ORO VALLEY, Arizona — The BMO Bank at 10655 N Oracle Road in Oro Valley sold in a triple net investment sale for $2.62 million ($518 PSF).
An outparcel to Target, Ross, Office Max, PetSmart and Fry’s Center and across from The Home Depot in Oro Valley, with a new 10 Year Absolute NNN Lease, Zero Landlord Obligations lease and annual 2% Increases in Rent.
The 5,058-square-foot bank building was built in 2005 and sits on a .92 acre outparcel. BMO has been there since 2014.
BMO Harris Bank Corporate Guaranty – NYSE: BMO S&P Rated A+ Investment Grade Credit Trophy Location with High Income Demographics 16th Largest Commercial Bank in the U.S.
Jacob Abusharkh with SVN The Kaser Group in San Fancisco handled the transaction for CP Maple Leaf LLC of Los Angeles and the buyer, Robert Davies Volk of San Marino, California.
Abusharkh can be reached at 415.269.2474.
To learn more, see RED Comp #4663.