SURMOUNT Closes $12.7M Bank Branch Sale in Studio City
Event summary
- $12.7M sale of a 14,245-square-foot Bank of America branch in Studio City at $893/sqft.
- SURMOUNT represented both seller and buyer after six years of portfolio advisory work.
- Transaction included complex parking lease structure requiring dual representation.
- Final disposition of the seller’s last remaining net lease asset.
The big picture
This transaction underscores the continued appeal of net lease assets, particularly in high-demand submarkets like Studio City. With U.S. net lease investment up 8% year-over-year to $52.4B (per CBRE), SURMOUNT’s ability to navigate complex structures highlights its role as a key intermediary in this asset class. The firm’s long-term advisory relationship also demonstrates the value of trust-building in commercial real estate transactions.
What we're watching
- Net Lease Demand
- Whether investor appetite for bank branches and other net lease assets will sustain despite interest rate volatility.
- Dual Agency Impact
- How SURMOUNT’s ability to bridge pricing gaps through dual representation affects future high-complexity transactions.
- Portfolio Exit Pace
- The speed at which other net lease portfolio holders may seek full liquidation after this six-year engagement.
Related topics