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Tenant Profiles

Bank Of America

B+E > B+E INSIGHTS > Tenant Profiles > Bank Of America
02/29/2024 By B+E

Bank Of America

bankofamerica.com

13
Number on Market

$5.4M
Average Price

7.9
Average Remaining Term (Years)

5.22%
Average Cap Rate

Bank Of America Tenant Overview

Founded in 1998, Bank of America Corporation is an American multinational investment bank and financial services corporation headquartered in Charlotte, North Carolina. The company provides a wide range of banking and financial services, including retail banking, credit cards, corporate banking, investment banking, wealth management, and securities brokerage services. The bank has a vast network of operations throughout the United States as well as in international markets.

In addition to traditional banking services, Bank of America also operates and owns several subsidiaries, such as Merrill Lynch, which is one of the world’s largest wealth management firms, and U.S. Trust, which is a leading private wealth management company. The bank has an investment grade rating of A- and is widely recognized as one of the largest banks in the United States.

bank of america

Tenant Data:

Company Bank Of America
Ownership Public
Headquarters Charlotte, North Carolina
Ticker NYSE: BAC
Credit Rating A- (S&P)
Annual Revenue $94.2B (2023)
Locations (North America) ± 3,900
Regions Nationwide
Website www.bankofamerica.com
Average Bank Of America Info
Number on Market 13
Average Price $5,448,164
Average Remaining Term 7.9 Years
Average Cap Rate 5.22%
Average NOI $266,163
Average PPSF $1,125
Average Building SF 4,487 SF
Average Lot Size 0.89 AC
AS OF 02/01/2024

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