Ally Commercial Real Estate is pleased to present a rare opportunity to acquire a premier generational asset located at 16601 Ventura Boulevard, Encino, CA—a trophy ground-leased property tenanted by Citibank, N.A., an investment-grade (A+) credit tenant. Situated on a 33,031 square foot parcel at the high-profile signalized intersection of Ventura Blvd and Rubio Ave, this asset sits in the heart of one of the San Fernando Valley’s most prestigious and densely populated trade areas.

Citibank owns and operates the ±44,555 square foot building, built in 1983, under a ground lease. The lease is absolute NNN—providing zero landlord responsibilities. Upon lease maturity or termination, ownership of the improvements reverts to the landowner, offering exceptional long-term upside and flexibility. Citibank holds a Right of First Refusal (ROFR) on the sale.

This offering represents a unique chance to acquire a stable, credit-backed income stream in a high-barrier-to-entry market, with significant future value potential. Ideal for investors seeking durable income today and control of a major commercial signalized corner in the years ahead.