Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
Average Sale Price | $3,000,000 - $5,500,000 |
Average NOI | $125,000 - $225,000 |
Building SF | 4,000 |
Lease Term | 20 Years |
Escalations | 10% Every 5 Years |
Stock Symbol | NYSE:JPM |
In 1955, Chase Manhattan Bank was originally founded via the merger of Bank of the Manhattan Company and Chase National Bank. It remained as Chase Manhattan Bank until the turn of the millennium, when in 2000 it merged with J.P. Morgan & Co. Eight years later, Chase’s acquisition of Washington Mutual secured the majority of WaMu’s deposits and holdings.
As it stands today, Chase is the household name which most customers are familiar with. Although the full title of JPMorgan Chase Bank, N.A. encompasses all consumer and commercial banking subsidiaries relating to JPMorgan Chase at the national level. Corporate headquarters are currently situated in Chicago, IL.
With a spotlight on both California and Florida at this time, expansion is ongoing. Plans are in the works for constructing up to two thousand new branch locations upcoming within 5 years. Considering that Chase is usually referred to as one of the ‘big 4’ banking leaders throughout the U.S.A., the investment potential is worth watching.
Founded | 1799 |
Headquarters | New York City, New York |
Number of Locations | 4,700 |
Revenue | $124.54 B |
Company Website | https://www.chase.com |
Key Principal | Jamie Dimon |