Club Studio Sale-Leaseback – Los Angeles, CA

Tenancy: Club Studio
Building Size: 37,777
Renewal Options: Three, 5-Year Options
Lease Expiration: 20-Years from COE
Rental Increases: Lesser of CPI or 8% Every 5-Years

• Sale-Leaseback: Single-Tenant Club Studio
∘ Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
∘ ABSOLUTE NNN Lease. No landlord responsibilities.
∘ 15-year Primary Lease Term, plus three (3), 5-year Options
∘ 8% Rent Increases every 5 years, including Options
• About Club Studio
∘ Fitness International’s Highest-End health club offering
∘ $134 – $249 monthly memberships
∘ 18 Club Studio Studio locations Open, 21 Coming Soon, & many more in the development pipeline
∘ Studio Row: Club Studio’s signature boutique classes all centralized under one roof
» Pilates, HIIT, Cycling, Boxing & Hot Yoga
• About Fitness International, LLC
∘ Parent Company to Club Studio and LA Fitness
∘ (+) 735 open and operating health clubs across North America, and expanding
∘ #1 largest health club operator in North America by revenue
∘ $2.2B Estimated Annual Revenue
∘ Founded in 1984, with over 40 Years of Operational Experience