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Listing Details


Address: 2222, West Beverly Boulevard, Montebello, California, 90640

Tenancy: Single Tenant

Status: In Escrow

Listing Team


Ted Slaughter

949.431.2734

ts@realsource.com


Jonathan Schiffer

949.688.1280

js@realsource.com


Austin Blodgett

949.431.2735

ab@realsource.com

Contact Broker For Details

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Tenancy: Fitness International, LLC
Building Size: 42946
Renewal Options: Three, 5-Year Options
Lease Expiration: 20 Years from COE
Rental Increases: Lesser of CPI or 10% Every 5-Years

• Sale Leaseback. Single-Tenant LA Fitness:

∘ Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company]

∘ ABSOLUTE NNN Lease. No landlord responsibilities

∘ 15-year Primary Lease Term, with three (3), 5-year Options

∘ Rent increases every 5 years, including options

• About LA Fitness:

∘ Fitness International, LLC [Parent Company]

∘ 750 open and operating health clubs across North America, and expanding

∘ #1 largest health club operator in North America by revenue

$2.1B Estimated Annual Revenue

∘ 40+ Years of operational experience

• Rare Offering: Fort Worth is the Only Fitness International [LA Fitness] Sale Leaseback on the market in North America