• New Single-Tenant LA Fitness:
∘ Corporately guaranteed lease with the largest health club operator in the
country (740+ locations)
∘ NN lease with minimal landlord responsibilities, ideal for a passive investor
∘ Major recent capital raise from equity partners and credit upgrade to B3
Stable (June 2022 – Moody’s)
• Brand New 10-Year Lease Extension: Showing the Tenant’s commitment to this
location
• Upside Potential: Buyer can potentially carve out a pad site in the parking lot to add value immediately
(contact broker for details)
• Below Market Rent at $15 Per Square Foot
• Extensive Building Renovations and Upgrades Scheduled in 2023
• Dense and Affluent Demographics: Over 166,000 people within 3 miles of the
subject property with a $118,000 average household income within 1 mile
• Oversized 5.83 Acre Site with Ample Parking
• Neighborhood Infill Location: Ideally located within a neighborhood shopping
center with co-tenants including iCryo Cryotherapy, Smoothie Factory, Nail Spa,
Hair Salon & Dry Cleaners
