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Planet Fitness Northridge 16930 Parthenia St 17,663 SF 100% Leased Retail Building Northridge, CA 91343 $8,656,670 ($490.10/SF) 5.50% Cap Rate
Investment Highlights
- GROWING INCOME STREAM | 15% RENT INCREASE OVER NEXT 6 YEARS
- PLANET FITNESS (NYSE: PLNT) | 2,900+ LOCATIONS | LARGEST GYM OPERATOR IN U.S.
- RECENT CAPITAL EXRECENT CAPITAL EXPENDITURES INCLUDE NEW ROOF AND HVAC
- LONG TERM 15 YEAR NNN LEASE | TENANT IS HIGHLY INVESTED IN LOCATION
- LOCATED AT HARD CORNER INTERSECTION | STRONG TRAFFIC COUNTS OF 67,200 VPD
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
17,663 SF
Building Class
C
Year Built/Renovated
1963/2021
Price
$8,656,670
Price Per SF
$490.10
Cap Rate
5.50%
NOI
$476,117
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
1.62 AC
Zoning
LAP
Parking
60 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2689-018-023 | Improvements Assessment | $192,031 |
| Land Assessment | $1,034,686 | Total Assessment | $1,226,717 |
Property Taxes
Parcel Number
2689-018-023
Land Assessment
$1,034,686
Improvements Assessment
$192,031
Total Assessment
$1,226,717
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Planet Fitness Northridge | 16930 Parthenia St
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