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2222 W Beverly Blvd
Montebello, CA 90640
LA Fitness Sale-Leaseback · Retail Property For Sale
Investment Highlights
- Absolute NNN Sale-Leaseback
- Below Market Rent of $15/psf
- Rare, Los Angeles Net-Lease Big-Box Offering
Executive Summary
• Sale-Leaseback: Single-Tenant LA Fitness
° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
° Rare, Absolute Lease. No landlord responsibilities.
° 20-year Primary Term, plus three (3), 5-year Options
° 8% Rent Increases every 5 years, including Options
• About Fitness International, LLC [LA Fitness Parent Company]:
° Parent Company to Club Studio and LA Fitness
° (+) 660 open and operating full-service 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
° Strategic growth initiative focused on adding hundreds of new Club Studio locations nationwide
over the next five years
° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
° Rare, Absolute Lease. No landlord responsibilities.
° 20-year Primary Term, plus three (3), 5-year Options
° 8% Rent Increases every 5 years, including Options
• About Fitness International, LLC [LA Fitness Parent Company]:
° Parent Company to Club Studio and LA Fitness
° (+) 660 open and operating full-service 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
° Strategic growth initiative focused on adding hundreds of new Club Studio locations nationwide
over the next five years
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Health Club
Building Size
42,946 SF
Building Class
B
Year Built
1964
NOI
$674,295
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
3.07 AC
Zoning
MNC2YY - Mixed-Neighborhood-Commercial
Parking
60 Spaces (1.39 Spaces per 1,000 SF Leased)
Frontage
1,165’ on West Beverly Boulevard
Amenities
- Security System
- Signage
Property Taxes
| Parcel Number | 5268-013-019 | Improvements Assessment | $5,556,883 |
| Land Assessment | $8,913,298 | Total Assessment | $14,470,181 |
Property Taxes
Parcel Number
5268-013-019
Land Assessment
$8,913,298
Improvements Assessment
$5,556,883
Total Assessment
$14,470,181
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