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LA Fitness | Top Performing Location 471 Prospect Ave 48,000 SF 4-Star Retail Building West Orange, NJ 07052 $21,071,174 ($438.98/SF) 7.75% Cap Rate
Investment Highlights
- STNL HEALTH CLUB PORTFOLIO: AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO
- Corporate-Backed Security
- Surrounded by Major Retail & Strong Demographics
- Top Performing Location Nationwide
- Prime Essex County Location
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
48,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$21,071,174
Price Per SF
$438.98
Cap Rate
7.75%
NOI
$1,633,016
Tenancy
Single
Building Height
2 Stories
Slab To Slab
15’
Building FAR
0.43
Lot Size
2.59 AC
Zoning
0-R
Parking
250 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
117’ on Prospect
Amenities
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
LA Fitness began in Southern California in 1984 and grew into a gym and health club chain serving members across the United States and Canada. The company offers a wide range of amenities, including cardio and free-weight equipment, basketball, racquetball, swimming, indoor cycling, personal training, and group fitness, along with newer club features such as contactless check-in and trial access options. LA Fitness positions its clubs around broad fitness support for members of different experience levels and interests, while continuing to expand its network of state-of-the-art facilities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00155-0000-00026-03 | Improvements Assessment | $13,718,000 |
| Land Assessment | $3,885,000 | Total Assessment | $17,603,000 |
Property Taxes
Parcel Number
22-00155-0000-00026-03
Land Assessment
$3,885,000
Improvements Assessment
$13,718,000
Total Assessment
$17,603,000
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
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