6723 Van Nuys Blvd | Van Nuys, CA 91405
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- LoopNet Team
6723 Van Nuys Blvd
Van Nuys, CA 91405
Crunch Fitness · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Largest Crunch Fitness Franchisee in the Nation - Harman Fitness owns & operates over 41 locations w/ Van Nuys location being one of the top producers
- Aggressive Rental Increases - 10% fixed increase in 2027, 15% fixed increase in 2032 and 15% fixed increase in 2035
- Assume Existing Loan - $4,200,000 original loan amount in 2019 with 4.6% interest only for 10 years fixed
- Excellent Income Stability - Current 5.72% Cap Rate with primary lease term through December 2031 with two 5-year options
- High Quality Renovation- Complete renovation in 2017 including the new roof installation
- Excellent Traffic Counts - 36,978 cars on Van Nuys Blvd and 27,640 cars on Vanowen St passing the site each day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
20,500 SF
Building Class
B
Year Built/Renovated
1950/2017
Tenancy
Single
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.51 AC
Zoning
LAC2 - Crunch Fitness falls within designated qualified opportunity zone.
Parking
448 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
99’ on Van Nuys Blvd
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 2236-010-001 | Improvements Assessment | $2,780,469 |
| Land Assessment | $4,172,004 | Total Assessment | $6,952,473 |
PROPERTY TAXES
Parcel Number
2236-010-001
Land Assessment
$4,172,004
Improvements Assessment
$2,780,469
Total Assessment
$6,952,473
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