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STNL Crunch Fitness - Garden Grove - 6% CAP 9822 Katella Ave 40,657 SF Retail Building Anaheim, CA 92804 $13,410,210 ($329.84/SF) 6% Cap Rate
Investment Highlights
- Busy intersection of Katella Avenue and Brookhurst Street
- Fully Remodeled and Renovated in 2018
Executive Summary
Great opportunity to own a Gorgeous Crunch Fitness in Garden Grove. One of the busiest and successful gyms in the Orange County area. The building was totally renovated and remodeled in 2018. Located on a busy intersection of Katella Avenue and Brookhurst Street.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
40,657 SF
Building Class
B
Year Built/Renovated
1987/2018
Price
$13,410,210
Price Per SF
$329.84
Cap Rate
6%
NOI
$804,613
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
3.25 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
100 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
294’ on Katella Ave
Amenities
- Bus Line
- Mezzanine
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
- 40,637 SF
- -
- Triple Net
- Feb 2028
Crunch Fitness started in 1989 in New York City's Greenwich Village when Doug Levine created a welcoming gym environment. The company pioneered the "No Judgments" philosophy to make fitness accessible to everyone. Over time, Crunch Fitness expanded its services to include group workouts, personal training, and diverse fitness classes. The business model combines franchised and corporate-owned locations across multiple countries. Crunch Fitness also provides virtual workout options through its Crunch+ platform, which features on-demand and live-streamed classes. The company has maintained growth through various market conditions by adapting its service offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 40,637 SF | - | Triple Net | Feb 2028 |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 132-111-20 | Improvements Assessment | $1,511,852 |
| Land Assessment | $4,535,957 | Total Assessment | $6,047,809 |
Property Taxes
Parcel Number
132-111-20
Land Assessment
$4,535,957
Improvements Assessment
$1,511,852
Total Assessment
$6,047,809
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