2655 Erringer Rd - Health Club FOR SALE


Simi Valley, CA 93065
$10,348,800 USD
209-401-7668
2655 Erringer Rd, Simi Valley, CA for Sale
$10,348,800 USD
Health Club - FOR SALE
1/7
null | 6.25% Cap Rate

2655 Erringer Rd
Simi Valley, CA 93065


OVERVIEW

After a 10-year long term, tenant just signed an additional 5-year NNN Lease, plus a 5-year option to extend, Featuring 10% Rental Increase. (Sign for Strong Successful Business). In Addition to the 26,000 SF Building, you get an almost 4 acres of a Complete Park including Legal Basketball Court, Tennis Court, Outside Training Court, Large Swimming Pool, and a Huge Parking Lot. Strong demographics – Average Annual Household Income above $154,000. Excellent location – Adjacent to High Value Houses’ neighborhood, located at the hard corner of Simi Town Center Way and Erringer Road, the property features easy access and excellent visibility to daily traffic counts in excess of 31,124+ vehicles and direct access off the Ronald Reagan Freeway (Route 118) to 128,592 vehicles. Strong Guarantor – Properties plus 2 Personal. Tenant Currently Operates 37 Crunch properties. Potential Future Development

FOR SALE DETAILS

PRICE

$10,348,800 USD

PRICE/SF

$398 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crunch Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

222

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

RCC-SP

APN/PARCEL ID

612-0-250-115

ASK ABOUT THIS PROPERTY

William WhitePeak CommercialMore Info
209-401-7668

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209-401-7668

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