5858 Warner Ave - Freestanding FOR SALE


Huntington Beach, CA 92649
$14,840,000 USD
949-791-9089
5858 Warner Ave, Huntington Beach, CA for Sale
$14,840,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

5858 Warner Ave
Huntington Beach, CA 92649


HIGHLIGHTS

  • Prime Location - Hard Corner on Major Intersection Warner Ave & Springdale St
  • Tenant has operated at this location since 1994 and exercised 1st, 5-Year lease extension through 12/31/2031
  • Coastal OC NNN w/ rare biennial rent increases
  • Affluent Trade Area – Median HH Income of $115,000 (1-Mile Radius)
  • Large Parcel - ±30,070 SF Freestanding Building on ±2.59 Acres
  • Strong Coastal Demographics – 134,962+ Residents in 3 Miles

OVERVIEW

This is an exclusive opportunity to acquire a ±30,070 SF corporate NNN 24 Hour Fitness, located in one of Orange County’s most desirable coastal submarkets - Huntington Beach, CA. The offering features rare biennial CPI rent increase that hedge against inflation. Placer AI foot traffic data shows this location is in 88th percentile (ranked 40/348) of all fitness center locations within a 15 mile radius and 89th percentile (ranked 349/3,822) of all California fitness center locations. 24 Hour Fitness has operated at this location since 1994 and exercised 1st, 5-Year lease extension through 12/31/2031.

FOR SALE DETAILS

PRICE

$14,840,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Hour Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

166

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

CG

APN/PARCEL ID

163-080-12,163-080-13

ASK ABOUT THIS PROPERTY

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949-791-9089

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949-791-9089

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