6723 Van Nuys Blvd - Health Club FOR SALE
Van Nuys, CA 91405 |
6723 Van Nuys Blvd
Van Nuys, CA 91405
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
- Excellent Income Stability - Current 5.72% Cap Rate with primary lease term through December 2031 with two 5-year options
- Aggressive Rental Increases - 10% fixed increase in 2027, 15% fixed increase in 2032 and 15% fixed increase in 2035
- High Quality Renovation- Complete renovation in 2017 including the new roof installation
- Assume Existing Loan - $4,200,000 original loan amount in 2019 with 4.6% interest only for 10 years fixed
- Excellent Traffic Counts - 36,978 cars on Van Nuys Blvd and 27,640 cars on Vanowen St passing the site each day
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Crunch Fitness
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
20500
STORIES
2
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
448
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
2236-010-001
