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Fitness Center

Esporta Fitness (LA Fitness Corporate) | 7.00% Cap | Busy College Town | Southern California

4404 University Pkwy, San Bernardino, CA 92407

Listing Price: $9,390,000

Cap Rate
7.00%
Tenant Name
Fitness International, LLC
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
32,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.54

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the NNN leased, rare southern California corporate guaranteed, Esporta Fitness investment property in San Bernardino, CA. Fitness International, LLC signed a new 10-year lease in 2018 with four, five-year options to extend. The lease features a $1.00 SF/Yr. rental increases occurring at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Esporta Fitness is located just north of the signalized, hard corner intersection of University Parkway and N. State St. With over 27,377 vehicle passing by each day. In addition, the property is visible from the on/off ramps to Interstate 215 (46,860 VPD), the primary north/south thoroughfare serving the Inland Empire and city of San Bernardino.

Investment Highlights

  • Moody's Upgrades Fitness International's CFR TO B3 - 6/29/2022
  • LA Fitness' Newest Fitness Club Model
  • Recent Construction
  • Strong Demographics | College Town

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Financing By

Fitness Center

Esporta Fitness (LA Fitness Corporate) | 7.00% Cap | Busy College Town | Southern California

Listing Price: $9,390,000

Cap Rate
7.00%
Tenant Name
Fitness International, LLC
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
32,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.54

Investment Highlights

  • Moody's Upgrades Fitness International's CFR TO B3 - 6/29/2022
  • LA Fitness' Newest Fitness Club Model
  • Recent Construction
  • Strong Demographics | College Town

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the NNN leased, rare southern California corporate guaranteed, Esporta Fitness investment property in San Bernardino, CA. Fitness International, LLC signed a new 10-year lease in 2018 with four, five-year options to extend. The lease features a $1.00 SF/Yr. rental increases occurring at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Esporta Fitness is located just north of the signalized, hard corner intersection of University Parkway and N. State St. With over 27,377 vehicle passing by each day. In addition, the property is visible from the on/off ramps to Interstate 215 (46,860 VPD), the primary north/south thoroughfare serving the Inland Empire and city of San Bernardino.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Financing By

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