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Fitness Center

LA Fitness

435 York Rd, Towson, MD 21204

Listing Price: $12,720,000

Cap Rate
8.25%
Tenant Name
LA Fitness
Years Remaining On Lease
11.5
Gross SF
48,000
Guarantor
Corporate Guarantee
Rentable SF
48,000
Price/Gross SF
$265.00
Lease Type
Absolute Net
Rent Per Square Feet
$21.86

Investment Overview

Marcus & Millichap is pleased to present this rare opportunity to purchase the LA Fitness retail condo located within Towson Commons, an infill mixed-use project in the high growth submarket of Towson (Baltimore MSA) MD. The offering is an approximate 48,000 - square foot state-of-the-art facility opened in 2014 which is part of a flagship mixed-use project including 120,000 square feet of multi-level retail space, an adjoining 230,000 square foot 10-story class A office building and a multi-level parking structure (862 stalls). LA Fitness recently extended their lease early offering the new owner 15 years of firm term which demonstrates the Tenant’s strong commitment to this location.

Investment Highlights

  • Recent Extension - New 15 Year Lease (Early Extension)
  • Industry Leading Tenant- #1 Revenue-Generating Health Club Company In The Industry (Non-Franchised)
  • Downtown Infill Project - Flagship Location Located in Towson Commons Mixed-Use Development

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s) MD: 646476

    Maryland

Listing Price: $12,720,000

Cap Rate
8.25%
Tenant Name
LA Fitness
Years Remaining On Lease
11.5
Gross SF
48,000
Guarantor
Corporate Guarantee
Rentable SF
48,000
Price/Gross SF
$265.00
Lease Type
Absolute Net
Rent Per Square Feet
$21.86

Investment Highlights

  • Recent Extension - New 15 Year Lease (Early Extension)
  • Industry Leading Tenant- #1 Revenue-Generating Health Club Company In The Industry (Non-Franchised)
  • Downtown Infill Project - Flagship Location Located in Towson Commons Mixed-Use Development

Investment Overview

Marcus & Millichap is pleased to present this rare opportunity to purchase the LA Fitness retail condo located within Towson Commons, an infill mixed-use project in the high growth submarket of Towson (Baltimore MSA) MD. The offering is an approximate 48,000 - square foot state-of-the-art facility opened in 2014 which is part of a flagship mixed-use project including 120,000 square feet of multi-level retail space, an adjoining 230,000 square foot 10-story class A office building and a multi-level parking structure (862 stalls). LA Fitness recently extended their lease early offering the new owner 15 years of firm term which demonstrates the Tenant’s strong commitment to this location.

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s): MD: 646476

    Maryland

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