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Retail

The Fullerton Club (Leasehold Interest)

1535 Deerpark Dr, Fullerton, CA 92831

Listing Price: $10,400,000

Lot Size
3.47 acres
Price/Acre
$2,997,118
Land Type
Land
Buildable Square Feet
127,000

Investment Overview

The Offering (Leasehold Interest): Marcus Millichap is pleased to offer for sale a Leasehold Interest in The Fullerton Club health club building located at 1535 Deerpark Drive in Fullerton, California. The Fullerton Club building is a 127 000 SF ( three story structure that was built in 1978 which sits on a parcel of 3 4 acres of land Additionally, the property includes a four story parking structure attached to the building. Ground Lease: The owner of The Fullerton Club has a Leasehold interest in this site Please see the following page for a full description of the Ground Lease and information on the other tenants Parking Structure: There is a four story parking structure in the center of the site to provide parking for the health club building This parking structure has spaces for between 450 - 500 cars and the structure takes up approximately 1 3 acres of the site. The Location: This property is a local landmark and benefits from absolutely amazing visibility on the 57 freeway. The building stands approximately 50 in height and is extremely visible as you drive by on the freeway. Noticeable signage is also a major benefit of this property. The Neighborhood: The subject property is located adjacent to a Target retail center in a dense residential neighborhood. Access to the site is provided by Deerpark Drive and Garnet Lane which are both two lane residential streets. California State University Fullerton: The subject property is located directly across the 57 freeway from Cal State Fullerton. Cal State Fullerton is a public university with a total enrollment of more than 41,000 CSUF has the largest student body of the 23 campus California State University ( system, and its graduate student body of more than 5,000 is one of the largest in all of California. The Opportunity: The Leasehold Interest in The Fullerton Club will provide an opportunity for an owner/user or an investor to purchase a landmark asset at a very attractive price/square foot and assume the Ground Lease with low monthly payments for another 34 years. This site may be a perfect location for a Specialty Type Use, Recreation Use or Entertainment Use with abundant on site parking. Sale or Lease: The owner would also look at prospective tenants looking to lease space in this property. Space available could be as large as two floors. Please contact the agent for more details.

Investment Highlights

  • Leasehold Interest 34 Years Remaining) in a Landmark Fullerton Asset
  • Three Story Building that is 127 000 SF ( and 113 217 SF (
  • Site is Located Directly across the 57 Freeway from Cal State Fullerton
  • Amazing Visibility on the 57 Freeway and Easy Access to the Freeway
  • Possibility that the Site can be Redeveloped as a Multi Family Residential Project
  • Listed Price is 82 /SF (Gross SF) and 92 /SF (Net SF)

Exclusively Listed By

Retail

The Fullerton Club (Leasehold Interest)

Listing Price: $10,400,000

Lot Size
3.47 acres
Price/Acre
$2,997,118
Land Type
Land
Buildable Square Feet
127,000

Investment Highlights

  • Leasehold Interest 34 Years Remaining) in a Landmark Fullerton Asset
  • Three Story Building that is 127 000 SF ( and 113 217 SF (
  • Site is Located Directly across the 57 Freeway from Cal State Fullerton
  • Amazing Visibility on the 57 Freeway and Easy Access to the Freeway
  • Possibility that the Site can be Redeveloped as a Multi Family Residential Project
  • Listed Price is 82 /SF (Gross SF) and 92 /SF (Net SF)

Investment Overview

The Offering (Leasehold Interest): Marcus Millichap is pleased to offer for sale a Leasehold Interest in The Fullerton Club health club building located at 1535 Deerpark Drive in Fullerton, California. The Fullerton Club building is a 127 000 SF ( three story structure that was built in 1978 which sits on a parcel of 3 4 acres of land Additionally, the property includes a four story parking structure attached to the building. Ground Lease: The owner of The Fullerton Club has a Leasehold interest in this site Please see the following page for a full description of the Ground Lease and information on the other tenants Parking Structure: There is a four story parking structure in the center of the site to provide parking for the health club building This parking structure has spaces for between 450 - 500 cars and the structure takes up approximately 1 3 acres of the site. The Location: This property is a local landmark and benefits from absolutely amazing visibility on the 57 freeway. The building stands approximately 50 in height and is extremely visible as you drive by on the freeway. Noticeable signage is also a major benefit of this property. The Neighborhood: The subject property is located adjacent to a Target retail center in a dense residential neighborhood. Access to the site is provided by Deerpark Drive and Garnet Lane which are both two lane residential streets. California State University Fullerton: The subject property is located directly across the 57 freeway from Cal State Fullerton. Cal State Fullerton is a public university with a total enrollment of more than 41,000 CSUF has the largest student body of the 23 campus California State University ( system, and its graduate student body of more than 5,000 is one of the largest in all of California. The Opportunity: The Leasehold Interest in The Fullerton Club will provide an opportunity for an owner/user or an investor to purchase a landmark asset at a very attractive price/square foot and assume the Ground Lease with low monthly payments for another 34 years. This site may be a perfect location for a Specialty Type Use, Recreation Use or Entertainment Use with abundant on site parking. Sale or Lease: The owner would also look at prospective tenants looking to lease space in this property. Space available could be as large as two floors. Please contact the agent for more details.

Exclusively Listed By

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