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1530 W West Covina Pky
West Covina, CA 91790
24 Hour Fitness · Retail Property For Sale
PROPERTY FACTS
About 1530 W West Covina Pky , West Covina, CA 91790
TFS Properties, Inc. is pleased to present West Covina Parkway - 24 Hour Fitness. No management required - NNN. The property was built in 1962 & renovated in 1999. The offering consists of the total 67,821 square foot (1.56 acres) parcel, including adjacent 246-space, three-level parking structure. Structure consists of reinforced concrete foundation & tilt-up walls with interior steel framing. Buyer able to purchase the property free & clear with seller, an institutional fund, willing to absorb defeasance fee. Stable, Increasing Cash Flow Asset: - 9+ years left on the lease with three (3) 5-year renewal options with 11% rent increases every five (5) years. - The retail center is located on West Covina Parkway in West Covina, CA anchored by neighboring Plaza West Covina, Queen of the Valley Hospital & central to local medical facilities. Over 30,000+ swipes per month. - The gym & sports facility services West Covina, Baldwin Park, Covina, & City of Industry. In addition, the gym is within 1 mi. of West Covina Medical Center, Queen of the Valley Hospital, East Valley Community Health Center, & Kindred Hospital Baldwin Park. https://www.youtube.com/watch?v=Uo8fbyWch-I&feature=youtu.be
PROPERTY TAXES
| Parcel Number | 8474-002-016 | Improvements Assessment | $15,229,021 |
| Land Assessment | $7,436,792 | Total Assessment | $22,665,813 |
PROPERTY TAXES
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