LA Fitness | 2880 Michelle Dr
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LA Fitness 2880 Michelle Dr
41,000 SF Retail Building Irvine, CA 92606 $19,700,000 ($480/SF) 5.77% Cap Rate
Investment Highlights
- National Credit Tenant With Extra 15-Year Additional Committal to Initial Lease Term (9+ Years Remaining).
- High Visibility, Signalized Corner Location With High Traffic Counts.
- Limited Landlord Responsibilities.
- Long Term Lease With Multiple Renewal Options.
- Planned Full Interior and Exterior Remodel.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
41,000 SF
Building Class
B
Year Built
2003
Price
$19,700,000
Price Per SF
$480
Cap Rate
5.77%
NOI
$1,137,533
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
4.40 AC
Zoning
GI, Irvine
Parking
200 Spaces (4.87 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 432-391-55 | Improvements Assessment | $7,505,413 |
| Land Assessment | $11,998,895 | Total Assessment | $19,504,308 |
PROPERTY TAXES
Parcel Number
432-391-55
Land Assessment
$11,998,895
Improvements Assessment
$7,505,413
Total Assessment
$19,504,308
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Guillermo Olaiz -
John Archibald -
NAI Capital
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LA Fitness | 2880 Michelle Dr
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