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6710-6720 Pacific Blvd
Huntington Park, CA 90255
PRICE REDUCTION - 1% BONUS TO BUYER BROKER · Retail Property For Sale
PROPERTY FACTS
About 6710-6720 Pacific Blvd , Huntington Park, CA 90255
BRAND NEW 20 YEAR CORPORATE GUARANTEED LEASE WITH BLINK FITNESS BY EQUINOX - Brand new 20-year corporate guarantee NN lease with Blink Fitness, one of the strongest performing subsidiaries of Equinox and one of the fastest growing fitness brands in the country. SIGNIFICANT GROWTH PROJECTIONS AND EXCELLENT OPERATING HISTORY FOR BLINK FITNESS - Blink is projecting over 300 locations by 2020, and operates at the lowest rent margin in the fitness industry and the highest EBITDA of all equinox subsidiaries. EQUINOX IS A LEADER IN THE HIGH GROWTH FITNESS INDUSTRY - The luxury sports club leader is re-inventing the fitness industry by breaking the mold of the traditional workout facility to create high-end fitness spaces worthy of competing in a more general lifestyle market. With 135 locations in every major city across the United States in addition to London, Toronto, and Vancouver, Equinox has become synonymous with a unique luxury experience that is catering to a large segment of the fitness world. ICONIC PROPERTY THAT HAS UNDERGONE A MULTI-MILLION DOLLAR RENOVATION - Blink occupies the landmark Warner Theater building, a 1930’s theater building Blink with a unique old world charm and memorable feel that features high ceilings and a highly visible facade. The significant renovation is complete with a new roof, electrical systems, plumbing, and significant amenities that create a distinctive environment for members of this location. Over $4.5 million has been invested in the property. ACCESSIBILITY AND WALKABILITY - Pacific Boulevard has a score of 91/100 for walkability. Retailers, small boutiques, and restaurants populate Pacific Boulevard. Huntington Park also has convenient access to the surrounding five major freeways- Interstates 710, 110, 10, 105 and the 5. RARE OPPORTUNITY - Stable and secure offering allows for minimal management responsibility in a strong Los Angeles County location with 12.5% rental increases every 5 years.
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PROPERTY TAXES
Parcel Number | 6322-017-006 | Improvements Assessment | $1,552,443 |
Land Assessment | $724,365 | Total Assessment | $2,276,808 |
PROPERTY TAXES
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Listing ID: 14225192
Date on Market: 10/29/2018
Last Updated:
Address: 6710-6720 Pacific Blvd, Huntington Park, CA 90255
The Retail Property at 6710-6720 Pacific Blvd, Huntington Park, CA 90255 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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