This Retail Property is no longer advertised on LoopNet.com.
6723 Van Nuys Blvd
Van Nuys, CA 91405
Crunch Fitness · Retail Property For Sale
![6723 Van Nuys Blvd, Van Nuys, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/wQVFJ6yQakTKbniVecTR1k59ZERvHTN0RzWpmTVCxU8/110/6723-Van-Nuys-Blvd-Van-Nuys-CA-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Largest Crunch Fitness Franchisee in the Nation - Harman Fitness owns & operates over 41 locations w/ Van Nuys location being one of the top producers
- Aggressive Rental Increases - 10% fixed increase in 2027, 15% fixed increase in 2032 and 15% fixed increase in 2035
- Assume Existing Loan - $4,200,000 original loan amount in 2019 with 4.6% interest only for 10 years fixed
- Excellent Income Stability - Current 5.72% Cap Rate with primary lease term through December 2031 with two 5-year options
- High Quality Renovation- Complete renovation in 2017 including the new roof installation
- Excellent Traffic Counts - 36,978 cars on Van Nuys Blvd and 27,640 cars on Vanowen St passing the site each day
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Health Club
- General Retail Freestanding
- General Retail Storefront
Building Size
20,500 SF
Building Class
B
Year Built/Renovated
1950/2017
Tenancy
Single
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.51 AC
Zoning
LAC2 - Crunch Fitness falls within designated qualified opportunity zone.
Parking
448 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
99 FT on Van Nuys Blvd
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
Parcel Number | 2236-010-001 | Improvements Assessment | $2,725,950 |
Land Assessment | $4,090,200 | Total Assessment | $6,816,150 |
Learn More About Investing in Retail Properties
Listing ID: 23509882
Date on Market: 6/24/2021
Last Updated:
Address: 6723 Van Nuys Blvd, Van Nuys, CA 91405
The Retail Property at 6723 Van Nuys Blvd, Van Nuys, CA 91405 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS
NEARBY LISTINGS
- 6050-6140 Lankershim Blvd, North Hollywood CA
- 5018 Lankershim Blvd, North Hollywood CA
- 15110 Keswick St, Van Nuys CA
- 16729 Saticoy St, Van Nuys CA
- 6639 Laurel Canyon Blvd, North Hollywood CA
- 14768 Calvert St, Van Nuys CA
- 18066 Ventura Blvd, Encino CA
- 11924 Vose St, North Hollywood CA
- 14248-14248 1/2 Oxnard St, Van Nuys CA
- 12223 Ventura Blvd, Studio City CA
- 11503 Burbank Blvd, North Hollywood CA
- 7345 Canby Ave, Reseda CA
- 8548 Lankershim Blvd, Sun Valley CA
- 6801 Van Nuys Blvd, Van Nuys CA
- 6451-6453 Van Nuys Blvd, Van Nuys CA