91329 Archives | Sands Investment Group

Sands Investment Group is pleased to present this long term net lease investment opportunity. The LA Fitness is located at 8400 Balboa Blvd in Northridge, California, in the heart of the San Fernando Valley.

NEWLY – CONSTRUCTED OUTPARCEL ANCHORED BY LEADING HIGH TECH COMPANIES

Long-term credit net lease – Brand new 15 year lease with minimal Landlord responsibilities

STRONG HEDGE AGAINST INFLATION

Market leading increases at 12% every 5 years during the initial term and throughout the options

SIGNIFICANT NOI GROWTH

With embedded rent increases throughout the lease term, the NOI is projected to grow more than $285,000 (21%) over the life of the lease

INTERNET RESISTANT TENANT

Health club industry revenue has doubled in the last 10 years

DELIVERED FREE & CLEAR

The property will be delivered with no debt, allowing seller to accommodate 1031 trade buyers in need of a quicker closing to meet tight exchange timeframes

RARE GENERATIONAL OPPORTUNITY

The property is anchored by some of the top high-tech companies in the country including: Harman (subsidiary of Samsung) and other household name high-tech companies
Adjacent to existing creative office/industrial campus that will include over 3,500 daytime employees on site once complete, as well as a full compliment of restaurants

NATIONAL COMPANY – LEADING INDUSTRY EXPERIENCE

Nation’s largest health club brand – LA Fitness is recognized as one of the leading fitness clubs throughout the country with over 800 locations in the United States and Canada
LA Fitness has the highest revenues ($1.9212 billion) of any health club in America and has a long term track record of international expansion

AFFLUENT DENSE LOS ANGELES MSA DEMOGRAPHICS