Description
LA Fitness Esporta Fitness is located at 4404 University Parkway, San Bernardino, CA. Completed in 2018, the property offers 32,000 sqm of generous use and sits on 2.06 acres. The property has a competitive asking price of $9.5 million, or just $297 per square foot. The investment has a return on capital of 6.86% and will generate an impressive annual revenue of $847,5120 by 2023, after total expenses of $195,610 and net profit of $65,1902.The lease agreement for the property is valid from March 26, 2018, to May 31, 2029, with options to extend for 5 years, repeat 4 times, and for 20 years. The lease includes 3% annual growth, ensuring investors continued reliable cash flow.Esporta Fitness is a well-known fitness chain with a national presence, operating more than 100 stores across the United States. They are known for their membership-only functional training programs, extensive facilities, and friendly service, all at an affordable price.Going forward, the property's projected net income will exceed inflation and term deposits. For more details or inquiries, please contact Lynn at 949-351-1343.
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School Ratings & Info
Description
LA Fitness Esporta Fitness is located at 4404 University Parkway, San Bernardino, CA. Completed in 2018, the property offers 32,000 sqm of generous use and sits on 2.06 acres. The property has a competitive asking price of $9.5 million, or just $297 per square foot. The investment has a return on capital of 6.86% and will generate an impressive annual revenue of $847,5120 by 2023, after total expenses of $195,610 and net profit of $65,1902.The lease agreement for the property is valid from March 26, 2018, to May 31, 2029, with options to extend for 5 years, repeat 4 times, and for 20 years. The lease includes 3% annual growth, ensuring investors continued reliable cash flow.Esporta Fitness is a well-known fitness chain with a national presence, operating more than 100 stores across the United States. They are known for their membership-only functional training programs, extensive facilities, and friendly service, all at an affordable price.Going forward, the property's projected net income will exceed inflation and term deposits. For more details or inquiries, please contact Lynn at 949-351-1343.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T15:28:14.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.