LA Fitness | 2880 Michelle Dr
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LA Fitness 2880 Michelle Dr
41,000 SF Retail Building Irvine, CA 92606 £15,414,265 (£376/SF) 5.77% Net Initial Yield
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
£15,414,265
Price Per SF
£376
Net Initial Yield
5.77%
NOI
£890,063
Tenancy
Single
Number of Floors
1
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 | £5,872,611 |
Land Assessment | £9,388,536 | Total Assessment | £15,261,146 |
PROPERTY TAXES
Parcel Number
432-391-55
Land Assessment
£9,388,536
Improvements Assessment
£5,872,611
Total Assessment
£15,261,146
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LA Fitness | 2880 Michelle Dr
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