6723 Van Nuys Blvd | Van Nuys, CA 91405
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
6723 Van Nuys Blvd
Van Nuys, CA 91405
Crunch Fitness · Retail Property For Sale
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
Building Size
20,500 SF
Building Class
B
Year Built/Renovated
1950/2017
Tenancy
Single
Number of Floors
2
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 Route
- Signage
PROPERTY TAXES
| Parcel Number | 2236-010-001 | Improvements Assessment | £2,173,127 |
| Land Assessment | £3,260,708 | Total Assessment | £5,433,835 |
PROPERTY TAXES
Parcel Number
2236-010-001
Land Assessment
£3,260,708
Improvements Assessment
£2,173,127
Total Assessment
£5,433,835
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
