ABOUT 4404 UNIVERSITY PKY , SAN BERNARDINO, CA 92407

  • Price: $10,000,000
  • Sale Conditions : Investment Triple Net
  • Property; Retail
  • No. Stories: 1
  • Building Class: B
  • Year Built :2018
  • Sale Type: Investment
  • Tenancy :Single
  • Cap Rate: 6.07%
  • Lot Size: 2.10 AC
  • APN / Parcel ID : 0266-591-15
  • Gross Leasable Area: 32,000 SF

DESCRIPTION

HFF, as exclusive advisor, is pleased to offer the extraordinary opportunity to purchase the fee simple interest in LA Fitness (the “Property”), located in San Bernardino, a highly desirable community of San Bernardino County. The property consists of brand new construction in which LA Fitness signed a 10 year NNN lease that features 5% rent increases every five years with four five year options. The property is located less than 1 mile from California State University of San Bernardino which has over 20,000 active students. Located within a larger shopping center that features national brands such as Ralphs, Del Taco, Carl’s Jr., KFC, Subway, AT&T, and Weinerschnitzel.

HIGHLIGHTS

  • New NNN Lease to a Leading National Gym Operator
  • Favorable Lease with Attractive Fixed Rental Increases
  • Brand New, High Quality Construction
  • Strategic Location in Close Proximity to CSU San Bernardino
  • No Management Responsibilities