Available For Sale - Retail

49,783 SF | Show Pricing $

AVAILABILITY DETAILS

Size
49,783 SF
Price/SF
Show Pricing $
Listing ID
SA379747
Notes
SVN is pleased to present to the market this former LA Fitness for sale or lease. The property totals ±49,783 SF on a 4.05 AC lot. While LA Fitness has recently physically vacated the space, they are still obligated under their lease term through July 2022. Additionally, there is a chiropractic group under lease through February 2023 presenting a unique opportunity for an investor to patiently organize future plans for the asset while collecting upwards of $1mm of rent per year in the interim. Alternatively, with over 90% of the building physically vacant, there is also great potential for an owner user or large tenant alike to facilitate early lease termination discussions paving the way for immediate occupancy of the building. The current owner is very motivated and can creatively structure either a mutually beneficial sale or lease of the property.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Justin Horwitz SIOR, SVN | Desert Commercial Advisors