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4404 University Parkway

San Bernardino, CA 92407
  • $9,500,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: OC23169682
UPDATED: 45 min ago
$9,500,000
  • 0
    BEDS
  • 89593
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2018
County:

School Ratings & Info

Listing Agent(s): Lynn Paris of Harvest Realty Development (626-593-7456)


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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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T15:28:40.59. 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 The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/143724244
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4404 University Parkway San Bernardino, CA 92407

  • Price: $9,500,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 45 min ago
  • ID#: OC23169682
0
Beds
0
Baths
0
½ Baths
89593
Acres
2018
Built
Neighborhood:
274 - San Bernardino
County:
San Bernardino
Area:
274 - San Bernardino
Property 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.
Exterior Features

Entry Level 1 Lot Features Street Level

Property Features

Additional Parcels YN No Common Interest None Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Terms CashConventional1031 ExchangeOwner Will Carry Property Sub Type Special Purpose Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T15:28:40.59. 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 The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Lynn Paris of Harvest Realty Development (626-593-7456)