LA Fitness

Tenant Description

LA Fitness is a chain of health clubs. LA Fitness started as a single gym in Southern California, in 1984. Today they have over 690 locations in 32 states and Canada. LA Fitness offers members weights and cardio equipment in addition to group fitness classes. Locations will often have pools, saunas, basketball courts, and personal trainers available for members as well. LA Fitness is owned by two private equity firms: Seidler Equity Partners and Madison Dearborn Partners.

What To Look For When Buying An LA Fitness

Large format, hard to re-tenant
Higher price points

What We Like About LA Fitness

Long leases
Daily draw for people, elevating the property values around it
Strong increases during the primary term

Competition

24 Hour Fitness

What Is Sold In An LA Fitness

Fitness Services

LA Fitness Website

https://www.lafitness.com/Pages/Default.aspx

Corporate Office Location

2600 Michelson Drive #300 – Irvine, CA 92612

Fast Facts

Very popular on West Coast

LA Fitness – Tenant News
LA Fitness - Tenant News
Average Cap Rate Trend
5.75%
2019
6.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$13,000,000
Avg. Annual Rent$800,000
Avg. Price/ SF$300/SF
Typical Lease TypeDouble Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/a

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