Blink Fitness by EQUINOX
6710 Pacific Boulevard | Huntington Park, CA 90255

Price: | $11,970,000 | Tenant: | Blink Fitness by EQUINOX |
Bldg SF: | 30,923 SF | Price/SF (Bldg): | $387 |
Land SF: | 17,442 SF | Price/SF (Land): | $686 |
Year Built: | 1930 | Current CAP Rate: | 6.04% |
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Price: $11,970,000
Tenant: Blink Fitness by EQUINOX
Bldg SF: 30,923 SF
Land SF: 17,442 SF
Year Built: 1930
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685
Investment Highlights
BRAND NEW 20 YEAR NN CORPORATE GUARANTEED LEASE WITH BLINK FITNESS
• Corporate guaranteed NN lease with Blink Fitness, on of the strongest performing subsidiaries of Equinox
• Blink Fitness is one of the strongest growing brands in the fitness industry, with memberships ranging from $15 – $25 per month
• Blink Fitness operates at higher profit margins than their competitors
• 300 plus locations projected by 2020 within the U.S.
• Annual operating revenues north of $100 million with over a 25% increase in annual sales
• Blink Fitness operates at the highest EBITDA margin of all Equinox subsidiaries at 34.8% and the lowest rent margin in the fitness industry at 20% which offers a distinct competitive advantage amongst its competitors
• Equinox is a leader in the fitness industry and revolutionizing the industry, becoming synonymous with a unique experience
ICONIC PROPERTY THAT HAS UNDERGONE A FOUR PLUS MILLION DOLLAR RENOVATION
• Over $4.5 million has been invested to re-invent the landmark Warner Theater
• One of the most well-known properties along Pacific Boulevard benefiting from old world charm and a memorable feel
• High ceilings and a memorable façade provide a memorable experience and separate this asset from all others along Pacific Boulevard
• Renovation includes new roof, electrical systems, plumbing and a plethora of amenities that create a distinctive environment for gym members
STABLE AND SECURE INCOME STREAM WITH RENTAL INCREASE
• Twenty-year NN corporate guaranteed lease provides minimal landlord obligations
• 12.5% rental increases every five years
• Rare twenty-year corporate lease in a densely populated LA County sub-market
EXCELLENT DENSE URBAN INFILL LOCATION
• Centrally located in the LA County sub-market of Huntington Park, CA
• Over 60,000 people within one mile of the subject property and over 1.2 million people within five miles
• Centralized location provides easy access to the 110, 101, 5, 10, 710, 605, and 60 freeways
• Truly a walker’s paradise with a walk score of 93 out of 100
• Pacific Boulevard is a main commercial thoroughfare and the third highest grossing commercial district in LA County