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LA Fitness | Fort Washington, PA 1175 Virginia Dr 38,509 SF 4-Star Retail Building Fort Washington, PA 19034 $12,705,335 CAD ($329.93 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Healthy Rent & Price Point
- Premier Location with Exceptional Access
- Corporate-Backed Security
- Affluent Demographics
EXECUTIVE SUMMARY
The 38,509 SF facility sits on 6.87 acres with ±200 parking spaces and is corporate leased (NNN) to Fitness International, LLC, the parent company of LA Fitness, a strong corporate guarantor with an S&P B/Stable rating and 728+ locations nationwide. Surrounded by the 6 million SF Fort Washington Office Park and boasting average household incomes exceeding $184,000 within one mile, the property benefits from dense, affluent demographics and strong commuter traffic.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Pool
- Security System
- Signage
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
LA Fitness continues to increase its presence by focusing on the one lifelong benefit valued by everyone: good health. Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional well-being of their increasingly diverse membership base. Today, their state-of-the-art clubs span the continent, and they are still expanding. Their strong and successful growth stems from their commitment to understanding and meeting the distinct needs of each community they serve. With their wide range of amenities and a highly trained staff, they provide fun and effective workout options to family members of all ages and interests.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 54-00-16404-255 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $5,046,099 CAD (2025) |
PROPERTY TAXES
Presented by
LA Fitness | Fort Washington, PA | 1175 Virginia Dr
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