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Investment Highlights

  • Busy intersection of Katella Avenue and Brookhurst Street
  • Fully Remodeled and Renovated in 2018

Executive Summary

Great opportunity to own a Gorgeous Crunch Fitness in Garden Grove. One of the busiest and successful gyms in the Orange County area. The building was totally renovated and remodeled in 2018. Located on a busy intersection of Katella Avenue and Brookhurst Street.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
40,657 SF
Building Class
B
Year Built/Renovated
1987/2018
Price
$18,266,851 CAD
Price Per SF
$449.29 CAD
Cap Rate
6%
NOI
$1,096,011 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
3.25 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
100 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
294’ on Katella Ave

Amenities

  • Bus Line
  • Mezzanine
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 40,637 SF
  • -
  • Triple Net
  • Feb 2028

Crunch Fitness started in 1989 in New York City's Greenwich Village when Doug Levine created a welcoming gym environment. The company pioneered the "No Judgments" philosophy to make fitness accessible to everyone. Over time, Crunch Fitness expanded its services to include group workouts, personal training, and diverse fitness classes. The business model combines franchised and corporate-owned locations across multiple countries. Crunch Fitness also provides virtual workout options through its Crunch+ platform, which features on-demand and live-streamed classes. The company has maintained growth through various market conditions by adapting its service offerings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Arts, Entertainment, and Recreation 40,637 SF - Triple Net Feb 2028
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

Super King Markets
Wells Fargo
The Habit Burger Grill
Waba Grill
Bambu
Chase Bank
U.S. Bank
24 Hour Fitness
Citi
Bank of America

Property Taxes

Property Taxes

Parcel Number
132-111-20
Land Assessment
$6,154,983 CAD
Improvements Assessment
$2,051,480 CAD
Total Assessment
$8,206,463 CAD
  • Listing ID: 26401848

  • Date on Market: 2022-08-13

  • Last Updated:

  • Address: 9822 Katella Ave, Anaheim, CA 92804

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