10115 Talbert Ave Fountain Valley, CA 92708
- Commercial real estate
- 34,100 SF
- 1.81 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10115 Talbert Ave
- Year built
- 1977
- Lot size
- 1.81 lot acres
- Property size
- 34,100 SF
- Property type
- Commercial real estate
- APN
- 169-334-01
- APU
- 16933401
Description
This exceptional investment opportunity presents a fee-simple, 50,441 square-foot, single-tenant LA Fitness facility located in Fountain Valley, California. Situated on a 2.87-acre lot at 10115 Talbert Ave, 92708, this property boasts irreplaceable freeway frontage on the heavily trafficked 405 Freeway, enjoying daily visibility to 320,789 vehicles. The 100% occupied building, constructed in 1977 and renovated in 1998 and 2014, features 169 parking spaces and benefits from a long-term NNN lease with a credit-rated corporate guarantor, expiring June 30, 2035 (10.6 years remaining). The lease includes 10% rent bumps every five years, with lease options for (2) five-year and (1) four-year extensions. The property's strong financial performance is reflected in its $1,123,848 NOI and a 5.00% cap rate, with an asking price of $22,475,000. The location is strategically positioned near the Orange Coast Medical Center and the Fountain Valley Promenade, surrounded by a variety of national and local retailers, and serves a dense, affluent demographic with over 201,800 residents within a 3-mile radius, averaging over $116,000 in household income. This presents a rare opportunity to acquire a core+ net-leased fitness center in a prime Orange County location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,600,000
- 6.5%
- $1,605,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,650,000
- Geo Method
- $1,415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,560,000
- Retail
- $1,245,000
- Mixed-Use
- $1,505,000
- Hospitality
- $1,485,000
- Educational
- $1,280,000
- Residential Income
- $1,625,000
- Energy
- $1,395,000
- Income-Based Land
- $1,560,000
- Food Service
- $1,555,000
Location Insight
- Map
- Local Demand
- City
- Fountain Valley
- County
- Orange
- State
- California
- Longitude
- -117.952
- Latitude
- 33.7023
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
