Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 41,000 square foot, Class A, LA Fitness facility located at 2880 Michelle Dr, Tustin, CA 92780. The property sits on a 4.33-acre lot with 200 parking spaces and boasts a prime location at a signalized corner with high visibility and traffic counts exceeding 57,000 vehicles per day on Jamboree Road. Currently 100% occupied under a triple-net (NNN) lease with LA Fitness, a credit-rated tenant with a corporate… guarantee, the lease commenced June 1, 2002, and expires October 31, 2033, with three five-year renewal options. The remaining lease term is 8.9 years, offering significant long-term stability. The asking price is $19,700,000, representing a 5.77% cap rate and a net operating income (NOI) of $1,137,533. Rent bumps of 12.5% are scheduled for 2028 and each option period, providing a strong hedge against inflation. Built in 2003, the property benefits from limited landlord responsibilities, with the tenant responsible for roof and structure maintenance. LA Fitness has planned a full interior and exterior remodel, further enhancing the property's value. This is a core investment offering exceptional long-term returns and minimal management requirements. The property's APN is 432-391-55.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 4.33 ac
- APN
- 432-391-55
- Assessed value · 2024
- $19,894,394
- Annual tax · 2024
- $216,384
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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