LA Fitness
Baskersfield, CA
LA Fitness International LLC (doing business as LA Fitness) is an American gym chain with over 700 clubs across the United States and Canada. The company was formed in 1984 and is based in Irvine, California.
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 wellbeing of our increasingly diverse membership base. Today, our state-of-the-art clubs span the continent, and we’re still expanding. Our strong and successful growth stems from our commitment to understanding and meeting the distinct needs of each community we serve. With our wide range of amenities and a highly trained staff, we provide fun and effective workout options to family members of all ages and interests.
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Typical Lease Characteristics
Tenant Overview
LA Fitness locations make for a solid investment, given the companys size, strength, and growth over the past few years. The company is a lower price point player in an industry that has been consolodating. Regardless, special cosnideration must be given to local demographics, as well as nearby smaller competitors.
Positives:
- Low Price Model
- One of the Market Leaders in its segment
- Typically Long term leases with increases
Negatives:
- Competitive Industry Sector
- Susceptible to economic trends and pressures
- Unique buildouts and large spaces make it more challenging to re-tenant
Market Snapshots:
On Market Ranges:
# of Properties in set: 10
Price: $12,387,070 - $15,154,400Average: $13,177,737
PPSF: $280 - $340Average: $318
Year Built: 1968 - 2018Average: 2007
CAP Rate Range: 5.82% - 7.07%Average: 6.61%
Size range: 37,000 sq ft - 63,000 sq ft Average: 42,390 sq ft
Last 12 Month Range:
# of Properties in set: 11
Price: $10,528,580 - $12,906,000Average: $11,321,050
PPSF: $251 - $312Average: $276
Year Built: 1994 - 2017Average: 2011
CAP Rate Range: 5.99% - 7.21%Average: 6.44%
Size range: 35,000 sq ft - 45,000 sq ft Average: 40,687 sq ft
LA Fitness Company Profile
Headquarters Information
Irvine, California
Founded in 1984
Company type: Private
Parent Company: MOP Acquistions LAF
Industry: Exercise, Health Clubs