Landlord negotiated to secure a one-year termination option so this building can be delivered vacant within a year of closing escrow. In exchange for this highly-valuable owner option, the owner has agreed to provide 24-Hour Fitness with a below-market rent. Rent details will be provided to qualified buyers separately. Ideal situation for a user to get permits while still receiving income from 24-Hour Fitness. An owner-user can occupy the entire ±22,000-SF building (or over 51%) which will satisfy the SBA loan occupancy requirement.
This is a rare opportunity that can accommodate uses that neighboring buildings cannot, due to the excess shared parking arrangement and no exclusivity clauses (which limits uses in neighboring projects).
Rare opportunity to have over 243 parking stalls shared with the building next door. This building is on its own ±1.67-acre parcel which has approximately 84 parking stalls. There is a rare shared parking agreement with the approximate 159 stalls immediately adjacent to this parcel in the same parking lot. 600 Amps of power.