One Brooklyn Bridge Park – Retail & Parking Condominium
360 Furman Street, Brooklyn, NY, 11201-4574, US
15,649 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the freestanding Life Time Fitness located at 14 Fernwood Road in Florham Park, New Jersey (“Property” or “Asset”). Life Time is operating on an absolute NNN lease with ±10.0 years of primary lease term remaining, 10% rent escalations every five years, four, five-year renewal options and zero landlord responsibilities.
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Attributes
NOI
CHF 2,934,000
WAULT
10 years
Building area net
10,186 m²
Year built
2008
Media
Investment Highlights
- Absolute NNN lease with ±10.0 years of primary lease term remaining and 10% rent escalations every 5 years
- Life Time Fitness is a premium lifestyle and leisure brand with more than 1.5+ million members
- Florham Park is consistently ranked among the wealthiest counties in the U.S. with 3-mile AHHI of $272,000
- Incredible demand characteristics driven 1.05 million residents within a 5-mile radius, representing 9.1% population growth since 2010
- Dense commercial corridor with accessibility to 142,000 vehicles per day
- Morris County ranks among the fastest growing counties in the NY-NJ-CT metro region, with Florham Park standing as one of its most desirable residential communities
Contact brokers
Life Time Fitness - Florham Park, NJ (0 Properties)
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Last updated
4 Aug 2025
