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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Property Description

JLL, as exclusive advisor, is pleased to offer to qualified investors an opportunity to acquire Griffin Club Los Angeles (the “Property”, the “Club”, or “GCLA”), a premier family-friendly, athletic, swim, tennis and social club located in the heart of West Los Angeles. Investors can acquire the Club via (i) 100% fee simple interest in the Club’s real estate and operating business, or (ii) a Sale Leaseback to the Club’s current operator, Meriwether Companies. The fully renovated 35,800 SF clubhouse sits on 4.04 acres, features two bars / restaurants, private banquet space, fitness facilities, boutique spa, and luxurious men’s & women’s locker rooms. Additionally, the Property offers eight tennis courts, a 7,500 SF artificial turf activity lawn, two spas and children’s pool, and is the only privately-owned club in Los Angeles County with two outdoor 25-yard lap pools. Since acquiring the Property in 2015, ownership has invested over $20 million into the facilities and programming. As a result, the Griffin Club has welcomed over 1,300 new members that are drawn to the Clubs core offerings of (i) socialization / community, (ii) tennis, (iii) aquatics, (iv) fitness, and (v) private dining.

Investment Highlights

  • Rare Opportunity: One-of-a-kind opportunity to own a prestigious Private Club in West Los Angeles
  • Sticky Membership: 1,500 + Active Memberships paying recurring monthly dues and a one-time non-refundable initiation fee
  • Strong Cashflow with Operational Upside: The Club is generating significant cash flow and presents an arbitrage opportunity to invest in Los Angeles fee simple real estate at a materially better capitalization rate than any other asset class
  • Stunning Redevelopment, Exquisite Amenities: Recent $20 million + renovation


Last Updated Date: 05 Oct 2021
Matt McRoskey
Matt McRoskey
Director
Paul Brindley Jr
Paul Brindley Jr
Senior Managing Director, Los Angeles Office Co-Head
License details
CA-01173794

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Last Updated Date: 05 Oct 2021

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