LOS ANGELES-The Sky Zone Indoor Trampoline Parks are springing up in locations all around Southern California.

The owners of the patented trampoline courts, which offer wall-to-wall jumping action and are a big children's birthday party attraction, just closed a lease on a 39,000-square-foot industrial property at 7741 Hayvenhurst Avenue in Van Nuys, Ca. in the San Fernando Valley.

Charles Carmichael, a VP at NAI Capital's Encino office, represented Sky Zone Van Nuys Capital Partners LLC as the tenant in the lease transaction, which was for 10 years and over $3 million. 777 Heaven LLC is the landlord. This is the third lease handled by NAI Capital for the franchise. Van Nuys will be one of the largest facilities operated by Sky Zone.

Carmichael's first lease for Sky Zone was a 25,608-square-foot property located in the Covina Town Center at 1314 N Azusa Ave in Covina., which opened in Nov., 2012. The second, a 37,560-square-foot lease, was brokered by Lynn Coker from NAI Capital's Palm Desert office and is located at 4031 Flat Rock Drive in Riverside. That facility opened in June, 2012.

Sky Zone has over 60 sites in 15 states, Carmichael says, with five in California. The company is currently looking to add a new location in the Pasadena/Glendale market, he says.

Carmichael tells GlobeSt.com that he looked in the San Fernando Valley for about a year before finding the Van Nuys location, noting that finding a suitable property is “not a typical industrial box deal.” He declines to estimate specific construction costs to adapt a building for Sky Zone, but noted it is “in the millions.” The company has adapted existing buildings rather than doing build-to-suits because of the economy, Carmichael says.

The average Sky Zone admission to “free jump” is $12, but the fees are adjusted for parties and corporate events. “The concepts are all similar,” says Carmichael of the franchise. “It's birthday parties and you also have sky aerobics, which is an awesome way to exercise in a low-impact way.” Carmichael says the locations also offer specialized athletic training and a form of dodge ball featuring Nerf balls.

Getting landlords, lenders and city officials on board with Sky Zone often makes for difficult deals, Carmichael says. Concerns over liability from the bouncing activities are the hardest part of finding a location, while landlords and lenders are also worried that trampolines are a fad that will quickly burn out.

“We've got a site in Las Vegas that is open for 10 years,” says Carmichael. “Sacramento also has a long history, and several more do. We can show a track record. My client knows how to operate them.”

As previously reported in GlobeSt.com, NAI Capital also negotiated the lease for Palmdale Fitness Club, a new gym that took over a space last year at the Palmdale Towne Square.

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