Monday, November 9, 2009

LA Fitness in Hemet Changes Hands

“Eden Group LLC acquired the LA Fitness in Hemet, CA, from Sanderson Plaza LLC (75 percent Interest) and JNT Investments LLC (25 percent interest) for $8.45 million, or about $170 per square foot. The 50,000-square-foot health club building, located at 220 N. Sanderson Ave., was built in 2008 on nearly five acres. The property is fully leased to LA Fitness International under 15-year, triple net terms. Mark Thiel of Marcus & Millichap represented both parties in the transaction.”

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