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LA Fitness in Hemet Changes Hands

Private Investor Acquires 50,000-SF Health Club
November 6, 2009
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.

Please refer to CoStar COMPS # 1818024 for more information.
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