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Highland LA Fitness Trades for $9.2M

Investor Purchases Health Club for $205 PSF
By Brian Barga
April 14, 2010 | 3:33 P.M.

Cole Capital Partners LLC acquired the triple net-leased retail property at 28015 Greenspot Road in Highland, CA, for $9.22 million, or about $205 per square foot, from Regency Centers. The property sold at a 9.25 percent cap rate and is currently leased to LA Fitness, under a 15-year lease deal that commenced in August 2009.

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  • Properties