Newbury Park LA Fitness Building Sold
LA Health constructing within the Village at Newbury Park.
The constructing that homes a LA Health gymnasium in Newbury Park was offered for an undisclosed worth.
The 36,900 sq. foot business constructing is situated within the Village at Newbury Park Mall at 2715-2725 Teller Street. The constructing had been included available in the market for $ 15 million.
Richard Rizika and Yvonne Shum of Beta represented the vendor, Academy Street LLC. Mark Thiel of Marcus & Millichap in San Diego represented the client, AHS Property Inc.
The constructing is leased to LA Health till 2034.
"This property represented an awesome alternative for an investor to accumulate a rented funding from a single tenant in a rich group in southern California," Rizika mentioned in a press release. "The customer was interested in the brand new improvement, the visibility of the freeway and the final demographics of the world."
The Village at Newbury Park, a regional business heart of 575,644 sq. toes, grew to become operational earlier this 12 months. Different tenants embody Goal, House Depot, Staples, Lowe’s and PetSmart.