LA Fitness Building in Goodyear Sells for $12M

by Nellie Day

GOODYEAR, ARIZ. – A 45,000-square-foot retail building in Goodyear that is triple-net leased to LA Fitness has sold to a private family trust from Los Angeles for $12 million. The property is located at 1382 South Cotton Lane. LA Fitness is on a long-term, 15-year lease with about 11 years remaining on the initial term. The building was originally constructed in 2009. The 1031 exchange buyer was represented by Republic Commercial Real Estate. The seller, DTD – Devco 9 LLC, was represented by Chris Tramontano, Patrick Luther and Matthew Mousavi of Faris Lee Investments.

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