REBusinessOnline

Stan Johnson Brokers $5.5M Sale of Planet Fitness-Occupied Property in Palmdale, California

40014-10th-St-West-Palmdale-CA

Planet Fitness occupies the 18,000-square-foot property at 40014 10th St. West in Palmdale, Calif.

LOS ANGELES — Stan Johnson Co. has arranged the sale of a fitness and sports facility located at 40014 10th St. West in Palmdale. A New York City-based private investor sold the asset to the tenant, Planet Fitness, for $5.5 million.

Prior to acquiring the real estate, Planet Fitness occupied the 18,000-square-foot property on a triple-net lease that features rental increases and option periods.

Ronnie Givargis of Stan Johnson Co. represented the seller in the deal.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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