The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 22, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



VENTURA COUNTY NEWS
Printer-friendly Version   Email an Associate
Single-Tenant LA Fitness Property in the Conejo Valley Gets a New Owner

8/23/19

AHS Property Inc acquired a 37.3k sf building leased to LA Fitness in the Conejo Valley community of Newbury Park. The single-tenant, leased investment property is located at 3057 Grande Vista Drive.

Although the final sales price was not disclosed, we can tell you that the property was listed for $15.02 mil, or $403/sf.

LA Fitness is located within the Village at Newbury Park shopping center, a 575.6k sf regional shopping center which was developed in 2019. The highly trafficked center is centrally located in Ventura County with convenient access to the US 101 Freeway. In addition to LA Fitness, the Village at Newbury Park is anchored by Target, Home Depot, Staples, Lowe’s and PetSmart.

Richard Rizika and Yvonne Shum of Beta represented the seller, Academy Road LLC. Mark Thiel of Marcus & Millichap repped the buyer.

“This property represented a tremendous opportunity for an investor to acquire a single tenant leased investment in an affluent Southern California community,” said Rizika. “The buyer was attracted to the new development, freeway visibility and overall demographics of the area.”





Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media