NAI Capital Completes Sale of Former LA Fitness in La Mirada, CA
La Mirada, CA, Tuesday, October 06, 2015–Executive Vice President and Branch Manager Yair Haimoff and Senior Vice President Irwin Hyman with NAI Capital represented the seller Kam-Ron, LLC on the sale of the 35,000 square foot Former LA Fitness gym. The sale price was well over the $5.6 million.
The property located 15020 La Mirada Blvd. was previously leased to gym operator LA Fitness. The property was delivered 100% vacant at the close of escrow. The buyer was PDGA USA Gymnastics and Diving based out of Santa Fe Springs, CA – which will occupy the facility. The project is in move-in condition with a reception area, elevator, 1/2 court indoor basketball court, 5 indoor racquetball courts, indoor swimming pool and a sauna.
The building is situated in the 300,000-square-foot La Mirada Theatre Center, home of La Mirada Theatre for the Performing Arts. Other tenants include, IHOP, Starbucks, Panera Bread, Big 5, Taco Bell and Starplex Cinemas.
Haimoff said, “This project made sense for an owner/user to purchase. This is a unique property, nevertheless there remains a lack of product for sale and buyers are willing to pay a premium for quality vacant buildings.”
“This is an ideal location for PDGA USA Gymnastics and Diving to own and occupy this facility. This location will optimize their visibility and increase their membership,” Hyman added.
About NAI Capital
NAI Capital Company is one of the Southern California’s leading full-service commercial real estate organizations, providing a complete range of transaction, property management and consulting services. NAI Capital is one of the largest members of NAI Global, a premier real estate service network with 375 offices and 6,700 market leaders spanning the globe. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout Southern California. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #00806840
To learn more, visit www.naicapital.com
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.
To learn more, visit www.naiglobal.com.
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