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Riverside LA Fitness Trades for $13.9M

Cole Credit Property Trust IV, Inc. purchased the retail property at 3437 Arlington Ave. in Riverside, CA for $13.88 million, or about $279 per square foot, from Westminster Arlington LLC.

The asset is currently 100 percent leased to LA Fitness through April of 2038 on a triple-net basis.

Originally built in 2010 and with an additional 7,461 square feet added in 2013, the health club totals 49,661 square feet on 5.6 acres, part of the Arlington…

via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542?ref=/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542&src=rss