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California  + Los Angeles  + Net Lease  | 

MJL Capital Divests Net-Leased Planet Fitness Location

An affiliate of Beverly Hills-based MJL Capital Partners has sold a newly renovated single-tenant property now occupied by Planet Fitness adjacent to Ventura College in Ventura. The sale price was $6.4 million.

Hanley Investment Group EVPs Bill Asher and Jeff Lefko, and President Ed Hanley represented the MJL affiliate. The buyer, a private investor from Ventura, was represented by Brian Hughes, also based in Ventura.

“We procured a local all-cash buyer based in Ventura and closed escrow before the tenant was open for business and paying rent,” said Asher. 
 
 

The 24,600-square-foot building leased to Planet Fitness is located on a 1.46-acre parcel at 5171 Telegraph Rd. in Ventura. The investment features a new 12.5-year triple-net lease with one of the leading Planet Fitness franchisees in the U.S.

Don’t miss Connect LA on May 3 at the Hotel Indigo. Connect in person with California CRE experts like Colliers Vice Chair Sean Fulp. 

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Hanley Investment Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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