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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.
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- ◦Sale/Acquisition




