$14.1M LA Fitness Property Sells Near Publix-Anchored Center
2 reports, 1 independent
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What happened
A 41,000-square-foot LA Fitness club in Coconut Creek, Florida, was acquired for $14,100,000. The property traded at a 6.89% capitalization rate. The buyer is a private investor completing a 1031 exchange, and the tenant holds an absolute net lease until January 31, 2037.
From finanznachrichten.de
Why it matters
The sale reflects commercial real estate activity in South Florida. The property is situated near a Publix-anchored center and is located within a mile of other major retail centers.
From finanznachrichten.de
Who's involved
- PublixPublix operates a nearby anchored shopping center to the property.
- Fort LauderdaleFort Lauderdale is the location of the brokerage firm that arranged the sale.
Keep exploring
The entities involved
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Publix
American supermarket chain headquartered in Lakeland, Florida
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Fort Lauderdale
city in and seat of Broward County, Florida, United States
Related events
- Geographical facts establish that Coral Springs is in Broward County, which contains the city of Fort Lauderdale, where Publix is located.
- Publix is supporting restoration efforts in South Carolina while operating across the Southeastern United States and Florida.
- Michelin recommends restaurants in Fort Lauderdale, while Stacy Ritter promotes dining deals in Broward County.
- MARA Holdings is headquartered in Fort Lauderdale.