LA Fitness sale tops $10M

Ownership changes, tenant stays put

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A property wholly occupied by LA Fitness in Santa Ana, Calif., has been sold for $10.5 million. Southern California-based SAVEH LLC purchased the property, located at 1501 N. Tustin Ave., from Northern California-based Eden Group. Built in 2004, the property is situated on .63 acres and totals 35,000 square feet. The facilities include a swimming pool, basketball court and other related amenities. LA Fitness holds a long-term NNN lease for the space, according to a press statement. ...