LA Fitness Sports Club, a 45,050-square-foot fitness center in Apple Valley, Minn., has sold for $12.3 million.

Neither the seller’s nor the buyer’s identity was disclosed.

Located at 151st Street and Galaxie Avenue, the property sits in front of Apple Valley Ford and is adjacent to CVS, AutoMax, Kohl’s and Michael’s. LA Fitness has signed a 15-year, double-net lease that commenced in mid-June. The lease also contains three five-year options to extend.

The sales price of $12.3 million represents a price of $273 per square foot.

LA Fitness currently operates approximately 179 locations across the country and is headquartered in Irvine, Calif.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×