Stan Johnson Co. Represents Seller In $5.5M Sale To Planet Fitness In Palmdale

The fitness and sports facility located at 40014 10th St. West in Palmdale, California, was recently sold for $5.5 million. The property, spanning 18,000 square feet, was acquired by the tenant, Planet Fitness, a well-known fitness center chain. The sale was facilitated by Ronnie Givargis of Stan Johnson Co., representing the seller, a private investor based in New York City. Planet Fitness previously leased the property on a triple-net lease, which included rental increases and option periods.

Summary of transaction details:

• Property Type: Fitness and Sports Facility
• Transaction Amount: $5,500,000.00
• Address: 40014 10th St. West, Palmdale, CA, 93551
• Market: Palmdale
• Seller's Rep: Ronnie Givargis (Stan Johnson Company)
• Buyer: Planet Fitness

The sale of the fitness and sports facility at 40014 10th St. West in Palmdale was a significant transaction that involved a New York City-based private investor as the seller and the tenant, Planet Fitness, as the buyer. Ronnie Givargis, from Stan Johnson Co., played a crucial role in representing the seller throughout the deal, ensuring a successful transaction that met the needs of both parties involved.