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Club Studio Leases 48,000 SF Fitness Studio At Santa Monica Place
LEASED
California
See Similar DealsRetail48,000 SF
Leased 07/21/2023
LEASED
Club Studio Leases 48,000 SF Fitness Studio At Santa Monica Place
395 Santa Monica Place, Santa Monica, Ca 90401
See Similar DealsRetail48,000 SF
Leased 07/21/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:48,000 SF
Transaction Type:Lease
The property involved in this lease transaction is located at 395 Santa Monica Place in Santa Monica. It is a retail space with a size of 48,000 square feet. The landlord of the property is Macerich, represented by Doug Healey, and the tenant is Club Studio.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 395 Santa Monica Place
- Market: Santa Monica
- Landlord: Macerich - Doug Healey
- Tenant: Club Studio
Club Studio has plans to open a fitness studio at Santa Monica Place. The studio will cover an expansive area of 48,000 square feet and will feature boutique studio rooms, recovery space, steam rooms, infrared saunas, a juice bar, and a retail store. However, the exact opening date for Club Studio's fitness studio has not been announced yet.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,751,331.03
Total Lease Value
$27,513,310.35
Net Landlord Cash Flow$2,751,331.03
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