Hanley Arranges Sale of CA Fitness Center
ByHanley Investment Group Real Estate Advisors has arranged the sale of a 31,062-square-foot, single-tenant commercial space in Brentwood, Calif. The company worked on behalf of the seller, a family trust, whereas the buyer was self-represented in the deal. The asset is occupied by In-Shape Health Clubs, a non-national gym brand founded in 1981.
Located at 180 Griffith Lane, In-Shape is located near Brentwood Elementary, Brentwood Family Aquatic Center and Bentwood Senior Activity Center. Additionally, a newly constructed 160-unit, single-family development is located across the street. The freestanding building occupies 2.5 acres within a shopping center. Constructed in 2004, the asset was a build-to-suit for In-Shape. The lease agreement with the tenant extends through 2027…
