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Transcan Sells 45,783-SF Health Club to InvestorsAlamo, CA-based developer Transcan Development LLC sold the LA Fitness building at 2600 Canyon Springs Parkway in Riverside, CA to San Jose investors Baypointe Partners LLC for $13 million or $284 per square foot.
This 45,783-square-foot retail health club was delivered in 2006 and is part of the Canyon Crossing shopping center. LA Fitness is under a triple-net lease, which expires in 2021.
1 comment:
Transcan did not sell the building. Fidelity Investments, who are Transcan's capital partners, took over as the managing partners due to defaults by Transca. Fidelity Investments would have been the entity who sold the building.
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