Stan Johnson Brokers $5.5 Million Sale of Planet Fitness-Occupied Property North of Los Angeles

Palmdale, Calif. — Stan Johnson Co. has arranged the $5.5 million sale of a retail property located at 40014 10th St. West in Palmdale, roughly 58 miles north of Los Angeles. A New York City-based private investor sold the asset to the tenant, Planet Fitness. Prior to acquiring the real estate, Planet Fitness occupied the 18,000-square-foot property on a triple-net lease that features rental increases and option periods. Ronnie Givargis of Stan Johnson Co. represented the seller in the deal.