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Pacific Coast Business Times: Big Sales Abound

February 07, 2014

Pacific Coast Business Times: Big Sales Abound

Santa Barbara, California – Published 2/7/2014
Pacific Coast Business Times
Pacific Coast Business Times: Big Sales Abound
By Marlize van Romburgh, Commercial real estate

If my inbox is any indication, dealmaking is heating up across the region. Here’s a look at several other high-value sales that have recently closed:

The building at 52 N. Fairview Ave. in Goleta recently changed hands in an off-market deal. The recent sale was the second time the 5,800-square-foot retail building changed hands in as many years, according to Radius Commercial Real Estate & Investments.

The property was purchased by brothers John and Tom Price for an undisclosed sum. The property previously sold in February 2012 and was formerly home to a Chase Bank branch. It now houses AC4 Fitness, owned and operated by health club entrepreneur and Gold’s Gym founder Tony Calhoun.

“Having a quality long-term tenant in AC4 was very appealing to us,” John Price, who also owns a neighboring carwash and gas station, said in a statement. AC4 Fitness holds a lease for the entire building through January 2022. Radius Principal Brad Frohling represented both parties in deal negotiations.

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