THE SILVER GROUP SELLS A WENDY’S RESTAURANT

The Silver Group announces the sale of a single tenant property leased to California Family Fitness, located in the Sacramento suburb of Citrus Heights, California. Cal Fit is located at 7700 Sunrise Blvd., and is the anchor tenant within the Sunray Plaza Shopping Center. In 2009, a significant capital investment was made to rehabbed the space for the tenant’s occupancy. At the time of the sale, the triple net lease has 19 years of term remaining with annual rent escalations. The Property consists of a 45,640 sf building with an outdoor pool / spa / play area, indoor basketball and racquetball courts, large fitness / weight area, rock climbing wall, tanning beds, spinning classroom, childcare facility, retail store and café. The sale price was $14,180,000. California Family Fitness is a growing, 25 year old regional company with 20+ locations dominating the Sacramento metro area. The Silver Group was the exclusive agent representing the Seller and also procured the Buyer. Both Seller and Buyer are local partnerships.