Press Releases
Marcus & Millichap Brokers Sale of Triple-Net-Leased LA Fitness in Oakland Park, Florida
November 05, 2026
OAKLAND PARK, Fla., Nov. 5, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of LA Fitness, a 38,559-square-foot, triple-net-leased fitness center located at 3825 N. Federal Highway in Oakland Park, Florida.
“This transaction provided the buyer with an opportunity to acquire an income-producing fitness property leased to a nationally recognized operator,” said Mark Thiel, executive managing director investments. “The property's location along North Federal Highway, with access to major roadways and surrounding residential neighborhoods, contributed to its appeal as a long-term investment.”
Thiel and Jake Bordelon, investment specialists in Marcus & Millichap’s San Diego office, in association with Ryan Nee, Marcus & Millichap’s Florida broker of record, represented the seller, a real estate investment trust. Ray Turchi, David Vaughan and Brendan Ryan, investment specialists in the firm’s Orlando office, represented the buyer, an LLC.
Built in 2000, the property is situated on a 3.80-acre parcel along North Federal Highway. The fitness center is leased to LA Fitness under a triple-net lease. The property is located near Commercial Boulevard and Interstate 95, with surrounding retail and residential developments.
“This transaction provided the buyer with an opportunity to acquire an income-producing fitness property leased to a nationally recognized operator,” said Mark Thiel, executive managing director investments. “The property's location along North Federal Highway, with access to major roadways and surrounding residential neighborhoods, contributed to its appeal as a long-term investment.”
Thiel and Jake Bordelon, investment specialists in Marcus & Millichap’s San Diego office, in association with Ryan Nee, Marcus & Millichap’s Florida broker of record, represented the seller, a real estate investment trust. Ray Turchi, David Vaughan and Brendan Ryan, investment specialists in the firm’s Orlando office, represented the buyer, an LLC.
Built in 2000, the property is situated on a 3.80-acre parcel along North Federal Highway. The fitness center is leased to LA Fitness under a triple-net lease. The property is located near Commercial Boulevard and Interstate 95, with surrounding retail and residential developments.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
