SAN DIEGO, CA-An Ohio-based investor has snapped up the 24 Hour Fitness facility located at 17170 Bernardo Center Dr. in San Diego.

The buyer, Square Foot XIV, has paid seller N. Hasegawa Inc. $4 million for the 17,854-sf building. 24 Hour Fitness is a long-term tenant here, having inked a 20-year lease with three five-year options in 1992.

In the recent sales transaction, Square Foot XIV was represented by Cliff West of Colliers International’s Cleveland affiliate. Phil Wise and Brian Driscoll of Colliers International’s San Diego office acted on behalf of the seller N. Hasegawa Inc., in care of Mitsui Real Estate Sales.

Founded as a one-club operation in 1983, 24 Hour Fitness is now the world’s largest privately owned and operated fitness center chain. The company, which has more than 2.7 million members, currently operates more than 300 facilities located in the United States, Europe and Asia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.