ValueRock Realty Acquires a 24-Hour Fitness in Rancho Santa Margarita for $8.875M
IRVINE, Calif., March 2023 – ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired the 20,000-square-foot 24-Hour Fitness located at 22331 El Paseo, Rancho Santa Margarita. The property sits on a 1.72 acre of land in a master-planned community. It is adjacent to 4 high-quality retail properties including Plaza El Antonio, Plaza El Paseo, Rancho Santa Margarita Towne Centre, and Santa Margarita Marketplace.
ValueRock used 1031 exchange funds to acquire the property. As an existing owner of other properties in the Rancho Santa Margarita area, ValueRock was attracted to the intrinsic value of the Real Estate in this high-income area.
About ValueRock Realty: ValueRock is one of the nation's leading real estate investment and operating companies. We seek to bring a strong, innovative entrepreneurial mindset to generate a positive impact and long-term value for our investors, assets, and communities. In operation for over 30 years, ValueRock brings a track record of over $30B in transactions in investment management, asset management, financing, development, leasing, and operations.