Fitness Center Case Study

Highlights in the Case Study

lifo32,000 square foot fitness center

lifoAcquired in 2015 for $2,300,000

lifoOne-story, steel frame structure

Increased Cash Flow in 1st year- $130,000 lifo

The subject property is a 32,000 square foot fitness center that was acquired in 2015 for $2,300,000. The building is a one-story, steel frame structure, with an elastomeric membrane roof, and with brick and EIFS veneer. Interior finishes include ceramic tile, rubber flooring, wood flooring, mirrored walls, and paint. The interior is wired for television and fitness equipment and is also furnished with a sauna, swimming pool and basketball court. Site improvements include asphalt and concrete pavement, steel railings, and landscaping