 |
| Around the Clock Fitness, Cape Coral, FL |
 |
| Jim Shiebler |
CAPE CORAL, FL, July 23, 2018 – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, today
announced the sale of Around the Clock Fitness, a 29,343-square foot net-leased
property located in Cape Coral, Fla., according to Ari Ravi, regional manager
of the firm’s Tampa office. The asset sold for $6,775,000.
Jim Shiebler, James Garner and James Medefind, investment
specialists in Marcus & Millichap’s Tampa office, had the exclusive listing
to market the property on behalf of the seller, a private investor.
“Through the power of Marcus & Millichap’s massive national
platform and access to the largest qualified buyer pool, we were able to source
multiple offers for the sale leaseback opportunity.
"Ultimately, we selected a
large institutional investment company from Arizona which demonstrates
M&M’s ability to access and import capital from coast to coast. The
transaction went from contract to close in 23 days and sold for 98% of list
price.” says Mr. Shiebler.
 |
| James Garner |
Around the Clock Fitness is a 24-hour fitness club
located in Cape Coral, Florida. The building, professionally remodeled in 2017,
boasts over 29,000 square feet of affordable luxury fitness equipment and
amenities. Amenities include group fitness classes such as Zumba, spinning,
Yoga, personal training, group training, Tribe Training, CrossFit, Kids Zone
and a 24-hour Juice Bar.
 |
| James Medefind |
Around the Clock Fitness is located in the heart
of Cape Coral, just west of the center of Fort Myers.
There is a local population of over 100,000 people within a five-mile radius of the property and a median age of 38.5 years.
These demographics are ideal for this tenant and makes this investment opportunity attractive to nearly all investors.
Around the Clock Fitness is located at 1141 SW Pine Island Rd in Cape Coral, Fla.
There is a local population of over 100,000 people within a five-mile radius of the property and a median age of 38.5 years.
These demographics are ideal for this tenant and makes this investment opportunity attractive to nearly all investors.
Around the Clock Fitness is located at 1141 SW Pine Island Rd in Cape Coral, Fla.
For more information, please contact:
Ari Ravi
Regional
Manager, Tampa
(813)
387-4700
No comments:
Post a Comment