Listed by Marcus & Millichap - San Diego
$11,747,578
VASA Fitness | New Berlin, WI
Details
Property Type Retail
Sub Type Fitness Center, Gym
Square Footage 62,024
Cap Rate 7.25%
NOI $851,699
Tenancy Single
Brand/Tenant VASA Fitness
Lease Type NNN
Lease Term 15.3
Lease Expiration 06/30/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options (3) 5 Years
Price per SqFt $189
Broker Co-Op Yes
Year Built 1999
Year Renovated 2022
Buildings 1
Acreage 6.750
Parking Spaces 264 spaces
Parking Per SqFt 4.26
Investment Type Net Lease
Lease Commencement 03/01/2022
Ground Lease No
Retail | 7.25% CAP | 62,024 SqFt
Investment highlights
Top Performing Location Nationwide
Established Fitness Brand Presence
Excellent Accessibility & Visibility
Affluent Milwaukee Suburb
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$851,699.00
$70,974.92/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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