Listed by Marcus & Millichap - San Diego
$11,229,766
VASA Fitness | Oklahoma City, OK
Details
Property Type Retail
Sub Type Fitness Center, Gym
Square Footage 60,513
Cap Rate 7.25%
NOI $814,158
Tenancy Single
Brand/Tenant VASA Fitness
Lease Type NN
Lease Expiration 04/30/2035
Remaining Term 8.9
Rent Bumps Yes
Lease Options (3) 5 Years
Price per SqFt $186
Year Built 1988
Year Renovated 2019
Buildings 1
Acreage 4.730
Parking Spaces 266 spaces
Parking Per SqFt 4.40
Investment Type Net Lease
Lease Commencement 04/02/2020
Retail | 7.25% CAP | 60,513 SF
Investment highlights
Healthy Rent & Long Term Lease
Established Fitness Brand Presence
Strategic Store Spacing for Market Coverage
Prime Central OKC Location
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$814,158.00
$67,846.50/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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