$4,500,000
Phoenix, AZ 85022
MLS# 6162288
Status: Closed
1 / 1
Property Description
If you are looking for a truly turn-key, owner-absentee run operation in a very popular field with 2 locations with all the staff and members in place then look no further. This listing offers two large gym locations in very locations surrounded by corporate neighbors and traffic in busy shopping center with great long term leases in place. One of the gyms is located in North Phoenix and boasts over 5500 members and over $1,200,000 in yearly gross income and a NET income of around $25,000 a month currently and keep growing every month. The Avondale location boasts around 8000 members and a yearly gross income of over $1,680,000 and a NET income of around $40,000 a month after all expenses, payroll, etc. The gyms are fairly newer built just over a year ago and they are already producing.
Details
Maps
General Property Description
Ttl Apx SqFt Bldg: 0
Uncvrd Parking Spcs: 150
Income & Expenses
Annual Gross Sales: 2880000
Owners Draw Included: No
Annual Owners Salary: 0
Annual Mngr Salary: 0
Anl Int (Non-RelEst): 0
Annual Depreciation: 0
Annual Fringes: 0
Adjusted Net Income: 0
Apx Value of Cash: 0
Ap Val Frn,Fxt & Eqp: 2000000
Business Type
Professional Service: 1
Pmt & Rate Info
Equity: 4500000
Down Payment %: 0
Total Owed: 0
Lockbox Type
None: 1
Type of Lease
Other - See Remarks: 1
Form of Ownership
Other - See Remarks: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Inventory: 1
Lease Value: 1
Lease Information
Other - See Remarks: 1
Hours of Operation
Other - See Remarks: 1
Business Age
1 - 3 Years: 1
Heating
Other: 1
See Remarks: 1
Current Ownership
1 - 3 Years: 1
Cooling
Other: 1
See Remarks: 1
Expenses Include
See Remarks: 1
Business/Tenant Pays
Other: 1
Source of Fincl Data
Owner: 1
Water Source
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash: 1
SBA: 1
Owner May Carry: 1
Current Financing 1
See Remarks: 1
Current Financing 2
See Remarks: 1
Current Financing 3
See Remarks: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 623-236-0836
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Contract Info
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2020-11-19
Location
Map Code/Grid: L31
House Number: 0000
Compass: E
Street Name: XXXXXXXXXXX
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.625115
Geo Lon: -112.05296
Status Change Info
Off Market Date: 2020-12-02
Under Contract Date: 2020-11-30
Close of Escrow Date: 2021-02-08
Sold Price: $4,500,000
Income Expenses
Net Operating Income: 780000
Property Features
Business Type: Professional Service
Form of Ownership: Other - See Remarks
Sale Price Includes: Goodwill; Equipment; Inventory; Lease Value
Lease Information: Other - See Remarks
Hours of Operation: Other - See Remarks
Type of Lease: Other - See Remarks
Business Age: 1 - 3 Years
Current Ownership: 1 - 3 Years
Expenses Include: See Remarks
Source of Fincl Data: Owner
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: See Remarks
Sewer: Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Lockbox Type: None
Current Financing 1: See Remarks
Current Financing 2: See Remarks
Current Financing 3: See Remarks
New Financing: Cash; SBA; Owner May Carry
Environmental: Other (See Remarks)
Listing Office: American Realty Brokers
Last Updated: March - 07 - 2025
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