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This floor plan illustration is an approximation of existing structures and features and is provided for convenience only with the permission of the seller. All measurements are approximate and not guaranteed to be exact or to scale. Buyer should confirm measurements using their own sources.
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DESCRIPTION & DETAILS
Listing ID: 1001939366
Tour ID: 277197
Listing Type: For Sale
Full Bathrooms: 0
Half Bathrooms: 0
Garage bays: 0
Additional Garage: 0
Floors Above Ground: 2
Property Type: Special Purpose
The Old Town Athletic Club is a family-owned and operated multi-discipline athletic campus entailing 3 building and over 33,000 SF of training and exercise area. Launched in 1996 by Mike and Kim Forsten, the couple perform hands-on management along with their 2 sons, Cole and Chris. From traditional weight training, machines and cardio, OTAC also features specific skill enhancement disciplines. Members may choose from various concepts; Iron, Spark, Breathe, Fury, Force, Focus, Kid's Club, and most recently, Divergent. The anticipated sale & leaseback contemplates an initial net operating income of $420,000 (5% initial cap)The seller believes this rent reflects "market" rent for the vicinity as well as per squar
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