0000 E XXXXXXXXXXX Avenue, Phoenix, AZ 85022
$4,500,000
Property Type: Business Opportunity Status: Closed
Current Price: $4,500,000 Last Modified: 3/07/2025
Overview
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.
Listing Details MLS# 6162288
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
General Property Description
- Uncvrd Parking Spcs
- 150
- Ttl Apx SqFt Bldg
- 0
Status Change Info
- Off Market Date
- 2020-12-02
- Under Contract Date
- 2020-11-30
- Close of Escrow Date
- 2021-02-08
Income Expenses
- Net Operating Income
- 780000
More Information
Contact Info
- List Agent Home Phn
- 623-236-0836
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
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
- Yes
Pmt & Rate Info
- Equity
- 4500000
- Down Payment %
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Type of Lease
- Other - See Remarks
- Yes
Form of Ownership
- Other - See Remarks
- Yes
Sale Price Includes
- Goodwill
- Yes
- Equipment
- Yes
- Inventory
- Yes
- Lease Value
- Yes
Lease Information
- Other - See Remarks
- Yes
Hours of Operation
- Other - See Remarks
- Yes
Business Age
- 1 - 3 Years
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Current Ownership
- 1 - 3 Years
- Yes
Cooling
- Other
- Yes
- See Remarks
- Yes
Expenses Include
- See Remarks
- Yes
Business/Tenant Pays
- Other
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- See Remarks
- Yes
Sewer
- Other
- Yes
Parking Features
- Other
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- Cash
- Yes
- SBA
- Yes
- Owner May Carry
- Yes
Current Financing 1
- See Remarks
- Yes
Current Financing 2
- See Remarks
- Yes
Current Financing 3
- See Remarks
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Environmental
- Other (See Remarks)
- Yes
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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