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

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.

More Information MLS# 6162288

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
IDX
Last Updated: March - 07 - 2025
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