0000 E XXXXXXXXXXX Avenue, Phoenix, AZ 85022 (MLS# 6162288)

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
Country: US
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

0000 E XXXXXXXXXXX Avenue, Phoenix, AZ 85022 (MLS# 6162288)