1600 7th St
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1600 7th St
82,000 SF 22% Leased Retail Building Sioux City, IA 51101 $3,400,000 ($41/SF)
Investment Highlights
- + Inventory is included in asking price + Real Estate is Owned and included in asking price + Building Sq ft: 82,000 Sq Ft + Employees: 85 full and pa
- Management Team In place
- -Amenities offered such as Basketball, track, swimming, Personal Training, Full fitness Center, fitness classes, bicycling, Tennis, Racquetball, Pic
Executive Summary
The Club has extensive brand recognition in the region and is the area’s ‘go to’ for family recreation and fitness. The Club provides a historically consistent cash flow with multiple revenue streams. + Purchase opportunity includes 82,000 SF of indoor space on 4.29 acres of Real Estate, no deferred maintenance, and excellent collateral value. + Strong post covid numbers + Strong management team is in place, with an average of 85 full and part time employees that service all four locations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Health Club
Building Size
82,000 SF
Building Class
B
Year Built
1970
Price
$3,400,000
Price Per SF
$41
Percent Leased
22%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
2.81 AC
Opportunity Zone
Yes
Zoning
GI - General Industrial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 894727301004 | Improvements Assessment | $2,194,500 |
| Land Assessment | $171,600 | Total Assessment | $2,366,100 |
PROPERTY TAXES
Parcel Number
894727301004
Land Assessment
$171,600
Improvements Assessment
$2,194,500
Total Assessment
$2,366,100
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1600 7th St
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