Bonita Springs Fitness Academy

Bonita Springs, Florida

Bought from Bankruptcy Court, Partner Mauricio Cayon, currently developing Phase II,
iPrep Academy

Deal Summary

The Site was acquired with an 85% non-recourse land from a private Foundation. The property has undergone a $300,000 renovation, the 2.5 year lease has been renegotiated to 25 years and a new non-recourse loan set to close in September 2016. The property appraised for $7,400,000 at closing.

Year Built

2014

Project Cost

Total project cost $4,800,000

Square Feet

Total square feet: 31,000

Project Location

28011 Performance Lane, Bonita Springs, FL 34135

Project Location