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5559 S Kedzie Avenue - LA Fitness, Chicago, IL

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5559 S Kedzie Avenue - LA Fitness

Chicago, IL 60629-2403 - South Chicago Submarket

Property Type:Retail Sub Type:Health Club Status:Existing Year Built:2015
Building Size:43,050 SF Land Area:1.35 AC (58,806 SF)
For Sale Price:$16,950,000 Price/SF:$393.73
Cap Rate:6.35 %

Sale Notes:
Quantum Real Estate Advisors, Inc. ( QREA ) has been retained to exclusively offer for sale 5559 South Kedzie Avenue. The subject property consists of a brand new free-standing 43,050 square foot single-tenant building leased to LA Fitness and a four-story parking structure with 275 spaces for the exclusive use by the tenant. The parking structure is located on the opposite corner and connects to LA Fitness through a secure, well-ventilated and lighted subgrade tunnel. LA Fitness International, LLC has commenced a new 15 year 6 month net lease, which provides 10 percent rent increases every five years and at the beginning of each of its three, five-year options.

Quantum Real Estate Advisors, Inc.
Chad M Firsel
(312) 269-0220

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