4905 Mermaid Blvd - Health Club FOR SALE


Wilmington, DE 19808
$5,200,000 USD
302-241-0899
4905 Mermaid Blvd, Wilmington, DE for Sale
$5,200,000 USD
Health Club - FOR SALE
1/21
null | 7.7% Cap Rate

4905 Mermaid Blvd
Wilmington, DE 19808


HIGHLIGHTS

  • 7.7 Cap on Sale/Leaseback. 2nd nearby location also available.
  • Bordering 2 parks and a golf course. 43,400sqft on 2.6 acres.
  • Within 5 miles to Gold-Beacom college, ILG airport, Delaware Park, University of Delaware, and Downtown Wilmington.

OVERVIEW

Turn-Key business with a healthy NOI. 7.7 +/- Cap Rate on a Sale and Lease-Back. Bordering 2 parks and the Pike Creek Golf Course. 2.6 acres and a 43,400 sq ft fitness center. Recent Renovations. Multiple fitness areas, conference rooms, and swimming pools. Close to many well-known Wilmington businesses. Within 5 miles to Gold-Beacom college, ILG airport, Delaware Park, University of Delaware, and Downtown Wilmington. Take advantage of Delaware’s low tax rate Easy access to I-95 and the northeast corridor.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Pike Creek Fitness Club

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

137

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

CN

APN/PARCEL ID

08-036.20-354

ASK ABOUT THIS PROPERTY

Jeff SpiegelmanCommercial Moving Experience Real EstateMore Info
302-241-0899

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Jeff SpiegelmanCommercial Moving Experience Real EstateMore Info
302-241-0899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.