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Fitness Center

Vasa Fitness

15200 E Colfax Ave, Aurora, CO 80011

Listing Price: $11,538,461

Cap Rate
6.50%
Tenant Name
Vasa Fitness
Years Remaining On Lease
13.9
Gross SF
56,028
Guarantor
Corporate Guarantee
Rentable SF
56,028
Price/Gross SF
$205.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.39

Investment Overview

Marcus & Millichap is pleased to present Vasa Fitness in Aurora, Colorado.

Investment Highlights

  • LONG TERM CORPORATE LEASE Brand new 15 year lease with 10% increases every 5 years including a corporate guarantee from VASA Fitness, LLC with 48+ locations in six states.
  • EXPLOSIVE MEMBERSHIP GROWTH VASA Aurora has experience tremendous membership retention since its grand opening and is now on a record growth trajectory coming out of the pandemic.
  • LOW COST / HIGH VALUE LEADER VASA Fitness is one of the top 20 largest health club operators in the U.S. VASA recovered quickly following the pandemic with a leaner business model for future growth.
  • BRAND NEW BUILDOUT The property recently underwent an extensive renovation with over $4M+ in tenant improvements providing world class fitness amenities to the Denver trade area.
  • PRIME LOCATION & DEMOGRAPHICS Located right off I-225 (one of two auxiliary interstate highways in state of CO) at the major intersection of Colfax & Chambers with 49,337+ VPD and population of 358,493 within 5 miles.
  • BENEFITS FROM CLOSE PROXIMITY TO THE 578 ACRE ANSCHUTZ MEDICAL CENTER "MAYO CLINC OF THE WEST" Which treats over 2M adults and children a year, with more than $500 Million in research awards.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Listing Price: $11,538,461

Cap Rate
6.50%
Tenant Name
Vasa Fitness
Years Remaining On Lease
13.9
Gross SF
56,028
Guarantor
Corporate Guarantee
Rentable SF
56,028
Price/Gross SF
$205.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.39

Investment Highlights

  • LONG TERM CORPORATE LEASE Brand new 15 year lease with 10% increases every 5 years including a corporate guarantee from VASA Fitness, LLC with 48+ locations in six states.
  • EXPLOSIVE MEMBERSHIP GROWTH VASA Aurora has experience tremendous membership retention since its grand opening and is now on a record growth trajectory coming out of the pandemic.
  • LOW COST / HIGH VALUE LEADER VASA Fitness is one of the top 20 largest health club operators in the U.S. VASA recovered quickly following the pandemic with a leaner business model for future growth.
  • BRAND NEW BUILDOUT The property recently underwent an extensive renovation with over $4M+ in tenant improvements providing world class fitness amenities to the Denver trade area.
  • PRIME LOCATION & DEMOGRAPHICS Located right off I-225 (one of two auxiliary interstate highways in state of CO) at the major intersection of Colfax & Chambers with 49,337+ VPD and population of 358,493 within 5 miles.
  • BENEFITS FROM CLOSE PROXIMITY TO THE 578 ACRE ANSCHUTZ MEDICAL CENTER "MAYO CLINC OF THE WEST" Which treats over 2M adults and children a year, with more than $500 Million in research awards.

Investment Overview

Marcus & Millichap is pleased to present Vasa Fitness in Aurora, Colorado.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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