3400 Turgot Ln - Sports and Entertainment FOR SALE


Mount Pleasant, SC 29466- Mt Pleasant
$3,400,000 USD
843-270-6000
3400 Turgot Ln, Mount Pleasant, SC for Sale
$3,400,000 USD
Sports and Entertainment - FOR SALE
1/19
null | Request Cap Rate

NEW


3400 Turgot Ln
Mount Pleasant, SC 29466
Mt Pleasant


OVERVIEW

Nestled on a 1.64 acre lot in Mt Pleasant adjacent to the Park West Recreation Fields, 3400 Turgot Lane presents a rare opportunity to purchase a fully leased gym occupied by two Tenants. The primary Tenant, Bioalloy, LLC (dba as Redline), has a lease thru 10/31/32, and provides over 77% of revenue to the property. MOVMNT is the secondary tenant that has a lease through 10/31/29 and operates a boutique Crossfit style gym, but has a lease cancellable by either party. This flexibility allows a new owner to operate this as either a passive or active investment, depending on their goals and objectives. The interior includes an adoptable multi-sport interior-half of which is currently outfitted with artificial turf and the other half optimized for basketball, volleyball or pickleball. With minimal effort the entire space can be converted into a single full-sized court. There is also a dedicated 2,000 SF strength-training area, full reception, two locker rooms with showers, storage and office areas, plus an upstairs parent's lounge and dual office suites. Outside, an artificial turf field and half basketball court cater to youth soccer, lacrosse, baseball and 3-on-3 basketball programs. Net net, this operating gym offers tremendous opportunity, flexibility and upside with a great layout and location.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

GB

APN/PARCEL ID

598-00-00-053

ASK ABOUT THIS PROPERTY

Loren ZiffEastrock Properties, LLCMore Info
843-270-6000

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Loren ZiffEastrock Properties, LLCMore Info
843-270-6000

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