A 42,000-square-foot building in Lutz, Florida housing EoS Fitness has sold for $13.6 million. Lutz is a submarket of Tampa. An SRS team led by Patrick Nutt represented the seller, Barclay Group, a national development company. The California-based buyer was in a 1031 exchange.
“This newly opened property has a 15-year triple-net lease in place, providing the out-of-state investor with minimal landlord responsibilities and the stability of a well-performing fitness chain,” said Nutt.
Barclay Group has worked with EoS Fitness to identify and acquire the properties for the fitness company. Over the past five years, Barclay Group has partnered with EoS Fitness to open more than 25 locations across the country. SRS has also been responsible for partnering on site selection and lease transactions with EoS.