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11 Currency Drive

Berkshire Hathaway HomeServices Acquires Former Gold's Gym Building In Bloomington For $2.3M
SOLDRetail

Berkshire Hathaway HomeServices Acquires Former Gold's Gym Building In Bloomington For $2.3M

11 Currency Drive

$2,300,000

$50/SF

Building Size

45,749 SF

Asset Type

Retail

Closing

Jan 16, 2024

AI

AXIS 360 and Lee & Associates have brokered the $2.3 million sale of a 45,749-square-foot former Gold’s Gym building located at 11 Currency Drive in Bloomington. The undisclosed buyer, represented by Sherye Przybyla of Berkshire Hathaway HomeServices, plans a remodel in the coming months after acquiring the property from Citizen’s First Bank. The sale price equates to a price per square foot of $50.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,300,000
  • Address: 11 Currency Drive, Bloomington
  • Market: Bloomington

Greg Yount of AXIS 360 and Rick Scardino of Lee & Associates represented the seller, Citizen’s First Bank, in the transaction. Sherye Przybyla of Berkshire Hathaway HomeServices acted as the buyer's representative. After the sale, the buyer plans to renovate the former Gold’s Gym building.

Players

Rick Scardino

Lee & Associates

Broker

$11.8M

vol

21 deals

Broker
Citizens Bank
Citizens BankSeller
Citizens Bank
Citizens BankLender

Bloomington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93