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.
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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