Bonita Springs Fitness Academy
Bonita Springs, Florida
Bought from Bankruptcy Court, Partner Mauricio Cayon, currently developing Phase II,
The Site was acquired with an 85% non-recourse land from a private Foundation. The property has undergone a $300,000 renovation, the 2.5 year lease has been renegotiated to 25 years and a new non-recourse loan set to close in September 2016. The property appraised for $7,400,000 at closing.
Total project cost $4,800,000
Total square feet: 31,000
28011 Performance Lane, Bonita Springs, FL 34135