Property tours are available by appointment ONLY. Please contact Nick Pass to schedule at nick@iebrealestate.com or 314.662.1299. Investment Highlights: ±33,376 SF freestanding fitness facility ±100% occupied by single tenant Value-add opportunity through lease-up at market rates at lease expiration and redevelopment Recent tax reassessment reduces only expense by ±50% Investment Overview: FX Fitness (the “Property”) is a ±33,376 SF fitness center located at 1255 Columbia Rd in Westlake, OH and occupied by single tenant FX Fitness. FX Fitness is a popular local fitness club with 4 additional locations throughout Ohio in Broadview Heights, Cincinnati, Maple Heights and Willoughby. The Property has been a fitness center since 1984, originally a Bally’s Fitness. FX Fitness has been in place under an initial six year double net lease with a 13.15% increase in year four and an 11.63% increase in the option period. Currently there are slightly less than 3 years remaining on the current term. Westlake, Ohio is a thriving community with recent population growth driving local business and increasing the number of housing in the area. The average income is $75,830 which is well above the state average of $48,081. Westlake is located only 14 miles from downtown Cleveland and is considered an upscale suburb. It is located along the bank of Lake Erie, just across from Detroit, Michigan. The Property is situated across the street from University Hospital, which is the largest local employer . The Property benefits from good area demographics with more than ±151,622 people within a 5 mile radius of the property with an average household income of ±$86,093. FX Fitness boasts traffic counts of ±23,079 on Columbia Rd. This property will be auctioned on Monday, May 8 - Wednesday, May 10 . The price displayed is the starting bid amount of $650,000. For information and to register to bid on this property, please visit Ten-X.com.