SRS Real Estate Negotiates $94M Sale of Seven EoS Fitness-Occupied Properties in Arizona, Florida

by Amy Works

ARIZONA AND FLORIDA — SRS Real Estate Partners has arranged the sale of seven single-tenant EoS Fitness properties in Arizona and Florida for a combined purchase price of $94 million. Barclay Group sold the properties to a publicly traded REIT.

Patrick Nutt and William Wamble of SRS Capital Markets represented the seller. Tyler McRae of SRS, along with Echelon Realty Advisors, were responsible for leasing the assets on behalf of EoS Fitness.

The portfolio comprises three new-construction gyms that opened in 2023, as well as four formerly vacant grocery stores that are currently undergoing redevelopment. All of the properties have 15-year, corporate-guaranteed, triple-net leases in place with scheduled rental increases.

The properties include:

  • A 57,803-square-foot facility at 9101 E. Baseline Road in Mesa, Ariz.
  • A 51,716-square-foot asset at 27 40 E. University Road in Mesa.
  • A 63,843-square-foot property at 750 E. Guadalupe Road in Tempe, Ariz.
  • A 46,039-square-foot space at 11275 E. Via Linda Road in Scottsdale, Ariz.
  • A 40,350-square-foot facility at 20722 E. Riggs Road in Queens Creek, Ariz.
  • A 40,350-square-foot property at 5891 S. Gornto Lake Road in Riverview, Fla.
  • A 40,350-square-foot asset at 2194 Argosy Drive in Lutz, Fla.

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