Past projects and
case studies
single-tenant build-to-suit
Tinley Park, Illinois
(45,000 SF)
Tinley Park was a 45,000 square foot single-tenant LA Fitness build-to-suit development
Due to a unique real estate tax situation, the property was acquired by the tenant for a discount, which impacted overall returns for this project
Square Footage
Equity
Debt
Total Capitalization
Total Distributions
Profit (loss)
Cash Return
Equity Multiple
45,000
$2,963,288
$11,600,000
$14,563,288
$4,070,000
$1,106,712
37.3%
1.37x
village
redevelopment
Richardson, Texas
(93,000 SF)
Richardson is a 93,000 square foot LA Fitness anchored redevelopment project, sold in 2017
It included the splitting-off of a bank outparcel and the creation of a new outparcel
Square Footage
Equity
Debt
Total Capitalization
Total Distributions
Profit (loss)
Cash Return
Equity Multiple
93,000
$5,789,515
$6,500,000
$12,289,515
$6,941,000
$1,151,485
37.319.9%
1.20x
crossing
ground-up development
Rowlett, Texas
(56,000 SF)
Rowlett is a 56,000 square foot LA Fitness anchored ground-up development
Sold in 2017
Square Footage
Equity
Debt
Total Capitalization
Total Distributions
Profit (loss)
Cash Return
Equity Multiple
56,000
$3,370,000
$9,500,000
$12,870,000
$6,087,050
$2,717,050
80.6%
1.81x