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California  + Inland Empire  + Retail  | 

Newly Developed EoS Fitness Trades at Record Low Cap Rate

SRS Real Estate Partners completed the $13.3-million sale of a newly developed EoS Fitness property located at 35914 Winchester Rd. in French Valley within south Riverside County. Managing principals Matthew Mousavi and Patrick Luther and VP Jack Cornell represented the seller, a Southern California-based private developer which has been pursuing a break-up strategy of the newly developed French Valley Marketplace. The buyer was a Southern California-based private investor in a 1031 exchange.

The closing cap rate was 6.3%, reportedly a record low cap rate for the EoS brand this year as well as comparable gym / fitness properties nationwide in 2024 according to CoStar records.

“This new construction property went to market and closed escrow with the new ownership prior to opening its doors,” said Mousavi. “This is a significant accomplishment into today’s challenging market in terms of financing and elevated interest rates.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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