SRS Real Estate Partners announced today it has completed the $12.5 million sale of an EōS Fitness property located at 17990 W. Lake Houston Parkway in Atascocita, Texas (Houston MSA).
SRS Capital Markets’ Senior Managing Principals Patrick Luther and Matthew Mousavi represented the seller, an East Coast-based developer, as well as the buyer, a Midwest-based private investor.
Built in 2024 and situated on 4.6 acres, the 42,000-square-foot (sf) property has a new 15-year corporate guaranteed triple net lease in place.
“This institutional-quality EōS property garnered a significant amount of investor interest with both public and private investor profiles coming forward,” said Luther. “We are seeing fitness assets benefitting from durable, membership-driven demand and long-term leases, making them a compelling investment where lifestyle trends, consistent cash flow, and attractive risk-adjusted returns intersect.”
“We sourced multiple offers and ultimately selected a private, non-1031 investor,” added Mousavi.
The EōS location serves as the anchor tenant to a brand-new retail development and is less than two miles from southeast Atascocita Commons, a 508,000-sf power center with major tenants including T.J. Maxx, Kohl’s, Target, and HomeGoods, among others.
Last year, SRS Capital Markets completed more than $3.5 billion in deal volume comprised of 950 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.