Business & Tech
A Hefty Rent for a Healthy Business
Hall Equities Group has sold the property to an unnamed investor.
One of the newer businesses in town is paying a healthy--one might say even buffed-up--monthly rent for its N. Main St. property: $1.55 million per year, or about $129,000 per month.
The new 24-Hour Fitness Super Sport facility on S. Main St. has been sold by the Hall Equities Co. for $23.8 million, according to the San Francisco Business Times. The property was sold to an unnamed investor.
The fitness center opened in June, and features a pool, full-featured workout rooms, steam rooms and saunas, and personal trainers. A typical membership runs about $50 per month, according to staff.
The rent will increase by 10 percent every five years.
Hall Equities is the company proposing the Saranap development.
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