FORT WORTH, Texas, Aug. 21, 2013 (GLOBE NEWSWIRE) -- Capital Square Realty Advisors LLC announced today that the company has acquired a 43,801-square-foot retail facility occupied by 24 Hour Fitness Super Sport in Keller, a suburb of Fort Worth, Texas, on behalf of an affiliated entity.
Located at 5901 Golden Triangle Blvd., the property was constructed in 2008. The facility is 100 percent leased on a long-term basis to 24 Hour Fitness USA Inc., one of the world's largest privately owned and operated fitness center chains.
"This property benefits from a high traffic count, given its proximity to nearly 200,000 people living within a 5-mile radius, as well as its convenient location just off Interstate 377," said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. "Additionally, the property has a remaining lease term of nearly 11 years, with three 5-year options."
The property also offers patrons 239 parking spaces, and is in close proximity to numerous national retailers, including Albertsons, Walgreens and Kohl's. Amenities of the fitness center include a full-sized basketball court, group exercise facilities, indoor lap pool, whirlpool, racquetball court, sauna and more.
About Capital Square Realty Advisors LLC
Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including tenant-in-common, DST and multiple publicly registered non-traded real estate investment trusts. Rogers is also the founder and CEO of Rogers Realty Advisors LLC, which provides investment banking services with an emphasis on sourcing preferred equity, mezzanine financing and other debt for real estate investments. The DST interests are sold by independent broker-dealers across the country. Property and asset management services are provided by affiliate Capital Square Management, LLC.