Investment Offering

Platform Investments, a wholly owned subsidiary of Platform Ventures, is pleased to present the opportunity to invest in a portfolio of two 24 Hour Fitness locations in the Dallas/Fort Worth southern suburbs of Cedar Hill, Texas and Mansfield, Texas. Each location is 100% leased by 24 Hour Fitness. 24 Hour Fitness does not franchise its stores, so each lease is to a corporate subsidiary of 24 Hour Fitness.

1031 Exchange Opportunity

The offering is structured as a Delaware Statutory Trust (DST), a business trust created under Delaware law. On August 16, 2004 the IRS issued revenue Ruling 2004-86 which permitted DSTs to qualify as replacement properties as part of a property owner’s 1031 exchange transaction (if the other requirements of a 1031 exchange are satisfied).

Offering Size $10,700,000
Investment Type Delaware Statutory Trust
Min. Purchase (1031) $100,000
Min. Purchase (cash) $50,000
Investor Type Accredited
Sponsor Platform Ventures

Portfolio Assets

The DST will acquire two 24 Hour Fitness locations in Cedar Hill, Texas and Mansfield, Texas, which have a total of 74,831 square feet.
Each location is 100% leased by 24 Hour Fitness. 24 Hour Fitness does not franchise its stores, so each lease is to a corporate subsidiary of 24 Hour Fitness.

  • 24 Hour Fitness Cedar Hill Village

    213 N Hwy 67, Cedar Hill, TX 75104
    • Current Population: 49,6152
    • 2017 Consumer Spending: $527 million (within 3 mile radius)2
    • Avg Household Income: $73,2852
    • Traffic Count: +100,000 cars/day3
  • 24 Hour Fitness Mansfield, TX

    1101 N Walnut Creek Dr, Mansfield, TX 76063
    • Current Population: +67,0002
    • 2017 Consumer Spending: $751 million (within 3 mile radius)2
    • Avg Household Income: $121,5782
    • Traffic Count: +100,000 cars/day3

Platform Ventures, through certain asset management subsidiaries,
manages over $1.3 billion of assets under management as of March 31, 2018.1