490 OLD CONN PATH
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Location
490 OLD CONN PATH
Mblu
072/ 49/ 6091/ /
Acct#
8870
Owner
NNN ATHLETIC II MA, LLC
PBN
Total Market Value
$41,464,500
Appraisal
$41,464,500
PID
8870
Building Count
1
Current Value
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$32,408,300$447,800$3,038,700$5,569,700$41,464,500
Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$32,408,300$447,800$3,038,700$5,569,700$41,464,500

Owner of Record
OwnerNNN ATHLETIC II MA, LLC
Co-OwnerC/O LIFETIME FITNESS, INC
Address2902 CORPORATE PL
CHANHASSEN, MN 55317
Sale Price$100
Certificate
Book & Page 68163/0389
Sale Date10/06/2016
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
NNN ATHLETIC II MA, LLC $100 68163/03891B10/06/2016
LTF REAL ESTATE CO, INC $9,250,000 65904/02921O08/13/2015
CR 21, LLC $4,500,000 62071/05671O06/21/2013

Building Information
Building 1 : Section 1
Year Built: 2016
Living Area: 139,397
Replacement Cost: $34,113,967
Building Percent Good: 95
Replacement Cost
Less Depreciation:
$32,408,300
Building Attributes
FieldDescription
TypeHealth Club
ModelCommercial
GradeExcellent
Stories3
Exterior Wall 1Brick
Exterior Wall 2Stone Venr
Roof StructureFlat
Roof CoverMembrane
Int Wall 1Drywall
Int Wall 2 
Int Floor 1Residential Carpet
Int Floor 2Hardwood
Heat FuelGas
Heat TypeWarm/Coolair
AC Percent100
Total Rooms0
Bedrooms0
Full Baths2
Half Baths12
FrameSteel
Plumbing 
PartitionTypical
Wall Height14.00
% Comn Wall0.00
Fireplace(s)1
Add Kit RatingAverage
Fireplace RatingVery Good
Kitchen RatingAverage
WS Flue RatingAverage
% Sprinkler100
ElectricTypical
WS Flues0
Heat Type 2 
Half Bath RatingExcellent
Living Units1
Total # Units1
InsulationTypical
Full Bath RatingNone
Kitchens1
Extra Kitchens2
Bsmt Garage0
FoundationSlab
Color 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFinished Upper Story 87,650 87,650
BASBase Floor 51,747 51,747
PTOPatio 58,068 0
   197,465 139,397

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELVPPassenger Elevator3.00 UNITS$306,8001
CLR1COMM COOLER96.00 S.F.$27,4001
OHDOverhead Door1.00 UNITS$1,3001
FZFreezer96.00 S.F.$30,1001
GENGenerator1.00 UNITS$17,1001
MNManual1.00 UNITS$65,1001
XFRSTRestaurant6938.00 UNITS$01

Land
Land Use
Use Code374C
DescriptionHEALTH-SPA  
ZoneM
Neighborhood190
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)9.15
Frontage
Depth
Total Market Land$5,569,700
Appraised Value$5,569,700

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SPL3GUINTE ING POOL  7600.00 S.F$820,8001
BNStg Bunker  336.00 S.F.$2,4001
LT1Light Single  1.00 UNITS$25,9001
LT2Light Double  8.00 UNITS$14,4001
SPL3GUINTE ING POOL  2870.00 S.F$372,0001
SPL3GUINTE ING POOL  6725.00 S.F$871,6001
SPL3GUINTE ING POOL  144.00 S.F$18,7001
SPL3GUINTE ING POOL  256.00 S.F$33,2001
SPL3GUINTE ING POOL  288.00 S.F$24,9001
FN3FENCE 6' CHAIN  56.00 L.F.$2,9001
SNSign  30.00 S.F.$1,6001
SPL3GUINTE ING POOL  2870.00 S.F$294,5001
PAV1PAVEMENT-ASPHALT  120000.00 S.F.$555,8001
Valuation History
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$31,161,200$447,800$3,038,700$5,304,200$39,951,900
2024$31,179,600$0$1,196,900$5,304,000$37,680,500
2023$33,803,700$0$1,208,000$4,821,900$39,833,600
2022$29,936,700$0$1,092,000$4,383,500$35,412,200

Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$31,161,200$447,800$3,038,700$5,304,200$39,951,900
2024$31,179,600$0$1,196,900$5,304,000$37,680,500
2023$33,803,700$0$1,208,000$4,821,900$39,833,600
2022$29,936,700$0$1,092,000$4,383,500$35,412,200

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