Sammamish Club goes up for auction
June 26, 2012
A Los Angeles-based commercial real estate company plans to auction the Sammamish Club fitness and tennis facility at the base of Cougar Mountain next month.
CBRE Auction Services is putting the property up for auction July 26. The opening bid for the Sammamish Club is $2.5 million and bidders must put down a $150,000 deposit.
The property consists of adjoining structures — a 24,000-square-foot indoor tennis facility built in 1978 and a 48,148-square-foot fitness facility built in 1999 — on 4.46 acres visible from Interstate 90 and Newport Way Northwest.
The land is inside the area targeted for long-term redevelopment in the Central Issaquah Plan, a sweeping proposal to transform the area into a pedestrian-friendly, mixed-use neighborhood. The seller touted the redevelopment opportunity in information about the auction.
The fitness facility includes a 25-yard enclosed swimming pool, spa and massage facilities, aerobic and training studios, and other amenities.