Top1031

Tanasbourne Super-Sport (24 Hour Fitness)

Net lease property in Beaverton, OR · sponsored by Thompson National Properties

HistoricalA sale in Dec 2019, reported by bhhsrep.com · last Form D Jul 19, 2011bhhsrep.com (opens in a new tab)

Tanasbourne Super-Sport (24 Hour Fitness) was a DST sponsored by Thompson National Properties that owned a net lease property in Beaverton, OR. A sale in Dec 2019, reported by bhhsrep.com.

How it ended

No public outcome found

A sale in Dec 2019, reported by bhhsrep.com.

Date
Dec 2, 2019

Source: bhhsrep.com (opens in a new tab)

Key facts

Minimum investment
$66,214
From the Form D
Offering size
$5,520,000
Equity offered, per the Form D
Sold
37.8%
Form D, Jul 19, 2011; the % is our arithmetic
Investors reported
13
Form D, Jul 19, 2011
Selling commissions
$386,400 · 7.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Tanasbourne Super-Sport (24 Hour Fitness). Top1031 is not a broker-dealer.

What did the Trust own?

The building is a 32,766-square-foot single-tenant retail and health-club property in Beaverton's Tanasbourne retail submarket. 5 Neither the Form D filings nor the marketing material located in research states what the Trust paid for it or when the purchase closed. A public property-history page for the address reports a June 28, 2011 grant-deed transfer at $13,000,000 and a December 2, 2019 transfer at $14,606,754, naming neither the Trust nor any counterparty. 6

Reported location
Beaverton, OR

Tenant and lease terms are not in the SEC filings or cited sources.

How was it financed, and what did it cost to sell?

Leverage here is unknown: no filing or record located identifies mortgage debt, a lender, or loan terms for this property, so whether the Trust used a loan or bought all-cash is unresolved in the public record.

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.

Costs and terms from the Form D

Selling commissions
$386,400 · 7.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$931,200 · 16.8% of offering
Form D Item 16
Broker-dealers named in the Form D
7 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jul 14, 2011
Minimum investment
$66,214

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

The initial Form D stated that a first sale had not yet occurred; the single amendment that followed six weeks later reported both sales and unsold interests. 2 Nothing has been filed since — no further amendment and no termination notice on the record.

Legal Trust name
TNP 1265 NW Waterhouse Ave, DST
SEC CIK
1518160
First Form D
Jun 2, 2011
Latest Form D
Jul 19, 2011
Filings on record
2
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$5,520,000
$2,090,242+$2,090,242
13
EDGAR
Form D$5,520,000
$0
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

What happened to Tanasbourne Super-Sport (24 Hour Fitness)?
Tanasbourne Super-Sport (24 Hour Fitness) is a Historical offering. A sale in Dec 2019, reported by bhhsrep.com.
What exactly is the underlying property?
A single-tenant gym building at 1265 NW Waterhouse Avenue in the Tanasbourne retail submarket of Beaverton, Oregon. A LoopNet property record for that exact address describes a 32,766-square-foot retail/health-club building occupied by a single tenant, and 24 Hour Fitness lists the location as its Tanasbourne Super-Sport club.
Does the Trust still own the building?
That is unresolved. A LoopNet listing presented by Marcus & Millichap shows the exact address marketed for sale, on market since June 5, 2025 and last updated July 15, 2026, but a marketing listing does not prove a sale closed or identify the current owner. No deed located in research names the Trust as owner or seller.
Who was the sponsor?
Thompson National Properties, LLC, an Irvine, California firm named as promoter in the Trust's Form D. Top1031 tracks multiple offerings tied to that sponsor name, none of them currently raising. No dated news coverage specifically naming this Trust was located beyond filing trackers and custodian references.

In the news

Sources

Show sources (11)Hide sources (11)

These links support the record as a whole; individual details may come from different sources.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.