By MICHAL KITCH, LACONIA DAILY SUN
LACONIA — The Laconia Athletic and Swim Club has been acquired by Charlie Mabardy, president and chief executive officer of Mabardy Oil Inc. of Seabrook, who is a distributor of gas and diesel fuel and owns and operates a stable of service stations, convenience stores and car washes on the Seacoast as well as the Health Club of Concord.
Mabardy, doing business as 827 Main Street, LLC, purchased the once popular health club from ReadyCap Lending, LLC of Providence, New Jersey, which held the mortgage on the property, for $575,000. Mabardy is on vacation and was not available for comment.
The 24,887-square-foot building, with 18,075 square feet of usable space, including a pool, on three floors sits on a 1.15-acre lot and is assessed by the city for $1,193,100, of which $1,103,300 represents the value of the building itself.
In 1991, Tom and Lori Oakley acquired the building, which since it was built in 1962 housed the YMCA, and operated the facility very successfully for nearly a quarter of a century. However, in 2015 several factors combined to compel them to shutter the club. They were denied a federal loan for improvements to increase energy efficiency and reduce energy costs. Their primary mortgage holder filed for bankruptcy, hindering their efforts to refinance the operation. Creditors filed suit and, as the Oakley's struggled to trim costs, membership dwindled. In 2015, the day after Thanksgiving, the club closed.
After spending several months of seeking partners, the property was put up for auction in February 2016, but the auctioneer failed to appear. At a second auction in April, Optiline Enterprises of Hudson placed the only bid of $735,000, but the transaction never closed.
The Laconia Athletic and Swim Club property has sold to a Seabrook man for $575,000. (Adam Drapcho/Laconia Daily Sun)
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