478 S Martin St - Medical FOR SALE


Longmont, CO 80501
$8,790,000 USD
312-887-1007
478 S Martin St, Longmont, CO for Sale
$8,790,000 USD
Medical - FOR SALE
1/6
null | 6.75% Cap Rate

478 S Martin St
Longmont, CO 80501


HIGHLIGHTS

  • 1. Absolute Net Lease — Zero Landlord Responsibilities True passive, bond-like income stream
  • 2. Investment-Grade Tenant — Backed by Takeda (NYSE: TAK) BioLife Plasma Services is a wholly-owned subsidiary of Takeda Pharmaceutical.
  • 3. Largest National Plasma Services Operator - BioLife operates more than 200 plasma collection centers across North America
  • 4. Long-Term Operating History — Tenant In Place Since 2015 BioLife has continuously operated at this location for 10+ years
  • 5. Recession-Resistant, Needs-Based Healthcare Use - Plasma collection is a non-discretionary, FDA-regulated medical use
  • 9. Functional 3-Acre Site with 124 Parking Stalls Generously sized parcel with parking ratios well above retail/medical norms

OVERVIEW

Riverwest Real Estate Group is pleased to present the exclusive sale of a 16,694 SF BioLife Plasma Services facility on 3 acres at 478 S. Martin Street in Longmont, Colorado. The property is leased on an absolute net basis with zero landlord responsibilities, providing a true passive, bond-like income stream. BioLife — a wholly-owned subsidiary of Takeda Pharmaceutical (NYSE: TAK) and the largest national plasma collection operator with 200+ locations — has been in occupancy since 2015, demonstrating a 10+ year operating history at this location. The lease, guaranteed by investment-grade Baxalta, Inc., has 4.5 years remaining on the base term, features 3% rent escalations every three years (next bump October 2027), and includes three 5-year renewal options. The purpose-built, all-brick 2015-construction facility includes specialized labs, medical rooms, and 124 parking stalls supporting BioLife's high-volume donor model. Strategically positioned in the high-growth Denver/Boulder MSA along the US-287 corridor at the signalized intersection of Ken Pratt Blvd & S. Martin Rd. (58,693 VPD combined).

FOR SALE DETAILS

PRICE

$8,790,000 USD

PRICE/SF

$527 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biolife Plasma Services

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

MU-R

APN/PARCEL ID

1315112-01-003

ASK ABOUT THIS PROPERTY

Jason CaplanRiverwest Real Estate GroupMore Info
312-887-1007

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Jason CaplanRiverwest Real Estate GroupMore Info
312-887-1007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.