202 Boatwright Ave - Medical FOR SALE


Danville, VA 24541
$2,859,899 USD
847-562-8500
202 Boatwright Ave, Danville, VA for Sale
$2,859,899 USD
Medical - FOR SALE
1/3
null | 8.09% Cap Rate

202 Boatwright Ave
Danville, VA 24541


HIGHLIGHTS

  • Early renewal execution through 2032 demonstrates commitment to the property
  • Biomat USA is a subsidiary of Grifols, a publicly traded global healthcare company (NASDAQ: GRFS)
  • Long term tenancy since 1999
  • Biomat USA expanded and renovated their space in 2017
  • Adjacent to Galileo Magnet High School
  • Minutes from Sovah Health Hospital (250-Bed) & Averett University (1,500 students)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property located in Danville, Virginia. Biomat USA has been operating at this location since 1999 and has executed numerous lease extensions, demonstrating their commitment to the site. The current lease runs through January 2032 and features 2% annual rental escalations throughout the remaining term, along with one 5-year renewal option. The subject offering includes an adjacent parcel of land that Biomat USA utilizes for overflow parking. The parking lot lease features 3% annual rental escalations and runs concurrently with any extensions or renewals of the building lease. The 9,840 square-foot building benefits from its position just off of Main Street. The subject is placed adjacent to Galileo Magnet High School and less than one mile from the 250-bed Sovah Health Hospital. It is also close to Averett University, enhancing its appeal. Biomat is within proximity to all of the area’s major thoroughfares including Central Boulevard (31,000 VPD), Riverside Drive (27,000 VPD), and The Danville Expressway (22,000 VPD). There are over 48,500 people living within a five-mile radius that earn an average household income of $61,800. BioMat USA, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Founded in 1909, the company is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma.

FOR SALE DETAILS

PRICE

$2,859,899 USD

PRICE/SF

$291 USD /SF

CAP RATE

8.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biomat USA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

CENTRAL BU

APN/PARCEL ID

25171

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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