350 S Adams St - Medical FOR SALE


Eagle Pass, TX 78852
$3,648,208 USD
847-562-8500
350 S Adams St, Eagle Pass, TX for Sale
$3,648,208 USD
Medical - FOR SALE
1/3
null | 8.15% Cap Rate

350 S Adams St
Eagle Pass, TX 78852


HIGHLIGHTS

  • Recent renewal execution through 2028 demonstrates commitment
  • Biomat USA is a subsidiary of Grifols, a publicly traded global healthcare company (NASDAQ: GRFS)
  • Within walking distance from the Eagle Pass International Bridge – 4 million border crossings annually
  • A five-minute drive west of Walmart, Lowe’s, & Mall de las Aguilas - the area’s major retail destination
  • 48,100 people live within a five-mile radius
  • Nearby retailers include H-E-B, Burlington, Hibbett Sports, Ross, Cinemark, Kohl’s, JCPenney, Planet Fitness, Starbucks, Chick-Fil-A, Whataburger

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property located in Eagle Pass, Texas. Biomat USA has been operating at this location since 2013 and has executed numerous lease extensions, demonstrating their commitment to the site. The current lease runs through March 2028 and features 1.5% annual rental escalations throughout the remaining term, along with two 5-year renewal options. The lease also features a corporate guaranty from Grifols. The 11,422-square-foot building benefits from its proximity to East Garrison Street (14,200 VPD), which connects to the Eagle Pass International Bridge, experiencing over 4 million border crossings annually from Mexico to the United States. Additionally, the subject property is located less than a five-minute drive west of the area’s main retail corridor. This corridor is home to nationally recognized tenants, including Walmart Supercenter, Lowe’s Home Improvement, H-E-B, Kohl’s, and many others. Mall de las Aguilas, situated within this corridor, features Burlington, Hibbett Sports, Ross, Cinemark, Kohl’s, JCPenney, and Planet Fitness. Over 48,100 people live within a five-mile radius, earning an average household income of $66,672. 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

$3,648,208 USD

PRICE/SF

$160 USD /SF

CAP RATE

8.15%

% 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

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,646 SF

ZONING

Commercial

APN/PARCEL ID

8709577

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.