416 18th Ave - Medical FOR SALE


Meridian, MS 39301
$3,403,632 USD
847-562-8500
416 18th Ave, Meridian, MS for Sale
$3,403,632 USD
Medical - FOR SALE
1/4
null | 8% Cap Rate

416 18th Ave
Meridian, MS 39301


HIGHLIGHTS

  • 7+ years remain on the primary lease term
  • 10% rental escalations every five years
  • Three blocks south of Anderson Regional Medical Center (260-Bed) & Oscher Rush Medical Center (215-Bed)
  • Minutes from Interstate 20 (40,000 VPD)
  • Proximity to several retail center with tenants Lowe’s, Walmart, Sam’s Club, Belk, Dillard’s, Hobby Lobby, Hibbett Sports, T.J. Maxx, & Chick-Fil-A
  • Over 35,800 people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property located in Meridian, Mississippi. The tenant began occupying the space in 2017 with a 15-year lease that runs through June 2032. The subject lease contains 10% rental escalations throughout the primary term and four 5-year renewal options. The lease also features a corporate guaranty from Grifols. The 16,800 square-foot building benefits from its position along 18th Avenue. The subject is situated just three blocks south of both Anderson Regional Medical Center, a 260-bed facility, and Oscher Rush Medical Center, a 215-bed facility. The location also features convenient access to Interstate 20, which sees a traffic volume of 40,000 vehicles per day. There are a number of nearby retail centers featuring major tenants such as Lowe’s, Walmart, Sam’s Club, Belk, Dillard’s, Hobby Lobby, Hibbett Sports, T.J. Maxx, and Chick-Fil-A. Additionally, the surrounding community is home to over 35,800 residents within a five-mile radius. 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

$3,403,632 USD

PRICE/SF

$203 USD /SF

CAP RATE

8%

% 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

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

084-18-1-3486-010-00100

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.