Log In/Sign Up
Your email has been sent.
7521-7531 Watson Rd - BioLife Plasma Services: St. Louis, MO 19,062 SF Retail Condo Unit Offered at $2,937,600 in Saint Louis, MO 63119
Investment Highlights
- Industry-Leading Biopharmaceutical Tenant
- Biolife is located adjacent to a Walmart Supercenter that has 1.8M visits per year and an Aldi with 408,000 visits per year
- Net Lease with Corporate Guaranty & Annual Rent Increases
Executive Summary
Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.9 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 60 |
| Cap Rate | 7.75% | APN/Parcel ID | 24J-44-0298 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| No. Parking Spaces | 60 |
| APN/Parcel ID | 24J-44-0298 |
Sale Notes
Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.7 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 7531 | 19,062 SF | Retail | $2,937,600 ($154.11/SF) | $227,662.50 |
Unit 7531
| Unit Size |
| 19,062 SF |
| Condo Use |
| Retail |
| Price |
| $2,937,600 ($154.11/SF) |
| NOI |
| $227,662.50 |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 7531
| Unit Size | 19,062 SF |
| Condo Use | Retail |
| Price | $2,937,600 ($154.11/SF) |
| NOI | $227,662.50 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| No. Parking Spaces | 60 |
| APN/Parcel ID | 24J-44-0298 |
| Sale Notes | |
| Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.7 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 19,062 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 19,062 SF |
| Property Subtype | Department Store | Year Built | 2016 |
| Building Class | C | Lot Size | 1.87 AC |
| Zoning | C-1 | ||
| Total Building Size | 19,062 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Department Store |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 19,062 SF |
| Year Built | 2016 |
| Lot Size | 1.87 AC |
| Zoning | C-1 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
Thomas Carr -
Chase Young -
Blake Berg -
Christopher Bosworth -
Brian Pfohl -
Ty Grenier -
Leah Lindell -
Abby Kelly -
Katie Goldberg -
CBRE
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7521-7531 Watson Rd - BioLife Plasma Services: St. Louis, MO
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.