Log In/Sign Up
Your email has been sent.
478 S Martin St
Longmont, CO 80501
Biolife Plasma Services · Office Property For Sale
Investment Highlights
- 1. Absolute Net Lease — Zero Landlord Responsibilities True passive, bond-like income stream
- 3. Largest National Plasma Services Operator - BioLife operates more than 200 plasma collection centers across North America
- 5. Recession-Resistant, Needs-Based Healthcare Use - Plasma collection is a non-discretionary, FDA-regulated medical use
- 2. Investment-Grade Tenant — Backed by Takeda (NYSE: TAK) BioLife Plasma Services is a wholly-owned subsidiary of Takeda Pharmaceutical.
- 4. Long-Term Operating History — Tenant In Place Since 2015 BioLife has continuously operated at this location for 10+ years
- 9. Functional 3-Acre Site with 124 Parking Stalls Generously sized parcel with parking ratios well above retail/medical norms
Executive Summary
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).
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
16,694 SF
Building Class
A
Year Built
2015
Price
$8,790,000
Price Per SF
$526.54
Cap Rate
6.75%
NOI
$593,471
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,694 SF
Building FAR
0.13
Lot Size
3.00 AC
Zoning
MU-R - Mixed-Use Regional Center
Parking
124 Spaces (7.43 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1315112-01-003 | Improvements Assessment | $958,150 |
| Land Assessment | $323,425 | Total Assessment | $1,281,575 |
Property Taxes
Parcel Number
1315112-01-003
Land Assessment
$323,425
Improvements Assessment
$958,150
Total Assessment
$1,281,575
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
