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7521-7531 Watson Rd - BioLife Plasma Services: St. Louis, MO 19,062 SF Retail Condo Unit Offered at $3,035,500 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
Property Facts
| 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 |
1 Unit Available
Unit 7531
| Unit Size | 19,062 SF | Cap Rate | 7.50% |
| Price | $3,035,500 | NOI | $227,662.50 |
| Price Per SF | $159.24 | No. Parking Spaces | 60 |
| Condo Use | Retail | APN/Parcel ID | 24J-44-0298 |
| Sale Type | Investment |
| Unit Size | 19,062 SF |
| Price | $3,035,500 |
| Price Per SF | $159.24 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $227,662.50 |
| 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 3.9 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+).
Nearby Major Retailers
Contacts
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Thomas Carr -
Chase Young -
Blake Berg -
Christopher Bosworth -
Brian Pfohl -
Ty Grenier -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
CBRE
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7521-7531 Watson Rd - BioLife Plasma Services: St. Louis, MO
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