Biomat USA

4020 North 19th Avenue, Phoenix, AZ 85015

$2,446,667

Cap Rate 7.50%

Views: 60 DOM: 43 Updated: 10.09.24 Posted: 10.09.24 Status: Active

Summary

Price $2,446,667	Built/Renov 2008	Tenant Biomat USA
Cap Rate 7.50%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 8,615	Lease Start 04-01-2017	#Units 296
Price/SF $284.00	Expiration 03-31-2027	Tenant Type Medical/Health
NOI $183,500	R. Term 2.4	Ownership Fee Simple
Rent/SF $21.30	Increases 0.0%/1/yrs	Pop 5Mi 499,769
Lot/AC 0.48	Options 1/3yrs	AHHI 5Mi $81,465

Gary Berwick

Sands Investment Group

Contact

Lease Highlights

Biomat USA has been operating in this location since 1992
The tenant has 2+ years remaining on the current lease term with 1 (3-year) option to extend
The lease features rent increases annually in accordance with current CPI Index of All-Urban Wage Index
Favorable NN+ lease with landlord responsible for structure
Corporate guaranteed lease (NASDAQ: GRFS)

Location Description

Biomat USA is strategically located at the hard corner intersection of North 19th Avenue and West Amelia Avenue, with access to a combined daily traffic count of 25,947 vehicles. The property is conveniently situated between Piestewa Freeway and the Arizona Veterans Highway. It is approximately three miles from Grand Canyon University, and Phoenix Sky Harbor International Airport and St....

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Key Features

Hard corner intersection
In location for years
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Biomat USA Wikipedia Phoeniz, Arizona Zip Code 85015 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Biomat USA
Guarantor:Corp T and Rated
Company:Grifols, SA
# Units:296
Tenant S&P: B
Stock: NASDAQ: GRFS

About Tenant

Biomat USA specializes in the collection of plasma to create life-saving plasma-derived medicines. Biomat operates plasma donation centers where donors contribute plasma, which is later...

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Listing Broker

Gary Berwick

Sands Investment Group

Contact

1 Listings
61 Views
0 Sold

Gary Berwick

Self-starting commercial and investment real estate professional with a rich history across acquisitions & dispositions, property sales, running/closing deals, and lease administration. Possess a keen attention to detail with the ability to head site selection and effectively conduct investment, financial, feasibility, and cost of occupancy analysis. Go-to leader with both independent and collaborative approaches to site selection, marketing, and prospecting initiatives. Excellent interpers

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