Office•Office Building•For Sale
Grifols Biomat USA Plasma Center
7150 El Cajon Boulevard, San Diego, California 92115
The Subject property includes a 22,689 SF medical office building occupied with a long term corporate secured lease by Grifols Biomat USA Blood Plasma Center. The current lease expiration is March 31, 2023, with two additional five-year extensions running until 2033. This tenant has been in this property since 2008 and has invested $2,700,00 to improve the property.
Grifols Biomat USA is an $18.5 billion multinational specialty biopharmaceutical company trading on the NASDAQ as GRFS & BMAD-GRF. Ranked as 1,122 on Forbes list of the largest global 2,000 companies, In 2017, Grifols generated $4.32 billion in revenues in and currently has the second most plasma centers in the United States.
Plasma is used to create therapies treating a variety of conditions & diseases, donating is often refereed to as the "gift of life." Over 64% of the Worlds plasma comes from the U.S. and is only expected to increase as the blood plasma industry is expanding. Due to the limitations of licensing, it is becoming more difficult to find suitable locations for the development of new blood plasma centers.
This incredible investment parcel is located on the busy road of El Cajon Blvd less than one mile south of I-8. This property is surrounded by a residential community with a plethora of commercial tenants nearby.
- CORPORATE LEASE
- Secured by Grifols (NASDAQ-GRFS & BMAD-GRF)
- $400,996± Net Operating Income (3% Annual Increase)
- Rent $39,028/month - $468,330 Annual (Gross Lease)
4/15/2019 6:32:42 PM
6/20/2019 6:25:36 PM