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Department Store Condo For Sale • 19,062 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 7531 | Retail | 19,062 SF | $3,035,500 USD | |
Sale NotesLocated 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+). |
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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+).
| Industry-Leading Biopharmaceutical Tenant |
| Net Lease with Corporate Guaranty & Annual Rent Increases |
| Biolife is located adjacent to a Walmart Supercenter that has 1.8M visits per year and an Aldi with 408,000 visits per year |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| St Louis Lambert International | 22 min | - | 15.2 mi |
Thomas Carr
CBRE
Thomas Carr
CBRE
