Biomat USA | 1841 N Jupiter Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Biomat USA 1841 N Jupiter Rd
13,858 SF Office Building Garland, TX 75042 $5,410,003 CAD ($390 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Positioned within the Dallas MSA – Ranked #4 in the United States for population size
- NNN – No landlord responsibilities
- Located near the intersection of North Jupiter Road (34,500 VPD) & Buckingham Road (31,400 VPD)
- Significant 3% annual rental escalations
- Over 382,500 people live within a five-mile radius
- Neighboring retailers include The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, & Medical City ER Garland
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property positioned within the Dallas MSA in Garland, Texas. Biomat USA has been operating at this location since 2017 when they signed a 10-year lease. The current lease runs through August 2027 and features significant 3% annual rental escalations throughout the remaining term, along with three 5-year renewal options. The lease is triple net and features no landlord responsibilities. Additionally, Texas is an income tax free state.
The 13,858-square-foot building benefits from its location just off the intersection of North Jupiter Road and Buckingham Road, which together experience over 65,900 vehicles per day. Several nationally recognized tenants occupy the same intersection, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. Additionally, the property is less than one mile from LV Berkner High School STEM Academy, which serves 2,700 students. Garland is a suburb located 16 miles northeast of Dallas, one of the largest metros in the United States. There are over 382,500 residents within a five-mile radius. The average household income in this area is a six-figure amount of $107,607.
BioMat USA, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Founded in 1909, the company is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma.
The 13,858-square-foot building benefits from its location just off the intersection of North Jupiter Road and Buckingham Road, which together experience over 65,900 vehicles per day. Several nationally recognized tenants occupy the same intersection, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. Additionally, the property is less than one mile from LV Berkner High School STEM Academy, which serves 2,700 students. Garland is a suburb located 16 miles northeast of Dallas, one of the largest metros in the United States. There are over 382,500 residents within a five-mile radius. The average household income in this area is a six-figure amount of $107,607.
BioMat USA, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Founded in 1909, the company is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
13,858 SF
Building Class
C
Year Built
1987
Price
$5,410,003 CAD
Price Per SF
$390 CAD
Cap Rate
8%
NOI
$432,800 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,858 SF
Building FAR
0.14
Lot Size
2.24 AC
Zoning
SCA
Parking
50 Spaces (3.61 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 of 1
PROPERTY TAXES
Parcel Number | 26054550010030000 | Improvements Assessment | $1,785,198 CAD |
Land Assessment | $834,472 CAD | Total Assessment | $2,619,670 CAD |
PROPERTY TAXES
Parcel Number
26054550010030000
Land Assessment
$834,472 CAD
Improvements Assessment
$1,785,198 CAD
Total Assessment
$2,619,670 CAD
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Biomat USA | 1841 N Jupiter Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.