202 Boatwright Ave
Danville, VA 24541

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property located in Danville, Virginia. Biomat USA has been operating at this location since 1999 and has executed numerous lease extensions, demonstrating their commitment to the site. The current lease runs through January 2032 and features 2% annual rental escalations throughout the remaining term, along with one 5-year renewal option. The subject offering includes an adjacent parcel of land that Biomat USA utilizes for overflow parking. The parking lot lease features 3% annual rental escalations and runs concurrently with any extensions or renewals of the building lease.
The 9,840 square-foot building benefits from its position just off of Main Street. The subject is placed adjacent to Galileo Magnet High School and less than one mile from the 250-bed Sovah Health Hospital. It is also close to Averett University, enhancing its appeal. Biomat is within proximity to all of the area’s major thoroughfares including Central Boulevard (31,000 VPD), Riverside Drive (27,000 VPD), and The Danville Expressway (22,000 VPD). There are over 48,500 people living within a five-mile radius that earn an average household income of $61,800.
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.