Offering Summary
| Price | $3,267,000 |
| Current Net Operating Income | $236,879 |
| Cap Rate | 7.25% |
| Gross Leasable Area (GLA) | 14,554 |
| Price / SF | $224.47 |
| Rent / SF | $16.28 |
| Down Payment | $1,143,450 |
| Cash on Cash Return | 8.33% |
| Year Built | 2006 |
| Lot Size | 1 Acre |
Tenant Summary
Grifols, S.A. is a Spanish multinational pharmaceutical and chemical company. Principally a producer of blood plasma-based products, a field in which it is the European leader and largest worldwide, the company also supplies devices, instruments and reagents for clinical testing laboratories.
Grifols is the major world supplier of IVIG, albumin, Factor VIII and other plasma-derived products.
In 2007, the company had 3.6 million litres per year of blood fractionation capacity from three plants, one at Parets del Vallès near Barcelona in Spain (2.1 million litres per year), another in Los Angeles (1.5 million litres but being expanded to 2.2 million litres), and a site in Clayton, NC. In the United States the company owns 150+ plasmapheresis centres, where it collects around 5.8 million litres of plasma per year.
Annualized Operating Data
| Tenant | Biomat USA, Inc. (Griffols, S.A.) |
| Credit Rating | BB (Griffols, S.A.) |
| Lease Type | Triple Net (NNN) |
| Lease Commencement | 1-Apr-06 |
| Lease Expiration | 31-May-26 |
| Lease Term Remaining | 10 Years |
| Options | None |
| Number of Locations | 150+ Nationwide |
| Web Site | www.grifolsplasma.com/en/web/plasma/home |
| Exchange / Ticker | GRFS (Griffols, S.A.) |
Investment Overview
10 year NNN plasma collection facility. Tenant is currently spending $1.8M-$2M to expand operations at the property. Tenant is a subsidiary of a $20B+ International pharmaceutical company.
Investment Highlights
- 10 Year NNN Plasma Collection Facility
- Tenant is Currently Spending $1.8M-$2M to Expand Operations at the Property
- Tenant is a Subsidiary of a $20B+ International Pharmaceutical Company
Financing
| Lender/Servicer | N/A |
| Loan Type | Proposed New |
Demographics
| 1 Mile | 3 Miles | 5 MIles | |
| 2010 Population | 14,275 | 86,926 | 180,330 |
| 2010 Households | 5,065 | 33,632 | 71,278 |
| Average HH Income | $38,675 | $44,456 | $54,637 |
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