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net lease Biolife

Net Lease BioLife Plasma Portfolio Sale Arranged

Date October 23, 2018

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a two single tenant net lease BioLife Plasma property located at 6380 Village View Drive in West Des Moines, Iowa for $8,758,000 and 540 Pleasant Grove Road in Mount Juliet, Tennessee for $7,569,000.

Both net lease Biolife properties are newly constructed and feature absolute triple net leases. There are approximately 14 years remaining on the leases with rental escalations every five years and four 5-year renewal options. The leases are guaranteed by Baxalta which is investment grade (Moody’s: Baa3).

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based investment fund and the buyer was a West Coast based real estate fund.

“Medical related properties featuring long term leases with multiple rental escalations continue to be highly sought after amongst the investor community as they provide an inflationary hedge” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “We are seeing many investors turn their attention toward medical properties as they are resistant to e-commerce.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $5 billion of single tenant net lease real estate transactions. From 2012-2017, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com