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Pair of BioLife Plasma Locations Trades for $16M

The Boulder Group has completed the sale of a two-property portfolio of BioLife Plasma locations in West Des Moines, IA and Mount Juliet, TN for a total of $16.3 million. The seller was a Midwest-based investment fund and the buyer was a West Coast-based real estate fund.

Both net-leased 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 five-year renewal options. The leases are guaranteed by Baxalta, an investment-grade credit.

“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 Boulder Group president Randy Blankstein.

Added Jimmy Goodman, partner of The Boulder Group, “We are seeing many investors turn their attention toward medical properties, as they are resistant to e-commerce.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition