Single-Tenant Office Medical

Biomat

336 E 2nd St, Calexico, CA 92231

Listing Price: $2,934,661

Cap Rate
5.75%
Years Remaining On Lease
9.60
Gross SF
13,514
Rentable SF
13,514
Price/Gross SF
$217.16
Lease Type
Double Net
Rent Per Square Feet
$12.49

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Biomat located at 336 E 2nd St in Calexico, TX. The offering consists of 13,514 square feet of building space sitting atop an estimated 0.33 acres of land. The current estimated net operating income for the property is $168,743. The lease features a corporate tenant in Biomat USA, Inc and varying rental increases in years four and seven. There are currently more than nice years remaining on the base lease term as well as three (3), five (5)-year option periods, each featuring rental increases of 3.00% annually.

Investment Highlights

  • Nearly 10 Years Remaining on Initial Base Term
  • Very Attractive Rental Increase of 15%Coming Up In Year Four
  • Double Net (NN) Lease with Minimal Landlord Responsibilities

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Single-Tenant Office Medical

Biomat

Listing Price: $2,934,661

Cap Rate
5.75%
Years Remaining On Lease
9.60
Gross SF
13,514
Rentable SF
13,514
Price/Gross SF
$217.16
Lease Type
Double Net
Rent Per Square Feet
$12.49

Investment Highlights

  • Nearly 10 Years Remaining on Initial Base Term
  • Very Attractive Rental Increase of 15%Coming Up In Year Four
  • Double Net (NN) Lease with Minimal Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Biomat located at 336 E 2nd St in Calexico, TX. The offering consists of 13,514 square feet of building space sitting atop an estimated 0.33 acres of land. The current estimated net operating income for the property is $168,743. The lease features a corporate tenant in Biomat USA, Inc and varying rental increases in years four and seven. There are currently more than nice years remaining on the base lease term as well as three (3), five (5)-year option periods, each featuring rental increases of 3.00% annually.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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