HC 29 DST OBD 2 – 1031 Exchange Net Lease Replacement Properties (2024)

HEALTHCARE PORTFOLIO DST OFFERING

Credit Tenants | Medical Offices | NNN | All-Cash

Offering Size: $14,956,000

Available for Section 1031 Exchange & Direct Investment. Four Springs Ten31 Xchange presents to qualified investors a portfolio of three single-tenant medical facilities located in UT and SC. The properties are leased to BioLife Plasma Services and BlueCross BlueShield of South Carolina.

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BioLife Plasma Servicesa leader in high-quality plasma collection, plays a pivotal role in producing vital plasma-based therapies. As a subsidiary of Baxalta Inc., it has the financial backing of Takeda Pharmaceutical, a global pharmaceutical giant ranked among the top 10 by size.

Global demand for plasma-derived therapies is increasing, driven by an aging population, clinical successes, and applications for widespread diseases and rare conditions. The US plasma industry has seen significant growth, with plasma collections growing at a ~9% annual rate from 2010 to 2022, and the number of collection centers more than doubling to over 1,100 by the start of 2023.

Despite advances in medical science, there is currently no synthetic substitute for human plasma, underscoring the critical importance of plasma donations for the production of plasma-derived therapies. United States Department of Homeland Security has plasma collection explicitly noted in the essential service criteria because of the lifesaving therapies many people rely on daily.

BlueCross and BlueShield of South Carolina (Doctors Care) opened in 1981 as the first minor emergency medical center in Columbia, S.C., offering urgent and family care services with flexible evening and weekend hours. All Doctors Care facilities have been accredited as Urgent Care Clinics by the Urgent Care Association of America after a rigorous review. This designation assures patients that Doctors Care provides a wide range of high-quality services, including X-rays and laboratory work, making them part of a select group of recognized facilities nationwide.

BCBS of South Carolina, is deeply committed to community service and health improvement initiatives across South Carolina. The company supports numerous local organizations and programs that address critical health issues such as hunger, homelessness, and access to care. BCBSSC also has strategic affiliations with major healthcare providers like Doctors Care and regional health systems. These partnerships enhance healthcare access and quality by providing coordinated care and reducing unnecessary emergency room visits. Doctors Care now operates more than 50 locations across South Carolina, establishing itself as the state’s largest urgent care provider.

Property 1
BCBS of South Carolina | 1748 St. Matthews Road, Orangeburg, SC 29118

Orangeburg MSA is a vibrant community in the central part of the state known for its rich history and diverse economic landscape. The economy of Orangeburg is supported by various sectors, including education, healthcare, manufacturing, and retail. The Orangeburg Metropolitan Statistical Area (MSA) benefits from its strategic location near major highways and ports, providing excellent logistical advantages for businesses.

Source: www.datausa.io, Orangeburg Chamber

Property 2
BCBS of South Carolina | 2410 Hoffmeyer Road, Florence, SC 29501

Florence MSA combines economic opportunity with a strong cultural heritage. The area is supported by growing healthcare and manufacturing sectors, affordable living costs, and proactive economic development initiatives. Florence has been recognized as one of America’s top cities for business relocation and expansion, with over $1 billion in capital investments in recent years.

The broader Florence MSA enhances the city’s economic and cultural significance. The MSA’s trade and transportation networks facilitate substantial interstate commerce, particularly with neighboring states like North Carolina and Georgia.

Source: www.datausa.io, Florence Chamber

Property 3
BioLife Plasma | 632 North 900 West Street, American Fork, UT 84003

American Fork is a city experiencing rapid growth and economic prosperity. It boasts a well-educated workforce, with 94.3% of adults holding high school degrees and 40.9% possessing bachelor’s degrees or higher. The median household income stands at $90,490, reflecting the city’s economic vitality and the relatively low unemployment rate of 2.8%.

American Fork supports a diverse economy where retail, professional services, healthcare, and education are prominent industries. The city’s commitment to business growth is highlighted by its ranking as one of the top small U.S. cities to start a business.

Source: www.datausa.io

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