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Views: 53 DOM: 54 Updated: 11.02.24 Posted: 09.21.24 Status: Active

Summary

Price $3,403,632
Built/Renov 1955
Tenant KEDPLASMA
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 16,800
Lease Start 07-01-2017
#Units 68
Price/SF $202.60
Expiration 06-30-2032
Tenant Type Medical/Health
NOI $272,291
R. Term 7.7
Ownership Fee Simple
Rent/SF $16.21
Increases 10.0%/5/yrs
Pop 5Mi 35,849
Lot/AC 1.36
Options 4/5yrs/10%
AHHI 5Mi $60,796

Lease Highlights

  • The tenant has 7+ years remaining on the primary lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • E-commerce resistant & essential business
  • Corporate guaranteed lease

Location Description

KEDPLASMA is strategically located on 18th Avenue, with access to 6,400 vehicles passing by daily. The property is situated just three blocks south of Anderson Regional Medical Center and Ochsner Rush Medical Center, offering excellent visibility and accessibility. Additionally, it benefits from convenient access to Interstate 20, which sees 40,000 VPD. The immediate area features prominent...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: KEDPLASMA
  • Guarantor:Corporate
  • Company:Kedrion Biopharma
  • # Units:68
  • Stock:Private

About Tenant

KEDPLASMA USA is a healthcare company that specializes in the collection of high-quality blood plasma, which is used to manufacture therapies for patients with rare and chronic diseases. Plasma...


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Listing Broker

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