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Views: 62 DOM: 54 Updated: 11.02.24 Posted: 09.21.24 Status: Active

Summary

Price $4,500,664
Built/Renov 1942
Tenant KEDPLASMA
Cap Rate 7.25%
Lease Type Double NN
Guarantor Corporate
Size/SF 16,357
Lease Start 05-01-2017
#Units 68
Price/SF $275.15
Expiration 04-30-2032
Tenant Type Medical/Health
NOI $326,298
R. Term 7.5
Ownership Fee Simple
Rent/SF $19.95
Increases 10.0%/5/yrs
Pop 5Mi 202,815
Lot/AC 1.20
Options 4/5yrs/10%
AHHI 5Mi $80,813

Lease Highlights

  • The tenant has 7+ years remaining on the primary lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Florida is an income tax free state
  • Corporate guaranteed lease

Location Description

KEDPLASMA is strategically located at the signalized, hard corner intersection of 9th Street and 9th Avenue, with access to a combined daily traffic count of 32,000 vehicles. The property is positioned near Tamiami Trail, a major thoroughfare in Florida with over 62,500 VPD, and is less than one mile southwest of Manatee Memorial Hospital. Key landmarks in the vicinity include The Bishop...

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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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