loader
Join Free
Views: 65 DOM: 63 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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity