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Views: 60 DOM: 61 Updated: 11.02.24 Posted: 09.21.24 Status: Active

Summary

Price $3,506,560
Built/Renov 1949
Tenant KEDPLASMA
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corporate
Size/SF 34,357
Lease Start 11-01-2018
#Units 68
Price/SF $102.06
Expiration 10-31-2033
Tenant Type Medical/Health
NOI $262,992
R. Term 8.11
Ownership Fee Simple
Rent/SF $7.65
Increases 10.0%/5/yrs
Pop 5Mi 108,116
Lot/AC 0.29
Options 3/5yrs/10%
AHHI 5Mi $57,768

Lease Highlights

  • The tenant has 9 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
  • NN lease | Minimal landlord responsibilities 
  • Texas is an income tax free state
  • Corporate guaranteed lease

Location Description

KEDPLASMA is strategically located at the signalized, hard corner intersection of S Stanton Street and E Paisano Drive, with access to a combined daily traffic count of 37,200 vehicles. The property benefits from its proximity to Interstate 10, which sees 187,000 VPD, and is less than a five-minute drive from the University of Texas at El Paso and The Hospitals of Providence Memorial....

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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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