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Views: 145 DOM: 281 Updated: 09.29.24 Posted: 02.06.24 Status: Active

Summary

Price $3,663,241
Built/Renov 1999/2021
Tenant Octapharma
Cap Rate 7.25%
Lease Type NN+
Guarantor Corporate
Size/SF 13,346
Lease Start 12-23-2019
#Units 184
Price/SF $274.48
Expiration 12-31-2029
Tenant Type Medical/Health
NOI $265,585
R. Term 5.1
Ownership Fee Simple
Rent/SF $19.90
Increases 6.7%/1/yrs
Pop 5Mi 428,938
Lot/AC 1.16
Options 3/5yrs/10%
AHHI 5Mi $104,182

Lease Highlights

  • Octapharma has 5+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features varying rental increases starting in January 2025 and at the beginning of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Octapharma is strategically located at the signalized, hard corner intersection of SE Powell Blvd, a major thoroughfare, and SE 122nd Ave, with a combined daily traffic count of 68,500 vehicles. The property is located across SE Powell Blvd from Powell Villa, a shopping center that features national/credit tenants including Dollar Tree, 7-Eleven, and AutoZone. Furthermore, it is situated less...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Octapharma
  • Guarantor:Corporate
  • Company:Octapharma AG
  • # Units:184
  • Stock:Private

About Tenant

Octapharma AG is the largest privately owned and independent human protein manufacturer in the world. Octapharma Plasma, Inc. collects, tests, and supplies human blood plasma for manufacture into...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 28,142 176,318 430,100
2023 Total Population : 28,563 177,976 431,395
2023 Employed Civilian Pop : 14,625 89,856 229,484
2023 Total Businesses : 521 4,839 13,972
2023 Average Household Income : $ 81,233 $ 88,231 $ 104,485
2023 Total Consumer Spending : $ 670 M $ 4967 M $ 14952 M
2023 Median Age : 34 37 38
2023 Total Households : 9,537 65,089 166,240
2023 Pop Age 25+: Bachelor's Degree : 2,628 25,924 79,347
2023 Average Home Value : $ 444,045 $ 478,453 $ 529,944
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Southeast Powell Boulevard SE 112th Ave 2021 20,757 0.02 mi
Southeast Powell Boulevard SE 123rd Ave 2020 18,717 0.02 mi
Southeast Powell Boulevard SE 122nd Ave 2020 14,152 0.05 mi
SE 122nd Ave SE Powell Blvd 2004 22,746 0.06 mi
SE Kelly St SE 122nd Ave 2008 228 0.12 mi
SE 122nd Ave SE Kelly St 2013 22,629 0.14 mi
SE 122nd Ave SE Rhone St 2018 28,910 0.15 mi
SE 119th Ave SE Powell Blvd 2013 677 0.18 mi
SE 119th Ave SE Rhone St 2017 408 0.19 mi
SE Tibbetts St SE 122nd Ave 2008 198 0.19 mi

Listing Broker

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