1902 N Sheridan Rd - Medical FOR SALE


Peoria, IL 61604
$3,269,185 USD
847-562-8500
1902 N Sheridan Rd, Peoria, IL for Sale
$3,269,185 USD
Medical - FOR SALE
1/4
null | 8.25% Cap Rate

1902 N Sheridan Rd
Peoria, IL 61604


HIGHLIGHTS

  • New ground up construction completed in 2016
  • Immediate access to Interstate 74 (47,300 VPD)
  • Less than one mile northwest of two major hospitals: OSF St. Francis Medical Center (649-Bed) and Carle Health Methodist Hospital (272-Bed)
  • Proximity to Bradley University (5,400 students) and Peoria High School (1,500 students)
  • Over 125,500 people live within a five-mile radius
  • Average household income within five miles is $78,582

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single-tenant net-leased Talecris property located in Peoria, Illinois. Talecris has a significant operating history at this location since 2002, demonstrating their long-term commitment by executing multiple lease extensions. In 2016, the original building was demolished, and a new state-of-the-art facility was constructed in its place. The current lease extends through December 2027, featuring 2.5% annual rental escalations throughout the primary term and three 5-year renewal options. The 12,163-square-foot building is strategically located at the signalized intersection of Sheridan Road and Nebraska Avenue, with a combined traffic count of 12,900 vehicles per day. The property is located in immediate proximity of Interstate 74, which sees 47,300 vehicles per day (VPD). Additionally, the location is less than one mile northwest of two major hospitals: OSF St. Francis Medical Center (649 beds) and Carle Health Methodist Hospital (272 beds). The area benefits from the proximity to Bradley University (5,400 students) and Peoria High School (1,500 students). Furthermore, over 125,500 people live within a five-mile radius, with an average household income of $78,582. Talecris Plasma Resources, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Talecris was officially acquired by Grifols in June 2011. Grifols was founded in 1909 and is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma. Grifols USA was established in 2003 and is based in Los Angeles, California.

FOR SALE DETAILS

PRICE

$3,269,185 USD

PRICE/SF

$272 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Talecris Plasma Resources

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

Commercial

APN/PARCEL ID

14-33-352-007,14-33-352-008,14-33-352-009,14-33-352-012,14-33-352-013,14-33-352-014,14-33-352-015

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.