The Boulder Group is pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in El Paso, Texas. The tenant began occupying the space in 2018 with a 15-year lease that runs through October 2033. The subject lease contains 10% rental escalations throughout the primary term and three 5-year renewal options. Additionally, Texas is an income tax free state.
The 34,357 square-foot building benefits from its signalized hard corner position along Paisano Drive, which experiences over 26,200 vehicles per day and is located in downtown El Paso. The property also benefits from its proximity Interstate 10 which handles more than 187,000 vehicles per day. Interstate 10 also connects El Paso to San Antonio and Tucson. The subject is positioned less than a five-minute drive from the University of Texas at El Paso (24,000 students) and The Hospitals of Providence Memorial (500-Bed). There are over 108,0001 people living within a five-mile radius of the property that earn an average household income of $57,768. Additionally, El Paso’s neighboring city, Ciudad Juárez, has a population of over 1.5 million people. Many of these residents’ travel across the border to visit, work, and shop in El Paso.
KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the United States, and contributing to the collection of approximately 800,000 liters of plasma annually. As a subsidiary of Kedrion Biophar-ma, an Italian company with over 2,500 employees and a presence in more than 100 countries, KEDPLASMA plays a crucial role in supporting the treatment of rare and serious diseases, such as hemophilia, immune deficiencies, and other blood disorders.
1) Population is not inclusive of Ciudad Juárez population.