444 W Federal St - Medical FOR SALE


Youngstown, OH 44503
$4,971,555 USD
847-562-8500
444 W Federal St, Youngstown, OH for Sale
$4,971,555 USD
Medical - FOR SALE
1/3
null | 7.61% Cap Rate

444 W Federal St
Youngstown, OH 44503


HIGHLIGHTS

  • Positioned within the Youngstown-Warren MSA
  • Guaranty from Biomat USA, Inc.
  • Early lease extension in 2020 demonstrates commitment
  • 2% annual rental escalations
  • Situated near two major Youngstown attractions: Youngstown State University (11,000 students) & Mercy Health St. Elizabeth Hospital (400-bed)
  • Proximity to Interstate 680 (50,200 VPD) & US Highway 422 (20,200 VPD)

OVERVIEW

The Boulder Group and Bang Realty are pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in Youngstown, Ohio. The tenant began occupying the space in 2015 and demonstrated commitment to the site by extending their lease early in 2020. The primary term now runs through June 2030. The subject lease contains 2% annual rental escalations throughout the primary term and two 5-year renewal options. Additionally, there is a guaranty from Biomat USA, Inc. The 16,800-square-foot building benefits from its location at the signalized intersection of MLK Jr Boulevard and Belmont Avenue, which experiences a combined traffic volume of 10,000 vehicles per day. The property is situated near two major attractions in Youngstown: Youngstown State University, with an enrollment of 11,000 students, and Mercy Health St. Elizabeth Hospital, a 400-bed facility. Additionally, the property offers nearly immediate access to two of the area’s main thoroughfares: Interstate 680 (50,200 vehicles per day) and US Highway 422 (20,200 vehicles per day). The surrounding area has a population of over 135,300 within a five-mile radius, with an average household income of $63,017. Youngstown is approximately 75 miles southeast of Cleveland and 70 miles northwest of Pittsburgh. 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 Biopharma, 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.

FOR SALE DETAILS

PRICE

$4,971,555 USD

PRICE/SF

$344 USD /SF

CAP RATE

7.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KEDPLASMA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

53-071-0-115.00-0,53-071-0-117.00-0

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.