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Talecris Plasma Resources 1902 N Sheridan Rd

12,163 SF Office Building Peoria, IL 61604 £2,582,689 (£212/SF) 8.25% Net Initial Yield

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,163 SF
Building Class
B
Year Built
2016
Price
£2,582,689
Price Per SF
£212
Net Initial Yield
8.25%
NOI
£213,071
Tenancy
Single
Number of Floors
1
Typical Floor Size
12,163 SF
Building FAR
0.24
Land Acres
1.15 AC
Opportunity Zone
Yes
Zoning
Commercial

Amenities

  • Bio-Tech/ Lab Space
  • Bus Route
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-33-352-009
  • 14-33-352-008
Land Assessment
£16,522
Improvements Assessment
£388,196
Total Assessment
£404,718
  • Listing ID: 33114590

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 1902 N Sheridan Rd, Peoria, IL 61604

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