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KEDPLASMA 416 18th Ave

16,800 SF Office Building Meridian, MS 39301 £2,669,843 (£159/SF) 8% Net Initial Yield

Investment Highlights

  • 7+ years remain on the primary lease term
  • Three blocks south of Anderson Regional Medical Center (260-Bed) & Oscher Rush Medical Center (215-Bed)
  • Proximity to several retail center with tenants Lowe’s, Walmart, Sam’s Club, Belk, Dillard’s, Hobby Lobby, Hibbett Sports, T.J. Maxx, & Chick-Fil-A
  • 10% rental escalations every five years
  • Minutes from Interstate 20 (40,000 VPD)
  • Over 35,800 people live within a five-mile radius

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in Meridian, Mississippi. The tenant began occupying the space in 2017 with a 15-year lease that runs through June 2032. The subject lease contains 10% rental escalations throughout the primary term and four 5-year renewal options. The lease also features a corporate guaranty.
The 16,800 square-foot building benefits from its position along 18th Avenue. The subject is situated just three blocks south of both Anderson Regional Medical Center, a 260-bed facility, and Oscher Rush Medical Center, a 215-bed facility. The location also features convenient access to Interstate 20, which sees a traffic volume of 40,000 vehicles per day. There are a number of nearby retail centers featuring major tenants such as Lowe’s, Walmart, Sam’s Club, Belk, Dillard’s, Hobby Lobby, Hibbett Sports, T.J. Maxx, and Chick-Fil-A. Additionally, the surrounding community is home to over 35,800 residents within a five-mile radius.
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.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,800 SF
Building Class
C
Year Built
1955
Price
£2,669,843
Price Per SF
£159
Net Initial Yield
8%
NOI
£213,588
Tenancy
Single
Number of Floors
1
Typical Floor Size
16,800 SF
Building FAR
0.30
Land Acres
1.28 AC
Opportunity Zone
Yes

Amenities

  • Bio-Tech/ Lab Space
  • Signage
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
084-18-1-3486-010-00100
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£183,952
  • Listing ID: 33114550

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 416 18th Ave, Meridian, MS 39301

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