KEDPLASMA 444 W Federal St

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.