Talecris | 1912 Civic Center Dr
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Talecris 1912 Civic Center Dr
16,826 SF Office Building North Las Vegas, NV 89030 $4,446,792 ($264/SF) 7.50% Cap Rate
Investment Highlights
- Positioned within the Las Vegas MSA – ranked #29 in the United States for population size
- Nevada is an income tax free state
- Significant operating history since 2007
- E-commerce resistant & essential business
- Multiple lease extensions demonstrate commitment to the site
- Talecris is a subsidiary of Grifols, a publicly traded global healthcare company (NASDAQ: GRFS)
Executive Summary
BANG Realty is pleased to exclusively market for sale a single-tenant net-leased Talecris Plasma Resources property located in North Las Vegas, Nevada. Talecris has had a significant operating history at this location since 2007, demonstrating their long-term commitment by executing multiple lease extensions. The current lease runs through May 2032, with 2% annual rental escalations throughout the primary term and two 5-year renewal options. Additionally, Nevada is an income tax free state.
The 16,826-square-foot building is strategically located near the signalized intersection of Civic Center Drive and Lake Mead Boulevard, with a combined traffic count of 72,500 vehicles per day. Additionally, the property is just one mile east of Interstate 15, which sees 206,000 VPD. It is adjacent to three of the area’s key attractions: North Vista Hospital, a 201-bed medical facility, College Park Shopping Mall, and Civic Center Plaza. The property is also just 15 minutes northeast of the Las Vegas Strip. This dense corridor is home to over 500,000 residents within a five-mile radius, with an average household income of $71,773.
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.
The 16,826-square-foot building is strategically located near the signalized intersection of Civic Center Drive and Lake Mead Boulevard, with a combined traffic count of 72,500 vehicles per day. Additionally, the property is just one mile east of Interstate 15, which sees 206,000 VPD. It is adjacent to three of the area’s key attractions: North Vista Hospital, a 201-bed medical facility, College Park Shopping Mall, and Civic Center Plaza. The property is also just 15 minutes northeast of the Las Vegas Strip. This dense corridor is home to over 500,000 residents within a five-mile radius, with an average household income of $71,773.
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
16,826 SF
Building Class
C
Year Built/Renovated
1961/2017
Price
$4,446,792
Price Per SF
$264
Cap Rate
7.50%
NOI
$333,509
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
8,413 SF
Slab To Slab
11’
Building FAR
0.40
Land Acres
0.96 AC
Zoning
R-A/OFFICE
Parking
35 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
Parcel Number | 139-24-310-004 | Improvements Assessment | $561,791 |
Land Assessment | $128,068 | Total Assessment | $689,859 |
PROPERTY TAXES
Parcel Number
139-24-310-004
Land Assessment
$128,068
Improvements Assessment
$561,791
Total Assessment
$689,859
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Talecris | 1912 Civic Center Dr
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