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Grifols Plasma Center - Phoenix, AZ 4014-4020 North 19th Avenue

8,615 SF Office Building Phoenix, AZ 85015 $2,446,667 ($284/SF) 7.50% Cap Rate

Investment Highlights

  • This Site Has Been an Extremely Successful Plasma Center Since 1992
  • Fitch Ratings Has Revised the Outlook On Grifols, S.A.'s Long-Term Issuer Default Rating (IDR) to Stable and Affirmed the IDR at 'B+'
  • Global Demand For Plasma Has Risen Sharply Due to the Growing Prevalence of Immune Disorders, Neurological Conditions Etc.
  • Grifols Has Assumed the Lease Originally Dated April 23, 1996, With American Plasma Services LP.,
  • Grifols Reported an 8.7% Revenue Growth in 2023, Reaching $7.25 Billion; For the First Half of 2024
  • The Average Buildout Cost For a Plasma Donation Center Typically Ranges From $1 Million to $3 Million

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,615 SF Grifols Plasma Center Located at 4014-4020 North 19th Avenue in Phoenix, AZ. This Deal Includes a Corporate-Backed Lease With Grifols, One of the World's Largest Plasma Collection Companies. Located in a Dense Area of Phoenix, the Property Offers Annual Rent Increases and Strong Real Estate Fundamentals, Making it a Highly Secured Investment.

In Cooperation With Sands Investment Arizona, LLC - Lic. #LC690889000 BoR: Gary W. Berwick, CCIM - Lic. AZ #BR625869000

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,615 SF
Year Built/Renovated
2000/2008
Price
$2,446,667
Price Per SF
$284
Cap Rate
7.50%
NOI
$183,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,615 SF
Building FAR
0.41
Land Acres
0.48 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Grifols
  • Health Care and Social Assistance
  • 8,615 SF
  • $21.59
  • Triple Net
  • Mar 2027
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Grifols Health Care and Social Assistance 8,615 SF $21.59 Triple Net Mar 2027
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 110-06-019
  • 110-06-020
Land Assessment
$15,082
Improvements Assessment
$0
Total Assessment
$122,556
  • Listing ID: 33481745

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 4014-4020 North 19th Avenue, Phoenix, AZ 85015

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