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KEDPLASMA 825 9th St W

16,357 SF Retail Building Bradenton, FL 34205 $4,500,664 ($275/SF) 7.25% Cap Rate

Investment Highlights

  • KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the US
  • 7+ years remain on the primary lease term
  • Proximity to Tamiami Trail (62,500 VPD)
  • Corporate guaranty
  • Located at the signalized intersection of 9th Street (25,000 VPD) & 9th Avenue (7,000 VPD)
  • Over 202,800 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 positioned within the Tampa MSA located in Bradenton, Florida. The tenant began occupying the space in 2017 with a 15-year lease that runs through April 2032. The subject lease contains 10% rental escalations throughout the primary term and four 5-year renewal options. Additionally, Florida is an income tax free state and the lease features a corporate guaranty.
The 16,357 square-foot building benefits from its strategic location at the intersection of 9th Street and 9th Avenue, which together handle 32,000 vehicles per day. 9th Street connects to US Highway 41, linking Bradenton to Tampa. Additionally, the building is situated near Tamiami Trail, a major thoroughfare in Florida with over 62,500 vehicles passing through daily. KEDPLASMA is found less than one mile southwest of the Manatee Memorial hospital, a 300-bed medical facility. Other key landmarks drawing people to the area include The Bishop Museum of Science and Nature as well as LECOM Park, the spring training home of the Pittsburgh Pirates. There are over 202,800 people living within a five-mile radius that earn an average household income of $80,813.
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
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,357 SF
Building Class
C
Year Built
1942
Price
$4,500,664
Price Per SF
$275
Cap Rate
7.25%
NOI
$326,298
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.23 AC
Zoning
T5
Parking
24 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
212 FT on 9th St W

Amenities

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Monument Signage
Walk Score®
Very Walkable (75)
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.®

Nearby Major Retailers

Truist
Starbucks
Bank of America
Bank OZK
Bravo
Key Food
Synovus Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 32732-0005-9
  • 32725-0005-9
Land Assessment
$352,164
Improvements Assessment
$1,053,553
Total Assessment
$1,405,717
  • Listing ID: 33114489

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 825 9th St W, Bradenton, FL 34205

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