Listed by Matthews
$2,125,000
Octapharma Plasma
Details
Property Type Office
Sub Type Medical Office
Square Footage 19,440
Cap Rate 7.75%
NOI $164,657
Occupancy 100%
Tenancy Single
Brand/Tenant CSL Plasma
Lease Type NN
Lease Expiration 10/14/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $109
Year Built 1995
Year Renovated 2014
Acreage 2.890
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2014
Sale Condition 1031 exchange
7.75% Cap | Indianapolis, IN | Octapharma Plasma
Investment highlights
- ±19,440 SF Plasma Collection Facility | Specialized Medical Use with Significant Tenant Investment in Buildout and Infrastructure
- Favorable Rent Basis | Current Rent Well below Comparable Medical Market Rates
- Long-Term Occupancy Since 2014 | Octapharma Has Operated at the Property for More Than a Decade Demonstrating Commitment to the Location
- Mission-Critical Healthcare Real Estate | Plasma Collection Centers Require Specialized Improvements, Equipment, Staffing, and Regulatory Compliance
- High Barrier-to-Entry Industry | FDA-Regulated Operations with Extensive Licensing Requirements Limit New Supply and Protect Existing Locations
- Adaptive Reuse Investment | Property Was Extensively Renovated for Plasma Operations, Including Significant Site and Interior Improvements Prior to Occupancy
- Strategic Interstate Access | Less Than 1 Mile from the I-465/I-70 Interchange | I-70 Sees ±120,000 Vehicles Per Day and I-465 Sees ±112,000 Vehicles Per Day
- ±3.3 Years Remaining on Current Lease Term
Tenant Highlights
- Octapharma Plasma is a Wholly Owned Subsidiary of Octapharma AG, One of the World's Largest Privately Held Manufacturers of Plasma-Derived Therapies
- National Plasma Collection Network | Operates more than 190 plasma donation centers throughout the United States and Europe
- Vertically Integrated Business Model | Plasma Cannot Be Synthetically Replicated, Making Collection Centers a Critical Link in the Manufacturing of Life-Saving Therapies Distributed Globally
- Plasma-Derived Therapies Treat Hundreds of Medical Conditions, including immune deficiencies, bleeding disorders, neurological diseases, and critical care applications
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,657.00
$13,721.42/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
Map
Zoning
C5 CommercialGeneral CommercialGeneral Commercial District
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