2722 N Central Ave Chicago, IL 60639
Newly constructed plasma collection center leased to Kedrion.
Property size:
15,244 SFLot size:
1.14 AcresProperty Features for 2722 N Central Ave
General Information
- Standard status
- Active
- Zoning
- C1-1
- Size
- 15,244 SF
- Lot size
- 1.14 Acres
Source:
Crexi
Listing Agency: ParaSell Inc Listing Agent: Scott Reid
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chicago Medical Facility For Sale
The property at 2722 North Central Avenue in Chicago, Illinois, is a newly constructed, 15,244-square-foot plasma collection center completed in 2024. It is situated on a 1.14-acre parcel and purpose-built to meet the operational requirements of Kedrion, a plasma-derived pharmaceutical company. Both landlord and tenant invested capital into the development. The property is leased on a long-term net basis with approximately 13 years of firm term remaining through April 30, 2039, and includes a five-year renewal option with CPI-based rent growth. The lease structure incorporates above-market rental increases, including a 15% rent escalation in Year 6, and a CPI-based increase in Year 11. The landlord’s responsibilities are limited to structural components. The lease is fully guaranteed by Kedrion S.p.A. for the entire term. Kedrion, headquartered in Italy, reported approximately $2.0 billion in revenue in 2024 and employs over 5,200 professionals, operating in more than 100 countries. Kedrion announced plans to invest over $260 million to develop 40+ new plasma centers in the United States, alongside an additional $60 million investment to expand manufacturing capacity domestically and abroad in September 2025.
Location Intelligence
Current Use by Public Records
KEDPLASMA Chicago
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7665503
- Latitude
- 41.9300913
Nearby Similar for Sale
FAQs
What type of property is this?
Medical center - Newly constructed plasma collection center leased to Kedrion.
Where is this medical center located?
The property is located at 2722 N Central Ave Chicago, IL.
What are key features of this property?
This property features: - Long-term net lease with 13 years remaining and a five-year renewal option, providing stable and predictable income.; - Lease guaranteed by Kedrion S.p.A., a globally scaled pharmaceutical operator with approximately $2.0 billion in revenue, ensuring exceptional credit security.; - Newly constructed (2024) and purpose-built facility, minimizing near-term capital expenditures and maximizing depreciation benefits.
