Medical Plasma Donation
For Sale
Contact for pricing
444 Martin Luther King Jr Blvd, Youngstown, OH 44502
Plasma donation facility with KEDRION S.p.A. guaranty and an early lease extension documented in 2020.
Property Size14,434 SF
Price / SF$330.13
Days on Market283
Property Features for 444 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
14,434 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
The Boulder Group - Corporate
(847) 562-8500
Listed By:
Randy Blankstein · License #471005983
(847) 562-0003
Source:
Moodyscre
Added: Jan 16
Changed: Oct 25
Last Checked: Oct 26 at 4:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group - Corporate
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Investment Insights
Based on property information with market context.
The property is a medical plasma donation center associated with KEDPLASMA, a global leader in the collection of high-quality human plasma that operates over 70 plasma donation centers across the United States. The lease is supported by a guaranty from KEDRION S.p.A., and an early lease extension in 2020 indicates ongoing commitment. The rent structure includes 2% annual rental escalations.
Located in the Youngstown-Warren MSA at 444 Martin Luther King Jr Blvd, Youngstown, Ohio, the site is positioned near Youngstown State University and Mercy Health St. Elizabeth Hospital. Visibility and accessibility are highlighted by proximity to Interstate 680 (50,200 VPD) and US Highway 422 (20,200 VPD). The area is also described with substantial demand drivers, including 135,300 residents within a five-mile radius and an average household income of $63,017 within five miles.
Located in the Youngstown-Warren MSA at 444 Martin Luther King Jr Blvd, Youngstown, Ohio, the site is positioned near Youngstown State University and Mercy Health St. Elizabeth Hospital. Visibility and accessibility are highlighted by proximity to Interstate 680 (50,200 VPD) and US Highway 422 (20,200 VPD). The area is also described with substantial demand drivers, including 135,300 residents within a five-mile radius and an average household income of $63,017 within five miles.
Key Highlights
- Plasma donation facility with KEDRION S.p.A. guaranty
- Guarantor KEDRION S.p.A. associated with KEDPLASMA, operating 70+ plasma donation centers across the U.S.
- Early lease extension documented in 2020, plus 2% annual rental escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,565
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,931,300
$2.9M
Cap Rate 7%
$2,093,786
$2.1M
Cap Rate 9%
$1,628,500
$1.6M
Market Conditions
NOI Build-Up for 14,434 SF
Gross rent
$259.8K $18.00/SF
− Vacancy
−$15.5K −$1.08/SF
EGI
$244.3K $16.92/SF
− OpEx
−$97.7K −$6.77/SF
NOI
$146.6K $10.15/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,931,300
Cap Rate 7%
$2,093,786
Cap Rate 9%
$1,628,500
Alternative Uses
Best Use
Healthcare Medical
$2.09M
$1.83M – $2.44M
NOI $146,565 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$1.97M
$1.73M – $2.30M
NOI $138,220 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,667 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 44502, OH
9,300
Population
4,354
Households
2.1
Avg Household Size
34
Median Age
9%
College-Educated
83%
High-School Grad
5.6 sq mi
ZIP Area
1,661
Density / Sq Mi
$32,259
Median Household Income
$18,571
Median Earnings
$915
Median Rent
$37,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - Plasma donation facility with KEDRION S.p.A. guaranty and an early lease extension documented in 2020.
Where is this medical center located?
The property is located at 444 Martin Luther King Jr Blvd Youngstown, OH.
What is the asking price?
The asking price for this property is $4,765,037.
What are key features of this property?
This property features: Plasma donation facility with KEDRION S.p.A. guaranty; Guarantor KEDRION S.p.A. associated with KEDPLASMA, operating 70+ plasma donation centers across the U.S.; Early lease extension documented in 2020, plus 2% annual rental escalations
