Medical Plasma Donation
444 Martin Luther King Jr Blvd Youngstown, OH 44502
For Sale
Contact for pricing
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 Market192
Property Features for 444 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
14,434 SF
Property subtype
OFFICE
Listing Agency:
The Boulder Group - Corporate
(847) 562-0003
Listed By:
Randy Blankstein · License #471005983
Source:
Moodyscre
Added: Jan 16
Changed: Jul 27
Last Checked: Jul 27 at 9:54AM
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
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.8k | $18.00 |
| − Vacancy | −$15.5k | −$1.08 |
| EGI | $244.3k | $16.92 |
| − OpEx | −$97.7k | −$6.77 |
| NOI | $146.6k | $10.15 |
14,434 SF · lease $18.00/SF/yr · vacancy 5.98% · expense 40.00%
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.
Property Analytics
Location Intelligence
Current Use
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
