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444 Martin Luther King Jr Blvd Youngstown, OH 44502

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For Sale
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Single tenant property with lease through June 2030.

Property size:
14,434 SF
Lot size:
0.99 Acres

Property Features for 444 Martin Luther King Jr Blvd

General Information

Standard status
Active
Size
14,434 SF
Lot size
0.99 Acres

Building Details

Year built
1970

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Listing Contact
Randy Blankstein
Source: Crexi

Listing Agency: The Boulder Group Listing Agent: Randy Blankstein

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Net Leased KEDPLASMA Property

This single-tenant net-leased property is occupied by KEDPLASMA in Youngstown, Ohio. The tenant began occupying the 16,800-square-foot building in 2015 and extended their lease early in 2020, with the primary term now running through June 2030. The lease includes 2% annual rental escalations throughout the primary term and two 5-year renewal options. The lease is guaranteed by KEDRION S.p.A. The property is located at the signalized intersection of MLK Jr Boulevard and Belmont Avenue, which experiences a combined traffic volume of 10,000 vehicles per day. It is situated near Youngstown State University, with an enrollment of 11,000 students, and Mercy Health St. Elizabeth Hospital, a 400-bed facility. The property offers access to Interstate 680 (50,200 vehicles per day) and US Highway 422 (20,200 vehicles per day). The surrounding area has a population of over 135,300 within a five-mile radius, with an average household income of $63,017. Youngstown is approximately 75 miles southeast of Cleveland and 70 miles northwest of Pittsburgh. KEDPLASMA operates over 70 plasma donation centers across the United States and is a subsidiary of Kedrion Biopharma.
Location Intelligence

Current Use by Public Records

KEDPLASMA Youngstown Medical Clinic

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Youngstown
County
Mahoning
State
Ohio
Longitude
-80.6563319
Latitude
41.1036167

FAQs

What type of property is this?
Medical center - Single tenant property with lease through June 2030.
Where is this medical center located?
The property is located at 444 Martin Luther King Jr Blvd Youngstown, OH.
What are key features of this property?
This property features: - Long-term lease with KEDPLASMA through June 2030, demonstrating tenant commitment.; - Guaranteed by KEDRION S.p.A., a global biopharmaceutical company.; - Attractive lease structure with 2% annual rental escalations.
More about this property
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