Single-Tenant Office Medical

Immunotek Plasma Center

Listing Price: $5,275,000

Cap Rate
7.00%
Tenant Name
Immunotek Plasma Center
Years Remaining On Lease
14.70
Gross SF
14,000
Guarantor
Corporate Guarantee
Rentable SF
14,000
Price/Gross SF
$376.79
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.39

Investment Overview

Marcus and Millichap is proud to present: 620 West 3rd Street, Williamsport, PA. 17701. The subject property is a Brand New 14,000 SF - NNN Single Tenant Net Leased - Medical Office Building 100% leased to ImmunoTek Bio Center - The global leader in blood plasma donation centers and supply chain operations. ImmunoTek current has 50 + centers in development and As of February 2020, ImmunoTek has opened 35 locations in the USA, acquired 21 FDA licenses, and has acquired 22 EU certificates. ImmunoTek has signed a brand new 15 year NNN leases with 10% increase every 5 years that will commence on the completion of tenant improvements. The tenant has 3 additional five (5) year options also with 10% rent increases every 5 years. The property is currently under construction is in the Federal Opportunity Zone in Williamsport, PA.The subject property sites on 1.66 acres with a larger building footprint of 38,000 SF, however the property is currently going through a land subdivision plan where the building and the parking area will be separated from the existing asset. The property is located on the main thoroughfare of W 3rd Street near many other major amenities. Immunotek’s Mission: ImmunoTek Bio Centers is an emerging bio-tech company committed to the safe collection and procurement of human blood plasma from the public. Immunotek’s Outlook: The growth of current therapeutic drugs and vaccines as well as additional new therapeutic indications are expected to put considerable strain on global blood plasma supply, and there mission is to provided safe, reliable, and predictable supply of quality biological products that meet or exceed all government, customer, and industry standards, while fostering an environment which promotes creativity and integrity; maximizing the interest of the costumers, patients, employees and stakeholders.

Investment Highlights

  • Brand New Construction Property
  • Triple Net Leased Asset - Very Limited Landlord Requirments
  • Property Built in QOZ Prior to Certificate of Occupancy

Exclusively Listed By

Single-Tenant Office Medical

Immunotek Plasma Center

Listing Price: $5,275,000

Cap Rate
7.00%
Tenant Name
Immunotek Plasma Center
Years Remaining On Lease
14.70
Gross SF
14,000
Guarantor
Corporate Guarantee
Rentable SF
14,000
Price/Gross SF
$376.79
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.39

Investment Highlights

  • Brand New Construction Property
  • Triple Net Leased Asset - Very Limited Landlord Requirments
  • Property Built in QOZ Prior to Certificate of Occupancy

Investment Overview

Marcus and Millichap is proud to present: 620 West 3rd Street, Williamsport, PA. 17701. The subject property is a Brand New 14,000 SF - NNN Single Tenant Net Leased - Medical Office Building 100% leased to ImmunoTek Bio Center - The global leader in blood plasma donation centers and supply chain operations. ImmunoTek current has 50 + centers in development and As of February 2020, ImmunoTek has opened 35 locations in the USA, acquired 21 FDA licenses, and has acquired 22 EU certificates. ImmunoTek has signed a brand new 15 year NNN leases with 10% increase every 5 years that will commence on the completion of tenant improvements. The tenant has 3 additional five (5) year options also with 10% rent increases every 5 years. The property is currently under construction is in the Federal Opportunity Zone in Williamsport, PA.The subject property sites on 1.66 acres with a larger building footprint of 38,000 SF, however the property is currently going through a land subdivision plan where the building and the parking area will be separated from the existing asset. The property is located on the main thoroughfare of W 3rd Street near many other major amenities. Immunotek’s Mission: ImmunoTek Bio Centers is an emerging bio-tech company committed to the safe collection and procurement of human blood plasma from the public. Immunotek’s Outlook: The growth of current therapeutic drugs and vaccines as well as additional new therapeutic indications are expected to put considerable strain on global blood plasma supply, and there mission is to provided safe, reliable, and predictable supply of quality biological products that meet or exceed all government, customer, and industry standards, while fostering an environment which promotes creativity and integrity; maximizing the interest of the costumers, patients, employees and stakeholders.

Exclusively Listed By

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