Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,615 SF Grifols Plasma Center NNN Asset Located at 4014-4020 North 19th Avenue in Phoenix, AZ. This Deal Includes a Corporate-Backed Lease With Grifols, One of the World’s Largest Plasma Collection Companies. Located in a Dense Area of Phoenix, the Property Offers Annual Rent Increases and Strong Real Estate Fundamentals, Making it a Highly Secured Investment.
Established Plasma Donation Location:
- This Site Has Been an Extremely Successful Plasma Center Since 1992; Reaching an Impressive Accomplishment of Continuous, Strong Enterprise Performance For Over Three Decades, Signifying Perfect Demographic Alignment
- Grifols Has Assumed the Lease Originally Dated April 23, 1996, With American Plasma Services LP., Demonstrating a Consistent Commitment to This Site as a Successful and Long-Standing Plasma Donation Center
Strong Guarantor:
- Fitch Ratings Has Revised the Outlook On Grifols, S.A.’s Long-Term Issuer Default Rating (IDR) to Stable and Affirmed the IDR at ‘B+’
- Grifols Reported an 8.7% Revenue Growth in 2023, Reaching $7.25 Billion; For the First Half of 2024, Revenue Grew By 7.5% Year-Over- Year to $3.85 Billion, Driven Primarily By a 13.3% Increase in the Biopharma Division, Due to Strong Plasma Supply and High Demand For Key Proteins
Increased Industry Demand:
- Global Demand For Plasma Has Risen Sharply Due to the Growing Prevalence of Immune Disorders, Neurological Conditions and Rare Diseases: The Plasma Market is Projected to Increase From $33.2 Billion in 2022 to $45.7 Billion By 2027, Reflecting This Significant Growth
Sticky Tenant:
- The Average Buildout Cost For a Plasma Donation Center Typically Ranges From $1 Million to $3 Million, Depending on the Size of the Facility, its Location and Specific Requirements For Medical Equipment; Costs Are Driven By the Need For Specialized Infrastructure, Such as Plasma Storage, Laboratory Spaces and Patient Donation Areas, All of Which Must Meet Stringent Health and Safety Standards
Dense Demographics:
- There Are Over 175,000 People Within a 3-Mile Radius and 466,215 Within a 5-Mile Radius; With an Annual Growth Projection of 1.6% Over the Next 5 Years
Strategic Location:
- The Property is Situated at the Intersection of West Indian School Rd (With a Traffic Volume of Over 36.000 Vehicles Per Day) and N 19th Avenue (With a Traffic Volume of Over 25,000 Vehicles Per Day); It is Positioned Between the Piestewa Freeway and the Arizona Veterans Highway. Which Encircle the Phoenix Metropolitan Statistical Area (MSA)
- The Property is Less Than 3-Miles From Grand Canyon University, Which Has Experienced Remarkable Growth in Recent Years, With Student Enrollment Surpassing 100,000 and Significant Upgrades to its Physical Campus
- Phoenix Sky Harbor International Airport and St. Joseph’s Hospital Are Also in Close Proximity; Neighboring Retail Includes Safeway, Sprouts, Food City, CVS and Costco
In Cooperation With Sands Investment Arizona, LLC – Lic. #LC690889000 BoR: Gary W. Berwick, CCIM – Lic. AZ #BR625869000
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