Description

Jones Lang LaSalle, as exclusive advisor to ownership, is pleased to present for sale the fee-simple interest in the Simtra International Production Center—a 125,000 SF FDA-regulated pharmaceutical manufacturing facility at 555 N. Daniels Way in Bloomington, Indiana. The Property is 100% leased to Simtra BioPharma Solutions (the "Tenant" or the "Company"), a premier contract development and manufacturing organization (CDMO) with global clientele, under a long-term triple net lease backed by an investment-grade guaranty. The Tenant operates this facility as a sterile injectable production and fill-finish facility, housing 11+ production lines that serve pharmaceutical clients across North America.

Simtra BioPharma Solutions continues a nearly 22-year legacy of operations at the property, originally established as Baxter Healthcare and acquired in 2023 for $4.25 billion by private equity firms Advent International and Warburg Pincus. The company is currently deploying $500+ million across adjacent Bloomington facilities—a scale of concurrent investment that reinforces irreversible market commitment. This capital deployment reflects the strength of the broader Bloomington market and the Company's locational ties to the top state in U.S. pharmaceutical exports generating $102 billion in annual life sciences economic impact. The Offering presents stable cash-flow with assumable debt in-place that is highly accretive to cash yields. Furthermore, investors earn the majority of their equity with cash flow over the remaining loan-term, positioning them well around tenant expiration given the tenant's discounted in-place rent relative to market rates.

Brian Seitz: RB14042705

...