West Watkins – Sold

Properties

West Watkins – Sold

State-of-the-art lab, industrial/flex, three-building office portfolio located in the Washington, D.C. suburb of Gaithersburg, Maryland. West Watkins is strategically located in the heart of I-270 Corridor, “DNA Alley,” a region widely regarded as one of the nation’s most important and dynamic life sciences hubs.

Property Details

Address

25, 35, 45 West Watkins Mill Road Gaithersburg, MD (Washington, D.C.)

Property Type

Three Office/Lab Buildings

Size

138,938 Square Feet

Primary Tenant

AstraZeneca

Acquired

July 24, 2015

Sold

August 21, 2019

Syndicated

October 9, 2015

Internal Rate of Return

19.5%

Average Annual Return

22.1%

Equity Multiple

1.87x

Photo of Tritower Financial West Watkins property
Photo of Tritower Financial West Watkins property
Photo of Tritower Financial West Watkins property

Highlights & Amenities

DNA Alley is home to several large-scale federal government health agencies including:

National Institutes of Health.

National Cancer Institute.

Food and Drug Administration.

Additionally, it houses several world-renowned universities and research institutes, such as:

Johns Hopkins University.

University of Maryland.

Howard Hughes Medical Institute.

West Watkins is leased to credit tenants including healthcare company MedImmune, a subsidiary of AstraZeneca.

Location

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