West Watkins – Sold
|Address||25, 35, 45 West Watkins Mill Road
Gaithersburg, MD (Washington, D.C.)
|Property Type||Three Office/Lab Buildings|
|Size||138,938 Square Feet|
|Acquired||July 24, 2015|
|Sold||August 21, 2019|
|Syndicated||October 9, 2015|
|Internal Rate of Return||19.4%|
|Average Annual Return||22.1%|
Highlights & Amenities:
- 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.
- DNA Alley is home to several large-scale federal government health agencies, including the National Institutes of Health, the National Cancer Institute and the Food and Drug Administration, as well as several world-renowned universities and research institutes, such as Johns Hopkins University, the University of Maryland, and the Howard Hughes Medical Institute.
- West Watkins is leased to credit tenants including healthcare company MedImmune, a subsidiary of AstraZeneca.