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 |
| Primary Tenant | AstraZeneca |
| Acquired | July 24, 2015 |
| Sold | August 21, 2019 |
| Syndicated | October 9, 2015 |
| Internal Rate of Return | 19.4% |
| Average Annual Return | 22.1% |
| Equity Multiple | 1.87x |
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.
