Industrial & Logistics

466 Devon Park Drive

466 Devon Park Dr Wayne, PA United States 19087
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1975

Property Description

466 Devon Park Drive is currently leased to Charles Rivers Laboratories (NYSE: CRL) until June 2036. The 155,200 square foot GMP rated lab facility was constructed in 1975 and recently renovated in 2018. The Property boasts 22’ clear heights as well as two loading doors and three drive-ins providing impressive functionality. Additionally, a new amenity center was added to 466 Devon Park Drive providing tenants with a cafeteria, conference space and a state-of-the-art fitness facility.

Investment Highlights

  • Jones Lang LaSalle (“JLL”), as exclusive representative of the owner, is pleased to present for sale 466 Devon Park Drive
  • in Wayne, Pennsylvania (the “Property”). The Property is a 100% leased lab facility at a mission critical location in the
  • Route 202 Corridor with over 15 years of remaining lease term. Located in the highly desirable King of Prussia / Wayne
  • submarket, the Property is strategically positioned along the Route 202 corridor and features superior local and regional
  • access to the area’s busiest roadways including Route 422, Route 202, The Pennsylvania Turnpike (I-276), Interstate 76
  • and Interstate 476.
Ben Appel
Ben Appel
Managing Director, Capital Markets
License details
NJ-0903289 PA-RS312185

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