200 Lawrence Drive, West Chester, PA
200 Lawrence Drive, West Chester, PA, 19380
Acquisition Date: Oct 2016
Acquisition Price: $9,000,000
Acquisition Cap Rate: 11.5%
Current Market Value: $10,630,000
Building Size: 111,451 SF
Acquisition Cost per SF: $80.75
Property Type: Office Flex
Major Tenants: Animas Corporation, a subsidiary of Johnson & Johnson
Occupancy: 100% (single tenant)
Investor Returns: 16% annual return on investment, in line with projections
Highlights: This property is a quality asset in a solid location, in a suburb of Philadelphia with strong demographics and a class A tenant. At acquisition, the existing lease with the tenant had a remaining term of 4.5 years, resulting in a favorable acquisition price due to the perceived risk of non-renewal by the tenant. Through extensive due diligence, Envision mitigated the risk of non-renewal by receiving assurances from the tenant that the tenant will remain long term.
At Envision, our main goal is to identify and procure properties that provide stable, long-term and high-yield investments with returns that outweigh the risks. Our unique and creative approach in operating our company and structuring transactions allows us to effectively achieve this goal.