550 Blair Mill Road_Property for Sale
550 Blair Mill Road_Property for Sale
550 Blair Mill Road, Horsham, PA, 19044, US

550 Blair Mill Road

Asset description

Jones Lang LaSalle Americas, Inc (“JLL”), has been retained on an exclusive basis to arrange the sale of 550 Blair Mill (the “Property” or the “Offering”). The Property is a well-located, newly renovated, production ready facility located in Horsham, PA. 


The 98,669 square foot facility was constructed in 1972 and renovated by ownership in 2023. Approximately $3 million has been invested into the building in the past 12 months and with less than 6 months of lease term remaining, a rare opportunity has been created for an incoming investor or user to acquire a move-in ready facility at an attractive basis. The Property provides the potential for exceptional functionality through its impressive infrastructure which includes, 17’ clear heights, loading dock capabilities and raised flooring. 

Located in Greater Philadelphia, the metropolitan area continues to see significant growth in the life science sector as $1.3 billion in NIH funding, largely earmarked for cell and gene therapy research, flowed into local firms in 2023. Furthermore, the Greater Philadelphia market experienced another busy year of venture capital fundraising as approximately $900 million was invested across the MSA.


550 Blair Mill is strategically positioned within minutes of the I-276 (The PA Turnpike) providing direct access to Center City Philadelphia and Philadelphia’s International Airport. The accessibility is a necessity for lab users currently in the market seeking space. 

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Attributes

Building area gross
9,167 sm
Year built
1988
Land area gross
4.16 ha

Media

Investment highlights

  • Robust Infrastructure for Life Science Users
  • Impressive Infrastructure Critical for Lab and Manufacturing Operations
  • Attractive Basis Opportunity Relative to Construction Costs
  • Keystone Innovation Zone (KIZ) Tax Credit Program Incentive
  • Strategically Located in Philadelphia’s Growing Life Sciences & Pharmaceutical Hub
  • Exceptional Connectivity & Access to Skilled Labor Pool

Contact brokers

550 Blair Mill Road (0 Properties)

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Last updated
Mar 26, 2024