Investment Overview

Marcus & Millichap is pleased to present 10049 Sandmeyer Lane, an approximately 33,846 square foot industrial asset in Philadelphia, Pennsylvania. Located in the Bustleton section of Northeast Philadelphia, the property enjoys proximity to several major regional transportation arteries, including US-1, I-95, and I-276, offering efficient access to Center City Philadelphia in under 30 minutes. Strategically located just 4 miles from Northeast Philadelphia Airport, the property benefits from proximity to key transportation hubs and dense population centers. Situated on about 2.17 acres in the heart of Northeast Philadelphia, the surrounding area is home to a dense cluster of pharmaceutical, logistics, and light manufacturing users, making it a key industrial hub within the greater Philadelphia MSA. This is one of the city’s most robust and established industrial corridors, within five miles of major facilities such as the UPS Distribution Development (1M+ SF), Rockefeller Group Logistics Center (650K+ SF), and McDonald's Distribution (150K+ SF). Additionally, the site is in FEMA Zone X, indicating low flood risk in one of the city’s most resilient and growing industrial corridors. This absolute NNN-leased property is an excellent opportunity for investors seeking stable cash flow backed by a strong-performing tenant with ties to a publicly traded pharmaceutical company. The property is tenanted by R&S Pharmaceuticals, which was acquired by Amneal Pharmaceuticals, a national industry leader and publicly traded company with approximately $3.5 billion in assets under management. While no formal corporate guarantee exists, Amneal consolidates the tenant in its financials and exercises strategic control, offering a high-quality credit narrative that enhances the investment's security. Amneal Pharmaceuticals is a publicly traded company with approximately $3.5 billion in assets under management. The lease features zero landlord responsibilities, fixed three percent annual increases, and over four years remaining on the initial 10-year term, which commenced June 1, 2019. There is also one additional one-year extension option remaining on the lease. Moreover, the property was renovated in 2012 and remains in excellent condition for modern industrial use.