Totaling 99,292 SF, the property is located in the heart of Delaware County, the region’s premier infill industrial market. The property is 100% occupied by Westlake Plastics, who is owned by Actimed, and is using the space as one of its main production and distribution locations for Westlake Plastics products. Westlake Plastics plans to sign a 10-year leaseback at market terms, giving a buyer stable cash flow into the foreseeable future.

450 Lenni Road and 490 Lenni Road are located in the heart of Delaware County within the Southeastern Pennsylvania Submarket. The Delaware County pocket is known for consistently strong leasing and limited new development; resulting in low vacancy rates and well positioned for rental growth. Westlake Plastics has operated out of this building for the last 60 years, with 70 employees at this location. Westlake Plastics is a subsidiary of Actimed, which has had a 40-year working relationship serving as Westlake’s exclusive European partner. Combined, Westlake Plastics USA and Westlake Plastics Europe, both under the Actimed umbrella, will achieve about $50MM in revenue in 2024. 450 Lenni Road and 490 Lenni Road offer investors the opportunity to purchase long term, quality tenancy in a high demand industrial submarket all at an extremely compelling basis.