Updated Jul 16, 2026
Adam Nims Of Trammell Crow Company Leases 501,000 SF Industrial Space To Archer Aviation In Morgan Hill
18265 De Paul Drive
Building Size
501,000 SF
Asset Type
Industrial
Closing
Jul 13, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 18265 De Paul Drive in Morgan Hill, California. It encompasses a total square footage of 501,000 and is situated within a market that caters to industrial needs.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Adam Nims - Trammell Crow Company
- Tenant: Adam Goldstein - Archer Aviation
- Date of Transaction: 07/13/2026
This lease agreement marks a significant development for Archer Aviation as they occupy the entire Cochrane Technology Center. The move is aimed at enhancing their manufacturing capacity for electric aircraft and reflects their transition from testing to commercial production, which is part of their broader growth strategy across California and Georgia, including new initiatives in aviation and defense.
On the Map
Industrial
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Players
Morgan Hill Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93