Updated Dec 4, 2024
Align Precision Doubles Footprint With Industrial Lease In Horsham, PA
425 Privet Road
Building Size
85,396 SF
Asset Type
Industrial
Closing
May 14, 2024
About this deal
AI
An 85,396-square-foot industrial property located at 425 Privet Road in Horsham, PA was leased to Align Precision, a defense and aerospace contractor. This lease marks Align Precision's expansion, doubling its footprint from its previous location in Huntingdon Valley.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 425 Privet Road
- Market: Horsham, PA
- Landlord: Marci Griffith Loeber - Griffith Properties; David Luski - DRA Advisors
- Tenant: Mark Cherry - Align Precision
- Landlord's Rep: Brian Smyth, Mike Maloney & Tim Morris - CBRE
- Tenant's Rep: Mike Cohen - Situs Properties
The lease negotiations for the industrial property were facilitated by Tim Morris, Mike Maloney, and Brian Smyth of CBRE representing the landlords, Griffith Properties and DRA Advisors, while Align Precision was represented by Mike Cohen of Situs Properties.
On the Map
Industrial
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Horsham 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