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425 Privet Road

Align Precision Doubles Footprint With Industrial Lease In Horsham, PA
LEASEDIndustrial

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

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:

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.

Players

Tim Morris

CBRE

Broker

1 deal

Broker

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