610-276-3153
1 Progress Dr, Horsham, PA for Sale
Office - FOR SALE
1/15
null | Request Cap Rate

1 Progress Dr
Horsham, PA 19044


OVERVIEW

The Investment Sales team of Avison Young presents qualified investors with the opportunity to purchase One Progress Drive in Horsham, PA. The property consists of a 79,204-square-foot office building situated on 11.63 acres, zoned I-1 – Industrial District, allowing for long-term redevelopment potential into a +/-100,000 square foot industrial building. One Progress Drive is strategically located just off Horsham Road, only 1.8 miles from Route 611 and 2.8 miles from the Willow Grove Interchange of the Pennsylvania Turnpike. Ideally situated for long-term industrial use, this location provides easy access to the Philadelphia, New York, and Washington D.C. metro areas. Originally built in 1988, One Progress Drive is currently 43.8% leased to two tenants. With last lease expiration coming in January 31, 2029, One Progress Drive is cash flow neutral through the end of the current tenants’ lease terms, generating approximately $1.8 million in gross income during this period.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

401

LAND DETAILS

LAND ACRES

11.63 AC

LAND SF

506,603 SF

ZONING

I-1

APN/PARCEL ID

36-09953001

ASK ABOUT THIS PROPERTY

Adam GillespieAvison YoungMore Info
610-276-3153

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Adam GillespieAvison YoungMore Info
610-276-3153

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.