723 Electronic Dr, Horsham, PA 19044-4050
- Warehouses
- 53,560 SF
- 4.00 lot acres
Current Use by Public Records
- Evonik / Factory / Production Facility
- Brommer Architects / Architect
Property Details for 723 Electronic Dr
- Year built
- 1973
- Lot size
- 4.00 lot acres
- Zone code
- I2
- Property type
- Warehouses
- APN
- 36-00-04134-00-6
- APU
- 360004134006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 18, 2023 | — | Kumagai Horsham LLC | Kumagai Horsham LLC | Intrafamily Transfer · related | $6.1M · Wells Fargo Bank NA |
| Jul 28, 2017 | $6,800,000 | Kumagai Horsham LLC | Bpg Office Vi Electronic Drive | Grant Deed | $4.5M · Miscellaneous Ins Co |
| May 16, 2008 | — | Fargo Bk NA Wells | Greenwich Cap Fin Prod INC | Grant Deed · related | — |
| Mar 18, 2005 | $6,315,000 | Bpg Office Vi Electronic Dr LP | Elecdrive Assocs LP | Deed | — |
| Feb 27, 1999 | — | Elecdrive Assoc LP | — | Deed Of Trust · related | $4.9M · General Electric Capital Corp |
| Apr 21, 1998 | — | Elecdrive Associates LP | — | Grant Deed · related | $4.9M · Bank Of New York |
| Dec 26, 1997 | $1,000,000 | Elecdrive Associates LP | Bell Atlantic-pennsylvania | Grant Deed | — |
Description
This single-story, 50,584-square-foot building at 723 Electronic Drive in Horsham, Pennsylvania, offers flexible space ideal for warehouse, research & development, or flex uses. Built in 1973 and renovated in 1999, the property features a 14'4" ceiling height, two loading docks with levelers, and the capacity for additional loading docks. The property includes 125 total parking spaces and boasts a 1200 Amp, 480/277v, 3-phase power supply with a 13kv/500kva transformer. The space is divisible to a minimum of 25,000 square feet, with a maximum contiguous space of 50,584 square feet, accommodating multiple tenants. Situated on four acres of land, the property is zoned I-2 (Industrial District) and has an APN of 36-00-04134-00-6. Its convenient location provides easy access to Route 611 and the Pennsylvania Turnpike (I-276), less than two miles away. The building is fully sprinklered, minimizing loss factors. This property presents a unique opportunity for businesses seeking a modern, efficient, and strategically located industrial space in a high-growth area with numerous amenities. The property consists of two suites within a single building.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,380,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,130,000
- 6.5%
- $8,430,000
- 7%
- $7,825,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,423,000
Market price range: $3.04M - $7.23M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,910,000 Current use
- OFFICE BUILDING
- $8,765,000 Change: +78% Conversion: Difficult
- MEDICAL BUILDING
- $8,440,000 Change: +72% Conversion: Difficult
- RESTAURANT
- $7,520,000 Change: +53% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $7,445,000 Change: +52% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $6,980,000 Change: +42% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Horsham
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1448
- Latitude
- 40.1624
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
