Updated Oct 29, 2024
Venturi Astrolab, Inc. Signs 10-Year Aerospace Lease At 12536 Chadron Ave In Hawthorne
12536 Chadron Avenue, Hawthorne, CA 90250, USA
Building Size
25,000 SF
Asset Type
Industrial
Closing
Jun 10, 2020
About this deal
AI
The industrial property located at 12536 Chadron Ave in Hawthorne has been leased. The property spans 25,000 square feet and the lease was signed by Venturi Astrolab, Inc. The lease is for a duration of 10 years and is in the aerospace industry. The property is conveniently situated near well-known companies such as SpaceX, Tesla, Ring, and Amazon. The lease was facilitated by brokers Brad McCoy and David Wilson from Lee West LA, as well as Mike Grannis from Highland Partners. The landlord for this lease is the Vella Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 12536 Chadron Ave
- Market: Hawthorne
- Tenant: Venturi Astrolab, Inc.
- Landlord: Vella Group
- Brokers: Brad McCoy & David Wilson - Lee West LA, Mike Grannis - Highland Partners
The property is situated in a prime location, surrounded by various notable companies in the aerospace and technology sectors. The lease agreement presents an excellent opportunity for Venturi Astrolab, Inc. to establish its presence in a highly desirable area.
Players
Hawthorne 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