Freeform Future Leases Industrial Space In Hawthorne, CA For $29.40/ft
12824 Cerise Avenue, Hawthorne, CA, USA
Building Size
20,000 SF
Asset Type
Industrial
Closing
May 11, 2021
AI
An industrial property located at 12824 Cerise Avenue in Hawthorne has been leased. The property spans 20,000 square feet and was leased by the tenant Freeform Future.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Freeform Future
The landlord for this lease transaction is Zach Vella, who is represented by Brad McCoy, David Wilson, and Conor Halloran. The asking rent for the property was $29.40 per square foot.
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