Steelwave Acquires Industrial Property In Hawthorne For $22.4M

An industrial property located at 12824 Cerise Avenue in Hawthorne has been sold for $22,435,000. The property spans 50,267 square feet, resulting in a price per square foot of $446. The buyer is Steelwave, and the seller is the Vella Group, represented by Zach Vella. The transaction took place on February 10, 2022. Brad McCoy, Conor Halloran, and David Wilson from Lee & Associates West LA served as brokers in the deal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $22,435,000
• Address: 12824 Cerise Avenue, Hawthorne
• Buyer: Steelwave
• Seller: Vella Group - Zach Vella
• Date: February 10, 2022
• Brokers: Brad McCoy, Conor Halloran, and David Wilson - Lee & Associates West LA

Brad McCoy, Conor Halloran, and David Wilson, representing Lee & Associates West LA, played key roles as brokers in this transaction. Zach Vella represented the Vella Group as its representative. This sale showcases the successful collaboration between the buyer, Steelwave, and the seller, the Vella Group, in the Hawthorne industrial market.