Updated Oct 28, 2024
Terreno Realty Corporation Acquires Industrial Property In Hawthorne For $8.1M
13020 Cerise Avenue, Hawthorne, CA 90250
$8,100,000
$369/SF
Building Size
21,900 SF
Asset Type
Industrial
Closing
Jul 15, 2020
About this deal
AI
The industrial property located at 13020-13030 Cerise Ave. in Hawthorne has been sold. The property spans a total of 21,900 square feet and was sold for a price of $8,100,000, resulting in a price per square foot of $370. The transaction took place on 07/15/2021.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $8,100,000
- Square Footage: 21,900
- Price per Square Foot: $370
- Market: Hawthorne
The buyer of the property is Terreno Realty Corporation, while the seller is NMS Properties. The seller was represented by Kevin Foley, Mark Shaffer, Anthony DeLorenzo, and Gary Stache from CBRE. This transaction represents a significant deal in the industrial real estate market in Hawthorne.
On the Map
$8,100,000
$369/SF
Industrial
View full map
Players
Hawthorne Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Mark Shaffer to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93