The asset involved in this transaction is a 44,000-square-foot industrial property located at 13040 Cerise Avenue in Hawthorne. The sale price for the property was $19.8 million, translating to approximately $450 per square foot. This property is notable for housing the Tesla Collision Center and benefits from a premium location near major transportation routes including I-105, I-405, LAX, and the Port of Long Beach.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,800,000
• Square Footage: 44,000
• Price per Square Foot: $450
• Buyer: Greyhawk Management Group
• Broker Representatives: Patrick Weibel & Alexander Moore - SRS Real Estate Partners

A Greyhawk Management Group-affiliated entity executed the acquisition, which more than doubled the property's value since 2020. The brokers, Patrick Weibel and Alexander Moore from SRS Real Estate Partners, effectively marketed the NNN-leased property, emphasizing investor demand for secured industrial assets within the Los Angeles Metropolitan Statistical Area.