Sherwood Real Estate Partners Acquires 40,000 SF Airplane Hangar In Hawthorne For $13.35M

A 40,000-square-foot airplane hangar located at 3507 Jack Northrop Avenue in Hawthorne, California has been sold for $13.35 million. The property, situated at Hawthorne Municipal Airport, was acquired by Sherwood Real Estate Partners in partnership with Farallon Capital Management through a bankruptcy auction. The hangar is set to be repositioned for lease to aircraft charter or fleet operators in the area, which is known for companies like SpaceX and Tesla.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $13,350,000
• Square Footage: 40,000 square feet
• Address: 3507 Jack Northrop Avenue, Hawthorne
• Market: Hawthorne

Sherwood Real Estate Partners, in collaboration with Farallon Capital Management, successfully acquired the airplane hangar situated at Hawthorne Municipal Airport in California. The plan is to reposition the property and offer it for lease to aircraft charter or fleet operators in the area, taking advantage of the proximity to companies such as SpaceX and Tesla.