The asset involved in the transaction is a mixed-use property located at 3507 Jack Northrop Avenue in Hawthorne. The sale price was $32,500,000, and the property spans 40,533 square feet, resulting in a price per square foot of $801. The site is fully leased, and includes a 17,969 square foot airplane hangar, a 7,312 square foot flex office, a 10,021 square foot industrial R&D facility, a 4,351 square foot terminal building, and an on-site fuel farm, all situated on 2.04 acres of fee simple land with direct runway access. This property is notable for being one of the only fee simple hangars in the country, with a mere 1% of airport-adjacent hangars held in fee simple nationally.

The transaction signifies a notable moment in the market, showcasing the increasing investor demand for advanced manufacturing assets in an area characterized by a concentration of aerospace and defense tenants. The seller's representative team consisted of multiple experts from CBRE, reflecting a collaborative effort in managing the sale of this strategically located property within Hawthorne's Space Corridor. This deal represents one of the first major data points for R&D assets amid the ongoing reshoring cycle.