Hermeus Corporation Leases 62,552 SF Office At 888 North Douglas Street In El Segundo
888 North Douglas Street
Building Size
62,552 SF
Asset Type
Office
Closing
Apr 6, 2026
AI
The property asset involved in this lease transaction is located at 888 North Douglas Street in El Segundo. The office space encompasses a total of 62,552 square feet, situated in a market characterized by a significant demand from next-generation manufacturing and tech occupiers. The availability in the submarket reached 27.2% in the first quarter of 2026, according to Savills.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 888 North Douglas Street
- Market: El Segundo
- Landlord: Michael Hackman - Hackman Capital Partners
- Tenant: AJ Piplica - Hermeus Corporation
- Square Footage: 62,552
This lease marks Hermeus Corporation's relocation to a larger facility, which underscores their commitment to expanding within the aerospace and defense sector. Michael Hackman represents Hackman Capital Partners in the capacity of landlord, while AJ Piplica represents Hermeus Corporation as the tenant in this transaction.
Players
El Segundo Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93