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888 North Douglas Street

Hermeus Corporation Leases 62,552 SF Office At 888 North Douglas Street In El Segundo
LEASEDOffice

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

Michael Hackman

Hackman Capital Partners

Landlord

$1.1B

vol

8 deals

Landlord

AJ Piplica

Hermeus Corporation

Tenant

2 deals

Tenant

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