Updated Dec 21, 2023
T.C. Macker And Albert Pacleb Acquire Office Building In Hawthorne For $3.3M
12831 Cerise Avenue, Hawthorne, CA 90250, USA
$3,278,525
$455/SF
Building Size
7,200 SF
Asset Type
Office
Closing
Nov 5, 2018
About this deal
AI
The property asset involved in this transaction is an office located at 12831 Cerise Avenue in Hawthorne. The property is a remodeled building specifically built-out for new tenants. It has a total area of 7,200 square feet and was sold for a price of $3,278,525, resulting in a price per square foot of $455. The property generated a gross income of $173,832.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,278,525
- Address: 12831 Cerise Avenue
- Market: Hawthorne
- Square Footage: 7,200
- Price per Square Foot: $455
The deal was facilitated by brokers T.C. Macker and Albert Pacleb. According to T.C. Macker, the seller had optimized interest with two new leases in place, making it an ideal investment opportunity for the buyer. The transaction took place on November 6, 2018.
Players
Hawthorne Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.84%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93