Hawk Ventures Acquires South Bay Office Building For $24M

Located at 2400 Marine Avenue in the South Bay market, this office property was recently sold in a closed transaction. The asset spans 50,000 square feet and is valued at $24,000,000, resulting in a price per square foot of $480. The sale took place on February 5, 2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $24,000,000
• Address: 2400 Marine Avenue
• Market: South Bay

The buyer in this transaction was Hawk Ventures, while the seller was EverWest Real Estate Investors. The deal was facilitated by brokers Steve Solomon, Kristen Bowman, and Andrew Harper from JLL.