Updated Oct 29, 2024
Treepublic Holdings LLC Acquires Office Building In Hawthorne For $2.24M
3521 Jack Northrop Avenue, Hawthorne, CA 90250, USA
$2,240,000
$363/SF
Building Size
6,155 SF
Asset Type
Office
Closing
Mar 18, 2020
About this deal
AI
A flex-office space within the Century Business Center at Hawthorne Airport has been sold in a transaction worth $2,240,000. The property, located at 3521 Jack Northrop in Hawthorne, offers a total area of 6,155 square feet. The selling price translates to approximately $363.93 per square foot. The buyer, Treepublic Holdings LLC, acquired the condo interest in the building from the seller, Xenon Hawthorne, LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,240,000
- Address: 3521 Jack Northrop, Hawthorne
- Market: Hawthorne
- Square Footage: 6,155
- Price per Square Foot: $363.93
Representing the buyer, Treepublic Holdings LLC, were T.C. Macker and Jennifer Moscoso from WESTMAC Commercial Brokerage Company. Nima Tehrany from Compass assisted in the transaction as the seller's representative. It is worth noting that the buyer was an owner-user, emphasizing the flexibility and potential of the space for various office purposes.
On the Map
$2,240,000
$363/SF
Office
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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
7.08%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93