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3521 Jack Northrop Avenue, ...

Treepublic Holdings LLC Acquires Office Building In Hawthorne For $2.24M
SOLDOffice

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

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.

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

Hawthorne Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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