Updated Nov 10, 2025
Adam Goldstein Of Archer Aviation Acquires Hawthorne Municipal Airport For $126 Million
12101 S. Crenshaw Blvd., Hawthorne, Ca 90250
$126,000,000
Building Size
—
Asset Type
Other
Closing
Nov 6, 2025
About this deal
AI
The Hawthorne Municipal Airport, located at 12101 South Crenshaw Boulevard in the Hawthorne market, is an asset type classified as an airport. The transaction has a price of $126,000,000 as it is currently under contract.
Summary of transaction details:
- Property Type: Airport
- Transaction Amount: $126,000,000
- Buyer: Adam Goldstein - Archer Aviation
- Date: 11/06/2025
Adam Goldstein of Archer Aviation is orchestrating the acquisition of the airport to establish a base for eVTOL passenger operations in Los Angeles, strategically positioned ahead of the 2028 Olympics. This transaction also enhances Archer Aviation's collaboration with United Airlines and contributes to the development of the Midnight aircraft, despite the company experiencing significant losses and cash burn.
On the Map
$126,000,000
Other
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Hawthorne Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93