Updated Dec 4, 2024
Catalyst Cannabis Leases Retail Space On Crenshaw Boulevard In Hawthorne
14115 Crenshaw Boulevard
$5
$5/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Dec 7, 2023
About this deal
AI
A retail property located at 14115 Crenshaw Boulevard in Hawthorne has recently been leased. The property, measuring 6,000 square feet, was leased for a total price of $2,000,000. The asking rent for the space was approximately $5 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
The landlord of the retail space is Bezoe To, represented by David Nguyen. The tenant, Catalyst Cannabis, was represented by Timothy Lewis from Elliot Lewis Brokerage. Marv Peters from Peters Realty Group served as the landlord's representative in the deal.
Players
Hawthorne Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3172600.00%
Cash-on-Cash
-906738.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93