Updated Feb 18, 2025
Athlos Iron Lair Signs 5-Year Lease At 22715 Hawthorne Boulevard Represented By NAI Capital Commercial
22715 Hawthorne Boulevard
Building Size
10,356 SF
Asset Type
Retail
Closing
Feb 13, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 22715 Hawthorne Boulevard in Torrance. It encompasses 10,356 square feet and is situated in the market of Torrance.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Lease Term: 5-year
- Landlord: Thomas Najarian LLC
- Tenant: Athlos Iron Lair
- Brokers: Ilmar Kalviste & Sheri Messerlian - NAI Capital Commercial
NAI Capital Commercial’s Sheri Messerlian and Ilmar Kalviste facilitated the leasing transaction, representing the landlord, Thomas Najarian LLC. The tenant, Athlos Iron Lair, is a bodybuilding gym that will operate in the same building as a Lucid dealership, which is located on one of South Bay’s busiest commercial corridors.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93