City Of Hawthorne Acquires Property At 12547 Hawthorne Blvd For $11.1 Million

A retail building located at 12547 Hawthorne Blvd. in Hawthorne has been sold for $11.1 million. The property has a total square footage of 12,919 and was sold at a price of $861 per square foot. Bank of America occupies the single-tenant building under an absolute triple-net lease, reflecting its standing in the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,100,000.00
• Address: 12547 Hawthorne Blvd, Hawthorne, CA
• Market: Hawthorne
• Seller's Representative: Shaun Riley, Jeff Conover & Scott DeYoung - Faris Lee Investments
• Buyer: City of Hawthorne
• Buyer's Representative: Chris Beck
• Seller: Undisclosed

Faris Lee Investments facilitated the transaction, with Shaun Riley, Jeff Conover, and Scott DeYoung representing the seller. Chris Beck represented the buyer, the City of Hawthorne, during the sale process.