Newmark Knight Frank Represents Buyer In $11.1M Retail Sale In Hawthorne, CA
12547 Hawthorne Boulevard, Hawthorne, California 90250, United States
$11,100,000
$859/SF
Building Size
12,919 SF
Asset Type
Retail
Closing
Oct 11, 2022
AI
A retail property located at 12547 Hawthorne Blvd in Hawthorne, CA was recently sold for $11,100,000. The transaction took place on 10/12/2022 and involved an asset with a total area of 12,919 square feet. The price per square foot for this retail property amounts to $859. The property was listed on Instagram by Chris Beck.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,100,000
- Date: 10/12/2022
- Address: 12547 Hawthorne Blvd, Hawthorne, CA
- Square footage: 12,919
- Market: Hawthorne, CA
- Buyer's Representative: Chris Beck - Newmark Knight Frank
- Seller's Representatives: Shaun Riley, Jeff Conover, and Scott DeYoung - Faris Lee Negotiates
The buyer in this transaction, represented by Chris Beck from Newmark Knight Frank, acquired the retail property from the seller, represented by Shaun Riley, Jeff Conover, and Scott DeYoung from Faris Lee Negotiates. This sale represents a significant deal in the Hawthorne market, with a high price per square foot of $859.
Players
Hawthorne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93