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Newmark Knight Frank Represents Buyer In $11.1M Retail Sale In Hawthorne, CA

Property Image
SOLD
$11,100,000
Shaun Riley
Scott DeYoung
+ 1

California

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Retail12,919 SF
Sold 10/12/2022
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Property Image
SOLD

Newmark Knight Frank Represents Buyer In $11.1M Retail Sale In Hawthorne, CA

12547 Hawthorne Boulevard, Hawthorne, California 90250, United States

See Similar Deals
Retail12,919 SF
Sold 10/12/2022
Shaun Riley
Scott DeYoung
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$859
Total Square Footage:12,919 SF
Transaction Type:Sale

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

Jeff Conover
28 deals$346M volume
BROKER

Scott DeYoung
25 deals$311.2M volume(949) 221-1835
BROKER

Shaun Riley
Faris Lee Investments
11 deals$120.9M volume
BROKER

Christopher Beck
Newmark
1 deal$11.1M volume
BROKER

Details

SOLD
IMAGE: Chris Beck DATE: 10/12/2022 ADDRESS: 12547 Hawthorne Blvd MARKET: Hawthorne, CA ASSET TYPE: Retail BUYER'S REP: Chris Beck - Newmark Knight Frank (@Newmark) SELLER'S REP: Shaun Riley, Jeff Conover & Scott DeYoung - Faris Lee Negotiates SALE PRICE: $11,100,000 SF: 12,919 ~ PPSF: $859

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$592,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,435.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,619.66
Annual Debt Service$631,435.96