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14351 Hindry Ave, Hawthorne...

Private Family Office Acquires Retail Property In Hawthorne For $14M
SOLDRetail

Private Family Office Acquires Retail Property In Hawthorne For $14M

14351 Hindry Ave, Hawthorne, CA, 90...

$14,000,000

Building Size

Asset Type

Retail

Closing

Nov 20, 2023

AI

A retail building located at 14351 Hindry Ave in Hawthorne, CA, has been sold for $14,000,000. The property is notably occupied by Bed, Bath & Beyond, serving as a significant asset in the retail market of Hawthorne.

Summary of transaction details:

The transaction was arranged by Newmark Knight Frank (NKF) and Highland Partners. The deal involved Bill Bauman, Kyle Miller, Michael Fogel, and Matt Schwartz from NKF, along with Michael Grannis from Highland Partners, representing the seller in this transaction.

Players

Matthew Schwartz

Newmark

Broker

$214.6M

vol

8 deals

Broker
PO
Private Family OfficeBuyer

Hawthorne Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93