Private Family Office Acquires Retail Property In Hawthorne For $14M
SOLD
$14,000,000
California
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SOLD
Private Family Office Acquires Retail Property In Hawthorne For $14M
14351 Hindry Ave, Hawthorne, CA, 90...
See Similar DealsRetail
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
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:
- Property Type: Retail
- Transaction Amount: $14,000,000.00
- Address: 14351 Hindry Ave, Hawthorne, CA
- Seller: Hawthorne Gateway
- Buyer: Private Family Office
- Seller's Representatives: Matthew "Matt" Schwartz-Newmark, Michael Fogel-LMF Commercial, Michael Grannis-WestPac Partners
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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