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:
- 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.
Players
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