Vella Group Acquires Office Building In Hawthorne For $60.8M
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This Office property located in CA was sold for $60,782,000 over 2 years ago. The brokers of the deal were Kevin Foley, Todd Tydlaska, Anthony DeLorenzo, Conor Halloran, David (Dave) Wilson, and Brad McCoy
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- Location12515 Cerise Avenue, Hawthorne, CA 90250, USA
- Sale Price$60,782,000$495 PPSF
- Area122,760 SF
- Asset TypeOffice
- Parties6 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Brad McCoy, David Wilson, Conor Halloran & Zach Vella
DATE: 12/02/2021
ADDRESS: 12515-12519 Cerise Ave.
MARKET: Hawthorne
ASSET TYPE: Office
SELLER: Vella Group - Zach Vella (@ZachVella)
BUYER’S REP: Brad McCoy (@BradfordMcCoy), Conor Halloran (@Conor__Patrick) & David Wilson (@CreativeOffice365) - Lee & Associates
SELLER’S REP: Kevin Foley (@KPFoley) & Todd Tydlaska - CBRE (@CBRE)
SALE PRICE: $60,782,000
SF: 61,380 ~ PPSF: $990
NOTE FROM BROKER: Lee & Associates originally identified the off-market site for Vella Group & developed the initial design concept in 2017 (closing in 2018). This project accelerated a dramatic shift started by Tesla & SpaceX to what the Hawthorne market is today. We are excited to have been a part of this landmark deal for the area.
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12515-12519 Cerise Avenue
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