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Standard Communities, Faring & California Statewide Development Authority Acquire Multifamily Asset In Hawthorne For $144M

12530 Crenshaw Boulevard
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This MultiFamily property located in CA was sold for $144,000,000 over 2 years ago. The brokers of the deal were Sean Deasy, Peter Yorck, and Nick Lavin

The multifamily property located at 12530 Crenshaw Boulevard in Hawthorne has been sold for $144,000,000. The property consists of 230 units, with an average price per unit of $626,086. The total square footage of the property is 201,783, and the price per square foot is $713.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $144,000,000
  • Units: 230
  • Price per Unit: $626,086
  • Square Footage: 201,783
  • Price per Square Foot: $713

The buyer of the property is Standard Communities, Faring, and the California Statewide Development Authority. They have acquired the property from The Dinerstein Companies. Sean Deasy, Peter Yorck, and Nick Lavin from JLL Capital Markets represented both the buyer and seller in this transaction.

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Deals
  • Location
    12530 Crenshaw Boulevard, Hawthorne, CA 90250, USA12530 Crenshaw Boulevard, Hawthorne, CA 90250, USA
  • Sale Price
    $144,000,000$144,000,000
    $713 PPSF$713 PPSF
  • Area
    201,783 SF201,783 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Sean Deasy

Sean Deasy

Deals4
Sold$319.2M

Peter Yorck

Peter Yorck

Deals8
Sold$881.6M

Nick Lavin

Nick Lavin

Deals7
Sold$633.6M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Sean Deasy, Peter Yorck & Nick Lavin DATE: 12/01/2021 ADDRESS: 12530 Crenshaw Boulevard MARKET: Hawthorne ASSET TYPE: Multifamily BUYER: Standard Communities, Faring & California Statewide Development Authority SELLER: The Dinerstein Companies BROKERS: Sean Deasy, Peter Yorck (@TheYorcks) & Nick Lavin - JLL Capital Markets SALE PRICE: $144,000,000 UNITS: 230 ~ PPU: $626,086 SF: 201,783 ~ PPSF: $713

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