- For Sale $9,500,000
- Property Type Retail
- Property Size 19,464 SF
- Lot Size 42,000 SF
- Cap Rate % 5.5
- NOI / YR 540000
- Parking Spaces Avail. 38
- Parking Ratio 1.95 / 1,000 SF
- Property Tenancy Single Tenant
- Year Built 1946
- Date Updated Mar 28, 2024
100% Single Tenant Leased Investment
$540,000 NOI — May 2024
5.5% In-Place Cap Rate
100% Leased to Rise Gymnastics
Lease Expires 4/30/26 + 2x 5yr Fixed Options
Olympic-grade training facility for best in class gymnastic athletes
Significant interior renovation by Wolcott Architecture
Beautiful exposed bowtruss ceilings
Convenient Hawthorne location, minutes away from LAX
Easy access to 405 and 105 Freeways
All-new lighting fixtures, bathrooms
Recently sandblasted bowtruss ceilings
Over $500,000 in interior improvements
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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Contacts
Andrew Jennison
Industry Partners
(310) 395-5151
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (62) -
Transit Score ®
Good Transit (50) -
Bike Score ®
Bikeable (66)
- City Hawthorne, CA
- Neighborhood East Hawthorne
- Zip Code 90250
- Market Los Angeles
Points of Interest
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Crenshaw
0.67 miles
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Hawthorne/Lennox
1.46 miles
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Vermont/Athens
2.55 miles
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Redondo Beach
2.57 miles
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Aviation/LAX
2.58 miles
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Douglas
2.92 miles
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El Segundo
3.00 miles
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Mariposa
3.07 miles
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Harbor Freeway
3.14 miles
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Avalon
4.03 miles
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USA Gasoline
0.45 miles
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Shell
0.49 miles
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76
0.54 miles
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Arco
0.57 miles
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Arco
1.23 miles
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76
1.27 miles
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76
1.52 miles
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Chevron
1.56 miles
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Chevron
1.57 miles
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Costco Gasoline
1.82 miles
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Crenshaw Park And Ride
0.57 miles
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SpaceX Visitor Lot
0.59 miles
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Hawthorne Park and Ride
1.34 miles
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Hawthorne Park And Ride
1.56 miles
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Lot D
2.16 miles
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Lot E
2.16 miles
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Lot C
2.18 miles
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Parking Lot B
2.18 miles
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Parking Lot A
2.25 miles
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Red Zone
2.26 miles
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Wendy's
0.70 miles
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Seafood Restaurant
0.91 miles
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Taco Bell
0.93 miles
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Louisana Famous Fried Chicken
0.96 miles
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Tacos El Tio
0.99 miles
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Love Fruits
1.03 miles
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McDonald's
1.10 miles
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Brolly Hut
1.10 miles
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Chips Restaurant
1.13 miles
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Noa Noa
1.14 miles
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Target
0.79 miles
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Hawthorne Plaza
1.00 miles
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Ralphs
1.25 miles
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Big Lots
1.27 miles
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Northgate Market
1.32 miles
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Target
1.49 miles
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Zam Zam Market
1.71 miles
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Ross
1.80 miles
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Marshalls
1.81 miles
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ALDI
1.84 miles
Contact Listing Broker
Andrew Jennison
Industry Partners
(310) 395-5151