Astrolab at Chadron

Astrolab at Chadron 12536 Chadron Avenue
Hawthorne, CA 20250

  • $13,400,000

    Asking Price

  • 22,665

    Square Feet

  • 4.75%

    Cap Rate

  • 100%

    Occupancy

  • 8.60 Years

    WALT

  • Industrial

    Property Type

Offering Summary

Address

  • 12536 Chadron Avenue
    Hawthorne, CA 20250

Pricing

  • Asking Price$13,400,000
  • Price PSF$592
  • WALT8.6 Years
  • Cap Rate4.75%

Details

  • Property TypeIndustrial
  • Listing StatusOn Market
  • Square Feet22,665
  • Occupancy100%
  • Year Built1960
  • Year Renovated2021
  • Building(s)1
  • Stories1
  • Parking Ratio19 Spaces
  • Acres1.03
  • ZoningM2
  • APN4049-008-027
  • TenancySingle

Address

  • 12536 Chadron Avenue
    CA 20250

Pricing

  • Asking Price$13,400,000
  • Price PSF$592
  • WALT8.6 Years
  • Cap Rate4.75%

Details

  • Property TypeIndustrial
  • Listing StatusOn Market
  • Square Feet22,665
  • Occupancy100%
  • Year Built1960
  • Year Renovated2021
  • Building(s)1
  • Stories1
  • Parking Ratio19 Spaces
  • Acres1.03
  • ZoningM2
  • APN4049-008-027
  • TenancySingle

Description

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Astrolab at Chadron, a 100% leased office and R&D headquarters in Hawthorne, California.


Completely renovated in 2020, the building is 100% leased to Venturi Astrolab (Astrolab) through March 2031, offering an investor a secure and escalating income stream for nearly 9 years. Astrolab is a prominent aerospace company that is focused on designing, building, and operating commercial planetary rovers to extend and enhance humanity’s presence in the solar system.  The company draws synergies from SpaceX, who occupies over 2 million square feet in the market and is also focused on interplanetary travel.


Astrolab at Chadron is located in the heart of Hawthorne’s “Space Corridor” which has become the locale of choice for some of the globe’s most innovative technology companies including SpaceX (HQ), Tesla, and Amazon, among others. This budding micro-market offers tenants immediate access to the 105 Freeway and is in proximity to Beach Cities executive housing, LAX, and Silicon Beach.

Deal Team

Kevin Shannon

Kevin Shannon

Co-Head of U.S. Capital Markets

310-491-2005 kevin.shannon@nmrk.com

CA RE Lic. #00836549

Ken White

Ken White

Executive Managing Director

310-491-2006 ken.white@nmrk.com

CA RE Lic. #01788506

Laura Stumm

Laura Stumm

Senior Managing Director

310-491-2020 laura.stumm@nmrk.com

CA RE Lic. #01914207

Sean Fulp

Sean Fulp

Vice Chairman

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064