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.