Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Chadron + Yukon, a two-building, low-rise creative campus in Hawthorne, California.
Completely renovated in 2020, this adaptive reuse campus thoughtfully juxtaposes industrial architectural elements with creative, modern design, ideal for a progressive creative tenant base. Today, Chadron + Yukon is 92% leased to three innovative companies in the aerospace (Venturi Astrolab & Mynaric (NASDAQ:MYNA)) and technology (Nerd Street Gamers) industries, and offers an investor a secure and escalating income stream with a weighted average lease term of 8.3 years.
Chadron + Yukon 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 micromarket offers tenants immediate access to the 105 Freeway and is in proximity to Beach Cities executive housing, LAX and Silicon Beach.