for sale j ack northrop 3521 avenue - LoopNet€¦ · ©2019 WESTMAC Commercial Brokerage Company. ... or through agents of the buyer’s choosing. The Seller reserves the right to

jack northrop avenue

for sale

3521Owner User Creative Flex Next to Space X

23521 jack northrop avenue

table of contentsexecutive summary pg. 5

property summary pg. 7

property highlights pg. 10

area highlights pg. 12

aerial map pg. 14

location map pg. 16

area amenities pg. 17

market summary pg. 19

©2019 WESTMAC Commercial Brokerage Company. All Rights Reserved. WESTMAC Commercial Brokerage fully supports the principles of the Equal Opportunity Act. WESTMAC Commercial Brokerage Company and the WESTMAC Commercial Brokerage Company logo are registered service marks owned by WESTMAC Commercial Brokerage Company and may not be reproduced by any means or in any form whatsoever without written permission.


confidentiality statementThis offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by WESTMAC Commercial Brokerage Company or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

table of contents



executive summary

3521 Jack Northrop Avenue, Hawthorne CA 90250

± 6,700-square feet

$2,995,000 ($447/SF)

4049-018-038

Location

APN(s)

Bldg Size

Sale Price

WESTMAC Commercial Brokerage Company is pleased to present for sale 3521 Jack Northrop Avenue, an exceptional ± 6,700-square feet “creative flex” located in the “Century Business Center” in Los Angeles’ desirable South Bay region.

It is ideal for owner users looking to gain a foothold in the South Bay’s highly sought after creative flex market. The current occupant is a entertainment production company. The property will be delivered vacant upon close of escrow.

3521 Jack Northrop Avenue is located in the City of Hawthorne in Los Angeles’ South Bay. The property benefits from the high demand for South Bay commercial property and is located adjacent to the Hawthorne Municipal Airport, home to Tesla and Space X. Some of the major area tenants include Tesla, Space X, Boeing, Lockheed Martin, Amazon, and many others.

3521 Jack Northrop Avenue is positioned with immediate access to vital Los Angeles artery, near the interchange of the I-105 and I-405 freeways. Also, easy access to the Metro Green Line and I-110 freeway.

warehouse plus loft63521 jack northrop avenue

2nd floor loft space


property summaryAddress

3521 Jack Northrop Avenue, Hawthorne, CA 90250

Size ± 6,700-square feet (part of 4-unit building)

Lot Size ± 23,929-square feet (per tax record)

APN 4049-018-038

Type Commercial Condo - Industrial/Flex

Use Office; Creative Space; Warehouse

Asking Price $2,995,000

owner-user opportunityBuilt in 2007, 3521 Jack Northrop Avenue is part of 4-unit building situated in the Century Business Center at Hawthorne Airport. The property is comprised of office and warehouse space, including a second floor addition built in 2012, transforming the unit into an excellent creative flex build out. Century Business Center is also home to Space X and many other industrial, technological, and creative-centric businesses.

1st floor office space

1st floor private office

1st floor kitchenette

2nd floor loft space

1st floor kitchenette

exterior rear

1st floor warehouse space

2nd floor addition rendering 2nd floor addition (actual)

property highlightshighly desirable building3521 Jack Northrop Avenue is located in a gated and secured business park. The building is an office/ warehouse facility with exposed ducting, private offices, loft and 12 x 12 drive-in door. It is currently home to an entertainment production company who installed a second floor addition to the existing 5,344-SF area, creating ± 6,700-square feet of space.

The building is also home to Space X and Bulletproof Automotive.

Zoning HAM2YY

Built 2007

Renovated Second floor added in 2012 (fully permitted)

Construction Reinforced Concrete

Ceiling Height Approximately 24’

Drive-Ins 1 total; grade level door (12’x12’)

Parking 10 reserved spaces plus 1 handicap; additional space to park in rear

HOA $300/mos (buyer to verify)

2nd floor addition (actual)



• Building amenities include kitchenette, private offices, second floor addition, concrete flooring, and exposed ceilings & ducting.• Building also features include grade level door (12’x12’), ceiling height approximately 24’, fire sprinklers, 10 reserved parking spaces,

400 Amp Power• The building is inside a gated and secured Business Park adjacent the Hawthorne Airport.• Building neighbors include Tesla and Space X.

building elements


* Floor plans and other due diligence documents available upon request.


• Located in the South Bay, the epicenter of Southern California’s thriving technology & aerospace industry.• Millennials are flocking to area for its work/live/play environs.• The area is home to several major Class A office campuses occupied by some of the world’s leading technology and aerospace industry

corporations. Area employers include Space X, Tesla, Boeing, Northrup Grumman, Teledyne, Amazon, and many others.• Adjacent El Segundo, Manhattan Beach, Westchester, & Gardena.• Immediate Access to the Century (105) Fwy at Crenshaw; close proximity to 405, 110 & 91 Freeways.• Adjacent to the Hawthorne Airport.• Short distance to Los Angeles International Airport (LAX).

booming industrial / flex locationDemand for creative flex space is high with very little available inventory. The demand is driving prices to record highs, particularly for distribution centers in urban areas - L.A.’s South Bay submarket, an industrial hub near the Ports of LA and Long Beach and LAX, is seeing rental and sale prices for Class B properties rise to Class A levels as tenants and investors sprint to gain a foothold.

area highlights

jack northrop avenue133521 jack northrop avenue

building map

space x

3521jack northrop avenue

hawthorne


3521jack northrop avenue

lax

w el segundo boulevard

“the westside”

el segundo

aerial view

inglewood


hawthorne airport


the forumfuture site of

space x

tesla

N

El Segundo

Hawthorne

Playa Del Rey

Westchester

Inglewood

GardenaManhattan Beach

Hermosa Beach

Redondo Beach

Marina Del ReySouth Los Angeles

West Rancho Dominguez

Hawthorne Airport

LAX

The Forum

Hollywood Park Casino

N

Hustler Casino

South Bay Galleria

Dockweiler Beach

Lawndale

Manhattan Beach Pier

Space X

Northrop Grumman

Chevron-Refinery

Boeing

Amazon

TeslaLA Air Force Base

The Aerospace Corporation


N

location map



RETAILERS1 Costco 15 Domino’s

2 Fed Ex 16 Taco Bell

3 Starbucks 17 Rally’s

4 24 Hr Fitness 18 Starbucks

5 Lowe’s 19 Union Bank

6 Ross 20 T Mobile

7 Target 21 Hawthorne Plaza

8 USA Gasoline 22 Bank of America

9 Shell 23 Walgreens

10 Subway 24 Ralphs

11 Burger King 25 McDonalds

12 Arco 26 Chevron

13 Western Union 27 Crenshaw Shopping Plaza

14 McDonalds

COMPANIES1 Space X 10 LA Aleworks

2 Tesla 11 Arch Motorcycles

3 Chapman Aerospace 12 J M McKinney Co

4 Triumph Aerostructures 13 Tru Architectural

5 OSI Systems 14 Seers Lumber

6 Space X Tooling 15 Extra Space Storage

7 Amazon’s Ring 16 Air Sea Packing & Crating Co

8 Pilot Freight Services 17 Blue Zoo Aquatics

9 Eagle Rider 18 Hawthorne Auto Square

COMMUNITY & OTHER POI1 Hawthorne Memorial Center & Park 4 Hawthorne City Hall

2 Hawthorne DMV 5 Hawthorne Library

3 Hawthorne Police Department 6 Beach Boys Historic Landmark

amenities

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1

1

234

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89

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2

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91011

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2122

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2627

34

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local area

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The South Bay is an industrial hub near the Ports of LA and Long Beach and LAX. It is a region of the Los Angeles metropolitan area, located in the southwest corner of Los Angeles County. The name stems from its geographic location stretching along the southern shore of Santa Monica Bay. The South Bay contains fifteen cities plus portions of the City of Los Angeles and unincorporated portions of the county. The area is bounded by the Pacific Ocean on the south and west and generally by the City of Los Angeles on the north and east.

market summary“the south bay”

• The South Bay is the epicenter of Southern California’s thriving Industrial, Shipping & Exporting & manufacturing industry.

• The area is home to several major Class A office campuses occupied by some of the world’s leading aerospace and research & manufacturing companies. Area employers include Space X, Tesla, Boeing, Northrop Grumman, US Air Force, Aerospace Corporation, Raytheon Space and Airborne Systems, and many others.

• The beach cities of Manhattan Beach and Hermosa Beach is home to a large population of high-income earning residence. The median home value in Manhattan Beach is almost $2.5MM. In Hermosa Beach, the median home value is $1.7MM.

• Millennials are flocking to area for its work/live/play environment.

• Accessible to the 405, 105, and 110 Freeways which gives travelers accessibility to Orange County and all parts of Los Angeles County.

• Area gives immediate access to Los Angeles International Airport (LAX), Hawthorne Airport. Port of Los Angeles and Port of Long Beach.

T.C. Macker, CCIMPresidentD. [email protected]# 01232033

Jennifer MoscosoAssociateD. [email protected]# 02044716

For more sale information contact listing brokers:

WESTMAC Commercial Brokerage Company1515 S. Sepulveda Blvd., Los Angeles, CA 90025Phone 310.778.7700Company DRE# 01096973www.westmac.com


for sale 3521

Documents

for sale j ack northrop 3521 avenue - LoopNet€¦ · ©2019 WESTMAC Commercial Brokerage Company. ... or through agents of the buyer’s choosing. The Seller reserves the right to