Fully Renovated in 2024 | 12924 Yukon Ave
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Fully Renovated in 2024 12924 Yukon Ave
5,468 SF Industrial Building Hawthorne, CA 90250 £2,431,671 (£445/SF)
Investment Highlights
- Rare “Creative Industrial” Owner User Or Value-Add Investment Opportunity – Hawthorne, CA
- Highly Functional Space Layout – Ideal For A Wide Variety Of Uses
- Complete 2.5 Year Renovation Completed In 2024 - "Turn-Key" Facility
- High Connectivity / “Path of Growth” Hawthorne Space Corridor Location
Executive Summary
Rare “Creative Industrial” Owner User Or Value-Add Investment Opportunity – Hawthorne, CA
* An Owner-User can leverage the sites highly functional layout, fully renovated improvements, and flexible zoning code to quickly open their business and protect against future rental market uncertainty and rate hikes.
* A Value-Add Investor can leverage the same site strengths to stabilize the property with a new tenant.
* CBRE’s Owner User debt calculation projects that an Owner User can own the building for roughly the same monthly cost of leasing before considering the additional Ownership benefits of tax depreciation and property appreciation.
* Turn-key facility - 2.5 year property renovation completed in Q4 2024
Highly Functional Space Layout – Ideal For A Wide Variety Of Uses
* Per the City of Hawthorne Planning Department, the site is zoned HAM2* (Heavy Industrial Zone) which allows for a wide variety of industrial and commercial uses permitted by right.
* The current building layout is highly functional and provides several options for utilization. The current layout includes:
Secured electronic gate entrances on Yukon Ave & Rear Alley providing access from both sides of the property.
A “main building” with an open creative industrial floor plan and one (1) roll up door.
A "second building” which is attached to the main building featuring two (2) suites
A freestanding / detached “third building” off the rear alley with one (1) roll up door which can be utilized in conjunction with new buyer’s business operation or leased out to a separate user to offset occupancy costs.
High Connectivity / “Path of Growth” Hawthorne Space Corridor Location
* The property is located within the prime industrial pocket of Hawthorne, also known as the Hawthorne “space corridor”. The property is surrounded by a deep roster of leading industrial / tech / aerospace companies including SpaceX, Tesla, Ring, Northrop Grumman, and Honeywell.
* The subject property is located within the “path of growth”. Several buildings within a 1.00-mile radius of the site have been renovated / redeveloped and stabilized with leading aerospace, tech, and industrial tenants within the past five (5) years. In addition, a ± 48,080 SF creative industrial warehouse project is proposed at 13007 Yukon Ave directly across the street from the subject.
* The Property is located just minutes from some of the most affluent communities in Los Angeles, including Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach, Redondo Beach and Manhattan Beach, which have an average home value of $1.4 M and median income of nearly $190,000 providing proximity to costal living and abundant highly skilled workforce.
* An Owner-User can leverage the sites highly functional layout, fully renovated improvements, and flexible zoning code to quickly open their business and protect against future rental market uncertainty and rate hikes.
* A Value-Add Investor can leverage the same site strengths to stabilize the property with a new tenant.
* CBRE’s Owner User debt calculation projects that an Owner User can own the building for roughly the same monthly cost of leasing before considering the additional Ownership benefits of tax depreciation and property appreciation.
* Turn-key facility - 2.5 year property renovation completed in Q4 2024
Highly Functional Space Layout – Ideal For A Wide Variety Of Uses
* Per the City of Hawthorne Planning Department, the site is zoned HAM2* (Heavy Industrial Zone) which allows for a wide variety of industrial and commercial uses permitted by right.
* The current building layout is highly functional and provides several options for utilization. The current layout includes:
Secured electronic gate entrances on Yukon Ave & Rear Alley providing access from both sides of the property.
A “main building” with an open creative industrial floor plan and one (1) roll up door.
A "second building” which is attached to the main building featuring two (2) suites
A freestanding / detached “third building” off the rear alley with one (1) roll up door which can be utilized in conjunction with new buyer’s business operation or leased out to a separate user to offset occupancy costs.
High Connectivity / “Path of Growth” Hawthorne Space Corridor Location
* The property is located within the prime industrial pocket of Hawthorne, also known as the Hawthorne “space corridor”. The property is surrounded by a deep roster of leading industrial / tech / aerospace companies including SpaceX, Tesla, Ring, Northrop Grumman, and Honeywell.
* The subject property is located within the “path of growth”. Several buildings within a 1.00-mile radius of the site have been renovated / redeveloped and stabilized with leading aerospace, tech, and industrial tenants within the past five (5) years. In addition, a ± 48,080 SF creative industrial warehouse project is proposed at 13007 Yukon Ave directly across the street from the subject.
* The Property is located just minutes from some of the most affluent communities in Los Angeles, including Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach, Redondo Beach and Manhattan Beach, which have an average home value of $1.4 M and median income of nearly $190,000 providing proximity to costal living and abundant highly skilled workforce.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,431,671 | Rentable Building Area | 5,468 SF |
Price Per SF | £445 | Number of Floors | 1 |
Sale Type | Owner User | Year Built/Renovated | 1947/2024 |
Property Type | Industrial | Tenancy | Single |
Property Subtype | Service | Parking Ratio | 1.82/1,000 SF |
Building Class | C | Clear Ceiling Height | 12 ft |
Lot Size | 0.26 AC | Level Access Doors | 2 |
Price | £2,431,671 |
Price Per SF | £445 |
Sale Type | Owner User |
Property Type | Industrial |
Property Subtype | Service |
Building Class | C |
Lot Size | 0.26 AC |
Rentable Building Area | 5,468 SF |
Number of Floors | 1 |
Year Built/Renovated | 1947/2024 |
Tenancy | Single |
Parking Ratio | 1.82/1,000 SF |
Clear Ceiling Height | 12 ft |
Level Access Doors | 2 |
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | 4053-001-007 | Improvements Assessment | £326,440 |
Land Assessment | £856,905 | Total Assessment | £1,183,345 |
PROPERTY TAXES
Parcel Number
4053-001-007
Land Assessment
£856,905
Improvements Assessment
£326,440
Total Assessment
£1,183,345
zoning
Zoning Code | M2 (Heavy Manufacturing) |
M2 (Heavy Manufacturing) |
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Fully Renovated in 2024 | 12924 Yukon Ave
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