Value-Add Retail in LA | Dense Urban Location | 13039-13045 Hawthorne Blvd
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Value-Add Retail in LA | Dense Urban Location 13039-13045 Hawthorne Blvd
14,843 SF 100% Leased Retail Building Online Auction Sale Hawthorne, CA 90250
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Investment Highlights
- 13039-13045 Hawthorne Boulevard is home to a 14,843-square-foot big-box retail building with a rear additional parking lot.
- Dollar Tree, the current tenant, has occupied the space for 10 years and will not renew, delivering premium big-box space for a new user.
- Building underwent a full renovation in 2014, received a new $40,000 roof in 2023 with a five-year warranty, and offers prominent building signage.
- Just 6 miles from Los Angeles International Airport and convenient of the 405, 105, and 110 Freeways for prime accessibility.
- This offering adds value by leasing to a potential national tenant at a higher rent.
Executive Summary
Colliers is pleased to exclusively present the premier big-box retail asset at 13039-13045 Hawthorne Boulevard to the market. The building is currently home to the national tenant, Dollar Tree, which has operated out of the space since 2014. Dollar Tree will not renew its lease, delivering the asset vacant to the market with the tenant out by January 31, 2025. This enables an investor to lease the 14,843 square feet of big-box space to a new national tenant at a higher market rent. The subject asset is ideally located at the corner of Hawthorne Boulevard and W 131st Street, where the attached parking lot is right behind the building, offering 38 parking spaces for patrons. The location is just a few feet from the busy signalized intersection of Hawthorne Boulevard and W 132nd Street, which sees pedestrians and bikers on the paved sidewalks, short-term street parking directly out front, and more than 35,400 cars passing daily – a significant advantage of the building’s prominent signage opportunity.
A handful of miles from Southern California’s shorefront communities, Hawthorne is a well-developed suburb south of Los Angeles. It is best known as an up-and-coming technology hub, home to SpaceX, Tesla, OSI Systems, and more. With great employment bases comes solid demographic and area characteristics, such as the city’s convenient accessibility to the 405, 105, and 110 Freeways. Los Angeles International Airport and Long Beach (Daughtery Field) Airport are less than 20 miles away. Hawthorne Boulevard is the city's major thoroughfare, with many other national retailers creating a synergistic presence. This includes but is not limited to Planet Fitness, Goodwill, Denny’s, Subway, Popeyes, Starbucks, McDonald’s, Jack-in-the-Box, Walgreens, Target, and more.
13039-13045 Hawthorne Boulevard’s encompassing 3-mile demographics confirm a residential population of $275,328, an average household income just shy of $100,000, and an annual consumer spending power of more than $3.1 billion. Of this realm, there are approximately 121,942 daytime employees, 98,140 of whom report to service-producing industries. All of these showcase consumer demand and a large employment pool.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
A handful of miles from Southern California’s shorefront communities, Hawthorne is a well-developed suburb south of Los Angeles. It is best known as an up-and-coming technology hub, home to SpaceX, Tesla, OSI Systems, and more. With great employment bases comes solid demographic and area characteristics, such as the city’s convenient accessibility to the 405, 105, and 110 Freeways. Los Angeles International Airport and Long Beach (Daughtery Field) Airport are less than 20 miles away. Hawthorne Boulevard is the city's major thoroughfare, with many other national retailers creating a synergistic presence. This includes but is not limited to Planet Fitness, Goodwill, Denny’s, Subway, Popeyes, Starbucks, McDonald’s, Jack-in-the-Box, Walgreens, Target, and more.
13039-13045 Hawthorne Boulevard’s encompassing 3-mile demographics confirm a residential population of $275,328, an average household income just shy of $100,000, and an annual consumer spending power of more than $3.1 billion. Of this realm, there are approximately 121,942 daytime employees, 98,140 of whom report to service-producing industries. All of these showcase consumer demand and a large employment pool.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Property Information
Market Analytics Click Here to Access
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Market Sale Price per SF
Los Angeles - CA USA
Market Cap Rate
Los Angeles - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
14,843 SF
Building Class
C
Year Built/Renovated
1956/2014
Tenancy
Single
Number of Floors
1
Building FAR
0.49
Land Acres
0.70 AC
Zoning
C2 - Building: C2 / Parking: R3
Parking
38 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
± 14,843 SF Former Dollar Tree Retail Shop Space Available for Lease
| Space | Size | Space Use | Position | Available |
| 13039 | 14,843 SF | Retail | - | Feb 2025 |
13039
| Size |
| 14,843 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Feb 2025 |
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13039
| Size | 14,843 SF |
| Space Use | Retail |
| Position | - |
| Available | Feb 2025 |
± 14,843 SF Former Dollar Tree Retail Shop Space Available for Lease
Walk Score ®
Very Walkable (85)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
54,351
275,328
682,752
2020 Population
56,253
285,762
701,071
2029 Population
52,661
266,611
662,613
2024-2029 Projected Population Growth
-3.1%
-3.2%
-3.0%
Daytime Employees
10,806
121,942
269,159
Total Businesses
1,547
13,048
31,779
Average Household Income
$83,178
$99,981
$108,595
Median Household Income
$64,805
$75,096
$80,630
Total Consumer Spending
$537.5M
$3.1B
$8.2B
Median Age
36.4
37.7
38.8
2024 Households
18,354
90,891
238,281
Percent College Degree or Above
15%
17%
21%
Average Home Value
$744,753
$787,927
$821,163
$ values in USD
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,478,803 | |
| Land Assessment | £1,663,658 | Total Assessment | £3,142,461 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,663,658
Improvements Assessment
£1,478,803
Total Assessment
£3,142,461
Sale Advisor
Sale Advisor
Reza Ghobadi, Executive Vice President
(818) 793-2923
Contact
With 30+ years of negotiating experience and over a decade representing investment clients in the multifamily markets of the sprawling San Fernando Valley and Tri-Cities markets of Burbank, Glendale and Pasadena, Reza Ghobadi has consistently won top producer honors.
Ghobadi, who is fluent in three languages—English, Swedish and Farsi—began his commercial real estate career in 2006 and was named “Rookie of the Year” the following year. He continued to climb the ranks at his previous firm, holding progressively more senior brokerage and management positions, including Director of Special Asset Services, where he specialized in the disposition of distressed and REO properties. Prior to his real estate career, Ghobadi owned and operated a hospitality and transport company with more than 50 employees. His experience first as a business owner and now as a senior investment broker, along with his fluency in three languages in the polyglot markets that comprise so much of the Los Angeles Basin, have allowed him to create and maintain a loyal following of clients from a variety of backgrounds.
Ghobadi, who is fluent in three languages—English, Swedish and Farsi—began his commercial real estate career in 2006 and was named “Rookie of the Year” the following year. He continued to climb the ranks at his previous firm, holding progressively more senior brokerage and management positions, including Director of Special Asset Services, where he specialized in the disposition of distressed and REO properties. Prior to his real estate career, Ghobadi owned and operated a hospitality and transport company with more than 50 employees. His experience first as a business owner and now as a senior investment broker, along with his fluency in three languages in the polyglot markets that comprise so much of the Los Angeles Basin, have allowed him to create and maintain a loyal following of clients from a variety of backgrounds.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
-
Reza Ghobadi -
Colliers
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Value-Add Retail in LA | Dense Urban Location | 13039-13045 Hawthorne Blvd
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