12924 Yukon Ave - Service FOR SALE


Hawthorne, CA 90250
$3,100,000 USD
661-755-5564
12924 Yukon Ave, Hawthorne, CA for Sale
$3,100,000 USD
Service - FOR SALE
1/16
null | Request Cap Rate

12924 Yukon Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • Rare “Creative Industrial” Owner User Or Value-Add Investment Opportunity – Hawthorne, CA
  • Complete 2.5 Year Renovation Completed In 2024 - "Turn-Key" Facility
  • Highly Functional Space Layout – Ideal For A Wide Variety Of Uses
  • High Connectivity / “Path of Growth” Hawthorne Space Corridor Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Fully Renovated in 2024

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26

LAND SF

11,252

ZONING

M2

APN/PARCEL ID

4053-001-007

ASK ABOUT THIS PROPERTY

Austin WolitarskyCBRE, Inc.More Info
661-755-5564

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Austin WolitarskyCBRE, Inc.More Info
661-755-5564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.