Hawthorne, CA 90250
100% LEASED R&D TROPHY ASSET
Site: 1.03 Acres
CAP Rate: 4.84%
Parking: 19 Spaces
% Leased: 100%
WALT: 8.6 Years
Lee & Associates Los Angeles West, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Astrolab at Chadron, a 100% leased office and R&D headquarters in Hawthorne, California.
Newly renovated in 2020, the building is 100% leased to Venturi Astrolab through March 2031, offering an investor a rare opportunity to acquire a trophy asset with a secure income stream in California’s highly-coveted Hawthorne aerospace cluster.
Astrolab is designing, building, and operating a fleet of multi-purpose commercial planetary rovers to extend and enhance humanity’s presence in the solar system. The multi-functional Flexible Logistics & Exploration (FLEX) rover is being developed to support human operations, robotic science, exploration, logistics, construction, resource utilization, and other activities critical to enabling a sustained human presence on the Moon, Mars, and beyond.
Household names like Amazon, Tesla, The Boring Company, Ring, and a plethora of blue-chip venture startups have transformed Hawthorne into a world-class ecosystem of innovative companies with record low vacancy.
- Tenancy - 100% leased to Venturi Astrolab (Mar-31), providing a reliable income stream for 8+ years
- 8.6 years of WALT from best-in-class aero-space company, serving as an HQ location with mission-critical improvements
- In-place rents nearly 10% below market provide an attractive mark-to-market opportunity upon expiration
- High probability renewal supported by extensive tenant investment above specialized landlord build-out