Hawthorne, CA 90250
99 Spaces
100% LEASED MULTI-TENANT R&D CAMPUS
RSF: 52,074
Site: 2.23 Acres
Price: $27,190,000
CAP Rate: 5.47%
$/SF: $522
Built: 1960/2020
Parking: 99 Spaces
% Leased: 100%
WALT: 8.1 Years
Tenancy: Nerd St. Gamers, Mynaric, HGEN, Inc.
Lee & Associates Los Angeles West, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Yukon, a
two-building, low-rise creative campus in Hawthorne, California.
Restored in 2020, this creative industrial campus blends red brick architecture with creative, adaptive reuse design, ideal for a techtainment, venture, and creative tenant base.
The Property is 100% leased to three tenants - HGEN through December 2027, Mynaric through March 2027 and Nerd Street Gamers through May 2033, offering an investor a secure and escalating income stream with a weighted average lease term of 8.1 years.
Mynaric (NASDAQ: MYNA) is a leading global manufacturer of laser communication equipment for space-borne communication networks. Nerd Street Gamers is a national network of e-sports facilities, and HGEN, Inc. is prototyping electrolyzers to decarbonize the industrial world.
Yukon is located in the heart of Hawthorne’s “Space Corridor” which has be-come the submarket of choice for some of the globe’s most innovative technology companies including SpaceX (HQ), Tesla and Amazon, among others.
- Strong Tenancy - 100% leased to HGEN, Inc. (Dec-27), Mynaric (Mar-27), and Nerd Street Gamers (May-33) providing an escalating and reliable diversified income stream.
- 8.1 years of WALT from prominent aerospace and technology companies
- Extensive Tenant Improvements - Nerd Street Gamers is in the process of building out a world-class gaming arena experience, designed by Populous, a global leader in arena design
- Increased tenant renewal probability supported by extensive tenant investment - Nerd Street Spending $2.7M ($102 PSF) plus FF&E and Mynaric spending $800k+ above TI allowance
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