3521 Jack Northrop Avenue, a commercial condo located in Century Business Center, has sold for $2,240,000, or $393 per square foot.
Built in 2007, 3521 Jack Northrop Avenue is situated within the South Bay region of Los Angeles in the City of Hawthorne. The property is an office/ warehouse facility that includes exposed ducting, private offices, and mezzanine, creating a total building size of ± 6,155-square feet. It is adjacent to the Hawthorne Municipal Airport, and part of the Century Business Center at Hawthorne Airport. The area is home to the headquarters of major aerospace manufacturer Space X. Other major area employers include Boeing, Lockheed Martin, and Amazon.
The Seller used the space to operate his two entertainment businesses.
“The Buyer purchased the building with the intention of occupying the entire space, but ultimately, agreed to a partial leaseback,” said T.C. Macker. “Which was serendipitous, giving the Seller time to find a new home.”
About WESTMAC Commercial Brokerage Company
WESTMAC Commercial Brokerage Company is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full-service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. From 2001 until 2018, the company was affiliated and a franchisee of Coldwell Banker Commercial before returning to its roots, as WESTMAC Commercial Brokerage Company.
Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.
Our standard is “The client’s best interest must be the guiding force behind all services.”