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16414-16424 Hawthorne Blvd 2,000 - 10,844 SF of Retail Space Available in Lawndale, CA 90260
Highlights
- Owner-user retail opportunity, as well as a value-add deal for a new developer to lease the vacant space at market rent.
- Situated in a high-density area, the property is ideal for a diverse mix of retailers and property owners interested in a fast growing community.
- Ample square footage, street front visibility and flexible space configurations offers significant upside for investors.
- The Pro-Forma Cap rate is assuming a year 2 rent of $20.00 or $1.67/SF NNN not including (tenant improvements/downtime/ capital expenditures etc.).
- Proximity to major thoroughfares and strong local economy ensuring consistent demand on one of the South Bay’s busiest corridors.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000-10,844 SF | Negotiable | $27.20 CAD/SF/YR $2.27 CAD/SF/MO $294,953 CAD/YR $24,579 CAD/MO | Triple Net (NNN) |
1st Floor
Kidder Mathews is pleased to offer a generational owner-user or investment opportunity positioned along one of the South Bay’s premier retail corridors. 16414-16424 Hawthorne Blvd. is an exceptional retail property comprising two buildings totaling 10,844/SF. The flexible, open floor plan provides owner-users, investors, and developers with a compelling opportunity to reposition this high-visibility retail asset.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Owner-user retail opportunity and value-add deal.
- Year 2 Pro-Forma Cap rate assuming $20.00/sf NNN.
- High-density area and growing Lawndale community.
- Proximity to major thoroughfares.
- Flexible space configurations.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 10,844 SF | Property Subtype | Storefront |
| Min. Divisible | 2,000 SF | Gross Leasable Area | 10,844 SF |
| Property Type | Retail | Year Built/Renovated | 1948/1972 |
| Total Space Available | 10,844 SF |
| Min. Divisible | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,844 SF |
| Year Built/Renovated | 1948/1972 |
About the Property
Kidder Mathews is pleased to offer a generational owner-user or investment opportunity positioned along one of the South Bay’s premier retail corridors. 16414-16424 Hawthorne Blvd. is an exceptional retail property comprising two buildings totaling 10,844/SF. The flexible, open floor plan provides owner-users, investors, and developers with a compelling opportunity to reposition this high-visibility retail asset.
Nearby Major Retailers
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16414-16424 Hawthorne Blvd
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