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17007-17009 Hawthorne Blvd 4,780 SF 100% Leased Retail Building Lawndale, CA 90260 $2,075,400 CAD ($434.18 CAD/SF) 5.31% Cap Rate
Investment Highlights
- Nearly 100% Identified Rental Upside with Significant NOI Growth Potential
- Attractive ±$313.81/SF Basis on 4,780 SF of Rentable Area
- 7,827 SF Double Lot with Dedicated On-Site Parking
- 5.31% Current Cap Rate | 9.12% Pro Forma Cap Rate
- Existing Lease Includes Potential CPI-Based Rent Increases
- High-Visibility Hawthorne Boulevard Location with Two Tenants
Executive Summary
Located along Hawthorne Boulevard in Lawndale, California, 17007 Hawthorne Boulevard presents an attractive value-add investment opportunity consisting of a 4,780-square-foot rentable commercial building situated on a 7,827-square-foot double lot, including a dedicated second parcel utilized for parking.
The property is currently occupied by two commercial tenants, including a 3,900-square-foot retail user and an 880-square-foot office tenant, providing a diversified tenancy profile within a highly visible South Bay commercial corridor.
The offering is particularly compelling due to the property's significant embedded rental upside. While title records reflect approximately 3,136 square feet of building area, the property is understood to contain approximately 4,780 square feet of rentable building area, providing an attractive basis of approximately $313.81 per rentable square foot at the asking price.
At current in-place income, the property generates an estimated 5.31% capitalization rate. Based on the property's substantial rental upside and normalized/pro forma income, the capitalization rate is projected to increase to approximately 9.12%, representing a compelling opportunity to substantially enhance both cash flow and asset value.
The property is currently occupied by two commercial tenants, including a 3,900-square-foot retail user and an 880-square-foot office tenant, providing a diversified tenancy profile within a highly visible South Bay commercial corridor.
The offering is particularly compelling due to the property's significant embedded rental upside. While title records reflect approximately 3,136 square feet of building area, the property is understood to contain approximately 4,780 square feet of rentable building area, providing an attractive basis of approximately $313.81 per rentable square foot at the asking price.
At current in-place income, the property generates an estimated 5.31% capitalization rate. Based on the property's substantial rental upside and normalized/pro forma income, the capitalization rate is projected to increase to approximately 9.12%, representing a compelling opportunity to substantially enhance both cash flow and asset value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,780 SF
Building Class
C
Year Built
1950
Price
$2,075,400 CAD
Price Per SF
$434.18 CAD
Cap Rate
5.31%
NOI
$110,140 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.18 AC
Zoning
LNC3YY
Parking
11 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $717,491 CAD | |
| Land Assessment | $900,381 CAD | Total Assessment | $1,617,872 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$900,381 CAD
Improvements Assessment
$717,491 CAD
Total Assessment
$1,617,872 CAD
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17007-17009 Hawthorne Blvd
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