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3507 Jack Northrop Ave 37,912 SF Specialty Building Offered For Sale in Hawthorne, CA 90250
INVESTMENT HIGHLIGHTS
- 100% leased to Tesla with new 12.5 years of firm lease term and 3.5% annual rent increases (April 30, 2038 LXD)
- The Property is the only fee simple hangar located at the Hawthorne Airport. Only ~1% of Airport Adjacent Hangars in the US are Fee Simple
- The industrial building has served as Tesla’s glass manufacturing and R&D facility for 20+ years
- 40,553 SF of rentable area across 5 distinct structures, including a 18KSF 40’ clear hangar with runway access
- The hangar houses Tesla’s only known wind tunnel—an advanced facility dedicated to aerodynamic research and development
- Features a rare, state-of-the-art fuel farm—one of only two permitted at Hawthorne Municipal Airport—providing $275ksf annual NNN income
EXECUTIVE SUMMARY
CBRE, as the exclusive advisor, is pleased to present a rare opportunity to acquire a fee simple interest in a 40,553-square-foot flex-industrial campus located at 3507 Jack Northrop Avenue in Hawthorne, California (the “Property” or “Campus”). Strategically positioned adjacent to the Hawthorne Municipal Airport, the Campus is an expansion of Tesla’s Design Center and is 100% leased to Tesla, Inc. through April 2038, providing 12 years of remaining weighted average lease term (WALT).
The Property consists of five 100% leased, distinct structures: a 17,969 SF airplane hangar featuring an impressive 40-foot clear height; a 7,312 SF flex office space; a 10,021 SF industrial R&D facility; a 4,351 SF terminal building; and an on-site fuel farm. Additionally, the Property includes approximately 10,000 SF of fee-simple, unoccupied land that offers potential for additional revenue through direct use or lease. Altogether, these improvements span 2.04 acres of aviation-connected real estate with direct runway access, presenting a rare and strategic investment opportunity.
The Property consists of five 100% leased, distinct structures: a 17,969 SF airplane hangar featuring an impressive 40-foot clear height; a 7,312 SF flex office space; a 10,021 SF industrial R&D facility; a 4,351 SF terminal building; and an on-site fuel farm. Additionally, the Property includes approximately 10,000 SF of fee-simple, unoccupied land that offers potential for additional revenue through direct use or lease. Altogether, these improvements span 2.04 acres of aviation-connected real estate with direct runway access, presenting a rare and strategic investment opportunity.
PROPERTY FACTS
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CONTACTS
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Michael Longo -
Melissa Moock -
Anthony DeLorenzo -
Mark Shaffer -
Grant Goldman -
CBRE
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3507 Jack Northrop Ave
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