12000 Hawthorne Blvd - Hawthorne Mall
3 - 20 Acre Residential Land Lots in Hawthorne, CA 90250
INVESTMENT HIGHLIGHTS
- FOR SALE OR GROUND LEASE
- Large Scale Redevelopment Opportunity
- Key Logistical Hub for Businesses & Employees surrounded by Aerospace & Innovation
- Seller Financing Available
- Approximately 1 Million SF of Improvements on 20 AC of Land
- At the Center of South Bay Sports & Entertainment
EXECUTIVE SUMMARY
Cushman & Wakefield of California, Inc., as Exclusive Advisor, is pleased to present the opportunity to either acquire the fee simple interest in, or create a new long-term ground lease for, the Hawthorne Mall (the “Property” or the “Mall”). With 935,025 square feet of existing improvements on approximately 20 acres of land, the Mall represents one of the largest redevelopment opportunities in the Greater Los Angeles region. The City of Hawthorne has created a Specific Plan for the Mall site that outlines a by-right mixed-use development with residential, office, and retail uses. The City has also committed to working with prospective buyers on alternative redevelopment plans, including those for housing, commercial office or retail, R&D, light industrial, studio/production, medical, and other uses.
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Commercial |
| Total Lot Size | 23.00 AC |
2 LOTS AVAILABLE
Lot
| Lot Size | 20.00 AC |
935,025 SF former regional mall with 2,636 striped parking stalls across a structured parking garage and an undermall garage.
Lot
| Lot Size | 3.00 AC |
DESCRIPTION
The Property’s existing improvements consist of a primarily two-story rectangular concrete structure with 915,025 square feet of contiguous space along Hawthorne Blvd., and a 20,000 square-foot single-story office building on the northeast corner of the site (inside the existing parking garage). The Property features an abundance of parking, with two levels of subterranean parking, four levels of parking in an adjacent structure that runs along the eastern property line, an additional three-level parking structure on the southeast corner of the site, and surface parking on the southwest corner.
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $20,941,636 | |
| Land Assessment | $14,950,588 | Total Assessment | $35,892,224 |
ZONING
| Zoning Code | HAC2 (HAC2 (see Downtown Hawthorne Specific Plan)) |
