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8/08/14
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Chambers Street Properties, a New Jersey-based publicly traded REIT, paid $47 mil for One Rocket Road, a 461k sf ($102/sf) industrial building in Hawthorne. The purchase included an assumption of the existing loan on the property.
The building is leased to SpaceX on a long-term basis. SpaceX designs, manufactures and launches advanced rockets and spacecraft for delivery of satellites into low earth orbit and has completed resupply missions on behalf of NASA to the International Space Station.
The building includes approximately 140k sf of three-story creative office and a high-bay 48’ clear area where SpaceX is manufacturing its signature Falcon-9 rockets and Dragon space capsules.
CBRE’s Barbara Emmons, Ken White, Scott Schumacher, Darla Longo and Kevin Shannon represented the seller, an affiliate of Irvine-based Westport Properties Inc, in the sale.
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