OlivePoint Capital announced the acquisition of 3507 Jack Northrop Avenue, a 40,553-square-foot aviation-connected research and development and advanced manufacturing campus located adjacent to Hawthorne Municipal Airport in Los Angeles. The acquisition was completed in partnership with a global alternative asset management firm.
The property is fully leased under a long-term agreement to an investment-grade electric vehicle and advanced manufacturing company. The campus features a highly specialized R&D and manufacturing facility built around a rare fee-simple hangar structure, providing OlivePoint with long-term credit-backed cash flow and exposure to the aerospace and advanced manufacturing sectors.
According to OlivePoint, the acquisition aligns with its strategy of investing in mission-critical facilities characterized by strong tenant credit, functional scarcity and long-term demand drivers. The company noted that aviation-connected facilities with fee-simple ownership structures are exceptionally uncommon, representing less than 1% of comparable aviation hangar inventory nationwide.
The property includes direct runway access, aviation zoning and a fully improved campus with specialized infrastructure. Features include a column-free airplane hangar with 40-foot clear heights, industrial R&D space, flex office areas and tenant improvements supporting engineering, testing and research activities.
Located in Hawthorne’s aerospace and advanced manufacturing corridor, the property is situated near major technology and aerospace companies, including SpaceX, Tesla and The Boring Company. The South Bay region has become a significant hub for advanced manufacturing, defense technology and aerospace engineering, supported by a skilled labor force and transportation infrastructure.
OlivePoint said the property’s long-term lease structure, contractual rent increases, mission-critical nature and fee-simple ownership provide durable income characteristics and long-term optionality.
The acquisition underscores OlivePoint’s focus on middle-market opportunities across industrial, retail, multifamily, credit-oriented and special situations investments, with an emphasis on durable cash flow and downside protection.
KEY QUOTE:
“3507 Jack Northrop is exactly the type of differentiated real estate we seek to own, a highly specialized facility, in a supply-constrained market, leased to high-quality credit and deeply embedded in the tenant’s operations. We believe specialized R&D and advanced manufacturing facilities with long-duration cash flow can offer an attractive combination of downside protection and long-term value creation, particularly when located in markets with strong innovation ecosystems and limited competitive supply.”
Adrian Bejarano, Managing Partner and Co-Founder, OlivePoint Capital
