OlivePoint Capital Acquires Rare Fee-Simple Aviation-Connected R&D Facility at 3507 Jack Northrop Avenue in Los Angeles, California

LOS ANGELES--(BUSINESS WIRE)--OlivePoint Capital (“OlivePoint”), a real estate investment firm focused on differentiated middle-market real estate opportunities, announced the acquisition of 3507 Jack Northrop Avenue, a 40,553-square-foot aviation-connected R&D and advanced manufacturing campus located adjacent to Hawthorne Municipal Airport in Los Angeles, California, in partnership with a global alternative asset management firm.

OlivePoint acquires rare aviation-connected R&D campus near Hawthorne Airport in Los Angeles with long-term credit tenancy.

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The property is 100% leased on a long-term basis to a leading investment-grade electric vehicle and advanced manufacturing company and comprises a highly specialized R&D and advanced manufacturing facility on a rare fee-simple hangar structure. The asset combines durable credit-backed cash flow with functional scarcity, specialized infrastructure and a strategic location within Hawthorne’s aerospace and advanced manufacturing corridor. The acquisition reflects OlivePoint’s conviction in specialized, mission-critical facilities that combine durable long-term cash flow, strong tenant credit, functional scarcity and exposure to secular demand drivers.

“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,” said Adrian Bejarano, Managing Partner and Co-Founder of OlivePoint Capital. “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.”

The property is particularly unique given its fee-simple ownership structure. Most airport-adjacent aviation facilities in the United States are owned or occupied pursuant to ground leases or other leasehold structures. By contrast, 3507 Jack Northrop represents a rare fee-simple aviation-connected hangar asset that accounts for less than 1% of comparable aviation hangar inventory nationally. Combined with direct runway access, aviation zoning and a fully improved R&D and hangar campus, the property offers an institutional-quality real estate profile that is exceptionally unique.

Located in a Leading Advanced Manufacturing Corridor

Located in the heart of Hawthorne’s aerospace and advanced manufacturing corridor, the property sits within close proximity to SpaceX, The Boring Company, Tesla and other leading aerospace and technology companies. The South Bay has emerged as one of the country’s most important clusters for advanced manufacturing, defense technology, and aerospace engineering, supported by a deep technical labor pool, proximity to major transportation infrastructure and a long history of aerospace innovation.

Specialized Infrastructure and Long-Term Optionality

The property’s specialized infrastructure includes a column-free airplane hangar with 40-foot clear height, industrial R&D improvements, flex office and support space, and aviation-related improvements. The facility also includes highly customized tenant improvements supporting advanced testing, engineering and R&D operations. These improvements reinforce the long-term durability of the asset’s income profile.

OlivePoint believes the property’s long-term lease structure, contractual rent growth, mission-critical use, fee-simple ownership and location within a leading advanced manufacturing cluster provide a durable income profile and meaningful long-term optionality.

About OlivePoint Capital

OlivePoint Capital is a real estate investment firm focused on acquiring and managing differentiated real estate opportunities across the United States. OlivePoint targets middle-market opportunities where complexity, capital market dislocation or specialized asset characteristics create the potential for attractive risk-adjusted returns. The firm focuses on industrial, retail, multifamily, credit-oriented and special situations investments, with an emphasis on durable cash flow, downside protection and hands-on execution.

For more information, visit: www.olivepointcapital.com