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OlivePoint Capital Acquires Aviation R&D Facility Near Hawthorne Airport

OlivePoint Capital Acquires Aviation R&D Facility Near Hawthorne Airport
OlivePoint Capital has completed the acquisition of 3507 Jack Northrop Avenue, a 40,553-square-foot research and development and advanced manufacturing campus located adjacent to Hawthorne Municipal Airport in Los Angeles. This transaction, executed in partnership with a global alternative asset management firm, represents a strategic entry into Southern California’s aerospace and advanced manufacturing corridor, a region known for its concentration of high-technology industries.
A Unique and Specialized Facility
The property is fully leased under a long-term agreement to an investment-grade electric vehicle and advanced manufacturing company. Central to the campus is a rare fee-simple hangar structure, a form of ownership that accounts for less than 1% of comparable aviation hangar inventory nationwide, according to OlivePoint. The facility offers direct runway access and aviation zoning, complemented by a fully improved campus featuring specialized infrastructure. This includes a column-free airplane hangar with 40-foot clear heights, industrial R&D space, flexible office areas, and tenant improvements designed to support engineering, testing, and research activities.
Adrian Bejarano, Managing Partner and Co-Founder of OlivePoint Capital, emphasized that the acquisition aligns with the firm’s strategy of investing in mission-critical properties characterized by strong tenant credit, functional scarcity, and enduring demand. He noted, “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.” Bejarano further highlighted the potential for specialized R&D and advanced manufacturing facilities with long-duration cash flow to provide a compelling balance of downside protection and long-term value creation, particularly in markets with robust innovation ecosystems and limited competitive supply.
Strategic Location and Market Context
Situated near major technology and aerospace companies such as SpaceX, Tesla, and The Boring Company, the property benefits from its position within the South Bay region, which has emerged as a significant hub for advanced manufacturing, defense technology, and aerospace engineering. This area is supported by a skilled labor force and strong transportation infrastructure, factors that contribute to its appeal for high-tech industries.
OlivePoint underscored the durability of the property’s income profile, citing its long-term lease structure, contractual rent escalations, mission-critical nature, and fee-simple ownership as key attributes that provide stable cash flow and long-term optionality. The acquisition also reflects OlivePoint’s broader investment focus on middle-market opportunities across industrial, retail, multifamily, credit-oriented, and special situations sectors, with an emphasis on assets offering durable cash flow and downside protection.
Competitive Dynamics in California’s Aerospace Sector
The acquisition occurs amid intense competition within California’s aerospace industry, dominated by major players such as SpaceX, Boeing, and Lockheed Martin. Market analysts suggest that OlivePoint’s entry into this specialized segment may stimulate further investment and interest in aviation R&D facilities. Competitors are likely to respond by intensifying their own research and development efforts, pursuing similar technological advancements, or forming strategic partnerships to leverage innovation opportunities and meet the growing demand for specialized infrastructure.
As the aerospace and advanced manufacturing sectors continue to evolve rapidly, OlivePoint’s acquisition positions the firm to capitalize on long-term industry trends while navigating the complexities of a dynamic and competitive market environment.

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