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621 HAWAII ST El Segundo CA 90245-4814

[Locked] • APN 4138-010-005

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Details
Property Type Office
Sub Type Creative Office
Building SqFt 47,741
Lot SqFt 85,686
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code M-1
Year Built 1965
Building Count 1
Opportunity Zone No
Lease Type ******
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Office
Property Subtype
Creative Office
Marketing Description

Download the Offering Memorandum here: https://newmarkpcg.com/listings/621-hawaii-street/

Newmark is pleased to present the opportunity to acquire the fee simple interest in 621 Hawaii Street (the “Property”), a 49,307-square-foot office building in El Segundo, California.

The Property is 100% leased on a NNN basis to Nexon America, Inc. through Spring April 2027. Nexon America, Inc. is the North American subsidiary of the publicly traded Nexon Co., Ltd (TYO: 3659), South Korea’s largest video game developer and publisher, headquartered in Tokyo, Japan.

621 Hawaii Street serves as the North American headquarters for Nexon, which moved to the Property in 2019. Nexon America’s lease is backed by a corporate guarantee by the parent company with a credit rating of A-/Stable by the Japanese Credit Rating Agency.

This newly renovated Class A headquarters provides an investor with secure cash flow for over five years from South Korea’s largest video game developer with the benefit of an additional corporate guaranty from an investment-grade parent company.

Investment Highlights
  • Firm NNN Lease to South Korea's Largest Video Game Developer and Publisher
  • Newly Renovated North American Headquarters Location
  • Security of Cash flow from Investment Grade Corporate Guaranty
  • Adjacent to LA Metro & Access to Amenity-Rich Area
  • Infill Location Surrounded by Major Corporations
  • Exceptional Regional Access and Visibility

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
SF
Sean Fulp
•••.•••.6596
•fulp@••••.com
Brokerage logo
Listing removed on
 BY:
RP
Ryan Plummer
•••.•••.6570
••••.•••mmer@••••.com
Brokerage logo
Listing removed on
 BY:
MS
Mark Schuessler
•••.•••.2075
••••.••••••sler@••••.com
Brokerage logo

Map

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