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JUST CLOSED!

1217-1223 Centinela Avenue
Inglewood, CA

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SALE PRICE: $7,700,000

Educational Facility

 

The Hirth Group is pleased to announce the successful closing of 1217–1223 Centinela Avenue, Inglewood, CA 90301 — a daycare/educational facility located in the northwestern portion of Inglewood. The property consists of 11,647 SF of building on an estimated 39,121 SF lot. The building had been vacant for more than three years and carried significant deferred maintenance.

Elijah, Alex, and Daniel represented the seller, whose motivation to sell stemmed from the prolonged vacancy and a desire to see the property revitalized to serve children in an underserved community. The buyer, a non-profit entity, plans to redevelop the asset into a K–12 educational facility — a much-needed addition for Inglewood.

The Hirth Group’s close collaboration with the seller to strategize, position, and execute on her real estate goals is what sets the team apart. Within the first few weeks of marketing, the team generated multiple offers for both sale and lease, ultimately selecting the buyer best aligned with the seller’s vision. Escrow closed in just under 100 days with no re-trade.

At over $660/SF on the building and just under $200/SF on the land, The Hirth Group achieved a record-setting price — the highest price per SF for an educational facility of this size ever in Inglewood. Known for breaking records and consistently delivering in challenging markets, The Hirth Group once again demonstrated the ability to maximize value and provide results sellers can count on.

More

Represented Seller

THE SALE

Successful Closing of Daycare/Educational Facility in Inglewood 
Record Breaking Price Per SF | Sold for $7,700,000 ($661/SF)
Clean and Smooth Escrow Process w/ No Re-Trade | Procured Multiple Offers For Sale & For Lease
Strategically Located in Northwestern Portion of Inglewood | Ladera Heights Adjacent 
Buyer Plans to Redevelop Property into Another Educational Facility 
The Hirth Group Represented Seller
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Elijah Suval

Vice President of Investments

310.300.3180 Direct

Elijah@HirthGroup.com

License CA: 02024364

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Alex Reyhan

First President of Investments

310.300.3181 Direct

Alex@HirthGroup.com

License CA: 02005428

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Daniel Hirth

Managing Director

310.300.2838 Direct

Daniel@HirthGroup.com

License CA: 01515796

CONTACT

GET IN TOUCH:

Tel: 310-300-2838

info@hirthgroup.com

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439 N. Canon Drive, Suite 300

Beverly Hills, CA 90210

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© 2023 by THE HIRTH GROUP

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