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777 S Figueroa St, Los Ange...

Lockton Leases 70000 Square Feet At 777 S Figueroa St Los Angeles From Brookfield Office Properties
LEASED

Lockton Leases 70000 Square Feet At 777 S Figueroa St Los Angeles From Brookfield Office Properties

777 S Figueroa St, Los Angeles, CA, 9...

Building Size

70,000 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 777 S Figueroa St, Los Angeles, CA, covering a total area of 70,000 square feet. The market for this property is in Los Angeles, with Brookfield Office Properties serving as the landlord in this agreement.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 777 S Figueroa St, Los Angeles, CA
  • Market: Los Angeles
  • Tenant: Lockton
  • Landlord: Brookfield Office Properties
  • Square Feet: 70,000
  • Tenant's Representatives: Maureen Hawley-JLL, Christina Noonan-JLL

The key individuals involved in this transaction include Maureen Hawley and Christina Noonan, both representing the tenant, Lockton, through their agency, JLL. The landlord for this lease agreement is Brookfield Office Properties.

Players

Maureen Hawley

JLL

Broker

6 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93