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
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