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444 Flower St, Los Angeles,...

Coretrust Capital Partners Leases 21750 SF Office Space In Los Angeles
LEASEDOffice

Coretrust Capital Partners Leases 21750 SF Office Space In Los Angeles

444 Flower St, Los Angeles, CA, 90071

Building Size

21,750 SF

Asset Type

Office

Closing

May 9, 2022

AI

The office property located at 444 Flower St, Los Angeles, CA, 90071, with 21,750 square feet, was leased in a recent transaction. The landlord, Coretrust Capital Partners, engaged with the tenant's representatives, which included Lalo Diaz, Maureen Hawley from JLL, and Tony Morales from JLL, to finalize the deal.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 444 Flower St, Los Angeles, CA, 90071
  • Market: Los Angeles
  • Tenant's Representatives: Lalo Diaz, Maureen Hawley (JLL), Tony Morales (JLL)
  • Landlord: Coretrust Capital Partners
  • Square Feet: 21,750

The collaboration between the tenant's representatives from JLL and the landlord, Coretrust Capital Partners, played a crucial role in successfully leasing the office space at 444 Flower St in Los Angeles. This partnership exemplifies the importance of effective communication and negotiation in real estate transactions.

Players

Maureen Hawley

JLL

Broker

6 deals

Broker
CP
Coretrust Capital PartnersLandlord

Los Angeles Office Market Snapshot

Boundary boundary · Office · 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