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
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