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444 Flower St, Los Angeles,...

Coretrust Capital Partners Leases 3600 Square Feet At 444 Flower St In Los Angeles
LEASEDOffice

Coretrust Capital Partners Leases 3600 Square Feet At 444 Flower St In Los Angeles

444 Flower St, Los Angeles, CA, 90071

Building Size

3,600 SF

Asset Type

Office

Closing

May 9, 2022

AI

A lease transaction has occurred for a space located at 444 Flower St, Los Angeles, CA, 90071. The property encompasses a total of 3,600 square feet within the Los Angeles market. The landlord for this transaction is Coretrust Capital Partners.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 444 Flower St, Los Angeles, CA, 90071
  • Square Feet: 3,600
  • Landlord: Coretrust Capital Partners
  • Tenant's Representatives: Craig Miller, Jeff Lipson

The individuals involved in the deal include tenant representatives Craig Miller and Jeff Lipson, who facilitated the leasing transaction for the tenant. Coretrust Capital Partners represented the landlord in this agreement.

Players

Craig Miller

Wilshire Advisory Group

Broker

$77M

vol

3 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