Hong Kong Trade Development Council Leases 4490 Square Feet At 515 S Figueroa St
515 S Figueroa St, Los Angeles, CA, 9...
Building Size
4,490 SF
Asset Type
Office
Closing
Sep 21, 2020
AI
The property involved in this transaction is located at 515 S Figueroa St, Los Angeles, CA. It has a total square footage of 4,490 and is situated in the Los Angeles market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 515 S Figueroa St, Los Angeles, CA
- Market: Los Angeles
- Tenant: Hong Kong Trade Development Council
- Landlord: John Hancock Life Insurance Co
- Tenant's Representative: Jonathan Larsen (Avison Young)
This transaction involves key individuals and entities such as the Hong Kong Trade Development Council as the tenant and John Hancock Life Insurance Co as the landlord. The representation for the tenant was provided by Jonathan Larsen from Avison Young.
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