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515 S Figueroa St, Los Ange...

Hong Kong Trade Development Council Leases 4490 Square Feet At 515 S Figueroa St
LEASEDOffice

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

Jonathan Larsen

Avison Young

Broker

$13M

vol

6 deals

Broker

John Hancock

Landlord

$174M

vol

4 deals

Landlord

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