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540 South Santa Fe Avenue

Farid Yaghoubtil Of DTLA Law Group Leases 52,000 Sq Ft Office In Los Angeles
LEASEDOffice

Farid Yaghoubtil Of DTLA Law Group Leases 52,000 Sq Ft Office In Los Angeles

540 South Santa Fe Avenue

Building Size

52,000 SF

Asset Type

Office

Closing

Aug 11, 2025

AI

The property involved in this lease transaction is an office space located at 540 South Santa Fe Avenue in Los Angeles. The asset spans 52,000 square feet and is situated in the Arts District, contributing to the rising law firm office absorption in Greater Los Angeles.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 540 South Santa Fe Avenue
  • Market: Los Angeles
  • Tenant: Farid Yaghoubtil
  • Tenant Company: DTLA Law Group
  • Previous Location: 612 S. Broadway
  • New Space Opening Date: Sept. 1

Farid Yaghoubtil represents DTLA Law Group, which is relocating its headquarters to the new space, effectively more than doubling its previous size. This expansion will enable the firm to add more attorneys and enhance its litigation capacity.

Players

Farid Yaghoubtil

Tenant

$16.5M

vol

4 deals

Tenant

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