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
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