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601 S Figueroa St, Los Ange...

Preferred Bank Leases 37000 Square Feet At 601 S Figueroa St Los Angeles From Brookfield Properties
LEASEDOffice

Preferred Bank Leases 37000 Square Feet At 601 S Figueroa St Los Angeles From Brookfield Properties

601 S Figueroa St, Los Angeles, CA, 9...

Building Size

37,000 SF

Asset Type

Office

Closing

May 24, 2018

AI

The property involved in this transaction is located at 601 S Figueroa St, Los Angeles, CA, encompassing a total area of 37,000 square feet. The market for this lease transaction is Los Angeles. The landlord for this property is Brookfield Properties, with Preferred Bank acting as the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 601 S Figueroa St, Los Angeles, CA
  • Square Feet: 37000
  • Market: Los Angeles
  • Tenant: Preferred Bank
  • Landlord: Brookfield Properties
  • Tenant's Representative: James Travers - Cresa Los Angeles

This transaction features key individuals and companies involved, highlighting James Travers from Cresa Los Angeles as the representative for the tenant, Preferred Bank. The landlord, Brookfield Properties, is responsible for the property management and leasing terms associated with this deal.

Players

James Travers

Cresa

Broker

3 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

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