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
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