Brookfield Properties Leases 32000 Square Feet To CBRE Global Investors At 601 S Figueroa St
601 S Figueroa St, Los Angeles, CA, 9...
Building Size
32,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 601 S Figueroa St, Los Angeles, CA. This leased space comprises 32,000 square feet and is situated within the Los Angeles market. The transaction does not specify a monetary value.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 601 S Figueroa St, Los Angeles, CA
- Market: Los Angeles
- Square Feet: 32,000
- Landlord: Brookfield Properties
- Tenant: CBRE Global Investors
- Landlord's Representatives: Marin Turney & Ian Gilbert - Brookfield Properties, John Barganski - Brookfield
This transaction highlights the involvement of key representatives from Brookfield Properties in collaboration with CBRE Global Investors, marking an important lease agreement in the region. Marin Turney, Ian Gilbert, and John Barganski played significant roles in this transaction as representatives of the 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