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725 South Figueroa Street

General Services Administration Renews Lease At Ernst & Young Plaza 725 South Figueroa Street Los Angeles
LEASEDOffice

General Services Administration Renews Lease At Ernst & Young Plaza 725 South Figueroa Street Los Angeles

725 South Figueroa Street

Building Size

94,910 SF

Asset Type

Office

Closing

Jan 6, 2026

AI

The property involved in this transaction is an office asset located at 725 South Figueroa Street in Los Angeles. The total square footage of the property is 94,910. The General Services Administration is the tenant of this office space, having renewed its lease at Ernst & Young Plaza. This renewal marks a significant event in the local commercial real estate market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 725 South Figueroa Street
  • Market: Los Angeles
  • Tenant: General Services Administration
  • Lease Size: 94,910 square feet

This lease renewal is noted as the fifth-largest office transaction in Los Angeles for Q4 2025. The renewal enhances stability for federal operations and positively impacts downtown Los Angeles's office market amidst heightened vacancy rates and federal initiatives aimed at reducing real estate costs.

Players

GA
General Services AdministrationTenant

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