Updated Dec 2, 2024
Brookfield Property Partners Secures $305M Loan For Office Building At 725 S Figueroa St
725 S Figueroa St, Los Angeles, CA 90017, USA
$305,000,000
$324/SF
Building Size
940,000 SF
Asset Type
Office
Closing
Sep 28, 2020
About this deal
AI
The property asset involved in this transaction is an office located at 725 S Figueroa St. The property is owned by Brookfield Property Partners and the loan is provided by Morgan Stanleyand Wells Fargo. The loan amount for this transaction is $305,000,000. The office space has a total area of 940,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $305,000,000
- Address: 725 S Figueroa St
- Landlord: Brookfield Property Partners
- Lender: Morgan Stanley & Wells Fargo
- Square Footage: 940,000
The key individuals involved in this deal are Brian Kingston from Morgan Stanley and Wells Fargo.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93