Updated Oct 29, 2024
Jade Enterprises Secures $115M Loan For Downtown LA Office Building
888 South Figueroa Street
$115,000,000
$284/SF
Building Size
405,000 SF
Asset Type
Office
Closing
Aug 5, 2019
About this deal
AI
The office building located at 888 South Figueroa Street in Downtown LA has been involved in a closed transaction. The property, with a total area of 405,000 square feet, was the subject of the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $115,000,000
- Address: 888 South Figueroa Street
- Market: Downtown LA
The lender for this transaction was MUFG Principal Commercial Capital, providing a loan of $115,000,000. Jade Enterprises acted as the landlord in the deal.
The office loan at 888 South Figueroa Street in Los Angeles, California financed for $115M in 2019. The building is 405,000 square feet, implying about 284 per square foot on the published price. This page is the Los Angeles, California file for the 888 South Figueroa Street office financed: pricing, party profiles, and other closed office comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles office set by closing date to see what else financed near 888 South Figueroa Street around 2019. Published consideration for 888 South Figueroa Street is $115M, dated 2019. Cite this Jade Enterprises Secures $115M Loan For Downtown LA Office Building loan when underwriting similar office product around Los Angeles, California.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93