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Waterbridge Capital Acquires Office Property In Los Angeles For $110M

Property Image
SOLD
$110,000,000
Mike Condon Jr.
Kevin Shannon
Erica Finck

California

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Office701,888 SF
Sold 03/30/2023
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Property Image
SOLD

Waterbridge Capital Acquires Office Property In Los Angeles For $110M

445 S Figueroa St

See Similar Deals
Office701,888 SF
Sold 03/30/2023
Mike Condon Jr.
Kevin Shannon
Erica Finck
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$156
Total Square Footage:701,888 SF
Transaction Type:Sale

The office property located at 445 S Figueroa St in Los Angeles has been sold in a transaction valued at $110,000,000. The property spans a total of 701,888 square feet, resulting in a price per square foot of $157. The sale was completed on 03/30/2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $110,000,000
  • Address: 445 S Figueroa St, Los Angeles
  • Market: Los Angeles
  • Buyer: Waterbridge Capital
  • Seller: KBS Realty
  • Brokers: Mike Condon Jr. & Erica Finck - Cushman & Wakefield; Kevin Shannon - Newmark
  • Square Footage: 701,888
  • Price per Square Foot: $157

The deal was facilitated by Mike Condon Jr. and Erica Finck from Cushman & Wakefield, as well as Kevin Shannon from Newmark. They represented their respective clients in the transaction, with Waterbridge Capital as the buyer and KBS Realty as the seller.

Players

Kevin Shannon
Newmark
Kevin Shannon
136 deals$9.1B volume
BROKER
Mike Condon Jr.
Cushman & Wakefield
Mike Condon Jr.
26 deals$1.2B volume
BROKER
Erica Finck
Cushman & Wakefield
Erica Finck
11 deals$648.6M volume(213) 426-3052
BROKER
WC
Waterbridge Capital
BUYER
KR
KBS Realty
SELLER

Details

SOLD
IMAGE: Mike Condon Jr., Erica Finck, Kevin Shannon & Joel Schreiber DATE: 03/30/2023 ADDRESS: 445 S Figueroa St MARKET: Los Angeles ASSET TYPE: Office BUYER: Waterbridge Capital SELLER: KBS Realty BROKERS: Mike Condon Jr. & Erica Finck - Cushman & Wakefield; Kevin Shannon - Newmark SALE PRICE: $110,000,000 SF: 701,888 ~ PPSF: $157

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