Updated Sep 11, 2026
Waterbridge Capital Acquires Office Property In Los Angeles For $110M
445 S Figueroa St
$110,000,000
$156/SF
Building Size
701,888 SF
Asset Type
Office
Closing
Mar 30, 2023
About this deal
AI
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.
On the Map
$110,000,000
$156/SF
Office
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Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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