Updated Jun 5, 2025
Ryan Hekmat Of Uncommon Developers Acquires Office Tower In Los Angeles For $210M
601 South Figueroa Street
$210,000,000
$201/SF
Building Size
1,042,332 SF
Asset Type
Office
Closing
Jun 4, 2025
About this deal
AI
The office asset involved in the transaction is located at 601 South Figueroa in Los Angeles, with a sale price of $210,000,000. The property encompasses a total of 1,042,332 square feet, resulting in a price per square foot of $201. This asset is a 52-story trophy tower situated at the intersection of Figueroa & Wilshire.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $210,000,000
- Address: 601 South Figueroa
- Market: Los Angeles
- Square Footage: 1,042,332
- Price Per Square Foot: $201
- Buyer: Ryan Hekmat – Uncommon Developers
- Seller: 🤫
- Broker: CBRE
Ryan Hekmat, representing Uncommon Developers, facilitated the acquisition of this property in an off-market deal, which is the largest commercial sale in LA County since January 2024. Following the purchase, Uncommon Developers awarded exclusive leasing and property management rights to Colliers.
On the Map
$210,000,000
$201/SF
Office
View full map
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Alex Beaton to view all their deals.
Browse Los Angeles office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93