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DTLA’s 801 Tower Trades Below Replacement Cost
Asia Pacific Capital Company arranged the sale of the 801 S Figueroa office building, also known as the 801 Tower, in Downtown Los Angeles. The sale price was not disclosed; the 25-story tower last traded in 2014 for about $175 million.
The transaction was facilitated by Eastdil Secured, with Asia Pacific Capital representing the undisclosed buyer. “This transaction not only highlights the robust demand for prime office spaces but also presents a unique opportunity for investors, given the property’s acquisition price was well below replacement cost,” said Roger Li, managing director at Asia Pacific Capital. “It’s an excellent time for individual investors to consider entering the market.”
Located in the center of Los Angeles’ financial district, 801 S Figueroa is known for its modern design, state-of-the-art facilities and strategic location, according to Asia Pacific. The building offers more than 460,000 square feet of office space, with a tenant roster that includes including leading firms in technology, finance, and law.
- ◦Sale/Acquisition
