Asia Pacific Capital Company recently facilitated the sale of the 801 S Figueroa office building, also known as the 801 Tower, in Downtown Los Angeles. The specific sale price was not disclosed; however, it is known that this 25-story tower last changed hands in 2014 for approximately $175 million.
The transaction was made possible by Eastdil Secured and Asia Pacific Capital represented the undisclosed buyer. According to Roger Li, managing director at Asia Pacific Capital, this deal showcases both a strong demand for prime office spaces and a unique opportunity for investors due to its acquisition price being significantly lower than replacement cost. He also believes that now is an ideal time for individual investors to enter into this market.
Situated in Los Angeles’ bustling financial district, 801 S Figueroa boasts modern design elements and top-of-the-line amenities. Its strategic location makes it highly desirable among businesses looking for an optimal workspace. With over 460,000 square feet of office space available within its walls,
the building’s tenant roster includes prominent companies from various industries such as technology,
finance,and law.
