Manulife US REIT - Annual Report 2020
25.7 TCW Group 19.4 Quinn Emanuel Trial Lawyers 10.6 Allen Matkins Figueroa is a 35-storey Class A office building located in the South Park district of Downtown Los Angeles, two blocks away from a variety of entertainment venues. The property offers ample amenities, which include a restaurant, a coffee shop, an adjacent carpark with 841 lots and a courtesy shuttle service which travels throughout the surrounding downtown area. Land Tenure Freehold Building Completion 1991 Acquisition Date 19 May 2016 Purchase Price US$284.7 million (US$410 psf) WALE by NLA 3.3 years No. of Tenants 29 TOP THREE TENANTS BY GRI (%) GROSS REVENUE (US$ MILLION) NET PROPERTY INCOME (US$ MILLION) 2018 2019 2020 2018 2019 2020 16.1 16.0 14.5 NLA 713,789 SQ FT Occupancy 93.0 % Valuation US$ 320.0 M LEASE EXPIRY PROFILE BY NLA (%) 2021 2022 2023 2024 2025 2026+ 11.3 25.2 17.1 3.3 12.4 Class A Note: Amounts may not sum to 100.0%due to rounding. 29.9 29.8 28.2 30.8 31 ANNUAL REPORT 2020 FIGUEROA 865 S. Figueroa St, Los Angeles, CA
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