Tom Brown Of Brookwood Financial Partners Acquires Sabre Centre I From Marc Corlew For $29M
Sabre Centre I
$29,000,000
$284/SF
Building Size
101,940 SF
Asset Type
Office
Closing
Nov 23, 2021
About this deal
AI
The property asset involved in this transaction is located at Sabre Centre I in the Centre market. The asset type is an office building, encompassing a total of 101,940 square feet. The transaction was completed for a price of $29,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $29,000,000.00
- Address: Sabre Centre I
- Market: Centre
- Square Footage: 101,940.0
- Buyer: Tom Brown (Brookwood Financial Partners)
- Seller: Marc Corlew (Grover Corlew)
- Brokers: Tyler Kuhlman
The key individuals involved in this transaction include Tom Brown representing Brookwood Financial Partners as the buyer and Marc Corlew representing Grover Corlew as the seller. Tyler Kuhlman acted as the broker in this deal.
On the Map
$29,000,000
$284/SF
Office
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Players
Centre 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93