IP Capital Partners Acquires Office Building In Sunrise From Stiles Corp. For $25M

The office property located at 1300 Sawgrass Corporate Parkway in Sunrise has been sold in a transaction. The property, spanning 112,601 square feet, was sold for a total price of $25,000,000, resulting in a price per square foot of $222. This office asset is situated on 8 acres of land, with an average price per acre of $3,125,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $25,000,000
• Address: 1300 Sawgrass Corporate Parkway, Sunrise
• Market: Sunrise

The buyer in this transaction is IP Capital Partners, represented by Jason Isaacson. On the other hand, the seller is Stiles Corp., represented by Kenneth Stiles. The deal, completed on 03/25/2021, involved the transfer of ownership of the aforementioned property.