Brookwood Financial Partners Acquires Office Building In Boca Raton For $29.1M

Brookwood Financial Partners has acquired an office property located at 5901 Broken Sound Pkwy NW in Boca Raton. The transaction, which took place on November 23, 2021, involved a sale price of $29,100,000. The office building spans approximately 101,940 square feet, resulting in a price per square foot of $285. The seller, G&C Sabre Investors, was represented by Mark Corlew. On the buyer's side, Tom Brown of Brookwood Financial Partners led the acquisition. The deal was facilitated by brokers Tyler S. Kuhlman, Douglas K. Mandel, and Jonathan Moore of Marcus & Millichap.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,100,000
• Address: 5901 Broken Sound Pkwy NW, Boca Raton
• Square Footage: 101,940
• Price Per Square Foot: $285
• Buyer: Brookwood Financial Partners - Tom Brown
• Seller: G&C Sabre Investors - Mark Corlew
• Brokers: Tyler S. Kuhlman, Douglas K. Mandel, and Jonathan Moore - Marcus & Millichap

This transaction showcased the competitive nature of the debt terms, with financing exceeding $21 million provided by Jonathan Moore to Brookwood Financial Partners. It also reflects the growing interest in investing in Florida, as demonstrated by the migration of debt and equity to the state.