Ed Napleton Purchases Office Building From Torburn Partners For $48.5 Million In Sunrise
SOLD
$48,500,000
+ 2
Florida
See Similar DealsOffice83,551 SF
Sold 12/15/2025
SOLD
Ed Napleton Purchases Office Building From Torburn Partners For $48.5 Million In Sunrise
7300 West Sunrise Boulevard
See Similar DealsOffice83,551 SF
Sold 12/15/2025
+ 2
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$580
Total Square Footage:83,551 SF
Transaction Type:Sale
The property asset involved in this transaction is an office located at 7300 West Sunrise Boulevard in the Sunrise market. It was sold for $48,500,000, encompassing a total square footage of 83,551, which translates to a price per square foot of $580.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $48,500,000
- Address: 7300 West Sunrise Boulevard
- Market: Sunrise
- Square Footage: 83,551
- Price Per Square Foot: $580
- Buyer: Ed Napleton
- Seller: Torburn Partners
- Broker: Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi & Mike Ciadella - Cushman & Wakefield
The deal involved key individuals including the buyer Ed Napleton and the seller Torburn Partners. The transaction was facilitated by a brokerage team from Cushman & Wakefield composed of Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, and Mike Ciadella, who represented both parties involved in the transaction.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$172,310.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$229,914.74
Annual Debt Service$2,758,976.92
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