facebook
Traded Co logo
Submit a Deal

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

5901 Broken Sound Parkway Northwest
PointingArrow
ShareContact

This Office property located in FL was sold for $29,100,000 over 2 years ago. The brokers of the deal were Tyler Kuhlman, Douglas (Doug) Mandel, and Jonathan More

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.

View Related

Deals
  • Location
    5901 Broken Sound Pkwy NW, Boca Raton, FL, USA5901 Broken Sound Pkwy NW, Boca Raton, FL, USA
  • Sale Price
    $29,100,000$29,100,000
    $285 PPSF$285 PPSF
  • Area
    101,940 SF101,940 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Tyler Kuhlman

Tyler Kuhlman

Deals31
Sold$514.4M

Jonathan More

Jonathan More

Deals8
Financed$171.7M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals7003
Volume$66B

Mission Capital

Mission Capital

Agency
Deals12
Volume$601.8M

Social

Deal Summary

SALE IMAGE: Jonathan Moore, Mark Corlew, Douglas K. Mandel, Tom Brown & Tyler S. Kuhlman DATE: 11/23/2021 ADDRESS: 5901 Broken Sound Pkwy NW MARKET: Boca Raton ASSET TYPE: Office BUYER: Brookwood Financial Partners - Tom Brown SELLER: G&C Sabre Investors - Mark Corlew BROKERS: Tyler S. Kuhlman (@TylerKuhlman_), Douglas K. Mandel & Jonathan Moore - Marcus & Millichap SALE PRICE: $29,100,000 SF: 101,940 ~ PPSF: $285 NOTE: “Debt terms were some of the most competitive we have seen to date and are a testament to the coveted sponsorship as well as the debt/equity migration to Florida,” stated Moore who provided over $21M in acquisition financing to Brookwood Financial.

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

5901 Broken Sound Parkway Northwest

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits