A Sunrise office building has changed ownership in a $20.5 million transaction, with Brookwood Financial Partners acquiring the property from NAI Merin Hunter Codman and C-III Capital. The sale gives the sellers a modest gain, though the available details do not specify their purchase price, the building’s size or its address.
Key takeaways
- Brookwood Financial Partners is the buyer of the Broward County office property.
- NAI Merin Hunter Codman and C-III Capital are identified as the sellers.
- The transaction price was $20.5 million, producing a modest gain for the sellers.
- The property’s address, physical details and the sellers’ original investment were not disclosed in the available information.
Transaction details
The sale involves an office building in Sunrise, a city in Broward County. Brookwood Financial Partners acquired the property for $20.5 million from the seller group identified as NAI Merin Hunter Codman and C-III Capital. The reported outcome was a modest gain for the sellers, but no dollar amount or percentage was provided.
What the available information leaves unclear
The deal details do not identify the building by name or address, or provide its size, occupancy, tenant roster or other property characteristics. The sellers’ acquisition date and purchase price are also not stated, so the gain cannot be independently quantified from the disclosed figures.
No information was provided about Brookwood’s plans for the property, including whether it intends to hold, renovate or reposition the building. The transaction establishes a new owner and sale price, but does not indicate what may happen to the asset next.
- NAI Merin Hunter Codman, C-III Capital sell Sunrise office building to Brookwood Financial Partners, The Business Journals.