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3850 Southwest 40th Street

Dr Karan Chopra Acquires Office At 3850 Southwest 40th Street From Dr Miguel Nunez For $1.355M
SOLDOffice

Dr Karan Chopra Acquires Office At 3850 Southwest 40th Street From Dr Miguel Nunez For $1.355M

3850 Southwest 40th Street

$1,355,000

$626/SF

Building Size

2,163 SF

Asset Type

Office

Closing

Oct 12, 2025

AI

3850 Southwest 40th Street is an office asset located in the Miami market, sold for a total of $1,355,000. The property encompasses a total square footage of 2,163 with a price per square foot of $626.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $1,355,000
  • Buyer: Dr Karan Chopra
  • Seller: Dr Miguel Nunez
  • Broker: Manny Chamizo III - Sotheby's International Realty
  • Sale Price Percentage of Asking Price: 91%
  • Number of Buyers: Multiple

Manny Chamizo III represented Dr Miguel Nunez in this transaction, assisting in the sale process of the office property. The involvement of multiple buyers indicates a competitive interest in the asset during the sale.

Players

Manny Chamizo III

Sotheby's International Realty

Broker

$199.1M

vol

30 deals

Broker

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.71%

Cash-on-Cash

-3.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93