Dr Karan Chopra Acquires Office At 3850 Southwest 40th Street From Dr Miguel Nunez For $1.355M
SOLD
$1,355,000
Florida
See Similar DealsOffice2,163 SF
Sold 10/13/2025
SOLD
Dr Karan Chopra Acquires Office At 3850 Southwest 40th Street From Dr Miguel Nunez For $1.355M
3850 Southwest 40th Street
See Similar DealsOffice2,163 SF
Sold 10/13/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$626
Total Square Footage:2,163 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,814.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,423.39
Annual Debt Service$77,080.70
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