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.
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