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2519 East Sunrise Boulevard

Kevin Murphy Of Publix Acquires Retail Property From City National Bank Of Florida For $25M
SOLDRetail

Kevin Murphy Of Publix Acquires Retail Property From City National Bank Of Florida For $25M

2519 East Sunrise Boulevard

$25,000,000

$678/SF

Building Size

36,822 SF

Asset Type

Retail

Closing

Mar 19, 2025

AI

The property involved in this transaction is a retail asset located at 2519 East Sunrise Boulevard in Fort Lauderdale. The sale was executed on March 19, 2025, and the price for the property was $25,000,000. The asset encompasses a total square footage of 36,822.0.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $25,000,000.00
  • Buyer: Kevin Murphy - Publix
  • Seller: City National Bank of Florida
  • Market: Fort Lauderdale
  • Square Footage: 36,822.0

This transaction featured Kevin Murphy representing Publix as the buyer, while the seller was City National Bank of Florida. The deal highlights the engagement of prominent parties in the retail market within the region.

Players

P
PublixBuyer

Fort Lauderdale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93