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.
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