Kevin Murphy Of Publix Super Markets Acquires Retail Property From Alex Nyhan For $83.25M
5775 Northwest 7th Street
$83,250,000
$406/SF
Building Size
204,740 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
The retail asset involved in this transaction is located at 5705, 5775 Northwest 7th Street and 720 Northwest 57th Avenue, Miami, FL. The property encompasses 12.6 acres and has a total square footage of 204,740. It was acquired for $83,250,000, translating to $407 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $83,250,000
- Square Footage: 204,740
- Price per Square Foot: $407
- Buyer: Kevin Murphy - Publix Super Markets
- Seller: Alex Nyhan - First Washington Realty
The transaction features Kevin Murphy representing Publix Super Markets as the buyer and Alex Nyhan representing First Washington Realty as the seller. This acquisition allows Publix to expand its ownership by purchasing Airpark Plaza, where it is already an anchor tenant.
On the Map
$83,250,000
$406/SF
Retail
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Players
Saint Maries 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93