Christopher Murphy Acquires Retail Property At 8868 Southwest 40th Street For $4 Million
SOLD
$4,000,000
Florida
See Similar DealsRetail4,339 SF
Sold 11/07/2025
SOLD
Christopher Murphy Acquires Retail Property At 8868 Southwest 40th Street For $4 Million
8868 Southwest 40th Street
See Similar DealsRetail4,339 SF
Sold 11/07/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$921
Total Square Footage:4,339 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 8868 Southwest 40th Street in the Miami market. The sale price for the asset was $4,000,000, with a total square footage of 4,339, resulting in a price per square foot of $921.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Buyer: Christopher Murphy
- Seller: NADG
- Broker: Alexander Machado - Matthews
The key individuals involved in this transaction include Christopher Murphy as the buyer and NADG as the seller, with Alexander Machado from Matthews representing the brokerage side of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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