A matched triaxial device is developed and constructed to measure the transfer impedance of braided coaxial cables at microwave frequencies. Full-design principles of the device have been developed and given in detail in the paper. The device is particularly suited for shielding measurements at frequencies up to 3.5 GHz, for which no comparable technique exists. The performance of the device is fully evaluated both theoretically and by measurements. The accuracy of the device is studied by comparing the results against those obtained from the low-frequency International Electrotechnique Committee triple-coaxial apparatus, and using well-known theoretical models.