Bon Bouquet Cafe Leases Space At 3865 Indian Creek Drive In Miami Beach
3865 Indian Creek Drive
$96
$96/SF
Building Size
1,500 SF
Asset Type
Hotel
Closing
Sep 15, 2023
AI
The property involved in this lease transaction is a hotel located at 3865 Indian Creek Drive in Miami Beach. The asset offers a total square footage of 1,500 square feet. The lease deal includes a sub landlord, At Mine Hospitality - Matteo Soldatini, and a sub tenant, Bon Bouquet Cafe. The property was represented by Mina Taskiran from One Sotheby's International Realty, and Mike Tewel and Lola Galloni from Buyers Realty Miami. The asking rent for this lease is $96 per square foot.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 3865 Indian Creek Drive
- Market: Miami Beach
- Sub Landlord: At Mine Hospitality - Matteo Soldatini
- Sub Tenant: Bon Bouquet Cafe
- Brokers: Mina Taskiran - One Sotheby's International Realty; Mike Tewel & Lola Galloni - Buyers Realty Miami
- Asking Rent: $96/ft.
- Square Footage: 1,500
The deal's key individuals and companies involved in this lease agreement include Mina Taskiran from One Sotheby's International Realty, as the property's broker representative. Additionally, Mike Tewel and Lola Galloni from Buyers Realty Miami acted as brokers in this transaction. The lease deal was facilitated between At Mine Hospitality - Matteo Soldatini as the sub landlord and Bon Bouquet Cafe as the sub tenant. The property's characteristics, including its location at 3865 Indian Creek Drive and the asking rent of $96 per square foot, emphasize the value of this lease agreement in the Miami Beach market.
Players
Market Hotel Market Snapshot
Boundary boundary · Hotel · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93