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3865 Indian Creek Drive

Bon Bouquet Cafe Leases Space At 3865 Indian Creek Drive In Miami Beach
LEASEDHotel

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

Mike Tewel

Broker

$9.1M

vol

4 deals

Broker
MH
Mine HospitalityLandlord

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