Tonino Doino Acquires Restaurant In MiMo District, Miami For $4.3M
7201 Biscayne Boulevard
$4,275,000
$174/SF
Building Size
24,480 SF
Asset Type
Other
Closing
Jul 27, 2022
AI
The closed property transaction in the MiMo District of Miami involved the sale of a restaurant located at 7201 Biscayne Blvd. The property spans a total of 2,563 square feet and sits on a lot measuring 24,480 square feet. The transaction took place on July 27, 2022.
Summary of transaction details
- Property Type: Restaurant
- Sale Price: $4,275,000
- Building Area: 2,563 square feet
- Lot Size: 24,480 square feet
- Market: MiMo District, Miami
Tonino Doino acted as the buyer in the transaction, while Angie Tetenes was the seller. The deal was facilitated by Alex K. Tsoulfas and Juliette Gruener from APEX Capital Realty. They represented their respective parties in the transaction.
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93