Tonino Doino Acquires Restaurant In MiMo District, Miami For $4.3M
SOLD
$4,275,000
Florida
See Similar DealsOther24,480 SF
Sold 07/27/2022
SOLD
Tonino Doino Acquires Restaurant In MiMo District, Miami For $4.3M
7201 Biscayne Boulevard
See Similar DealsOther24,480 SF
Sold 07/27/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$174
Total Square Footage:24,480 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$228,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,188.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,265.68
Annual Debt Service$243,188.17
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