Cosmo Nova LLC Acquires Land On 5900 Biscayne Blvd, Miami For $1.88M
5900 Biscayne BLVD, Miami, FL, 33137
$1,880,000
$108/SF
Building Size
17,325 SF
Asset Type
Land
Closing
Nov 20, 2023
AI
The property involved in this transaction is a land asset located at 5900 Biscayne Blvd, Miami, FL, 33137. The site is situated in the Miami market and spans 17,325 square feet. It was sold for a total price of $1,880,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,880,000.00
- Address: 5900 Biscayne Blvd, Miami, FL, 33137
- Market: Miami
- Buyer: Cosmo Nova LLC
- Seller: DJ 2014 LLC
- Buyer’s Representative: Mariana Garber - Coldwell Banker
- Seller’s Representative: Skyler Marinoff
- Square Footage: 17,325
Skyler Marinoff of DWNTWN Realty Advisors represented the seller, DJ 2014 LLC, during the transaction and effectively attracted significant interest from potential buyers. The buyer, Cosmo Nova LLC, is a cosmetics distribution company intending to establish a new corporate headquarters and sales center on the property. The transaction involved navigating various complex zoning issues and entitlement and permitting processes.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.44%
Cash-on-Cash
-2.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93