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Cosmo Nova LLC Acquires Land On 5900 Biscayne Blvd, Miami For $1.88M

Property Image
SOLD
$1,880,000

Florida

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Land17,325 SF
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Property Image
SOLD

Cosmo Nova LLC Acquires Land On 5900 Biscayne Blvd, Miami For $1.88M

5900 Biscayne BLVD, Miami, FL, 33137

See Similar Deals
Land17,325 SF
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Summary

FLORIDA
Asset Type:Land
Price Per Square Foot:$108
Total Square Footage:17,325 SF
Transaction Type:Sale

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

3 deals$15.9M volume
BROKER

Details

SOLD
IMAGE: 5900 Biscayne BLVD, Miami, FL, 33137 MARKET: Miami ASSET TYPE: Land BUYER'S REP: Mariana Garber-Coldwell Banker SELLER'S REP: Skyler Marinoff BUYER: Cosmo Nova LLC SELLER: DJ 2014 LLC PRICE: $1,880,000.00 SF: 17325

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$100,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,679.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,912.16
Annual Debt Service$106,945.91