Malika Kosimova Expands Muse Beauty Salon With Lease At 1600 Collins Avenue
1600 Collins Avenue
Building Size
1,618 SF
Asset Type
Retail
Closing
Jun 17, 2024
AI
The retail property located at 1600 Collins Avenue in Miami Beach, FL, spans 1,618 square feet. This space was leased by Muse Beauty Salon from the landlord, Finvarb Companies. The lease term for this transaction is set at 10 years.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not provided
- Tenant: Malika Kosimova - Muse Beauty Salon
- Broker: Yanina Yefimova - Metro Commercial Real Estate
Muse Beauty Salon, owned by Malika Kosimova, is expanding its presence in Miami-Dade County. This renowned salon chain already operates in Aventura, Miami Gardens, Doral, and now in Miami Beach. The broker representing Muse Beauty Salon in this transaction is Yanina Yefimova from Metro Commercial Real Estate.
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93