DWNTWN Realty Advisors Closes Sale Of Prime Property In Miami’s MiMo District

DWNTWN Realty Advisors Executive Skyler Marinoff completed the sale of land located on a prominent corner of Miami’s MiMo District. Marinoff exclusively represented the seller of the 5900 Biscayne Blvd. and 5907 NE Fifth Ave. site and generated substantial interest from potential buyers.

DJ 2014 LLC sold the 17,325-square-foot site for $1.88 million to Cosmo Nova LLC. Cosmo is a cosmetics distribution company that plans to construct a new corporate headquarters and sales center at the site.

DWNTWN secured multiple offers. Marinoff emphasized the site’s strong location and visibility to attract both investors and owner/users. All parties involved in the transaction collaborated to navigate complex zoning issues and ongoing entitlement and permitting processes.

“This transaction reflects how our firm proactively makes deals happen and creates solutions when complexities arise,” Marinoff said. “The MiMo District has a special charm and is coming into its own as a vibrant neighborhood.”

Mariana Garber of Coldwell Banker represented the buyer.

In July 2021, Marinoff represented both the buyer and seller in the $11.6 million off-market sale of a multifamily portfolio in Miami’s Little Haiti. The portfolio is one of the largest to be assembled and acquired in the neighborhood.