Miami-Based Centro Acquires Retail Property In Port Charlotte, Florida For $18.9M

The retail property located at 2000 Tamiami Trail in Port Charlotte, Florida has been sold. The transaction took place on 05/25/2022 and the property was sold for a total price of $18,925,000. With a total square footage of 139,500, the price per square foot for this retail asset is $136. The property is situated in a growing market in Port Charlotte.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $18,925,000
• Address: 2000 Tamiami Trail
• Market: Port Charlotte

The buyer of the property is Shai Moschowits and Dylan Fonseca, both based in Miami. They led the acquisition effort for this retail asset. The transaction was facilitated by brokers James Michalak from Plaza Advisors. The buyer sees potential in this acquisition due to the stable in-place tenancy and the opportunity for value-add through lease-up. The buyer is also focusing on retail and multifamily properties in the Florida, Georgia, and North Carolina markets.