Leila & David Centner Acquire Retail Property In Miami From Joan Shih For $5.5M

Aria On The Bay Ground Floor Prime Retail Space has been sold in Miami. The property, located at 488 Northeast 18th Street Cu-3 & Cu-4, offers 11,071 square feet of space. It features 20 ft high ceilings, floor-to-ceiling glass windows, utility connections, grease traps, mechanical equipment, and an oversized terrace suitable for outdoor restaurant/cafe seating. The retail space is in a desirable location in Edgewater and is zoned as T6-36A-O. The property was sold for $5,500,000, with an asking price of $6,400,000. The price per square foot came to $497.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Address: 488 Northeast 18th Street Cu-3 & Cu-4
• Market: Miami

Leila & David Centner acquired the Aria On The Bay Ground Floor Prime Retail Space from Joan Shih. Keiti Silva from Re/Max represented the buyers, while Goritza Draskovich from Cervera Real Estate represented the seller in the transaction.