Santona Corner trades for $17.5 million

Benjamin Silver and Douglas Mandel
Benjamin Silver and Douglas Mandel

Santona Corner, a retail property in Coral Gables, changed hands for $17.5 million.

ABC Properties of New York paid about $470 per square foot for the 1430 South Dixie Highway building in a transaction recorded on Wednesday, according to Miami-Dade County records. Santona Corner includes 37,130 square feet of retail space and a private parking garage with 159 spaces. The seller, Danny Taha’s Santona Corner LLC, completed the building in 2008.

No financing was recorded.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Marcus & Millichap first vice president of investments Douglas Mandel and associate vice president of investments Benjamin Silver arranged the sale.

“This was an opportunity for an investor to acquire a trophy retail asset across from the University of Miami with prominent and high exposure on busy U.S. 1,” Silver said. — Eric Kalis