Two Little Havana retail properties command $11.19M

The new owner is Gamla LLC, managed by Dov Ohayon in Plantation, and its newly purchased properties are separated by one single-family home

May.May 13, 2018 03:45 PM

Little Havana (Credit: CNN)

A company run out of Broward County paid $11.19 million for two properties that span two acres in Miami’s Little Havana.

Gamla LLC, managed by Dov Ohayon in Plantation, paid $7.5 million for a 1.59-acre property in the 1100 block of Flagler Street that extends to Northwest First Street and Northwest 11th Street.

The property has 26,223 square feet of retail space and is located in an area of Little Havana densely populated by stores and restaurants.

The sellers were Rodri Corp. and 1125 Holdings, both led by managers Bernadino Rodriguez and Martha Rodriguez.

Gamla also paid $3.69 million for an aging retail building at 1139 West Flagler Street and 1140 Northwest First Street.

Built in 1957, the retail building measures 8,952 square feet, less than half the size of the 19,000-square-foot lot.

The seller was Paradise Apartments, which is managed by Caridad Sotolongo and Ignacio Sotolongo.

Gamla could turn the two Little Havana properties into a contiguous assemblage by snagging a house at 1110 Northwest First Street. [South Florida Business Journal]Mike Seemuth

Related Articles

Daily Digest Miami

Soffer in talks to buy Diplomat resort in Hollywood, 1-800 PetMeds founder sells Miami Beach house: Daily digest

Clockwise from left: 401 Southwest 17th Avenue, Alfonso Jaramillo, and Andros Sarduy 

Beraja family picks up Little Havana apartments

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M