The waterfront retail condo in Icon Brickell that is home to hotspot Mexican restaurant Cantina La Veinte, or Cantina La 20, has sold for $18.8 million. The tenant will remain in place with a brand-new 15-year lease, with 2 and 5-year renewal options. The two story retail condo spans 11,176 SF and is located on the Brickell Baywalk. Fabio and Sebastian Faerman of FA Commercial represented both the buyer and the seller in the off market NNN transaction.
The transaction brings the property full circle for FA Commercial as they initially represented the current seller when they first acquired the property pre-construction. FA Commercial later leased the property to Cantina La Veinte, then sold the retail condo with the tenant in place and now has sold retail property once again.
Icon Brickell is a waterfront 3-tower complex situated in the financial district of Miami which is also home to the W Miami Hotel and Cipriani Downtown Miami. Icon Brickell is located on the Brickell Baywalk and is a few blocks from Mary Brickell Village. Cantina La Veinte is located in Tower 2 at 495 Brickell Ave.
Images via FA Commercial