Azora Purchases Retail Building in Florida for $16 Million

by Hayden Spiess

Miami Beach, Fla. — Azora has purchased an 18,000-square-foot retail building in Miami Beach for $16 million. Azora acquired the property, which was fully leased at the time of sale, through its subsidiary Azora Exan. The buyer plans to maintain the current operation of the building, with gradual increases to rental rates. 

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