Prudential bought a new self-storage facility for $18.5 million in Little Havana, according to The Real Deal, marking another pricey transaction in the historic neighborhood just west of downtown.

The Real Deal reports that Broward Havana LLC sold the development, a five-story building at 641 NW 12th Ave. to a Prudential affiliate. The building features 101,000 square feet, which puts the Prudential payment at more than $180 per square foot.

Other recent commercial purchases in the area include a planned 12-story apartment building and a retail strip. Though long known for its cultural significance or the cigar shops of Calle Ocho, Little Havana may experience a changing landscape as a result of these large real estate purchases.

In The Miami Herald’s 2017 real estate report released in July, respondents selected Little Havana as their top choice for the neighborhood they would recommend to an investor “looking to make a good return five years down the road,” followed by Downtown, Brickell, and Miami Beach. Per the report, shopping, dining, and cultural offerings were areas of interest to buyers, perhaps contributing to Little Havana’s top standing.

While respondents to the Herald’s survey noted lower prices as a motivator for the neighborhood’s hot real estate prospects, its distance from sand and surf may cool desire for Little Havana down the road, according to the article.