Archives for posts with tag: Commercial Properties

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July 25, 2017 (Miami, FL) – Prime office condominium located at 1000 Brickell Avenue has sold for about $900,000. Fabio Faerman from Fortune International Realty/FA Commercial Advisors was the broker representing both parts.

After being paying rent for, Faerman advised the buyer to about the benefits of purchasing instead of renting in a market where vacancy is as low as 9.4 percent in the second quarter of 2017. The office market in Miami-Dade has seen rental rates increased during 2017 which shows a continued demand for luxury office. Purchasing of the property made perfect sense for the client.

The building is in the heart of the financial district and offers deluxe office spaces. The proximity to major entertainment centers such as Mary Brickell Village and the new Brickell City Centre make of the subject property an exceptional asset. The unit features nice private offices and large space area. Plenty of sunlight from oversized windows and six assigned parking spaces.

“Investors interest is focused on the Great Miami Area, properties like the 1000 Brickell avenue offers a perfect opportunity to any investor to capitalized their money or for an end-user to settle their business in one of the most exclusive areas in Miami. In this case, we advised the clients on the purchasing of the property, based on the benefits of buying, amortization, depreciation, mortgages interest, deduction, etc.” Said Fabio Faerman, FIR Commercial Director.

About Fabio Faerman

CEO of FA Commercial Advisors and Commercial Division Director at Fortune International Realty. Also, a CCIM member, Commercial Real Estate Investment Advisor, Broker Associate, and for the last four consecutive years, he has been awarded as the #1 Nationwide Top Broker of Fortune International Realty.

 

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July 25, 2017 (Miami, FL)Fabio Faerman Fortune International Realty/Fa Commercial Advisors represented the landlord in the signing of a Multi-Year lease for a full-floor office space at one of the most prestigious downtown mixed-use building. 

Genius Plaza, New York based-company has signed a $1.5M lease deal for the entire 12,000-square-foot fourth floor at the 63-Story 900 Biscayne. The leading provider of high-performance education platform solutions is opening its first office in Miami and creating more than 50 new jobs in Miami-Dade County.

Key Facts:

  • Gross Lease deal with 3% annual increases.
  • Unique characteristics of the property which include private offices, conference rooms, open co-working space, kitchen, Meeting Rooms & Event/ Studio Space.
  • Exceptional well-located office space in downtown Miami
    • Almost across the street from Museum Park, PAMM, American Airlines Arena, Patricia and Phillip Frost Museum of Science, Adrienne Arsht Center for the Performing Arts.
    • Attractive Demographic Profile — Exceptionally well located in affluent, business, and densely populated downtown Miami Area
    • High Traffic Intersection — With an Annual Average Daily Traffic (AADT) 41,000 on Biscayne Boulevard.
    • Very Walkable – 87 Walk Score.
    • Adjacent to the New Development Miami Worldcenter.
    • 4 Blocks away from All Aboard Florida.
    • Just a few blocks from Brickell and Brickell City Centre.
    • Metro Mover Station behind the building.

 Key Quote:

Fabio Faerman, Commercial Director, Fortune International Realty, and CEO Fa Commercial Advisors.

“This deal represented a unique opportunity for Genius Plaza who was looking to establish their multicultural education platform in Miami. Downtown is the commercial heart of one of Florida’s largest population, purchasing, and employment market; which makes it the destination for global business and that is the reason companies strategically choose it to be a part of the city’s core.”

Genius Plaza was created by a diverse group of educators, programmers, designers, and leaders who believe that education is the only sustainable development vehicle that is available to all, with access as the only barrier.

About Fabio Faerman

CEO of FA Commercial Advisors and the Commercial Division at Fortune International Realty. Also, a CCIM member, Commercial Real Estate Investment Advisor, Broker Associate, and for the last four consecutive years, he has been awarded as the #1 Nationwide Top Broker of Fortune International Realty.

 

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BrickellHouse & Fabio Faerman on the article published at TRD-Miami

 

July 25, 2017 (Miami, FL)Fabio Faerman Fortune International Realty/FA Commercial Advisors completed the sale of Brickell House ground floor retail at 1300 Brickell Bay Drive in Miami, Florida, to a European private investor. Brickell House’s high-end retail space was sold for $5.2 million and the sale netted 5% CAP rate for the investor. Mr. Faerman represented both parties in the transaction.

The commercial space totals 4,083 square feet on the ground floor and 1,104 square feet on the mezzanine level. The sale breaks down to about $1000 per square foot. The subject property houses “La Petite Maison” – the famous upscale French-Mediterranean eatery with locations in Dubai and London.

This is the first US location for the London-based French restaurant. Arjun Waney, the restaurateur known for Zuma and most recently Doa, is behind the international concept of “La Petite Maison”

Faerman, FIR Commercial Director and FA Commercial CEO, commented on the latest transaction. “This is a high-quality, class “A” asset with an excellent credit tenant in place – La Petite Maison – in an extremely strong submarket such as Brickell. This income producing property certainly represented a unique opportunity to own a prime retail space in Brickell, a very attractive market to both local and international investors.”

Miami is undoubtedly a global destination; a cultural and social axis where people and cultures mingle and grow, creating a metropolitan platform ideal for cultural and international venues.

Fabio Faerman and his team have consistently contributed to the progress of Brickell and the entire South Florida commercial real estate landscape by acting as a broker/consultant on high-profile transactions. Recently, Mr. Faerman proudly assisted on the closing of notable deals such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani,  and La Cantina Veinte, a refined Mexican locale in a glitzy space with an outdoor patio and authentic curios in the heart of Brickell.

 

 

About Fabio Faerman

CEO of FA Commercial Advisors and the Commercial Division at Fortune International Realty. Also, a CCIM member, Commercial Real Estate Investment Advisor, Broker Associate, and for the last four consecutive years, he has been awarded as the #1 Nationwide Top Broker of Fortune International Realty.

Hannya Banner

 

Fabio F. Faerman of FA Commercial is proud to announce the recent lease of the magnificent space at 1060 Brickell which will be home to the soon-to-be-open Hannya, a premier Japanese restaurant specializing in Asian cuisine. Faerman brokered the deal as a representative of the landlord. The new lease will be for 16 years with the total value being worth $3.5 million.

Hannya (means Wisdom in Japanese) is pleased to bring the passion of Asian Food to Brickell. Customers will be able to enjoy an exquisite sushi experience complete with top quality ingredients all included in a beautiful presentation. Additionally, Hannya will be presenting fine Korean and Vietnamese dishes such as “Pho” which represent the very best homeland cuisine and will be included in the Saturday and Sunday brunch menus.

Hannya is the creative work of Larry Chi, a distinguished chef who has gradually established himself as one of the elite chefs in South Florida. Larry is no strangers to the art of Sushi. He is a third generation restaurant owner with many years of experience. More than 20 years ago, Larry Chi started his venture as one the youngest sushi chefs in Miami. In 1993 he opened Akashi Sushi, a restaurant that is currently well known in the Miami community for its highly tasty and delicately crafted sushi. Since then, Akashi Sushi has been serving the surroundings of South Miami and their reputation for top quality food keeps growing.

Larry had always desired to share the experience that the city of South Miami has been enjoying for many years with other Miami residences, primary Brickell and Downtown Miami. When the opportunity presented itself, he was more than happy to take it. Hannya will open its doors to customers in early September and will be located next to the select restaurants such as La Lupita, L’entrecote de Paris, as well as the high-end Roberto Giordano salon. It will also be a short walk away to Mary Brickell Village and the $1.05 billion Brickell City Centre.

Fabio Faerman and his team at FA Commercial are pleased to contribute to the progress of commercial real estate market with deals like these. Faerman also recently assisted in the lease of Cipriani, La Cantina No.20, and a high-end restaurant located at 999 Brickell.


About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.

About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.