Archives for posts with tag: Commercial

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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.

Heater

Fabio Faerman represented the landlord in the signing of a Multi-Year lease for ‘Eat Greek’ new location in Brickell Avenue.

Fabio Faerman of Fortune International Realty / FA Commercial represented the landlord in this lease transaction.  

The space area is located next to La Provence in 1060 Brickell Avenue. This deal was signed for a 10 years lease plus 1/5 year option. Mr. Faerman led this second generation lease transaction from conception to execution, representing a total value of $2 Million.

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Eat Greek is an authentic, affordable Greek restaurant. This casual restaurant opened its first spot in South Beach then an expansive sibling in Edgewater, and now in the heart of Brickell Avenue. Decked out with murals of ancient gods, a vertical herb garden and a real Greek atmosphere gracious, friendly and hospitable. The varied menu hits all of the Hellenic highlights, from hummus, baba ghanoush, souvlaki and gyros to lamb chops and branzino.

Brickell, a premiere Live, Work, Play destination in south of Florida it’s a rapidly-growing area just south of downtown that is central to the city’s banking culture—and, increasingly, Miami’s culture at large. Brickell personifies the new Miami: it is rich, multicultural, and intensive, having become an “overnight neighborhood” of gleaming skyscrapers whose designs and coloration reflect the coral blue waters of Biscayne Bay.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Brickell and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of many deals such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani. Coya Restaurant already renowned in London and Dubai, Coya is an authentic yet modern Peruvian restaurant. La Cantina # 20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell. Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1, the strip mall is next to Coconut grove metrorail station.

***

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 extensiveinternational 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.

Contact Information:
Fabio Faerman • CCIM • MBA • Broker Assoc.
Cell/WhatsApp +1.786.262.9966 • Office 305.400.6395
commercial@fir.com • www.facommercial.com

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Fabio Faerman Closes Bulk Sale Of Miami Condo Units For $6.7 Million

Aug 12, 2015
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FA Commercial’s Fabio Faerman closed a $6.7 million bulk deal for a total of 21 units at Mint Condominium, located at 92 SW 3rd Street in Miami.

Faerman was the broker of record in the all cash transaction.

The deal represented an opportunity for the buyer to acquire a large number of units in the prime downtown building, strategically located in the epicenter of Miami’s flourishing cultural arts scene.

Situated on the eastern side of downtown Miami, Mint at Riverfront was built in 2010, designed by the renowned Revuelta Vega Leon  Architects and developed by Key International.

Mint – Press Release

Univision Noticias interviewed Fabio Faerman regarding Beckham Group new MLS stadium in Miami.

Watch the interview now:

Prime Development Opportunity in Biscayne Blvd.

Conveniently located on Biscayne Boulevard High Traffic Counts of 80,000+ Per Day Serves as a retail corridor Short drive to the beach Minutes away from the famous Bal Harbour Shops.

Potential Development Property Summary:

  •  Property Type:  Land
  • Lot Size:  140,697 SF
  • Dual Zoning:  BU-1A | RU-3M
  •  Area: 142,005 SQ. FT. (3.26 ACRES)
  • Commercial Office Building with 4 floors and
  • 38,000 SQ. FT.+/-
  • 3 Level parking garage with 144 cars
  • 2 Floors of apartments with appox. 42 units & about 49,000 SF of area surface parking for around 90 cars
  • Zoning is RU-3M in rear and BU-1A in front Excellent property to develop

Contact us for more information

Press Release Prime May 2015-blog

One Flagler

Article from DBR

Nearby, One Flagler at 14 NE First Ave. in downtown Miami plans a condo conversion that will sell its 141,000 square feet to investors, the Daily Business Review has learned. Following a $7 million renovation of the 1952 building, the goal is to sell office suites at $285 per square foot, according to a broker arranging the marketing.

Fabio Faerman, commercial division vice president at Fortune International Realty, told the DBR that investors can expect returns of 4.5 percent from renting the properties. Like Ballestas, he said the influx of money is coming from Latin American and European buyers looking for a cash-producing assets and feeling squeezed by the thin margins on residential condo rentals.

“The condo office product always gets hot when the residential market gets too saturated with product available for sale,” Faerman said.

 
Read full article at: http://www.dailybusinessreview.com/id=1202667920431/Downtown-Miami-Office-Space-Being-Sold-Off-To-Investors#ixzz3BVm3SOtI

Fabio Faerman sold over $70 Million in commercial properties in 2013 alone, servicing his clients as an advisor and consulting with a proven record to be a top member of the Platinum Circle of Excellence in the company since 2007 as well as the #1 Producer of the Year.

He is the Commercial Division VP since 2005 and the broker associate who developed a reputation of solid investment.  He advises international buyers, private funds, family funds and high net worth individuals.  His credentials include an MBA, CCIM certification & an Architecture Degree.

Broker Of The Year Award