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Former Casa Santino Restaurant sells last remaining property for $1.2M

Casa Santino and social club of 1940’s – 1950’s was frequented by iconic celebrities including Frank Sinatra, Jimmy Durante, Tony Bennett, Dean Martin, Lucille Ball and others

10905 Biscayne Boulevard, the former site of Casa Santino Restaurant, sold for $1.2M.  Fabio Faerman and Jonathan Molano of FA Commercial Advisors / Fortune International Realty represented the seller in this transaction. This iconic property was sold in an all-cash deal.

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Fran Sinatra was one of the many celebrities that used to hangout at Casa Santino

Biscayne corridor is the place in Miami where historic meets hip. Where the worlds of art, culture, cuisine and entertainment collide. It’s the heart of the city. The Biscayne Corridor is now experiencing a cultural and commercial renaissance, attracting the attention of retailers, developers, restauranteurs and the artistic community worldwide.

“The retail corridor in Miami Shores and North Miami Drive is somewhat of a ‘hidden’ investment gem – in just 8 months’ time I have seen price-per-square-foot profits nearly double,” says Molano. The area for commercial deals is rapidly growing and brimming with tremendous development potential. Just last April, Molano and Faerman represented both the seller and the buyer at 11601 Biscayne, which closed at $65 psf.  FA Commercial currently has 3.5 acres on the market at 11201 Biscayne Boulevard as well as other off-market opportunities.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Miami 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 4322 Hollywood Blvd., a former Blockbuster property. 16,676 SF residential lands located in Elm Street & N Surf Rd in Hollywood, FL. La Cantina #20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell; and Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1.

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.

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Shopping Center 1 Shopping Center 2

FA Commercial is proud to announce the recent sale of the Plaza 8 St. Neighborhood Shopping Center located at 9600 SW 8th St. in Miami. The property was sold for $8,450,000. Fabio Faerman of FA Commercial brokered the deal as a representative of the seller. In the midst of the process, the side lot had to be appraised in order to be part of the deal. The result of the appraisal brought the property value to the price proposed by FA Commercial.

The 55,814-square-foot plaza, built in 1988, is currently 96 percent leased to tenants including New Era Health Center and Pizza Hut. New Era Health Center is a provider of mental health services and Pizza Hut is a national tenant with over 6,000 restaurants in the United States.

The location of the plaza provides the buyer with a unique opportunity for future growth, given the condensed population within the area. Sitting between the Florida Turnpike, Palmetto and Dolphin Expressway, the area attracts a strong amount of traffic with around 54,500 vehicles passing by per day. The plaza itself has direct access to two streets.

The plaza provides those in the area with a destination to seek services or simply go shopping. The land also has the potential to add a freestanding building and bring another national tenant into the community.

Fabio Faerman and his team at FA Commercial are pleased to contribute to the progress of Miami’s commercial real estate market with deals like these. Faerman also recently assisted in the sale of the land used to develop ECHO Brickell. The residential high rise on the east side of Brickell Avenue features 180 state-of-the-art residences. Designed by renowned architect Carlos Ott, the building has added to Brickell’s status as an international destination.

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.