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.