Fabio Faerman CCIM and Sebastian Faerman , of FA Commercial Advisors – Commercial division of Fortune International Realty – just closed the deal for a 22,950 Sq. ft. NNN investment property located on 424 N Federal Highway in Fort Lauderdale for $9,050,000 for the entire retail property, which translates to $394 per Square Foot. The Faerman’s represented the undisclosed buyer in the transaction.
The 1.42-acre site was redeveloped in 2012 and was zoned for commercial use. The current tenant in place is the nationally recognized Fresh Market, which has a long-term lease in place. Fresh market, with more than 175 stores in the United States, brings immense value to the area and to the future residents looking for housing opportunities in the area of Ft. Lauderdale.
About FA Commercial Advisors
FA Commercial is a specialized team led by Fabio Faerman focusing on Investment sales, landlord & tenant representation, market analysis, site selection, strategy selection, and portfolio overview. Our approach is distinctive, comprehensive, and thorough. We capitalize on opportunities and provide clients with strategies for their real estate properties. Fabio Faerman is the director of the commercial division at Fortune International Realty where he has been the top producer for 6 years in a row. Since 2002, Fabio and his team have sold and lease over $1Billion in assets across South Florida.