For Immediate Release (10/25/2019)
Fabio Faerman CCIM of FA Commercial – Commercial division of Fortune International Realty – just closed the deal for a 13,905 SF NN investment sale Walgreens located on 630 Blanding Blvd in Orange Park, FL for $3,757,575, which translates to $270 per square foot. Faerman represented the undisclosed buyer in the transaction.
The property is located at a hard corner signalized intersection with more than 61,700 Vehicles Per Day. The current tenant in place is the nationally recognized Walgreens, which has recently exercised its first option, showing commitment to the site. Walgreens, with over 9,000 stores in the United States, brings immense value to the area and to the future residents looking for housing opportunities in the Greater Jacksonville area.
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 $1 Billion in assets across South Florida.