Shopping Center Sold for $7.65M in Riverview, FL

For Immediate Release (12/07/2019)

Fabio Faerman CCIM and Sebastian Faerman of FA Commercial – commercial division of Fortune International Realty – just closed the deal for a 21,700 SF shopping center located on 10640 New East Bay Road in Riverview, FL for $7,650,000, which translates to $353 per square foot. The Faermans represented the undisclosed buyer in the transaction.

Riverview Plaza is 100 percent leased with national and regional retail tenants including Dollar Tree, Cricket Wireless, Four Stacks Brewery, NY Nails, and Flex Suites Business Center. All tenants are signed to long-term leases and NNN lease structures positioning the buyer with a very stable income stream for many years. Riverview is one of the fastest growing submarkets in the Greater Tampa area with an average household income of $75,784 within a 5-mile radius of the shopping center.

About FA Commercial

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.

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