Sale Price: $5,500,000
Size: 5,731 SF
Fabio and Sebastian Faerman of FA Commercial at Fortune International Realty represented the developer groups Related-Terra in the sale of the Coconut Grove property of 5,731 SF with 1,000 SF of additional outdoor space/ seating for $5,500,000. This marks the second transaction in 1 week in the same building, selling out the commercial units in the park grove residences.
The Related-Terra venture also sold the retail condo on the ground floor of Park Grove Residences, a three-tower luxury condo development, to a Mexican investment group for $6 million. That space spans just under 10,000 square feet, he said. FA Commercial represented the buyer and seller in that deal.
About FA Commercial
FA Commercial is a specialized team led by Fabio Faerman. The team focuses on investment sales, landlord representation, and tenant representation. We capitalize on opportunities and provide clients with strategies for their real estate properties with a distinctive approach. Fabio Faerman is the director of the commercial division at Fortune International Realty. He has been the top producer for Fortune 9 years in a row. Since 2002, FA Commercial has sold and leased over $1 billion in assets across South Florida.