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Fabio Faerman Completes Sale of Biscayne 88 Terrace
The Shopping Center is occupied by various tenants. The most notable anchor is Papa John’s Pizza and the USA Nail Salon. Papa John’s Pizza is the third largest take-out and delivery pizza restaurant chain in the United States with an estimated 4,000 locations worldwide. The USA Nail Salon is one of 200,000 specialty nail salons in the United States which specialize in primarily nail care services as well as manicures, pedicures and skin care services. The Terrace is conveniently located in an area that has a strong residential and touristic base for retail and service related uses and has an excellent exposure to traffic flow with an estimated report of an average weekday daily traffic (AWDT) of 51,000. In addition, there are a number of neighborhoods and community shopping centers located along the major intersections along Biscayne Boulevard and around the area as well, making it a densely populated, built-out natured area. All of the Multifamily 36 units are 100% occupied and the 7 retail units are 95.4% occupied and renovated since 2002.
Fabio Faerman and his team at FA Commercial are pleased to contribute to the progress of commercial real estate market with deals like these. Faerman also recently assisted in the sale of the land used to develop ECHO Brickell. The residential high rise on the east side of Brickell Avenue features 180 state-of-the-
About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.
About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions