FA Commercial represented Local Investment group in the purchase of Coconut Grove Strip Mall

Strategically located North of Coconut Grove this new project has Jimmy John' s Gourmet Sandwiches & 7-Eleven as co-tenants.
By: FA Commercial, Fortune International Realty
MIAMI - May 13, 2015 - PRLog -- Fabio Faerman of Fortune International/FA Commercial is proud to announce that he represented a local investor group in their recent acquisition of Mizzen Plaza at 2770 SW 27th Ave Miami, FL 33133. This great retail project north of Coconut Grove already has Jimmy John’s Restaurant as an anchor store.  The strip mall has 6,000-square-foot total providing a minimum of 30 feet of frontage.

The property has a convenient parking lot in the rear offering parking for all its visitors. Bays range in size from 1,100 sf to 1,500 sf and offer direct storefront visibility to 27th Avenue. Retail tenants will enjoy the ample outdoors and patio areas, ideal for their customers to enjoy Miami’s perfect weather in every visit.

Mizzen Plaza is part of the proposed underline linear park, and adjacent to a planned 184-unit apartment complex. Visible from US1 & 27th Ave, it is conveniently located directly across from the Coconut Grove Metrorail stop.

The closeness of Mizzen Plaza to the rail station made it a profitable investment, considering that County records show that proximity to Metrorail increases property values by 7-9%. “Metrorail stations make the surrounding land much easier to access, increasing its value. My clients were looking for income-producing real estate and received an $80,000 leasing credit for a vacant store in the building. Also, they were looking for a nice cap of 6.25%, which is very good for this market,” said Fabio Faerman.

In accordance with a global mentality, Fabio Faerman and his team at Fortune International/FA Commercial are always satisfied to help local and foreign investors with all their Commercial Real Estate needs.  Nevertheless, Mr. Faerman is very proud to contribute to Miami development evolution with deals like Mizzen Plaza. Faerman also recently assisted in the sale of retail space in ICON Brickell, designed by renowned firm Arquitectonica and interiors inspired by Yoo By Philippe Starck. Equally, Mr Faerman helped 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-art residences. Designed by renowned architect Carlos Ott, the building has added to Brickell’s status as an international destination.

About FA CommercialAdvisors

FACommercialAdvisorsprovidesacompleterangeofcommercialrealestatebrokerageservices–includingownerandtenantleasing,acquisitionandsales,marketingandconsulting–toowners,investorsandlesseesofallpropertytypes.Withanextensiveinternationalnetworkofrealestateprofessionalsthroughout the world,we offer local market knowledge on a global level.

About Fortune International Realty Commercial Division

TheCommercialDivisionwascreatedtoofferspecificadviceandservicetosophisticatedclients,searchingforadeepunderstandingofrealestatebusinesses.ThisdivisionhasthepurposeofcoordinatingandprovidingservicestoFortuneInternationalRealtyclientsaswellasresidentialandcommercialassociatesinterested in pursuing commercial real estate transactions.

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Tags:Commercial Real Estate, Miami, South Florida, Real Estate, Investment
Industry:Investment, Real Estate
Location:Miami - Florida - United States
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Page Updated Last on: May 15, 2015
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