FA Commercial Closes Retail Space Sale For Nightclub At $1,232 PSF

Mar 02, 2020 No Comments by

Fabio Faerman and Sebastian Faerman of FA Commercial, the commercial division of Fortune International Realty, just closed on the sale of an approximately 6,900 square-foot space located at 801 Brickell Bay Drive. The retail space was sold for $8,500,000, which translates to  approximately $1,232 per square foot.

The international buyer will be an end user of the space.

The space is part of the 13,437-square-foot Brickell Bay Boardwalk project.

FA Commercial is in the process of leasing the remaining 5,411 square feet of the ground floor level and second generation mezzanine restaurant.

The Faermans helped the Seller, which was represented by Robert Rivani of Black Lion Investment Group, Inc., in the design process of the new layout for the Boardwalk project.  Mr. Rivani had transformed a former storage and office space that had not been used in over 50 years into a new only-of-its-kind waterfront development for the Brickell trade area.  Brickell Bay Boardwalk features stunning water views to Mandarin Oriental Hotel, increased ceiling heights, and a new entrance to the mezzanine level ready for another restaurant user.

 

 

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Industry News, Miami-Dade County Retail, NA, Retail
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