FA Commercial Sells NNN Retail Property On Brickell Ave For $18.8M

A retail property located at 425 Brickell Ave in Miami has been sold for $18,800,000. The property spans 11,176 square feet, resulting in a price per square foot of $1,682. The sale was facilitated by Fabio Faerman and Sebastian Faerman from FA Commercial, who served as both the sellers and brokers in the transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,800,000
• Address: 425 Brickell Ave
• Market: Miami

This transaction marks a significant milestone for FA Commercial, as they were the sole broker in the off-market sale of this triple-net leased retail property. Notably, FA Commercial has been involved in various stages of this property's journey, including selling it as a retail condo in the pre-construction phase, leasing it to Cantina la 20, selling the retail condo with the tenant in place, and now trading the retail property once again. Their total deal volume within the Icon Brickell location alone has surpassed $50 million.