Retail Ocean Acquires Retail Land in Brickell, Miami for $6.5 Million
Retail Ocean, represented by Fabio and Sebastian Faerman of FA Commercial and Fortune International Realty, has purchased a retail land in Brickell, Miami from CMC Group, with Chris Suarez acting as the seller's representative.
In a recent deal that highlights the continued interest in Miami’s booming real estate market, Retail Ocean has acquired a prime retail land in the highly sought-after neighborhood of Brickell. The property, located at 1101 South Miami Avenue, was sold by CMC Group for a price of $6.5 million.
Brickell, known as Miami’s financial district, has experienced significant growth in recent years, attracting both local and international investors. The area is home to numerous luxury residential buildings, office towers, and retail spaces, making it a prime location for businesses and residents alike.
The retail land acquired by Retail Ocean offers a unique opportunity for development in one of Miami’s most vibrant neighborhoods. With its strategic location and high foot traffic, the property is well-suited for a variety of retail uses, including restaurants, shops, and entertainment venues.
Representing the buyer in this transaction were Fabio and Sebastian Faerman of FA Commercial and Fortune International Realty. With their extensive knowledge of the Miami real estate market and strong network of clients, the Faerman brothers were able to identify this investment opportunity and negotiate a favorable deal for Retail Ocean.
On the seller’s side, Chris Suarez acted as the representative for CMC Group. As a seasoned real estate professional, Suarez played a crucial role in facilitating the transaction and ensuring a smooth closing process.
The acquisition of this retail land by Retail Ocean further solidifies the company’s presence in the Miami market. Retail Ocean, a prominent player in the retail industry, specializes in the acquisition and development of prime retail properties in high-growth markets.
With the demand for retail space on the rise, particularly in thriving neighborhoods like Brickell, Retail Ocean’s investment in this property is expected to yield significant returns. The company’s expertise in identifying lucrative opportunities and executing successful developments positions them well for success in the Miami market.
Overall, this deal showcases the continued interest and confidence in Miami’s real estate market. Despite the challenges posed by the COVID-19 pandemic, the city’s strong fundamentals and attractive investment opportunities continue to attract buyers and investors from around the world.
As Miami’s real estate market continues to thrive, industry professionals like Fabio and Sebastian Faerman of FA Commercial and Fortune International Realty, along with Chris Suarez, play a vital role in facilitating successful transactions and driving the growth of the city’s real estate sector. Their expertise and dedication to their clients make them valuable assets in the competitive Miami market.