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2901 Broadway In West Palm Beach Sells For $1.25 MILLION

NORTH MIAMI BEACH, Fla. (October 5, 2018)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has announced the sale of 2901 Broadway, a 4,604 square-foot detox center, in West Palm Beach, Florida.

The Seller, 2901 Broadway, LLC, sold the property to Yelena and Lev Storonkin in an all-cash deal for $1.25 million. TREIS Senior Associate Cliff Weisner represented the Seller in this transaction. Closing took place on October 5, 2018.

“This is the third successful transaction with the Seller in the past 24 months,” stated Weisner. “TREIS is also currently exclusively representing the Seller on the sale of his headquarters, the 2600 Quantum Office Campus, located in Boynton Beach.

The center includes two one-story buildings with a total of eight individual units. The 16-bed campus includes 12 detox beds and four residential beds. The property is situated on a corner lot that is just under a third of an acre and completely secured by two security gates. The buildings were originally built in 1953 and completely renovated in 2015. 2901 Broadway has been operating as a detox facility since the renovation. Under the new ownership, the center will continue operating as a detox center.
2901 Broadway is conveniently located on the corner of 28th St. and Broadway (US-1), just three blocks north of Northwood Road in Northwood Historic Village, one of West Palm Beach’s most vibrant neighborhoods.

For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.

About Tiktin Real Estate Services
Tiktin Real Estate Investment Services (TREIS) is a South Florida-based commercial real estate investment sales brokerage firm specializing in the sale of shopping centers and office buildings in Florida and single-tenant net lease properties nationally. Founded in 2001 by industry veteran Adam J. Tiktin, TREIS is committed to a higher level of service and an unmatched standard of integrity. The investment sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies. www.tiktinrealestate.com.

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