MIAMI (June 25, 2021)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, today announced the sale of Broward Plaza, a 74,300-square foot retail center, which includes a Miami Grill outparcel, located at 4803-4963 S. State Rd. 7 in Davie for $12.8 million. El-Ad Broward Plaza LLC, an entity of El-Ad National Properties, acquired the 8.18-acre site from Saber Griffin Two, LLC. Adam J. Tiktin, president and broker of TREIS, represented both the Buyer and Seller. Closing took place June 25th.
Broward Plaza, anchored by BrandsMartUSA, Dollar General, and Big Chef, has a total of 17 tenants. The buildings were constructed in 1975. The Miami Grill was renovated in 2017.
Broward Plaza is located on the southwest corner of South State Road 7 and Griffin Road. The property has excellent visibility with traffic counts in excess of 55,000 vehicles per day along South State Road 7 and over 30,000 vehicles per day along Griffin Road.
For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.
About Tiktin Real Estate Investment 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.