NORTH MIAMI BEACH, Fla. (September 10, 2018)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has announced the sale of Downtown Shops, a 15,050 square-foot retail plaza at 3701-3729 Lake Worth Rd. in Lake Worth, Florida.
The seller, Downtown Shops, LLC, sold the property to Lake Worth Downtown Shops, LLC for $2.9 million. TREIS President and Broker Adam J. Tiktin represented the Seller in this transaction. Closing took place on September 10, 2018.
Anchored by Doctor’s Choice, the center sits on 1.44 acres just two miles west of I-95 between Congress Avenue and South Military Trail. Downtown Shops was constructed in 2010 and is currently 93% occupied with 1,054 square feet available for lease. The site fronts Lake Worth Road and experiences high traffic counts of over of 45,000 vehicles per day.
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.