MIAMI (March 24, 2020)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has announced the sale of a single-tenant 2,554 square-foot freestanding building occupied by Miami Grill at 1505 S. Federal Hwy. in Dania Beach. The buyer acquired the property from Malaxa Real Estate Holdings, LLC for $1.65 million in an all-cash transaction. Adam J. Tiktin and Alejandro Snyder of TREIS represented both the seller and buyer. Closing took place March 20th.
“We are still closing, and many of our clients are considering this as an opportunity to look forward and gain a foothold in the market,” stated Tiktin, broker and president, TREIS. “Fortunately, our firm enhanced our technology platforms and digital tools prior to the pandemic. Despite the current challenges, our team is committed to providing the same personalized approach, transactional expertise and aggressive strategies that our clients have always received.”
The building was originally constructed in 1993 and completely renovated in 2016. The Miami Grill has been in operation since its original construction and has five years remaining on its 10-year original lease.
Situated on .5 acres at the signalized intersection of Sheridan Street and US-1, the building benefits from tremendous visibility of more than 65,000 vehicles per day and offers excellent access.
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; www.tiktinrealestate.com.