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Multi-Tenant Office Building in Hollywood Sells for $1.95 Million

MIAMI (August 1, 2020)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has announced the sale of a two-story 6,670 square-foot multi-tenant office building at 1818 Sheridan St. in Hollywood, FL. Adam J. Tiktin, Alejandro Snyder and Michael B. Williams of TREIS represented both the Seller, MCCS 1818 Sheridan, LLC and the buyer, RSEJ, LLC. The building sold for $1.95 million and closed on July 30th.

“This deal is especially rewarding because we went from contract to closing throughout the challenges of COVID and successfully navigated the inspection and due diligence periods all while under quarantine,” stated Adam J. Tiktin, president and broker, TREIS. “I’m proud of my team for seamlessly adjusting to the limitations and for their hard work ensuring a seamless closing for both the buyer and seller.”

The seven-unit building was constructed in 1985 and is fully occupied by three tenants. Suites range from 600-4,070 square feet with leases averaging $24.55 per square foot.

The property sits on a 17,780 square foot lot and is conveniently located less than one half block from the corner of Sheridan Street and Federal Highway with average daily traffic counts exceeding 29,500 and 36,500 vehicles per day, respectively. The property is just two miles from the newly developed, 102-acre Dania Pointe Shopping Center and approximately one mile to Dania and Hollywood Beaches.

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.

 

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