NORTH MIAMI BEACH, Fla. (August 24, 2017)—Tiktin Real Estate Investment Services (TREIS), a commercial real estate investment sales brokerage, has announced the joint sale of a Starbucks and T-Mobile at 1501-1505 E. Fowler Avenue in Tampa, Florida. Both properties were sold for a total of $2,918,446. TREIS President Adam J. Tiktin represented the Seller, Orion Venture VI, LLC, in this transaction. Closing took place August 11, 2017.
The building occupied by Starbucks comprises 1,920 square feet, and the tenant has entered into a new 10-year, double-net lease with four five-year options. The building occupied by T-Mobile features 1,958 square feet, the tenant has entered into a new 10-year triple-net lease. These two freestanding buildings occupy a corner parcel totaling .91 acres of land.
The properties are situated with direct frontage and access along Fowler Avenue which experiences traffic counts in excess of 60,000 cars per day. These properties are located directly across the street from the one million square-foot University Mall and less than one mile from the University of South Florida.
Tiktin Real Estate Investment Services (TREIS) is a South Florida-based commercial real estate Investment brokerage company specializing in the sale of shopping centers, single-tenant net lease properties and office buildings in Florida. Founded in 2001 by industry veteran Adam J. Tiktin, TREIS is committed to a higher level of service and an unmatched standard of integrity. This investment sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies.
For more information, call (305) 363-4750 or (844) 4-TIKTIN or visit www.tiktinrealestate.com.