NORTH MIAMI BEACH, Fla. (May 16, 2018)—Tiktin Real Estate Investment Services (TREIS), a commercial real estate investment sales brokerage firm, today announced that the 1,680 square-foot commercial building occupied by FedEx Office at 1218 North Monroe St. in Tallahassee, was sold to 1218 North Monroe Street, LLC for $1.285 million. TREIS President Adam J. Tiktin represented the Seller, IONSO Investment Corp., in this transaction. Closing took place on May 10, 2018.
The building sits on .35 acres and is situated on a 15,246 square-foot pad. FedEx has a 10-year lease with annual increases in the base and option periods. The FedEx Office was built in 2008 and offers direct frontage along Monroe Street, one of Tallahassee’s primary thoroughfares with traffic counts exceeding 29,000 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, 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. The investment sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies. www.tiktinrealestate.com.