NORTH MIAMI BEACH, Fla. (December 19, 2018)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has been named the exclusive sales agent of a 9,440 square-foot retail center anchored by Starbucks at 6051-6071 Coral Ridge Dr. in Coral Springs. TREIS President and Broker Adam J. Tiktin has listed the property on behalf the Sellers, Street Front Properties, LLC and PALS Properties, LP, for $4.87 million.
The center is fully occupied by seven tenants, averaging approximately 1,350 SF per space. In addition to Starbucks, tenants include T-Mobile, Supercuts, GNC and Cache Cleaners, among others. Four of the tenants have occupied the center since the property was originally constructed in 2003, demonstrating their strong commitment to this location.
The property is a shadow outparcel to a Walmart Supercenter and located on the signalized corner of Coral Ridge Drive and Holmberg Road. Coral Ridge Drive is a busy artery that connects to the Sawgrass Expressway. Average traffic counts along the Sawgrass Expressway exceed 75,000 vehicles per day.
In another high-profile transaction, TREIS recently sold a $42.95 million Heron Bay office and retail portfolio located directly across the street. 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.