MIAMI (February 19, 2021)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has been named the exclusive sales agent for Hollywood Boulevard Retail Portfolio, featuring two multi-tenant retail shopping centers at 5727-5733 and 5713-5715 Hollywood Blvd. in Hollywood, FL. Adam J. Tiktin and Steven Logan of TREIS represent the Seller and have listed the portfolio for $1.65 million.
The properties total .42 acres and include 8,364 rentable square feet. Originally constructed in 1973 and 1970 respectively, the portfolio is 79% occupied with five local tenants. Four of the five tenants are on their last lease extension period, providing investors with repositioning opportunities.
Situated off a signalized intersection of State Road 7 and Hollywood Boulevard, the centers are located on a very high traffic corridor with traffic counts of approximately 42,000 vehicles per day and just 1.2 miles from Florida’s Turnpike.
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.
