MIAMI (October 9, 2020)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has announced the sale of two adjacent retail properties totaling approximately 30,000 square feet at 6015 and 6023 Hollywood Blvd. in Hollywood, FL. Rang Group, Inc. acquired the .69-acre site from Jaga, LLC for $2.24 million. Alejandro Snyder and Michael B. Williams of TREIS represented both the buyer and seller in this transaction. Closing took place on Oct 9th.
The buildings are currently occupied by a CarStrada and Audio Logic. They were built in 1962 and 1965. Audio Logic has operated at this location for over 35 years, while CarStrada has leased its space for over 13 years.
The buildings are situated on Hollywood Boulevard, one parcel to the west of the intersection of Hollywood Boulevard and State Road 7.
“This property offers enormous potential for future redevelopment and fits right in with the City of Hollywood’s master plan initiative. Meanwhile, the Buyer is able to benefit from the stable, steady income stream that the current tenants provide,” stated Alejandro Snyder and Michael B. Williams. “We are thrilled for both the seller and the buyer.”
The City of Hollywood is currently updating its master plan to include major redevelopment and improvements of infrastructure along the Hollywood Boulevard and US-441 corridors. This master plan is a product of the city’s widespread effort to revitalize their most attractive retail corridors in order to foster economic growth and attract new business within the area.
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.