TML Associates Acquires Tamarac Retail Property For $6.5M

The retail property located at 6510-6566 & 6570-6596 N. University Drive in Tamarac has been sold for $6,500,000. The transaction took place on December 7, 2020. The property spans 30,000 square feet, resulting in a price per square foot (PPSF) of $217. The sale was facilitated by TML Associates, represented by Sam & Rachel Oz, who acted as the buyer, and Mural Development, represented by Allan E. Ciftci, Genghiz Erden, and Murat Ercan, who served as the seller.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,500,000
• Date: December 7, 2020
• Address: 6510-6566 & 6570-6596 N. University Drive, Tamarac
• Market: Tamarac
• Buyer: TML Associates - Sam & Rachel Oz
• Seller: Mural Development - Allan E. Ciftci, Genghiz Erden & Murat Ercan
• Square Footage: 30,000
• PPSF: $217

The buyer, TML Associates, was represented by Sam & Rachel Oz. The seller, Mural Development, was represented by Allan E. Ciftci, Genghiz Erden, and Murat Ercan.