HOMESTEAD

WAREHOUSE SELLS

FOR $1.75 MILLION

Location: 701 S. Homestead Blvd.

Seller: American National Self Storage, represented by Edward Westpy, president.

Buyer: Homestead US 1 Self Storage, represented by Matthew Rotolante, managing member.

Price: $1.75 million or $42.56 per square foot based on 41,115 square feet of building area, or $17.47 per square foot based on 100,188 square feet of total land area.

Total Assessed Value (2009): $2,426,732 or $59.02 per square foot of building area, or $24.22 per square foot of total land area.

Financing: $1,225,000 provided by TIB Bank.

The warehouse was built in 1986 and is situated on 2.3 acres. No prior sales reported.

TAMARAC

RETAIL BUILDING

SELLS FOR $2,575,000

Location: 7300 W. McNab Rd.

Seller: Yomtob Acquisitions, represented by Ben Yomtob, manager.

Buyer: Tamarac Commons, represented by Victor A. Lombardi and Robert Morvillo, managers.

Price: $2,575,000 or $96.20 per square foot based on 26,766 square feet of building area, or $29.09 per square foot based on 88,533 square feet of total land area.

Total Assessed Value (2009): $1,685,000 or $62.95 per square foot of building area, or $19.03 per square foot of total land area.

Financing: $1,802,500 provided by Regent Bank.

The retail building was built in 1975 and is situated on 2.03 acres. Previous sales reported were in May 2008 for $2 million and in December 1992 for $810,000.

HOLLYWOOD

OFFICE BUILDING

SELLS FOR $940,200

Location: 4040 Sheridan St.

Seller: 4040 Sheridan, represented by Rudolph McGlashan, manager.

Buyer: Joe Dimaggio Building, LLC, by Laurie E. Milgrin irrevocable trust, represented by Morris Engelberg, trustee.

Price: $940,200 or $139.77 per square foot based on 6,727 square feet of building area, or $151.65 per square foot based on 6,200 square feet of total land area.

Total Assessed Value (2009): $976,270 or $145.13 per square foot of building area, or $157.46 per square foot of total land area.

Financing: $940,125 provided by OptimumBank.

The office building was built in 1984 and is situated on .14 acres. Previous sales reported were in May 2005 for $1.08 million and in January 2000 for $610,000.

DAVIE

RETAIL BUILDING

SELLS FOR $525,000

Location: 4232 SW 64th Ave.

Seller: Ettore DeTorres, John DeTorres and Catherine Angella, successor trustee of the Margaret DeTorres declaration of revocable trust.

Buyer: Delucia Properties, represented by Christopher R. Delucia and Brigette A. Delucia, managing members.

Price: $525,000 or $140.64 per square foot based on 3,733 square feet of building area, or $47.16 per square foot based on 11,133 square feet of total land area.

Total Assessed Value (2009): $347,710 or $93.14 per square foot of building area, or $31.23 per square foot of total land area.

Financing: $262,500 provided by Regent Bank.

The retail building was built in 1963 and is situated on .26 acres. A prior sale reported was in May 1966 for $19,500.

MIAMI

WAREHOUSE SELLS

FOR $2.12 MILLION

Location: 12050 NE 14th Ave.

Seller: Stop Hunger, represented by Tatyana Kats, president.

Buyer: Savits Enterprises III, represented by Christopher Savits, director.

Price: $2.12 million or $41.46 per square foot based on 51,131 square feet of building area, or $12.80 per square foot based on 165,565 square feet of total land area.

Total Assessed Value (2009): $3,245,407 or $63.47 per square foot of building area, or $19.60 per square foot of total land area.

Financing: No financing reported.

The warehouse was built in 1972 and is situated on 3.8 acres. Previous sales reported were in July 2002 for $2.06 million and in September 1999 for $1.85 million.

Michael Y. Cannon is managing director of Integra Realty Resources., AREEA/South Florida. For more information about AREEA: www.irr.com.