DEERFIELD BEACH

OFFICE BUILDING

ACQUIRED FOR $1.2M

Location: 1300 E. Hillsboro Blvd.

Seller: Denise A. Ashleman.

Buyer: Stealth Development, USA, represented by Michael E. Bellefeuille, president and Mary C. Valera, vice president.

Price: $1.2 million or $128.38 per square foot based on 9,347 square feet of building area, or $110.03 per square foot based on 10,906 square feet of total land area.

Total Assessed Value (2009): $925,910 or $99.06 per square foot of building area, or $84.90 per square foot of total land area.

Financing: $1,025,000 provided by DiMartini Family Trust.

The office building was built in 1974 and is situated on .25 acre. Prior sales reported were in August 1986 for $600,000 and in June 1981 for $405,000.

WESTON

OFFICE BUILDING

SELLS FOR $650,000

Location: 1950 N. Commerce Pkwy.

Seller: Casa Roca, represented by Tarcisio Noguera Nino, president.

Buyer: Coshapnik II, represented by Ira D. Cohen, managing member.

Price: $650,000 or $129.59 per square foot based on 5,016 square feet of building area, or $119.79 per square foot based on 5,426 square feet of total land area.

Total Assessed Value (2009): $1 million or $199.36 per square foot of building area, or $184.30 per square foot of total land area.

Financing: $552,500 provided by Regions Bank.

The office building was built in 2000 and is situated on .12 acres. A prior sale reported was in August 1999 for $637,500.

MIAMI

RETAIL BUILDING

SELLS FOR $270,000

Location: 129 SW 57th Ave.

Seller: Formerio A. Puerto.

Buyer: Medical Advance Billing Corp. and CJ Tech Corp., represented by Jose L. Abreu, Jr., president.

Price: $270,000 or $146.90 per square foot based on 1,838 square feet of building area, or $106.93 per square foot based on 2,525 square feet of total land area.

Total Assessed Value (2009): $184,017 or $100.12 per square foot of building area, or $72.88 per square foot of total land area.

Financing: $150,000 provided by Formerio Puerto.

The retail building was built in 1954 and is situated on .06 acre. A prior sale reported was in January 1974 for $28,700.

POMPANO BEACH

WAREHOUSE SELLS

FOR $544,000

Location: 1938 NW 33rd Ct.

Seller: Robert Allard Pool Contracting, represented by Robert E. Allard, Jr., president.

Buyer: Jose Cesar Litenski and Chrissie Litenski.

Price: $544,000 or $453.33 per square foot based on 1,200 square feet of building area, or $20.56 per square foot based on 26,454 square feet of total land area.

Total Assessed Value (2009): $281,180 or $234.32 per square foot of building area, or $10.63 per square foot of total land area.

Financing: $435,200 provided by Robert Allard Pool Contracting.

The warehouse was built in 2006 and is situated on .61 acre. A prior sale reported was in February 1990 for $140,000 (land only).

POMPANO BEACH

OFFICE BUILDING

SELLS FOR $2.85M

Location: 2300 W. Sample Rd.

Seller: Tremont Realty, represented by Ronald Pimpao, president.

Buyer: B.O.D. Properties, represented by Edward Depenbrock, managing member.

Price: $2.85 million or $85.13 per square foot based on 33,478 square feet of building area, or $32.08 per square foot based on 88,853 square feet of total land area.

Total Assessed Value (2009): $3,295,870 or $98.45 per square foot of building area, or $37.09 per square foot of total land area.

Financing: $2,422,500 provided by Tremont Realty.

The office building was built in 1985 and is situated on 2.04 acres. A prior sale reported was in October 1992 for $950,000.

Michael Y. Cannon is managing director of Integra Realty Resources., AREEA/South Florida. a Miami firm that is part of a national group that focuses on real estate valuation, consulting and market analysis. For more information about AREEA: www.irr.com.