FORT LAUDERDALE

RETAIL BUILDING SOLD FOR OVER $4M

Location: 5435 N. Federal Hwy.

Seller: 5425 North Federal, represented by Ira Lang, managing member.

Buyer: Santa Magdelena Properties, represented by James Molans, manager.

Price: $4.26 million or $246.46 per square foot, based on 17,285 square feet of building area, or $113.60 per square foot, based on 37,500 square feet of total land area.

Total assessed value (2007): $1,792,550 or $103.71 per square foot of building area or $47.80 per square foot of total land area.

Financing: No financing reported.

The retail building was constructed in 1975 on 0.86 acre. A previously reported sale was in March 1997 for $849,000.

LAUDERHILL

OFFICE BUILDING SOLD FOR NEARLY $2M

Location: 4800 N. University Dr.

Seller: 251 Lexington Avenue Realty Co., represented by Henry J. Kassis, managing member.

Buyer: Community Education Partners, represented by Phil M. Baggett, vice chairman.

Price: $1.98 million or $164.10 per square foot, based on 12,066 square feet of building area, or $33 per square foot, based on 60,000 square feet of total land area.

Total assessed value (2007): $1,575,440 or $130.57 per square foot of building area or $26.26 per square foot of total land area.

Financing: $2.38 million provided by First Bank.

The one-story office building was constructed in 1985 on 1.38 acres. A previously reported sale was in June 2004 for $1.64 million.

MIAMI GARDENS

WAREHOUSE SOLD FOR $670K

Location: 15221-15223 NW 33rd Pl.

Seller: Flight Deck Specialists, represented by Juan Mejia, president.

Buyer: Franco Ballarini.

Price: $670,000 or $93.29 per square foot, based on 7,182 square feet of building area, or $49.49 per square foot, based on 13,538 of total land area.

Total assessed value (2007): $415,835 or $57.90 per square foot of building area or $30.72 per square foot of total land area.

Financing: $305,000 provided by Regions Bank.

The warehouse was built in 1988 on 0.31 acre. A previously reported sale was in March 1998 for $235,000.

NORTH MIAMI

RETAIL BUILDING SOLD FOR OVER $1.3M

Location: 12300 NW Seventh Ave.

Seller: Donald E. Goodkin.

Buyer: 12300 Investment, represented by Carlos A. Zaldivar, president.

Price: $1,325,000 or $134.25 per square foot, based on 9,870 square feet of building area, or $67 per square foot, based on 19,775 square feet of total land area.

Total assessed value (2007): $648,746 or $65.73 per square foot of building area or $32.81 per square foot of total land area.

Financing: $993,750 provided by Banco Popular North America.

The retail building was constructed in 1950 on 0.45 acre. No sales were previously reported.

HIALEAH

RETAIL CENTER SOLD FOR OVER $2.5M

Location: 1665 W. 68th St.

Seller: Hialeah Lakes Plaza 123, affiliated with Shooting Star Enterprises, general partner, represented by David H. Zoberg, president.

Buyer: West Hialeah Center, represented by Pelayo Mendez, managing member.

Price: $2,565,000 or $152.15 per square foot, based on 16,858 square feet of building area, or $76.71 per square foot, based on 33,438 square feet of total land area.

Total assessed value (2007): $1,288,627 or $76.44 per square foot of building area or $38.54 per square foot of total land area.

Financing: $2,052,000 provided by U.S. Century Bank.

The retail building was constructed in 1975 on 0.77 acre. No sales were previously reported.

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