SUNNY ISLES

RETAIL BUILDING

ACQUIRED FOR $9M

Location: 151 Sunny Isles Blvd.

Seller: R.K. Associates VIII, represented by Raanan Katz, president.

Buyer: City of Sunny Isles Beach, represented by Rick Conner, city manager.

Price: $9 million or $472.09 per square foot based on 19,064 square feet of building area, or $150.00 per square foot based on 60,000 square feet of total land area.

Total Assessed Value (2009): $4,700,023 or $246.54 per square foot of building area, or $78.33 per square foot of total land area.

Financing: No financing reported.

The building was built in 1951 on 1.38 acres. No prior sales reported.

DORAL

WAREHOUSE SELLS

FOR $1,025,000

Location: 10871 NW 33rd St.

Seller: A DE Q Holdings, represented by Alejandro De Quesada, president.

Buyer: Xtender Investments, represented by Antonio Di Mariana, managing member.

Price: $1,025,000 or $128.22 per square foot based on 7,994 square feet of building area, or $52.56 per square foot based on 19,500 square feet of total land area.

Total Assessed Value (2009): $1,012,036 or $126.60 per square foot of building area, or $51.90 per square foot of total land area.

Financing: No financing reported.

The warehouse was built in 1996 and is situated on .45 acre. A prior sale reported was in February 2006 for $812,500.

PLANTATION

OFFICE BUILDING

SELLS FOR $900K

Location: 650 NW 40th Ave.

Seller: Minten Grove and Herald Enterprises, represented by Gloria Baizer, president.

Buyer: Topper Properties, represented by Stephen Stewart, managing member.

Price: $900,000 or $53.16 per square foot based on 16,930 square feet of building area, or $17.73 per square foot based on 50,750 square feet of total land area.

Total Assessed Value (2009): $1,534,210 or $90.62 per square foot of building area, or $30.23 per square foot of total land area.

Financing: No financing reported.

The office building was built in 1960 and is situated on 1.17 acres. Previous sales reported were in October 1979 for $835,000, in October 1977 for $820,000 and in June 1976 for $781,200.

DANIA BEACH

RETAIL BUILDING

SELLS FOR $1.1M

Location: 48 S. Federal Hwy.

Seller: Plaza Las Californias, represented by Esperanza Morfin, manager.

Buyer: Griffin Ranches Development, represented by Sam Jazayri, managing member.

Price: $1.1 million or $61.82 per square foot based on 17,795 square feet of building area, or $36.30 per square foot based on 30,300 square feet of total land area.

Total Assessed Value (2009): $1,528,090 or $85.87 per square foot of building area, or $50.43 per square foot of total land area.

Financing: No financing reported.

The retail building was built in 1973 and is situated on .7 acre. Previous sales reported were in May 2001 for $1.4 million, in October 1998 for $1 million and in July 1996 for $1.15 million.

FORT LAUDERDALE

WAREHOUSE SELLS

FOR $600,000

Location: 3001 SW 3rd Ave.

Seller: Storm Properties, represented by Edward Brillinger, president.

Buyer: 3001-8 Third Avenue, represented by Carlos Camin, managing member.

Price: $600,000 or $127.12 per square foot based on 4,720 square feet of building area, or $127.12 per square foot based on 4,720 square feet of total land area.

Total Assessed Value (2009): $627,170 or $132.88 per square foot of building area, or $132.88 per square foot of total land area.

Financing: No financing reported.

The warehouse was built in 2003 and is situated on .11 acre. A prior sale reported was in May 2004 for $550,000.

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

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