OPA-LOCKA

INDUSTRIAL BUILDING

SELLS FOR $1.1M

Location: 2400 NW 150th St.

Seller: 2400 Holdings, represented by William D. Ratliff, Jr., president.

Buyer: Eight Investment, represented by Efrain Martinez-Puentes, president.

Price: $1.1 million or $41.29 per square foot based on 26,639 square feet of building area, or $25.09 per square foot based on 43,844 square feet of total land area.

Total Assessed Value (2009): $1,116,218 or $41.90 per square foot of building area, or $25.46 per square foot of total land area.

Financing: No financing reported.

The industrial building was built in 1966 and is situated on 1.01 acres. A prior sale reported was in August 2007 for $875,000.

CUTLER BAY

MIXED-USE BUILDING

ACQUIRED FOR $1.4M

Location: 21100 S. Dixie Hwy.

Seller: Perrine Station, represented by Carlos Fontecilla, president.

Buyer: Southpoint Petroleum, represented by Milady Pequeno, managing member.

Price: $1.4 million or $269.85 per square foot based on 5,188 square feet of building area, or $63.25 per square foot based on 22,133 square feet of total land area.

Total Assessed Value (2009): $794,061 or $153.60 per square foot of building area, or $35.88 per square foot of total land area.

Financing: $850,000 provided by InterAmerican Bank FSB.

The mixed-use building was built in 2002 and is situated on .51 acre. A prior sale reported was in October 2001 for $306,000, land only.

SUNNY ISLES BEACH

RETAIL BUILDING

SELLS FOR $4.57M

Location: 16200 Collins Ave.

Seller: Plaza Isle, represented by Haim Yehezkel, managing member.

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

Price: $4.57 million or $564.69 per square foot based on 8,093 square feet of building area, or $148.67 per square foot based on 30,740 square feet of total land area.

Total Assessed Value (2009): $2,521,630 or $311.58 per square foot of building area, or $82.03 per square foot of total land area.

Financing: No financing reported.

The retail building was built in 1976 and situated on .71 acre. Previous sales reported were in October 1999 for $1.2 million and in October 1998 for $900,000.

MARGATE

OFFICE BUILDING

SELLS FOR $575,000

Location: 6130 W. Atlantic Blvd.

Seller: Kevin S. Garrison and Catheline L. Garrison.

Buyer: 6130 West Atlantic Boulevard LLC, represented by Bradley Roberts, manager.

Price: $575,000 or $125.03 per square foot based on 4,599 square feet of building area,or $63.36 per square foot based on 9,075 square feet of total land area.

Total Assessed Value (2009): $766,000 or $166.56 per square foot of building area, or $84.41 per square foot of total land area.

Financing: No financing reported.

The office building was built in 1976 and is situated on .21 acre. Previous sales reported were in April 1998 for $275,000 and in April 1983 for $243,000.

FORT LAUDERDALE

MIXED-USE BUILDING

SELLS FOR $415,000

Location: 704 NE 3rd Ave.

Seller: Flagler Junction, by Fram Beach One, managing member, represented by R. Brien Mastriana, vice president.

Buyer: Michael J. Sluka.

Price: $415,000 or $146.02 per square foot based on 2,842 square feet of building area, or $436.38 per square foot based on 951 square feet of total land area.

Total Assessed Value (2009): $397,440 or $139.85 per square foot of building area, or $417.92 per square foot of total land area.

Financing: $332,000 provided by Bank of America.

The mixed-use building was built in 2007 and is situated on .02 acre. No prior sales were reported.

Michael Y. Cannon is managing director of Integra Realty Resources., AREEA/South Florida. a Miami firm that is part of a national group. For more information about AREEA: www.irr.com.

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