Recent South Florida Deals

APH Corp. of San Francisco obtained a $3.85 million mortgage from Biscyane Bank for an office building in Miami Beach.
Address: 333 W. 41st St., Miami Beach
Property type: 62,696-square-foot office building completed in 1996 on 0.4 of an acre
Loan value: $3.85 million
Lender: Biscayne Bank
Borrower: APH Corp., Bart Seidler, president

Warehouse built in 1990 sells for $2.35 million
Address: 4000 N. Powerline Road, Deerfield Beach
Property type: 12,959-square-foot warehouse built in 1990 on 2.58 acres
Price: $2.35 million, or $181.34 per square foot
Seller: M.D. Moody & Sons Inc., Emil Albertini, chief financial officer
Buyers: Patrick Montanaro and Josephine Montanaro

Lauderdale warehouse secured for $1.6 million
Address: 3233 SW Second Ave., Fort Lauderdale
Property type: 20,766-square-foot warehouse built in 1967 on 0.51 of an acre
Price: $1.6 million, or $77.05 per square foot
Seller: Mace Security Products Inc., Robert Kramer, executive vice president
Buyer: ML Vintage LLC, Moshe Levy, managing member
Financing: Bank of Florida-Southeast, $1.12 million
Past sale: $1.5 million in April 2004

Lincoln Road condo acquired for $500,000
Address: 605 Lincoln Road, Miami Beach
Property type: 985-square-foot commercial condominium built in 1932
Price: $500,000, or $507.61 per square foot
Seller: Reality Realty Group L.C., Victor Lerner, managing member
Buyer: Soni Real Estate LLC, Ino Halegua, managing member
Past sale: $492,575 in August 2005

Warehouse property purchased for $470,000
Address: 1710 Corporate Drive, Boynton Beach
Property type: 3,140-square-foot warehouse built in 2005 on 0.06 of an acre
Price: $470,000, or $149.68 per square foot
Seller: D & S Property Development LLC, Sharon Lev-Har, managing member
Buyer: 1710 Corporate Drive LLC, Sudha Doshi, managing member
Past sale: $307,546 in February 2005

Miami Gardens building dealt for $400,000
Address: 17101 NW Second Court, Miami Gardens
Property type: 3,486-square-foot industrial building completed in 1966 on 0.42 of an acre
Price: $400,000, or $114.75 per square foot
Seller: Elroy Lewis
Buyer: Surya Investments Inc., Mukesh Rampersad, president
Past sale: $180,000 in 1996

Delray Beach offices bring $5.4 million
Address: 1177 George Bush Blvd., Delray Beach
Property type: 27,528-square-foot office building completed in 1963 on 1.4 acres
Loan value: $5.4 million
Lender: Commercial Real Estate Lenders Inc.
Borrower: HHH Bush Building LLC, Harry Hahamovitch, managing member

City of Plantation buys 3.66-acre parcel
Address: 8010 W. Broward Blvd., Plantation
Property type: 3.66-acre commercial parcel
Price: $2.7 million, or $16.95 per square foot
Seller: Cambridge Place Holdings LLC, Scott Brenner, president
Buyer: City of Plantation, Rae Armstrong, mayor

Sagamore Hotel faces $31.5 million foreclosure
A securities firm filed a foreclosure action against the owner of the Sagamore Hotel in Miami Beach. The firm seeks $31.5 million
Address: 1671 Collins Ave., Miami Beach
Property type: 93-room hotel built in 1948 on 0.99 of an acre
Property owner: Sagamore Partners Ltd., Marty Taplin, owner
Lender: JPMCC 2006 LDP7 Miami Beach
Foreclosure amount: $31.5 million
Original loan value: $31.5 million in March 2006

2 office condos fetch $800,000 in Lauderdale
Address: 2925 NW 62nd St., Fort Lauderdale
Property type: Two office condominiums built in 2004 totaling 10,984 square feet
Price: $800,000, or $72.83 per square foot
Seller: BGF Ventures LLC, Lloyd Basso, managing member
Buyer: Serendib Investments LLC, Sivananthan Sritharan, managing member

Retail building traded on East Commercial
Address: 251 E. Commercial Blvd., Lauderdale by the Sea
Property type: 4,072-square-foot retail building completed in 1972 on 0.37 of an acre
Price: $550,000, or $135.07 per square foot
Seller: First Church Of Christ Scientist Lauderdale By The Sea Florida Inc., Frank Klein, chairman
Buyer: Panda By The Sea LLC, Todd Pusateri, managing member
Past sale: $41,400 in 1964

Pompano warehouse sold for $270,000
Address: 2761 NW 19th St., Pompano Beach
Property type: 2,912-square-foot warehouse built in 2005 on 0.06 of an acre
Price: $270,000, or $92.72 per square foot
Seller: Blue Bird Homes Inc., Robert Goldberg, president
Buyer: Jose Perez-Paret
Past sale: $343,000 in November 2004

$5.65 million loan given for restaurant
C.A. Muer Corp. of Oklahoma City obtained a mortgage from Deutsche Bank Trust Company Americas for Charley’s Crab, a restaurant it owns in Fort Lauderdale.
Address: 3000 NE 32nd Ave., Fort Lauderdale
Property type: 8,832-square-foot restaurant built in 1972 on 0.38 of an acre
Loan value: $5.65 million
Lender: Deutsche Bank Trust Company Americas
Borrower: C.A. Muer Corp., Rick Liem, vice president

2 commercial condos sell for $2.11 million
Address: 333 Las Olas Way, Fort Lauderdale
Property type: Two commercial condominiums totaling 8,840 square feet
Price: $2.11 million, or $239.16 per square foot
Seller: One Las Olas Ltd., Mardy Kammerman, executive vice president
Buyer: Heartwood 21 LLC,

Alan Levan, manager
$900,000 buys retail building in West Palm
Address: 1037 Old Okeechobee Road, West Palm Beach
Property type: 8,300-square-foot retail building completed in 1955 on 0.27 of an acre and a 0.29-acre industrial parcel
Price: $900,000, or $108.43 per square foot
Seller: CB Real Estate Partners LLC, Cosmo Di Schino, manager
Buyer: RPI Carriage Works LLC, Richard Jones, managing member

Fort Lauderdale building fetches $750,000
Address: 843 N. Fort Lauderdale Beach Blvd., Fort Lauderdale
Property type: 2,307-square-foot retail building completed in 1975 on 0.07 of an acre
Price: $750,000, or $325.10 per square foot
Seller: C & C Lycouris Properties Inc., Stephen Lycouris, president
Buyer: 845 North Atlantic Boulevard LLC, Monty Lalwani, manager
Past sale: $89,800 in 1976

Commercial condo bought in Wellington
Address: 3319 U.S. Highway 441, Wellington
Property type: 1,870-square-foot commercial condominium built in 2007 on 1-acre
Price: $537,997, or $287.70 per square foot
Seller: Palomino Partners I LLLP, Raymond Graziotto, president
Buyer: International Real Estate Acquisitions LLC, Rajiv Patel, manager

North Palm office condo purchased for $400,000
Address: 631 U.S. Highway 1, North Palm Beach
Property type: 2,139-square-foot office condominium built in 1985
Price: $400,000, or $187 per square foot
Seller: Stream Asset Holdings LLC, Roy Warren, senior vice president
Buyer: Smyth & Hauck Properties LLC, Paul Smyth, managing member

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