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July 29, 2010
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On Real Estate 02.05.10
Deal of the day

February 05, 2010 By: Eric Kalis

2700 NW 5 Ave.



$2 million granted to owner of two buildings

The owner of two retail buildings in Miami obtained a $2 million loan from SunTrust Bank.

Address: 2700 NW Fifth Ave. and 532 NW 28th St., Miami

Property type: Two retail buildings totaling 33,175 square feet

Loan value: $2 million

Lender: SunTrust Bank

Borrower: Oscar Enterprises Inc., Jae Oh, president



Bank foreclosing on two buildings and land

Biscayne Bank filed a foreclosure action against the owner of two Fort Lauderdale apartment buildings and a multifamily parcel. The bank seeks $2.89 million.

Address: 313 Hendricks Isle, Fort Lauderdale

Property type: Two apartment buildings totaling 8 units and a 0.19-acre multifamily parcel

Property owner: Hendricks Isle Properties LLC, Oon Teong Ko, managing member

Lender: Biscayne Bank

Foreclosure amount: $2.89 million

Original loan value: $2.89 million on May 15, 2006



Industrial land acquired for $1.78 million

Address: Southeast of Northwest Seventh Street and 71st Avenue, Miami-Dade County

Property type: 3-acre industrial parcel

Price: $1.78 million, or $13.58 per square foot

Seller: Blue Lagoon REPH LLC, Carlos Sandino, vice president

Buyer: Sunflower Hospitality LLC, Alfredo Himiob, manager

Past sale: $3.05 million in September 2005



Miami commercial condo purchased for $243,600

Address: 351 NW 42nd Ave., Miami

Property type: 1,384-square-foot commercial condominium built in 1947

Price: $243,600, or $176.01 per square foot

Seller: Greenlight Medical Offices LLC, Alejandro Pedrozo, manager

Buyer: Darky Clan Properties LLC

Past sale: $228,200 in November 2005



Commercial condo in Miami dealt for $237,500

Address: 329 NE 59th Terrace, Miami

Property type: 2,175-square-foot commercial condominium

Price: $237,500, or $109.20 per square foot

Seller: JKRR LLC, Randy Rosenthal, manager

Buyer: AD013 LLC



Hialeah commercial condos sold for $205,000

Address: 2219 W. 80th St., Hialeah

Property type: Two commercial condominiums totaling 2,726 square feet

Price: $205,000, or $75.20 per square foot

Seller: U.S. Bank

Buyer: Erning Investments LLC, Ernesto Grenet, manager

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