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Land Sale No.4(Cont.) <br /> Shape Rectangular <br /> Depth 450 <br /> Land Size Information <br /> Gross Land Size 1.027 Acres or 44,745 SF <br /> Front Footage 100 ft Total Frontage: 100 ft Collins Avenue;100 ft Atlantic <br /> Boulevard <br /> Actual/Planned Building SF 136,250 <br /> Indicators <br /> Sale Price/Gross Acre $6,814,616 <br /> Sale Price/Gross SF $156.44 <br /> Sale Price/Front Foot $70,000 <br /> Sale Price/Planned Bldg. SF $51.38 <br /> Remarks <br /> This is the sale of a 1.027-acre prime commercial development site situated along the west side of <br /> Collins Avenue in Sunny Isles Beach,and adjacent to Sunny Isles Beach City Hall. The site is <br /> improved with a 1,377-square foot commercial building and is currently encumbered by a ground <br /> lease in conjunction with an Alamo car rental operation. The transaction occurred in May 2012 <br /> and the owner subsequently obtained approvals for a 17-story, 136,250-square foot office tower <br /> with ground floor retail and a structured parking garage. The approvals were granted in October <br /> 2013 and are scheduled to expire in October 2015 if permits have not been pulled by the <br /> developer. <br />