Sellers are demanding top dollar in today's low-vacancy-rateenvironment, Freehof tells GlobeSt.com, but there are always buyerswilling to go to the mat for quality product. He recently foundsuch a buyer for Coconut Creek Center, a two-building officecomplex in Coconut Creek, FL. The 42,600-sf holding went for $2.5million, or $58.69 per sf, which equates to at least a 10% cap rateonce currently vacant space is re-rented.

Freehof also negotiated the sale of three industrial buildingsin the range of $1 million each. Such properties are frequentlypurchased for buyer-occupancy, the broker reports. However, theycan make sound investments for those lacking the large chunks offinancial backing required to bid on high-profile mega-deals.

Contributing to the region's investment market vitality is the1031 tax-deferred exchange provision of the Federal tax code.Developer Sam Jazayri recently purchased 37 acres of land in Davie,FL with proceeds from selling two other Davie parcels.