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1400 Northwest 3rd Street

Alliance HP Acquires Industrial Property In Deerfield Beach For $8.2M
SOLDIndustrial

Alliance HP Acquires Industrial Property In Deerfield Beach For $8.2M

1400 Northwest 3rd Street

$8,200,000

$297/SF

Building Size

27,571 SF

Asset Type

Industrial

Closing

May 26, 2022

AI

An industrial property located at 1400 NW 3rd St & 1498 NW 3rd St in Deerfield Beach has been sold for a price of $8,200,000. The sale was completed on 05/26/2022. The property spans across 3.16 acres and has a total area of 27,571 square feet. The purchase price per acre (PPA) is $2,594,937, and the price per square foot (PPSF) is $297. The transaction was facilitated by brokers Jose Sasson and Roberto Susi from Axiom Capital Advisors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,200,000
  • Address: 1400 NW 3rd St & 1498 NW 3rd St, Deerfield Beach
  • Market: Deerfield Beach
  • Buyer: Alliance HP - Peter Derrico
  • Seller: David Miller
  • Broker: Jose Sasson & Roberto Susi - Axiom Capital Advisors

Alliance HP, represented by Peter Derrico, acquired the industrial property from David Miller. The transaction was successfully closed with the assistance of brokers Jose Sasson and Roberto Susi from Axiom Capital Advisors. For future off-market opportunities, interested parties can contact Jose Sasson at 786-393-8089 or [email protected].

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$943.7M

vol

83 deals

Broker
AH
Alliance HPBuyer

Deerfield Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93