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
Deerfield Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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