Jordan Beck Of Berger Commercial Realty Represents Buyer In $9M Industrial Sale In Deerfield Beach
1498 Northwest 3rd Street
$9,000,000
$326/SF
Building Size
27,571 SF
Asset Type
Industrial
Closing
Mar 24, 2026
AI
The industrial property located at 1498 Northwest 3rd Street in Deerfield Beach has been sold for $9,000,000. It encompasses 27,571 square feet and is situated on 3.3 acres of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Square Footage: 27,571 SF
- Price Per Square Foot: $326
- Market: Deerfield Beach
- Buyer's Representative: Jordan Beck - Berger Commercial Realty
- Seller's Representatives: Larry Genet, Tom O'Loughlin & Michael Oretsky - CBRE (@CBRECBRE)
This transaction reinforces the active nature of the market in 2026, showcasing the expertise of Jordan Beck in facilitating the buyer's interests and the collaborative efforts of Larry Genet, Tom O'Loughlin, and Michael Oretsky in representing the seller.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93