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1498 Northwest 3rd Street

SOLDIndustrial

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

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker

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