Denholtz Sells Office Asset In Deerfield Beach For $34.5 Million With Cushman & Wakefield Brokers
858 South Military Trail
$34,500,000
$219/SF
Building Size
157,510 SF
Asset Type
Office
Closing
Feb 4, 2026
AI
This transaction involves an office asset located at 602–668 & 776–858 South Military Trail in Deerfield Beach. The asset was sold for a total of $34,500,000, encompassing a substantial area of 157,510 square feet, resulting in a price per square foot of $219.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $34,500,000
- Square Footage: 157,510
- Price per Square Foot: $219
- Seller: Denholtz
- Brokers: Scott O'Donnell, Greg Miller, Mike Ciadella & Miguel Alcivar - Cushman & Wakefield
- Market: Deerfield Beach
The transaction was facilitated by a team of brokers from Cushman & Wakefield, including Scott O'Donnell, Greg Miller, Mike Ciadella, and Miguel Alcivar, who represented the seller, Denholtz, in this significant sale.
Players
Deerfield Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93