Marcus & Millichap Sells Retail Property In New Port Richey, FL For $3.85M
2910 Little Rd, New Port Richey, Florida, USA
$3,850,000
$770/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Sep 30, 2021
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,850,000
- Date: 09/30/2021
- Address: 2910 Little Rd
- Market: New Port Richey, FL
Ryan Nee and Craig Dunkle represented the buyer and seller, respectively, in the sale of the retail property located at 2910 Little Rd in New Port Richey, FL. The transaction, facilitated by Marcus & Millichap, closed on September 30, 2021, for a sale price of $3,850,000.
The retail sale at 2910 Little Rd, New Port Richey, Florida, USA in Trinity, Florida sold for $3.9M in 2021. The building is 5,000 square feet, implying about 770 per square foot on the published price. Craig Dunkle, Ryan Nee, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Trinity, Florida file for the 2910 Little Rd, New Port Richey, Florida, USA retail sold: pricing, party profiles, and other closed retail comps from the same Trinity sit in the Market section below. Filter that Trinity retail set by closing date to see what else sold near 2910 Little Rd, New Port Richey, Florida, USA around 2021. Published consideration for 2910 Little Rd, New Port Richey, Florida, USA is $3.9M, dated 2021. Cite this Marcus & Millichap Sells Retail Property In New Port Richey, FL For $3.85M sale when underwriting similar retail product around Trinity, Florida.
Players
Trinity Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93