SOLDRetail
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
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.
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