Marcus & Millichap Sells Retail Property In New Port Richey, FL For $3.85M
SOLD
$3,850,000
Florida
See Similar DealsRetail5,000 SF
Sold 09/30/2021
SOLD
Marcus & Millichap Sells Retail Property In New Port Richey, FL For $3.85M
2910 Little Rd, New Port Richey, Florida, USA
See Similar DealsRetail5,000 SF
Sold 09/30/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$770
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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