Hassan Ladha Acquires Retail Property In New Port Richey For $4.83M
7020 Massachusetts Avenue
$4,830,000
$338/SF
Building Size
14,263 SF
Asset Type
Retail
Closing
Aug 5, 2022
About this deal
AI
The retail property located at 7020 Massachusetts Ave in New Port Richey has been sold for $4,830,000. The property spans across 14,263 square feet, resulting in a price per square foot of $339. The transaction took place between the buyer, Hassan Ladha, and the seller, Allison McLeod.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,830,000
- Address: 7020 Massachusetts Ave, New Port Richey
- Square Footage: 14,263
- Price per Square Foot: $339
In this deal, the buyer was represented by Jonathan De La Rosa from Marcus & Millichap, while the seller was represented by John Glass and Jason Hernandez.
On the Map
$4,830,000
$338/SF
Retail
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Players
New Port Richey 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
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93