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Hassan Ladha Acquires Retail Property In New Port Richey For $4.83M

Property Image
SOLD
$4,830,000
John Glass
Jason Hernandez
Jonathan De La Rosa
+ 2

Florida

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Retail14,263 SF
Sold 08/05/2022
the dealplayerscompscontact
Property Image
SOLD

Hassan Ladha Acquires Retail Property In New Port Richey For $4.83M

7020 Massachusetts Avenue

See Similar Deals
Retail14,263 SF
Sold 08/05/2022
John Glass
Jason Hernandez
Jonathan De La Rosa
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$338
Total Square Footage:14,263 SF
Transaction Type:Sale

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.

Players

Jonathan De La Rosa
Marcus & Millichap
Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER
John Glass
Marcus & Millichap
John Glass
1 deal$4.8M volume
BROKER
Jason Hernandez
Douglas Elliman
Jason Hernandez
1 deal$4.8M volume
BROKER
Hassan Ladha
Hassan Ladha
5 deals$35M volume
BUYER
Allison McLeod
Allison McLeod
4 deals$75M volume
SELLER

Details

SOLD
IMAGE: Jonathan De La Rosa DATE: 08/05/2022 ADDRESS: 7020 Massachusetts Ave MARKET: New Port Richey ASSET TYPE: Retail BUYER: Hassan Ladha SELLER: Allison McLeod BUYER'S REP: Jonathan De La Rosa (@J_DLR_) - Marcus & Millichap SELLER'S REP: John Glass & Jason Hernandez SALE PRICE: $4,830,000 SF: 14,263 ~ PPSF: $339

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$257,599.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,159.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,896.66
Annual Debt Service$274,759.97