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
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.
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