Arlan B. Kahn Acquires Retail Property In New Port Richey For $4.575M From Kenton Wright
7420 State Road 54
$4,575,000
$302/SF
Building Size
15,120 SF
Asset Type
Retail
Closing
Aug 5, 2026
AI
The retail asset located at 7420 State Road 54 in New Port Richey has a total square footage of 15,120 and was sold for $4,575,000, which equates to a price per square foot of $302.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,575,000
- Address: 7420 State Road 54
- Market: New Port Richey
- Square Footage: 15,120
- Price per Square Foot: $302
- Buyer: Arlan B. Kahn
- Seller: Kenton Wright
- Seller's Representative: Ricardo Esteves - Marcus & Millichap
This transaction highlights the involvement of Arlan B. Kahn as the buyer and Kenton Wright as the seller. The sale was facilitated by Ricardo Esteves from Marcus & Millichap, representing the seller in this transaction.
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
3.47%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93