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7420 State Road 54

Arlan B. Kahn Acquires Retail Property In New Port Richey For $4.575M From Kenton Wright
SOLDRetail

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

Ricardo Esteves

Marcus & Millichap

Broker

$422.2M

vol

61 deals

Broker

Kenton Wright

Seller

$33.4M

vol

5 deals

Seller

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