O2B Kids Sells School In New Port Richey For $5.79 Million With Marcus & Millichap

The property asset involved in this transaction is a school located at 8700 Trouble Creek Road in New Port Richey. It was sold for $5,790,000, encompassing a total square footage of 12,272 and yielding a price per square foot of $472.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $5,790,000
• Seller: O2B Kids
• Broker(s): Dominic Sulo & Ryan Nee - Marcus & Millichap
• Market: New Port Richey
• Buyer: Long Beach family trust
• Leaseback: Yes, under a triple net lease with 14 years remaining

This transaction involved O2B Kids, which sold the land after acquiring it for $4.34 million the previous year. The representation of the seller was provided by brokers Dominic Sulo and Ryan Nee from Marcus & Millichap.