Noah Fox And Andrew Leeds Acquire Retail Asset From Michael Delaney For $2.5M In Pascagoula

This retail asset, located at 3865 Denny Avenue in Pascagoula, was acquired for a price of $2,500,000. The property encompasses 2,500 square feet, translating to a price per square foot of $1,000. The asset is a single-tenant retail establishment leased to a nationally recognized, investment-grade tenant under a long-term, absolute triple net lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Buyer: Noah Fox & Andrew Leeds
• Seller: Michael Delaney
• Buyer's Representative: Noah Fox - Vertical Real Estate
• Seller's Representative: Alex Sharrin - JLL
• Square Footage: 2,500
• Price Per Square Foot: $1,000
• Market: Pascagoula

Notably, the transaction was facilitated by Noah Fox, Principal Agent at Vertical Real Estate, which emphasizes its role in providing strategic solutions for clients in the commercial real estate market. Alex Sharrin from JLL represented the seller in this transaction, reflecting the diverse expertise involved in the closing of this deal.