Miami Real Estate Investor Buys New Port Richey Retail Property for $4.8 Million

Miami-based real estate investor Hassan Ladha has acquired a retail property in New Port Richey for 4.8 million. The property, located at 7020 Massachusetts Ave, was sold by Allison McLeod. The sale was brokered by John Glass and Jason Hernandez, while Jonathan De La Rosa of Marcus & Millichap represented the buyer. The property spans 14,263 square feet and was sold at a price of 339 per square foot.

The property is located in a prime retail location in New Port Richey, which is a growing city in Pasco County. The property is situated on a busy street with high traffic and visibility, making it an attractive investment opportunity for Ladha.

Ladha is a seasoned real estate investor with a portfolio of properties across Florida. He has a track record of acquiring properties in prime locations and adding value through strategic renovations and management. The New Port Richey property is expected to be a valuable addition to his portfolio.

The sale of the property is a testament to the strength of the commercial real estate market in Florida. Despite the challenges posed by the COVID-19 pandemic, the market has remained resilient, with investors continuing to seek out attractive investment opportunities.

Overall, the sale of the New Port Richey retail property is a win-win for both the buyer and the seller. Ladha has acquired a valuable asset in a prime location, while McLeod has realized a significant return on her investment. The brokers involved in the deal have also benefited, with Glass and Hernandez earning a commission on the sale, and De La Rosa securing a valuable client for Marcus & Millichap.