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TREASURE ISLAND, FLA. — Marcus & Millichap has brokered the $5.9 million sale of Treasure Island Plaza, a 20,000-square-foot retail strip center located at 118 107th Ave. in Treasure Island, a city in the Tampa Bay metro area. Built in 1981, the property was leased to 11 tenants at the time of sale. The buyer, an unnamed investment firm based in Miami, plans to redevelop the one-acre parcel into a mixed-use building with 40 residences atop 10,000 square feet of retail space. Evan Cannan and Reid Thedford of Marcus & Millichap’s Tampa office brokered the transaction.