Marcus & Millichap Brokers $4.5M Sale of CVS-Leased Retail Property in Sarasota, Florida

SARASOTA, FLA. — Marcus & Millichap has brokered the $4.5 million sale of a 10,378-square-foot retail property located at 8546 S. Tamiami Trail  in Sarasota. CVS/pharmacy occupies the building on a net-lease basis. The property was built in 1999 on a 1.6-acre site. Joseph Prio, Alan Lipsky and Barry Wolfe of Marcus & Millichap arranged the sale on behalf of the seller, FFT Livingstone Investors Inc. An undisclosed private investor was the buyer.