Florida & Gulf Coast + Central Florida + Retail | June 16, 2021

Marcus & Millichap Arranges $18M Sale of Sarasota Retail Property

Marcus & Millichap has arranged the $18 million sale of Expo On Clark, a 67,112-square-foot retail property in Sarasota.

Expo On Clark is located at 4001 Clark Road in Sarasota, approximately two miles from I-75 on a main East/West Route through Sarasota. The property is situated on five acres of land with 600 feet of frontage on Clark Road and multiple points of access to the center in addition to shared access with Sawyer Oaks professional park. The asset is currently occupied by multiple national tenants on staggered lease terms. Surrounding retailers include Taco Bell, Chase Bank, TD Bank, McDonald’s, Starbucks and Advance Auto Parts.

Jim Shiebler, James Medefind and James Garner of Marcus & Millichap’s Tampa office represented the seller, a limited liability company, in the transaction. The buyer was a private investor from New York.

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Marcus & Millichap’s Shiebler

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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