Abdelrahman And Sara Ayyad Acquire Medical Office In Sarasota For $8.43M With Brokers Cameron Wilson, Steve Horn And Matthew Cook
1970 Golf St
$8,430,000
$432/SF
Building Size
19,500 SF
Asset Type
Medical Office
Closing
Jul 30, 2026
AI
A medical office building located at 1970 Golf Street in Sarasota, FL was sold for $8.43 million. The asset spans 19,500 square feet, resulting in a price per square foot of $432. This property was previously occupied by Florida Cancer Specialists, which has since relocated to a new facility.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,430,000
- Address: 1970 Golf Street
- Market: Sarasota, FL
- Square Footage: 19,500
- Price Per Square Foot: $432
- Buyer: Abdelrahman & Sara Ayyad
- Seller: Jesse Biter - 1970 Golf LLC
- Buyer's Representative: Matthew Cook - Exit King Realty
- Seller's Representatives: Cameron Wilson & Steve Horn - Ian Black Real Estate
The new owners, Abdelrahman and Sara Ayyad, intend to renovate the property and reposition it as a multi-tenant medical office building. Construction is anticipated to commence in the fourth quarter of 2026.
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Golf Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93