Nathan Rich Of Rich Global Acquires Retail Property At 3701 Bee Ridge Road For $4.25M

The property involved in the transaction is located at 3701 Bee Ridge Road in Sarasota, FL. This retail asset spans 1.59 acres and consists of 6,200 square feet. The sale price for the property was $4,250,000, which translates to a price per square foot of $685.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,250,000
• Address: 3701 Bee Ridge Road
• Market: Sarasota, FL
• Asset Size: 1.59 acres
• Square Footage: 6,200
• Price per Square Foot: $685
• Buyer: Nathan Rich - Rich Global
• Seller: Julian Parry
• Brokers: Tyler Sluman & Nathan Rich - American Property Group

Nathan Rich, representing Rich Global, acquired the property from seller Julian Parry in an off-market transaction. Plans for the site include redevelopment into a multi-tenant retail building while opting for renovation rather than demolition, allowing for new retail tenants in a high-visibility location.