The property asset involved in the transaction is located at 8201 South Tamiami Trail Suite 501 in Sarasota and is classified as a retail asset. The sale price for the property was $10,500,000. The property is part of a larger strategy to enhance Costco’s presence in the region while also supporting the redevelopment of nearby areas.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Buyer: Ron Vachris - Costco Wholesale Corp.
• Seller: 8201 Sarasota Mall East LLC
• Date of Transaction: 06/19/2025
• Market: Sarasota

The deal was facilitated by the involvement of both the buyer and the seller, with Ron Vachris representing Costco Wholesale Corp. in the purchase from 8201 Sarasota Mall East LLC. The transaction supports Costco’s strategy of owning most retail locations in the area while the seller, affiliated with Torburn Partners, is also involved in a broader redevelopment effort of the adjacent Sarasota Square Mall into a mixed-use project.