Tommy Bahama Restaurant & Bar in Sarasota Sold for $6.8M
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Summit Management purchased the retail building at 300 John Ringling Blvd. in Sarasota, FL from R and M General Partnership for $ 6.8 million, or about $ 692 per square foot. The 9,827-square-foot building was constructed in 1959 and is in the Sarasota submarket. The restaurant building was fully occupied by Tommy Bahama at the time of sale under an absolute triple-net lease that expires in five years. Bob Morris of SVN Commercial Advisory Group…
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