Fuel distributor ATCO buys three Sarasota service stations

BUYER: ATCO Inc. (principals: Jack Milholland Jr., Alan Elwell, Mark Hesser, Steve Anast), Sarasota
SELLER: McCarley Oil Co. Inc.
PROPERTY: 4933 Fruitville Road, 1135 S. Beneva Road and 2800 Bee Ridge Road, Sarasota
PRICE: $3 million
PREVIOUS PRICE: $400,000, January 1996
LAW FIRM ON DEED: Lyons Beaudry & Harrison PA, Sarasota

PLANS, DESCRIPTION: Sarasota fuel distributor ATCO Inc. purchased three Sarasota service stations along major thoroughfares for $3 million.

The price equated to $371 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.