Tricon Development owners buy Cortez Road CVS building

BUYER: Bradenton Pharmacy LLC (principals: Maurice and Robert Kodsi), Merritt Island
SELLER: Liu Associates Properties LLC
PROPERTY: 4302 W. Cortez Road, Bradenton
PRICE: $5.8 million
PREVIOUS PRICE: $5.25 million, February 2004
LAW FIRM ON DEED: Stephen A. Ferra Esq., Clearwater

PLANS, DESCRIPTION: A purchase entity led by Maurice and Robert Kodsi of Merritt Island purchased a 12,190-square-foot drugstore for $5.8 million.

The price equated to $475 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.