- July 30, 2026
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An investor has purchased a nearly 20,000-square-foot medical office building in downtown Sarasota for $8,432,000 and plans to reposition the property. The seller of 1970 Golf St. was 1970 Golf LLC, which is owned by entrepreneur Jesse Biter.
The buyers were Abdelrahman and Sara Ayyad of Edgewater, Maryland, according to Sarasota County property records, which show the sale closed July 1. Abdelrahman Ayyad is the CEO of Maryland-based Regency Furniture, which has stores in the Mid-Atlantic and Northeast.
The 19,500-square-foot building on Golf Street was previously occupied by Florida Cancer Specialists & Research Institute, which has relocated to a 60,000-square-foot facility at Sarasota Memorial’s new $220 million cancer pavilion on Waldemere Street. The two-story medical office building on Golf Street, built in 2002, had housed Florida Cancer Specialists for more than 20 years.
Cameron Wilson and Steve Horn of Ian Black Real Estate represented the seller, while Matthew Cook of Exit King Realty represented the buyer.
“As the downtown residential population continues to grow, demand for conveniently located healthcare services has increased, making well-positioned properties like 1970 Golf Street increasingly attractive to investors and medical users alike,” Wilson, director of corporate realty services at Ian Black Real Estate, says in a statement. “The fact that this property has on-site parking made it even more appealing to potential buyers.”
The Golf Street property contains an attached two-story parking garage.
Moving forward, the investors plan to renovate and reposition 1970 Golf St. from a single-tenant to multi-tenant medical office property. Construction is expected to begin in the fourth quarter of 2026.
“This property required a buyer with the vision and wherewithal to see the opportunity and execute a plan to write the next chapter in this building’s history,” Horn, partner at Ian Black Real Estate, says in a statement. “We were able to secure a buyer with both of those qualities and are excited to see what’s next for this property as it continues serving the community."
