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TAMPA, FL—The Sarasota Institute for Advanced Medicine, an 82,741-square foot single-tenant medical office building in Sarasota, FL, is looking for a new owner. Marcus & Millichap listed the asset at $36.9 million, or $446 per square foot.

John Smelter, a senior director of the Healthcare Real Estate Group of M&M, is representing the seller, Citadel Properties III LLC. Smelter tells GlobeSt.com the medical office sector is hotter than ever—and Advanced Medicine is a unique property, in part, because its fully leased to a hospital with one of the best credit ratings in the healthcare industry.

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