Cocoanut apartment building sold
Separately, an eight-unit apartment building at 1090 Cocoanut Ave., Sarasota, was sold for $750,000.
The building, with one-bedroom, one-bath units, was purchased by Tailored Investments SRQ LLC, a Sarasota company whose principals include Michael Donato, Samuel J. Logan and Jack Romano, records show.
The property was sold by Cocoanut Apartments LLC, owned by Carlo Piras and ExPat Properties LLC, owned by Maurice Connaughton and Adam Walker.
They bought the building for $460,000 in 2013. It is fully occupied with rents at $900 a month, said Connaughton, broker/owner at Sarasota Signature Real Estate, which represented both sides in the transaction.
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