Maryland entrepreneur buys Catalina Apartments

By Business Observer Staff
| 4:20 p.m. December 20, 2013
| 0 Free Articles Remaining!

Manatee-Sarasota

BUYER: Citadel Apartments of Sarasota LLC (principal: Aris Mardirossian), Venice
SELLER: SM-Catalina LLC
PROPERTY: 2023 and 2045 Hyde Park St., Sarasota
PRICE: $1.6 million
PREVIOUS PRICE: $1.68 million, November 2007
LAW FIRM ON DEED: Klingbeil & Roberts PA, Venice

PLANS, DESCRIPTION: A purchase entity led by prominent Maryland inventor and businessman Aris Mardirossian purchased the 24-unit Catalina Apartments for $1.6 million.

The price equated to $66,667 per unit.