New Jersey rental owner buys Tides Inn, Sunset Lodge

BUYER: Siesta Promenade Cottages LLC (manager: Daniel Jones), Spring Lake, N.J.
SELLER: Siesta Vista Condominium LLC
PROPERTY: 1800 Stickney Point Road and 1765 Dawn St., Sarasota
PRICE: $1.5 million
PREVIOUS PRICE: $1.4 million and $820,000, April 2005
LAW FIRM ON DEED: William A. Dooley PA, Sarasota

PLANS, DESCRIPTION:
Rental owner Daniel Jones of New Jersey purchased the adjacent Tides Inn Motel and Sunset Lodge south of the Siesta Key Bridge for $1.5 million.

The price equated to $75,000 per unit.