Broker: $2.3M Sarasota complex sale shows 'market stabilization'

Two apartment buildings sold in early August in Sarasota County in a relatively small financial deal that an agent involved in the deal sees as a sign of market stabilization.

The Cayman and Bimini Apartments sold for $2.3 million on Aug. 2, according to Sean Dreznin, agent and partner of Dreznin Pappas Commercial Real Estate, which brokered the sale.

Each building contains eight apartments for a total of 16 units. They are at 2738 and 2739 Grand Cayman St. at the intersection with Swift Road.