Aaron Lake Apartments sold for over $8 million

cschelle@bradenton.comDecember 18, 2013 

BRADENTON -- A New York company has purchased the Aaron Lake Apartments complex off of Cortez Road and 40th Street for $8.35 million.

LR Aaron Lake LLC, located on Broadway in New York, purchased the complex Dec. 11 from owners Aaron Lake LLC, based in Minneapolis AND headed by Daniel Shattuck, according to property records. Aaron Lake LLC purchased the complex for $4.8 million from Bradenton Associates Limited in 2002, according to the property appraiser.

The complex, 4325 40th St. W, Features one- and two-bedroom apartments and includes a car wasH area, pet park, a fishing dock and boat storage, according to its website. The complex was built in 1986, according to land records.

Charles Schelle, business reporter, can be reached at 941-745-7095.

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