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Apt. Building Sells For $22.5 Million In Tampa

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A joint venture of Investcorp Group and Carroll Organization sold the 247-unit Arium Citrus Park multifamily complex in Tampa to Providence Management Co. LLC for $ 22.5 million, or approximately $ 91,093 per unit. The 179,910-square-foot apartment community consists of one- and two-bedroom units in 21 buildings. It was built in 1985 and was 96% occupied at the time of sale. Patrick Dufour of ARA Newmark represented the seller, doing business…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $22.5, Apt., Building, Million, Sells, Tampa

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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The city is divided into many neighborhoods, many of which were towns and unincorporated communities annexed by the growing city. Generally, the city is divided into the following areas: Downtown Tampa, New Tampa, West Tampa, East Tampa, North Tampa, and South Tampa. Well-known neighborhoods include Ybor City, Forest Hills, Ballast Point, Sulphur Springs, Seminole Heights, Tampa Heights, Palma Ceia, Hyde Park, Davis Islands, Tampa Palms, College Hill, and non-residential areas of Gary and the Westshore Business District.

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