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Yes Property Investments Sells Apt Building in Tampa

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Yes Property Investments, Inc. sold the 88-Unit Sun Bay Apartment buildings located at 3730 W. Bay Ave. in Tampa, FL to Sun Bay Holdings LLC for $ 5.89 million, or approximately $ 67,000 per unit. The 73,050-square-foot apartment community consists of one- and two-bedroom units throughout seven buildings. It was built in 1985 in the Sun Bay South MF submarket and was 95.3 percent occupied at the time of sale. Cameron Barbas, Michael Regan and…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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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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