600 starkey road, largo, FL 228 UNITS BUILT 1976

STRONG PROPERTY OPERATIONS - Dwell at Bay Crossing consists of 228 units with an average square footage of 936. The property has proven a 4%+ rent growth within the last year. Floor plans include one-bedroom, two-bedroom/one-bathroom, two-bedroom/two-bathroom, and three-bedroom/two-bathroom units. The property offers a complete amenity package.

EXCELLENT INFILL LARGO LOCATION - Dwell at Bay Crossing is located in a prime Largo location with immediate access to the St. Pete-Clearwater International Airport, Largo Medical Center, and Tech Data. The property is located on Starkey Road with average annual traffic count of 30k+/- cars per day and is less than one-half mile south of East Bay Drive with average annual traffic count of 64k +/- cars per day.

PROVEN VALUE-ADD PROGRAM - Dwell at Bay Crossing is ideally situated both geographically and physically for the implementation of a value-add program through interior enhancements. Similar vintage communities in the immediate area are achieving higher rents due to recent interior and exterior enhancement programs. Berkadia believes a new owner will have the opportunity to increase rents with a full value-add renovation program.

STRONG TAMPA/LARGO MARKET - The Tampa MSA continues to advance, showing median household income growth up 12% and unemployment rate down 3.6% year over year.

CAPITAL IMPROVEMENTS - The current owner has recently spent a large amount on capital improvements at Dwell at Bay Crossing including interior and exterior enhancements.

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit:

Tampa Office

401 Corbett Street, Suite 460B

Clearwater, Fl 33756


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