Monday, December 16, 2013

Hendricks-Berkadia Negotiates Sale of 222-Unit Bayridge Apartment Community in Clearwater, FL


Bayridge Apartments, 3021 State Road 590, Clearwater, FL

Jason Stanton
TAMPA, FL --- Hendricks-Berkadia Apartment Real Estate Advisors, which ranks as one of the leading multi-family investment banking and research companies in the nation, recently negotiated the sale of the 222-unit Bayridge apartment community at 3021 S.R. 590 in Clearwater.

Situated on 10.09 acres, the community consists of six, three-story buildings and offers five diverse floor plans, averaging 1,001 square feet.

Cole Whitaker
Jason Stanton, vice president based in Tampa, negotiated the sale with Cole Whitaker, partner who heads Hendricks-Berkadia’s southeast region, and associate partner Hal Warren of the firm’s Orlando office.

Hendricks-Berkadia represented the seller, Bayridge Investment Partners, LLC.

Hal Warren
Stanton said the investment property, built in 1991, was located in an infill Clearwater location and has had over $1 million in renovations and improvements over the past six years.

This has positioned the property for a value-add renovation program, allowing the new owner to increase revenue moving forward.

   For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com


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