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Bay Street Capital And BeeRock Holdings Acquire Industrial Asset In Fort Myers For $4.5M

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SOLD
$4,500,000
Raul Pino
+ 1

Florida

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Industrial26,264 SF
Sold 07/24/2025
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Property Image
SOLD

Bay Street Capital And BeeRock Holdings Acquire Industrial Asset In Fort Myers For $4.5M

3531 Old Metro Parkway

See Similar Deals
Industrial26,264 SF
Sold 07/24/2025
Raul Pino
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$171
Total Square Footage:26,264 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial asset located at 3531 Old Metro Parkway in Fort Myers. The sale price was set at $4,500,000 with a total square footage of 27,480, resulting in a price per square foot of $164.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Address: 3531 Old Metro Parkway
  • Market: Fort Myers
  • Square Footage: 27,480
  • Price Per Square Foot: $164
  • Buyer: Bay Street Capital – Jeremy Stenberg & BeeRock Holdings – Benjamin Meland
  • Seller: Joe Faulkenbery
  • Broker Representation: Pablo Vignolo, Kevin Perez & Raul Pino - The Hype Real Estate Group

Key individuals involved in this transaction include Jeremy Stenberg and Benjamin Meland representing the buyers, and Joe Faulkenbery as the seller. The brokers from The Hype Real Estate Group facilitated the deal, marking it as an off-market transaction, which showcases their expertise in sourcing unique opportunities nationwide.

Players

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

Kevin Perez
The Hype Real Estate Group
4 deals$9.7M volume(786) 657-6736
BROKER

The Hype Real Estate Group
BROKERAGE


Details

SOLD
IMAGE: Pablo Vignolo, Kevin Perez, Raul Pino & Benjamin Meland DATE: 07/24/2025 ADDRESS: 3531 Old Metro Parkway MARKET: Fort Myers ASSET TYPE: Industrial BUYER: Bay Street Capital – Jeremy Stenberg & BeeRock Holdings (@BeeRockHoldings) – Benjamin Meland (@thebenmeland) SELLER: Joe Faulkenbery BROKERS: Pablo Vignolo (@Hypepabs), Kevin Perez (@KevinPerez.j) & Raul Pino (@Thewolfofsouthfl) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $4,500,000 SF: 27,480 ~ PPSF: $164 NOTE FROM BROKER: Proud to announce the closing of another off-market transaction where The Hype Group represented both the Buyer and the Seller! It was a pleasure working with the Buyer on this transaction and looking forward to many more. Our team specializes in sourcing these types of opportunities nationwide.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55