Bay Street Capital And BeeRock Holdings Acquire Industrial Asset In Fort Myers For $4.5M
3531 Old Metro Parkway
$4,500,000
$171/SF
Building Size
26,264 SF
Asset Type
Industrial
Closing
Jul 23, 2025
AI
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
Fort Myers Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93