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3531 Old Metro Parkway

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

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

Raul Pino

The Hype Real Estate Group

Broker

$344.4M

vol

50 deals

Broker
The Hype Real Estate Group
The Hype Real Estate GroupBrokerage

Jeremy Stenberg

Bay Street Capital

Buyer

$8.2M

vol

2 deals

Buyer

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