Bay Street Capital And BeeRock Holdings Acquire Industrial Property In Tampa For $1.55M
11302 North Nebraska Avenue
$1,550,000
$171/SF
Building Size
9,034 SF
Asset Type
Industrial
Closing
Aug 20, 2025
AI
The asset involved in this transaction is an industrial property located at 11302 North Nebraska Avenue in the Tampa market. The sale price was $1,550,000 for a total of 9,034 square feet, resulting in a price per square foot of $171.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,550,000
- Address: 11302 North Nebraska Avenue
- Market: Tampa
- Square Footage: 9,034
- Price Per Square Foot: $171
- Buyer: Bay Street Capital – Jeremy Stenberg & BeeRock Holdings – Benjamin Meland
- Seller: Mitchell Bell
- Buyer’s Representative: Pablo Vignolo, Raul Pino - The Hype Real Estate Group
- Seller’s Representative: Matthew Martinez - The Hype Real Estate Group
This transaction involved multiple key individuals and companies, highlighting the cooperation between both the buyer and seller representatives from The Hype Real Estate Group. The team's role was instrumental in ensuring a smooth closing for this off-market deal.
Players
Tampa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93