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11302 North Nebraska Avenue

Bay Street Capital And BeeRock Holdings Acquire Industrial Property In Tampa For $1.55M
SOLDIndustrial

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

Raul Pino

The Hype Real Estate Group

Broker

$344.4M

vol

50 deals

Broker
The Hype Real Estate Group
The Hype Real Estate GroupBrokerage
BC
Bay Street CapitalSeller

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