Midwest Private Investor Acquires Merchants Plaza Shopping Center In Cape Coral For $4.5M

The asset involved in this transaction is a fully leased retail property located at 155-159 Hancock Bridge Parkway in Cape Coral. The sale price for this 1.2 acre, 15,098 square foot shopping center was $4,500,000. The price per square foot is $298, and it was originally listed for $4.9 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,500,000
• Address: 155-159 Hancock Bridge Parkway
• Market: Cape Coral
• Asset Size: 1.2 acres
• Square Footage: 15,098 SF
• Price per Square Foot: $298
• Buyer's Representative: Julius Swolsky & Shannon Bona - CrownPoint Partners
• Seller's Representative: Matthews Real Estate Investment Services
• Mortgage Broker: Niko Buntich - Trinity Capital Corp

This transaction involved a Midwest-based private investor who acquired the property, emphasizing the center’s high-traffic location and full occupancy alongside recent renovations as important factors in the deal. CrownPoint Partners played a significant role in representing the buyer throughout the process.