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4770 Colonial Boulevard

Shannon Mason Purchases Retail Property From Tom Schafer For $3,992,000 In Fort Myers
SOLDRetail

Shannon Mason Purchases Retail Property From Tom Schafer For $3,992,000 In Fort Myers

4770 Colonial Boulevard

$3,992,000

$2,957/SF

Building Size

1,350 SF

Asset Type

Retail

Closing

Mar 27, 2026

AI

The property asset involved in this transaction is a retail space located at 4770 Colonial Boulevard in Fort Myers. The sale was recorded at a price of $3,992,000, encompassing a total square footage of 1,350, resulting in a price per square foot of $2,957.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,992,000
  • Address: 4770 Colonial Boulevard
  • Market: Fort Myers
  • Square Footage: 1,350
  • Price per Square Foot: $2,957
  • Buyer: Shannon Mason
  • Seller: Tom Schafer
  • Seller's Representative: Ronnie Issenberg & Gabriel Britti - Marcus & Millichap

The key individuals involved in the transaction include the buyer, Shannon Mason, and the seller, Tom Schafer. Representation for the seller was provided by Ronnie Issenberg and Gabriel Britti from Marcus & Millichap, highlighting the professional brokerage presence in the transaction.

Players

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 deals

Broker

Shannon Mason

Buyer

$4M

vol

1 deal

Buyer

Tom Schafer

Seller

$4M

vol

1 deal

Seller

Fort Myers Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93