Shannon Mason Purchases Retail Property From Tom Schafer For $3,992,000 In Fort Myers
SOLD
$3,992,000
Florida
See Similar DealsRetail1,350 SF
Sold 03/27/2026
SOLD
Shannon Mason Purchases Retail Property From Tom Schafer For $3,992,000 In Fort Myers
4770 Colonial Boulevard
See Similar DealsRetail1,350 SF
Sold 03/27/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,957
Total Square Footage:1,350 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$212,906.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,182.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,924.12
Annual Debt Service$227,089.40
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