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
Fort Myers Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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