Cape Coral, Fla. — CrownPoint Partners has arranged the $4.5 million sale of Merchants Plaza, a 15,000-square-foot, multi-tenant neighborhood retail center in Cape Coral. Located at 155-159 Hancock Bridge Parkway, the center sits on 1.2 acres and was fully leased to seven tenants including Tires Plus, PI Pizza, Hancock Smoke Shop, Lee Nails, Floral Designs, Palm Tree Massage Spa and Cape Palace Arcade at the time of sale. According to CrownPoint Partners, the center was refurbished in 2023 with a new roof, upgraded HVAC systems, LED lighting, a new pylon sign and improved exterior finishes.
Julius Swolsky and Shannon Bona of CrownPoint Partners represented the buyer, a Midwest-based private real estate investment firm, in the transaction. Matthews Real Estate Investment Services represented the seller, a local private investor. Niko Buntich of Trinity Capital Corp. arranged financing for the property.