CAPE CORAL, Fla. – CrownPoint Partners, a national real estate brokerage and advisory firm specializing in net lease investments and sale-leaseback advisory services, announced today the $4.5 million acquisition of Merchants Plaza, a fully leased neighborhood shopping center in Cape Coral, Fla.
Managing Partners and Co-Founders Julius Swolsky and Shannon Bona of CrownPoint Partners represented the buyer, a private Midwest-based real estate investment firm. Matthews Real Estate Investment Services represented the seller, a local private investor.
"Quality, multi-tenant assets in Florida's top MSAs are highly coveted and make phenomenal additions to any investor's portfolio," said Bona. "Our transaction volume in Florida speaks for itself — we're proud to have secured this property for a repeat client and confident it will serve him well."
She added that CrownPoint's Florida presence has played a central role in its momentum. "CrownPoint Partners is based in Florida, and I've lived here the greater part of the last decade," Bona said. "The Gulf Coast is home to some of the fastest-growing markets in the country. It's exciting to help investors access high-visibility opportunities in this region."
Originally listed at $4.9 million, CrownPoint Partners negotiated a final sale price of $4.5 million — 91% of the list price — by conveying the buyer's strength, commitment, and ability to close, according to Bona.
Located at 155-159 Hancock Bridge Parkway, Merchants Plaza spans 15,098 square feet on a 1.2-acre parcel and is 100% occupied by seven tenants, including Tires Plus (Bridgestone Tires), PI Pizza, Tobacco Shop, Lee Nails, Floral Designs, Palm Tree Massage, and Cape Palace Arcade. The center benefits from its strategic position at the intersection of Pine Island Road, Santa Barbara Boulevard, and Hancock Bridge Parkway — three of Cape Coral's busiest thoroughfares — and is surrounded by neighboring retail centers and national brands such as Publix, McDonald's, Walgreens, Sam's Club, and multiple financial institutions.
According to a January 2024 report by the Cape Coral Economic Development Office, commercial construction permits rose 58% year-over-year — the highest valuation on record — with Pine Island Road identified as one of the city's most active retail corridors. Merchants Plaza's location and tenant mix align with the region's continued expansion and demand for stabilized retail assets.
"Investor demand continues to focus on essential retail and well-located centers with strong tenancy," said Swolsky. "Cape Coral's growth trajectory and Merchants Plaza's full occupancy made it a standout opportunity. Our ability to move swiftly and communicate buyer credibility was key to winning the deal."
Financing was arranged by Niko Buntich of Trinity Capital Corp. "CrownPoint Partners collaborates with trusted debt placement experts to ensure clients receive competitive and customized financing solutions," said Bona. "Working alongside Trinity Capital Corp, we facilitated a seamless closing for both the buyer and lender."
Merchants Plaza was refurbished in 2023 and features a new roof, upgraded HVAC systems, LED lighting, a new pylon sign, and enhanced exterior finishes — offering a turnkey investment opportunity with long-term stability.
About CrownPoint Partners
CrownPoint Partners is a national real estate brokerage and advisory firm with offices in West Palm Beach, Florida, and Newport Beach, California. The firm is led by principals Julius Swolsky, Shannon Bona, and Don Bingham, recognized experts in net lease and sale-leaseback transactions. Leveraging decades of experience in investment sales, development, and institutional banking, CrownPoint provides services at every stage of the investment journey.
CrownPoint’s client base spans REITs and institutions, private equity, developers, business owners, and private investors. CrownPoint’s Net Lease Investments and Sale-Leaseback platforms offer tailored solutions with specializations in investment sales, acquisitions, corporate expansion, value optimization, and unique ways to unlock capital.
Committed to consistency, transparency, and responsible investment practices, CrownPoint builds lasting partnerships and helps clients achieve their long-term financial goals. Visit: www.crownpoint.co.
Media Contact
Company Name: CrownPoint Partners
Contact Person: Shannon Bona, Managing Partner / Co-Founder
Email:Send Email
Phone: (203) 592-4688
Address:700 S. Rosemary Square Suite 204
City: West Palm Beach
State: Florida
Country: United States
Website: https://crownpoint.co/
