Former Shell Factory property in North Fort Myers sold for $3.9 million
Gary Tasman, CEO and principal broker; Lane Boy, executive director; and Shawn Stoneburner,
senior director, of Cushman & Wakefield | Commercial Property Southwest Florida, LLC, announced today that theyhave
successfully facilitated the sale of the iconic Shell Factory property in North Fort Myers
for $3,925,000.
Tasman, Boy and Stoneburner represented the seller, Shell Factory LLC, in
the transaction. Established in 1938, the Shell Factory has been a historic roadside attraction for
more than 80 years and is well-known to generations of Southwest Floridians. The property
ceased operations in September 2024, creating a rare redevelopment opportunity for the
marketplace.
According to the sale announcement from Cushman & Wakefield, the property was marketed to owner/users and attracted significant interest, resulting in a
formal call for offers and multiple bids. Ultimately, the asset was sold to an owner-user buyer
for $3,925,000. The transaction closed in less than four months from initial listing to closing,
despite having previously been listed with another brokerage for around a year.
The buyer plans to pursue redevelopment of the site, with multiple future-use options under
consideration. Final development plans have not yet been announced. This successful outcome
highlights Cushman & Wakefield | Commercial Property Southwest Florida’s ability to deliver
superior results for clients through strategic marketing, market expertise, and execution.
About Cushman & Wakefield | Commercial Property Southwest Florida, LLC
Cushman and Wakefield | Commercial Property Southwest Florida, LLC delivers integrated
solutions by actively advising, implementing, and managing on behalf of landlords, tenants and
investors through every stage of the real estate process. They advise clients in buying, selling, financing, leasing and managing assets. C&W also provides
valuation advice, strategic planning and research, portfolio analysis, site selection and space
location assistance.
For more information about this transaction, or to learn more about Commercial Property
Southwest Florida, please contact Gary Tasman at gtasman@cpswfl.com or visit
www.cpswfl.com.