BUYER: Fort Myers Beach Properties LLC (principal: Sorin Lupu), Fort Myers
SELLER: Beach Theater LLC
PROPERTY: 6345-6425 Estero Blvd., Fort Myers Beach
PRICE: $1.4 million
PREVIOUS PRICE: $250,000, April 1999
LAW FIRM ON DEED: Pavese Law Firm, Fort Myers
PLANS, DESCRIPTION: Sorin Lupu of Fort Myers purchased the 10,000-square-foot Beach Theater building for $1.4 million.
The price equated to $140 per square foot.
Citing slow business, the Beach Theater closed last year and its owners put the building and business up for sale. Lupu has since persuaded a portion of the Beach Theater's former ownership to reopen the movie theater and stay on as a tenant. Nick Campo, an original owner, is now general manager of the theater.
“Ultimately, this became just a property ownership change,” Campo says. “This sale allowed us to reorganize the business.”
The dinner theater shows first-run movies. It is the only movie theater on Fort Myers Beach.
Bill Young of CB Richard Ellis | Fort Myers/Naples did the transaction.