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Fort Myers Beach Theater sells building, reopens


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  • | 12:36 p.m. June 24, 2011
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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.

 

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