JBM Institutional Multifamily Advisors announced the sale of The Centro in South Fort Myers, a brand new, Class A+, institutional grade asset.
The property is a 264-unit, four-story, 2023-built property that sits on 14.15 acres +/-. The buyer was Continental Properties, and the seller was Geis Companies, a nationally recognized developer that has completed over 1,700+ projects across the U.S. JBM has completed over $316 million in transactions with Continental.
The Centro features air-conditioned interior corridors, and an ultra-modern amenity package, including a heated, resort-style pool with sun shelf, poolside cabanas, expansive sundeck, grilling stations, package lockers, movie theater room, EV chargers, outdoor pet wash stations, car care center, and barber/beautician rooms. The expansive courtyard includes beach volleyball, cornhole, putting green, bocce ball, shuffleboard, giant chess, ping pong, dog park, and community garden. The two-story, state-of-the-art fitness center showcases Peloton bikes, infrared sauna, children’s playroom, and dedicated yoga room.
The Southwest Florida property consists of a diverse mix of studios, one, two, and three-bedroom units. These modern unit interiors feature open-concept floorplans with chef-inspired kitchens including quartz countertops, stainless steel appliance package, blue-green designer tile backsplash, single-basin undermount sinks, black, soft-close cabinets with gold hardware, and high-end front control ranges. The luxury spa-inspired bathrooms have cultured marble vanity tops, double sink vanities, glass walk-in showers in select units, framed mirrors, upscale wood finish flooring throughout, and large walk-in closets.
The Centro in Fort Myers has drive-by visibility and connectivity located on Interstate-75 with proximate access to Alico Road, Ben Hill Griffin Parkway, and U.S. Highway 41. This provides access to major shopping destinations and retail options such as The Gulf Coast Town Center (1 mile away) and The Miromar Outlets (5 miles away).
The Centro is located on Three Oaks Parkway which is currently undergoing a $27MM+ expansion to connect to Daniels Parkway which will dramatically improve North/South connectivity throughout Fort Myers.
