JBM Brokers the Sale of The Centro in South Fort Myers, FL
NAPLES, Fla., March 3, 2025 /PRNewswire/ -- JBM® Institutional Multifamily Advisors is pleased to announce the sale of the brand new, Class A+, institutional grade asset – The Centro. 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.
Amenities
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.
Units
The 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.
Location
The Centro has exceptional 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.
About JBM®
JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked boutique brokerage firm in the U.S.A.Green Street's 2024 national multifamily broker rankings rank JBM® as the #1 highest average sold price per transaction throughout the entire U.S.A. (four years in a row) and JBM® has a lifetime transactions volume of $20+ billion and 172,000+ units.
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SOURCE JBM Institutional Multifamily Advisors