Griffin Farm Center LLC Acquires 150,000-SF Retail Center In Lake Mary For $34.5M
211 Wheelhouse Ln
$34,500,000
$230/SF
Building Size
150,000 SF
Asset Type
Retail
Closing
Dec 22, 2025
AI
The retail property located at 211-245 Wheelhouse Ln in Lake Mary, built in 2019, comprises 150,000 square feet and was sold for $34.5 million. The property is anchored by tenants including Winn-Dixie and Crunch Fitness and was last traded in 2023. It is situated adjacent to a luxury apartment component.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $34,500,000
- Square Footage: 150,000
- Price Per Square Foot: $230
- Buyer: Griffin Farm Center LLC
- Seller: Equity Management Partners
- Sale Date: 12/22/2025
- Market: Lake Mary
Equity Management Partners sold the property to Griffin Farm Center LLC, marking a significant transaction in the Lake Mary market. The deal was finalized on December 22, 2025, reflecting the ongoing interest in retail real estate in the area.
Players
Lake Mary Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93