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
About this deal
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.
On the Map
$34,500,000
$230/SF
Retail
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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