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3251 Daniels Road

RA2 – Winter Gardens Village LLC Purchases Winter Garden Village From David Lukes For $165M
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RA2 – Winter Gardens Village LLC Purchases Winter Garden Village From David Lukes For $165M

3251 Daniels Road

$165,000,000

$142/SF

Building Size

1,160,000 SF

Asset Type

Retail

Closing

Aug 4, 2025

AI

The Winter Garden Village shopping center, located at 3251 Daniels Road in Winter Garden, Florida, has been sold for $165,000,000. This retail asset encompasses a significant square footage of 1,160,000 and was transacted at a price per square foot of $142.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $165,000,000
  • Buyer: RA2 – Winter Gardens Village LLC
  • Seller: David Lukes - SITE Centers Corp.
  • Square Footage: 1,160,000
  • Price Per Square Foot: $142
  • Market: Winter Garden

RA2 – Winter Gardens Village LLC, an entity associated with DWS Group, has acquired the property from David Lukes, representing SITE Centers Corp. This off-market deal marks the largest U.S. retail transaction of 2025 thus far, with notable tenants such as Target, Best Buy, and LA Fitness occupying the shopping center.

Players

David Lukes

SITE Centers

Seller

$1.6B

vol

28 deals

Seller

Winter Garden 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93