facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

County Road 535 Windermere

David Lukes Of SITE Centers Acquires Westside Shoppes In Windermere For $39M
SOLDRetail

David Lukes Of SITE Centers Acquires Westside Shoppes In Windermere For $39M

$39,000,000

$557/SF

Building Size

70,000 SF

Asset Type

Retail

Closing

Jul 9, 2025

AI

The retail asset involved in this transaction is the Westside Shoppes, located at Winter Garden Vineland Road/County Road 535 & Lachlan Lane in the Windermere market. The property was sold for $39,000,000, achieving a price per square foot of $557. The asset spans 70,000 square feet and was built in 2017, featuring tenants such as Panera Bread, Jersey Mike’s, and Gator’s Dockside.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $39,000,000
  • Square Footage: 70,000 SF
  • Price Per Square Foot: $557
  • Buyer: David Lukes - SITE Centers
  • Seller: Chuck Whittall - Unicorp National Developments; Dwight Saathoff - Project Finance & Development
  • Date of Transaction: 07/09/2025

The deal was represented by David Lukes from SITE Centers, who acted on behalf of the buyer. The sellers, Chuck Whittall from Unicorp National Developments and Dwight Saathoff from Project Finance & Development, were involved as a joint venture in this transaction.

Players

David Lukes

SITE Centers

Buyer

$1.6B

vol

28 deals

Buyer
Chuck Whittall

Chuck Whittall

Unicorp National Developments

Seller

$472M

vol

9 deals

Seller

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93