
WireWorks Retail Center
CLOSED
WireWorks Retail Center
​
Newly Renovated Property in the Last Two Years
​100 Percent Occupancy | MUV Medical Cannabis Dispensary Anchor Tenant
​New TPO Roof in 2019 | 20-Year Warranty
​Newly Paved Parking Lot
​New Exterior Façade in 2019
​All Tenant Suites are New Buildouts
​
224 North Florida Avenue, Lakeland, FL 3380
* Sale Price $3,220,000
* Sold at 96% of List
* Closed in 51 Days





Market Summary
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Price $3,348,000
Cap Rate 6.50%
NOI $217,626
Rentable SF 10,028 SF
Price per SF $333.87
Year Built / Renovated 2002 / 2019
Lot Size 0.56 Acres
Description
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Marcus & Millichap is pleased to present Wireworks Retail Center in Lakeland, Florida.​ The property has recently been renovated with a new roof, facade, parking lot, and suite buildouts.​ MUV contributed over $100,000 to their buildout.​
Lakeland is the largest city on Interstate 4 between Orlando and Tampa.​ Large industries in the Lakeland area are citrus, cattle, and phosphate mining.​ In the past few decades, tourism, medicine, insurance, transportation, and music have grown in importance.​ Known for a lower cost of living and home to Florida Southern College, it is a family-friendly area with many lakes, parks, and other desirable attractions.​
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The anchor tenant MUV is owned by Verano Holdings Incorporated.​ They are a leading, vertically integrated, multi-state cannabis operator in the U.​S.​ that is devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products.​ Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands with a mission to address vital health and wellness needs: Verano™, Avexia™, Encore™, and MÜV™.​ The company’s portfolio encompasses 14 U.​S.​ States, with active operations in 11, which includes nine production facilities comprising approximately 770,000 square feet of cultivation.​ Verano designs, builds, and operates dispensaries under retail brands Zen Leaf™ and MÜV, delivering a superior cannabis shopping experience in both medical and adult-use markets.​