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2401 Florida Highway 434

CrossMarc Services Signs Leasing Deals With Five Tenants Including Foxtail Coffee In Longwood
LEASEDRetail

CrossMarc Services Signs Leasing Deals With Five Tenants Including Foxtail Coffee In Longwood

2401 Florida Highway 434

Building Size

10,894 SF

Asset Type

Retail

Closing

Mar 14, 2025

AI

The property asset involved in the context is located at 2401 Florida Highway 434, situated in the Longwood market. This retail asset has a total square footage of 10,894 and is part of a larger 64,753 SF Springs Plaza. The asset is currently under management by CrossMarc Services LLC and MCB Real Estate and has achieved a high occupancy rate of 95% following recent tenant additions.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 2401 Florida Highway 434
  • Market: Longwood
  • Square Footage: 10,894
  • Landlord: John Crossman - CrossMarc Services LLC; David Bramble & Peter Pinkard - MCB Real Estate
  • Tenant: Alex Tchekmeian - Foxtail Coffee; Children’s Art Classes; Level Up Pilates; Leah Urbani - 5th Nail Lounge; Niki Wilk Mahon - Turning Point Dance Studio
  • Broker: Flavia Kanyago - CrossMarc

Flavia Kanyago represented CrossMarc Services LLC and its joint venture partner MCB Real Estate in the leasing of space within the Springs Plaza. The new tenants added include Foxtail Coffee, Level Up Pilates, and Turning Point Dance Studio, showcasing an effort to enhance the tenant mix within the property.

Players

Flavia Kanyago

CrossMarc Services

Broker

1 deal

Broker
CL
CrossMarc Services LLCLandlord

David Bramble

MCB Real Estate

Landlord

2 deals

Landlord

Longwood Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93