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
About this deal
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.
On the Map
Retail
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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