John Crossman Of CrossMarc Capital LP Acquires The Food Factory In Oviedo For $8.3M
888 City Walk Lane
$8,300,000
$592/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Sep 14, 2026
About this deal
AI
The retail asset located at 888 City Walk Lane in Oviedo, Florida, has been sold for $8,300,000. This transaction involves a property with a total square footage of 14,000, reflecting a price per square foot of $593.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,300,000
- Square Footage: 14,000
- Address: 888 City Walk Lane
- Market: Oviedo, FL
John Crossman, representing CrossMarc Capital LP, has acquired The Food Factory at Oviedo on the Park through this transaction. The deal includes the purchase of an adjacent parcel where plans are in place for a new 3,894-square-foot retail building. It has already been confirmed that 1,200 square feet of this new space is preleased to Kilwins. Michael Collard Properties was the broker involved in this transaction.
On the Map
$8,300,000
$592/SF
Retail
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Players
Oviedo 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93