GlobeSt.com EXCLUSIVE: Brokers Pay $535,000 for Downtown Corner

ORLANDO-When an opportunity arose to buy about a half acre of Downtown dirt for $535,000, longtime business associates Daryl M. Carter and Scott E. Crossman jumped at the chance.

Through their newly formed Orange Avenue-Grant Street Land Trust, the Carter-Crossman team acquired the 0.59-acre site at the southeast corner of Orange Avenue and Grant Street from Orlando auto dealers Denis Moredo, Harris M. Ganey and Jan C. Ganey.

Carter-Crossman then turned around and leased the dirt to Steve Vickers, the managing principal of Net Direct Auto Sales LLC, a new online and offline used car dealership expected to debut this month. The brokers also took an equity position in the used-car business.