Ironwood Venture Group & Constellation Group Acquire 3.7 Acre Land In Marathon For $3.18M
59720 Overseas Hwy, Marathon, FL 33050
$3,180,000
Building Size
—
Asset Type
—
Closing
Sep 19, 2022
About this deal
AI
The property involved in this transaction is located at 59720 Overseas Highway in Marathon. It is a land asset covering an area of 3.7 acres. The sale of this property took place on September 20, 2022, and the transaction was facilitated by Louie Granteed from Tobin Real Estate.
Summary of transaction details:
- Property Type: Land
- Sale Price: $3,180,000
The buyers in this transaction were Ironwood Venture Group and Constellation Group. They acquired the land for the aforementioned sale price. Louie Granteed from Tobin Real Estate represented the buyers as their broker.
On the Map
$3,180,000
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Players
Marathon CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93