Stratwell Acquires Mixed-Use Asset In Marathon For $1.775M With Brokers Prieto & Blanco
12000 Overseas Highway
$1,775,000
$315/SF
Building Size
5,625 SF
Asset Type
Mixed-use
Closing
Feb 9, 2024
About this deal
AI
The property located at 12000 Overseas Highway in Marathon, a mixed-use asset, was recently sold for $1,775,000. The property spans a total of 5,625 square feet, resulting in a price per square foot of $316.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,775,000
- Address: 12000 Overseas Highway
- Market: Marathon
Isael Prieto and Eddie Blanco from Stratwell represented the parties involved in the transaction, showcasing their expertise in facilitating the sale of this mixed-use property.
The mixed use sale at 12000 Overseas Highway in Marathon, Florida sold for $1.8M in 2024. The building is 5,625 square feet, implying about 315 per square foot on the published price. Isael Prieto, Eddie Blanco, Stratwell appear on the sale alongside Stratwell. This page is the Marathon, Florida file for the 12000 Overseas Highway mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Marathon sit in the Market section below. Filter that Marathon mixed use set by closing date to see what else sold near 12000 Overseas Highway around 2024. Published consideration for 12000 Overseas Highway is $1.8M, dated 2024. Cite this Stratwell Acquires Mixed-Use Asset In Marathon For $1.775M With Brokers Prieto & Blanco sale when underwriting similar mixed use product around Marathon, Florida.
Players
Marathon Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93