IMC Equity Group Acquires Multifamily Property In Marathon For $40M

The multifamily property located at 6973 Overseas Hwy in Marathon has been sold for $40,000,000. The property consists of 106 units with a price per unit of $377,358. The total square footage of the property is 162,000, resulting in a price per square foot of $247. The sale was completed on 12/15/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Address: 6973 Overseas Hwy
• Market: Marathon
• Units: 106
• Price per Unit: $377,358
• Square Footage: 162,000
• Price per Square Foot: $247

The buyer of the property is IMC Equity Group, represented by Miri Brecher. The seller, Index Investment Group, was represented by Jill Douglas from Coldwell Banker Realty.