IMC Equity Group Acquires Multifamily Property In Marathon For $12.5M

The multifamily property located at 8700 Overseas Hwy in Marathon has been sold for a total price of $12,500,000. The property consists of 46 units, with an average price per unit of $271,739. The total square footage of the property is 35,000, resulting in a price per square foot of $357.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Units: 46
• Price per Unit: $271,739
• Total Square Footage: 35,000
• Price per Square Foot: $357
• Market: Marathon

The buyer of the property is IMC Equity Group, while the seller is Index Investment Group. Representing the buyer is Miri Brecher, and representing the seller is Jill Douglas from Coldwell Banker Realty.