RaceTrac Acquires Retail Property In Marathon For $2.5M

A retail property located at 3896 Overseas Highway in Marathon has been sold in a recent transaction. The property, situated on 2.29 acres, was sold for a sale price of $2,516,000. The buyer, RaceTrac, acquired the property from seller Andrea Tecce. The transaction was facilitated by Aaron O'Connor, representing the buyer, and Tim Merriman and Joe Gallaher, representing the seller.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,516,000
• Date: 07/02/2021
• Address: 3896 Overseas Highway
• Market: Marathon
• Buyer: RaceTrac
• Seller: Andrea Tecce
• Buyer's Representative: Aaron O'Connor
• Seller's Representatives: Tim Merriman & Joe Gallaher
• Asking Price: $2,750,000
• Acres: 2.29
• Price Per Acre: $1,098,690

The acquisition of the property by RaceTrac signifies their entry into the Marathon market. This deal was successfully negotiated by Aaron O'Connor, representing RaceTrac, and the seller's representatives, Tim Merriman and Joe Gallaher. The property offers a prime retail location on the busy Overseas Highway in Marathon, further enhancing RaceTrac's presence in the area.