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

8700 Overseas Highway
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This MultiFamily property located in FL was sold for $12,500,000 over 2 years ago. The brokers of the deal were Jill Douglas and Miri Brecher

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.

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Deals
  • Location
    8700 Overseas Highway, Marathon, Florida 33050, United States8700 Overseas Highway, Marathon, Florida 33050, United States
  • Sale Price
    $12,500,000$12,500,000
    $357 PPSF$357 PPSF
  • Area
    35,000 SF35,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Miri Brecher

Miri Brecher

Deals4
Financed$72.3M

Agency

Coldwell Banker

Coldwell Banker

Agency
Deals1405
Volume$9.3B

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Deal Summary

SALE IMAGE: Miri Brecher & Jill Douglas DATE: 12/15/2021 ADDRESS: 8700 Overseas Hwy MARKET: Marathon ASSET TYPE: Multifamily BUYER: IMC Equity Group SELLER: Index Investment Group BUYER'S REP: Miri Brecher (@MiamiBeachSunshine) SELLER'S REP: Jill Douglas (@Off_Market_Property) - Coldwell Banker Realty SALE PRICE: $12,500,000 UNITS: 46 ~ PPU: $271,739 SF: 35,000 ~ PPSF: $357

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8700 Overseas Highway

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