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RaceTrac Acquires Retail Property In Marathon For $2.5M

3896 Overseas Highway
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This Retail property located in FL was sold for $2,516,000 over 3 years ago. The brokers of the deal were Joseph (Joe) Gallaher, Timothy "Tim" Merriman, and Aaron O'Connor

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.

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Deals
  • Location
    3896 Overseas Highway, Marathon, FL, USA3896 Overseas Highway, Marathon, FL, USA
  • Sale Price
    $2,516,000$2,516,000
    $384 PPSF$384 PPSF
  • Area
    6,539 SF6,539 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Timothy "Tim" Merriman

Timothy "Tim" Merriman

Deals1
Sold$2.5M

Joseph (Joe) Gallaher

Joseph (Joe) Gallaher

Deals1
Sold$2.5M

Agencies

NAI Capital

NAI Capital

Agency
Deals428
Volume$2.7B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Tim Merriman, Aaron O'Connor & Joe Gallaher DATE: 07/02/2021 ADDRESS: 3896 Overseas Highway MARKET: Marathon ASSET TYPE: Retail BUYER: RaceTrac SELLER: Andrea Tecce BUYER'S REP: Aaron O'Connor SELLER'S REP: Tim Merriman & Joe Gallaher ASKING PRICE: $2,750,000 SALE PRICE: $2,516,000 ACRES: 2.29 ~ PPA: $1,098,690

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3896 Overseas Highway

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