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

6973 Overseas Highway
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This MultiFamily property located in FL was sold for $40,000,000 over 2 years ago. The brokers of the deal were Jill Douglas and Miri Brecher

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.

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Deals
  • Location
    6973 Overseas Highway, Marathon, Florida 33050, United States6973 Overseas Highway, Marathon, Florida 33050, United States
  • Sale Price
    $40,000,000$40,000,000
    $246 PPSF$246 PPSF
  • Area
    162,000 SF162,000 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: 6973 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: $40,000,000 UNITS: 106 ~ PPU: $377,358 SF: 162,000 ~ PPSF: $247

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6973 Overseas Highway

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