Excerpted from The Real Deal story.
An apartment community in Opa-locka sold for $8.2 million, amid growing interest from investors in the financially troubled city.
Ingram Park Apartments LLC sold the 118-unit complex at 14255 to 14460 Northwest 22nd Avenue for $70,000 per unit, records show. SteelBlock, LLC, which is managed by Ignacio Murman, a former executive with Miami-based Black Salmon Capital, bought the property.
Steel Block is a local investment group serving as a conduit for South American private capital, according to a press release.
Franklin Street’s Hernando Perez, Joe Rubin and Oscar Banegas represented the seller. First Bank Florida provided a $5.85 million loan to SteelBlock to acquire the property.
For full story, visit https://therealdeal.com/miami/2020/01/08/miami-investor-buys-opa-locka-apartments-for-8m/