Results Through Collaboration

Miami investor buys Opa-locka apartments for $8M

Ingram Park Apts 457x296
Published: Jan 08, 2020
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.

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Credit: Keith Larsen
Source: The Real Deal