Commercial Real Estate, Capital, Insurance, Leasing & Management

Miami Investor Buys Opa-locka Apartments for $8M

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An apartment community in Opa-locka sold for $8.2 million, amid growing interest from investors in the financially troubled city. Franklin Street’s Hernando Perez, Joe Rubin and Oscar Banegas represented the seller.

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/

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