November 30, 2023


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Steelblock purchases Opa-locka condominium sophisticated for $8M

Steelblock CEO Ignacio Murman and 13300 Alexandria Drive in Opa-locka (Steelblock, Google Maps)

Steelblock CEO Ignacio Murman and 13300 Alexandria Drive in Opa-locka (Steelblock, Google Maps)

Updated, Oct. 27, 1:45 p.m.: A Miami-primarily based real estate investment decision firm bought a 72-unit lower-revenue housing setting up in Opa-locka for $8.2 million.

A company tied to Ignacio Murman, CEO of Steelblock, purchased the making at 13300 Alexandria Drive, according to a push release.

At $120,833 a unit, it is the optimum value-per-device sale in the record of Opa-locka, in accordance to the launch. The past document was $110,000 a unit.

A corporation tied to Jorge “Ariel” Lopez of the Lopez Corporations bought the setting up. The Lopez Firms earlier acquired the constructing in 2017 for $5 million, according to information. The building has 66,000 square feet and was created in 1972.

Available units involve a 691-sq.-foot, two-bed room, 1-bath apartment leasing for $1,250 for every month and a 1,025-sq.-foot, three-bed room, a person-tub apartment leasing for $1,500, according to an on the web listing.

Tomas Sulichin, president of the professional real estate division RelatedISG Intercontinental Realty that released in September, represented the purchaser. He claimed the buyer options to continue hunting for multifamily investments in the region and has plans to make improvements to the Opa-locka property within and exterior the creating.

In January, Steelblock purchased another Opa-locka constructing for the similar price tag. The 118-unit intricate at 14255 to 14460 Northwest 22nd Avenue offered for $70,000 per device.

Other new multifamily discounts in South Florida incorporate $13 million for the 66-unit Hilton Estates buildings in Hialeah, and $67.5 million for a 218-device progress in Fort Lauderdale’s Flagler Village.