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13300 Alexandria Drive, Opa...

Ignacio Murman's Steelblock Acquires Multifamily Property In Opa-locka For $8.2M
SOLDMultiFamily

Ignacio Murman's Steelblock Acquires Multifamily Property In Opa-locka For $8.2M

13300 Alexandria Drive, Opa-locka, FL, USA

$8,200,000

$124/SF

Building Size

66,000 SF

Asset Type

MultiFamily

Closing

Oct 25, 2020

AI

A multifamily property located at 13300 Alexandria Drive in Opa-locka has been sold for $8,200,000. The property spans 66,000 square feet, resulting in a price per square foot of $124. It consists of 72 units, with an average price per unit of $113,889. The transaction took place on October 26, 2020.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $8,200,000
  • Address: 13300 Alexandria Drive
  • Market: Opa-locka
  • Square Footage: 66,000
  • Price per Square Foot: $124
  • Number of Units: 72
  • Price per Unit: $113,889

The buyer of the property was Ignacio Murman, representing Steelblock, while the seller was Jorge Lopez from The Lopez Companies. The transaction was facilitated by Tomas Sulichin from elatedISgRealty.

Players

Tomas Sulichin

RelatedISG International Realty

Broker

$161.4M

vol

22 deals

Broker

Ignacio Murman

Buyer

$16.4M

vol

2 deals

Buyer

Jorge A. Lopez

Seller

$101.8M

vol

5 deals

Seller

Opa Locka MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93