Ignacio Murman's Steelblock Acquires Multifamily Property In Opa-locka For $8.2M
SOLD
Florida
See Similar DealsMultiFamily66,000 SF
Sold 10/26/2020
SOLD
Ignacio Murman's Steelblock Acquires Multifamily Property In Opa-locka For $8.2M
13300 Alexandria Drive, Opa-locka, FL, USA
See Similar DealsMultiFamily66,000 SF
Sold 10/26/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:66,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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