The Real Deal Miami

Multifamily portfolio in Opa-Locka sells for $20.3M

Sale includes 324 units, parking lots and a main office building

September 29, 2015 11:15AM
By Katherine Kallergis

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Front Blue Apartments in Opa-Locka

Front Blue Apartments in Opa-Locka, 13412 Northwest 30th Avenue

A Palm Beach Gardens-based multifamily firm has sold its Opa-Locka apartment complex for $20.3 million, Miami-Dade County records show.

Creative Choice, a private real estate investment, development and management company, sold a total of 324 units, parking lots and a main office building, according to property records.

The apartments are in three-story buildings along Alexandria Drive and Aswan Road, south of 135th Street.

  • 13002 Alexandria Drive: 125 units
  • 13122 Port Said Road: 144 units
  • 13412 Aswan Road: 25 units
  • 13436 Aswan Road: 34 units

The Opa-Locka developments were built in 1971, property records show. The last recorded sales price was for $268,700 in 1992.

Glorieta Partners Ltd. was the buyer. Its corporate records list a residential address in Ocean Ridge, a town in Palm Beach County. A mortgage was not recorded.

Creative Choice could not immediately be reached for comment.