Massive Flea Market Sells For Massive Price: $80M
Avison Young called the property “an anomaly.” MIAMI—The Opa Locka Hialeah Flea Market portfolio, consisting of three land parcels…
August 02, 2017 at 10:27 AM
3 minute read
Avison Young called the property “an anomaly.”
MIAMI—The Opa Locka Hialeah Flea Market portfolio, consisting of three land parcels totaling over 72 acres in Opa-Locka, FL, has traded hands. The sale price: $80 million.
Avison Young's Michael T. Fay, principal and managing director of the firm's Miami operations, brokered the sale of on behalf of the buyer, Gramercy Property Trust, and the seller entities, Bodwin, Ltd and SeaBase Florida Corp. The three land parcels—two of which have direct frontage along the Gratigny (State Road 924) and all three along major roadways—last sold separately between 1984 and 1991 for a total of $11.3 million.
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