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.

“The Opa Locka Hialeah Flea Market is an anomaly due to its unique physical position boasting major roadway and highway frontage on three sides, minutes away from Amazon's first mega warehouse to open in South Florida, which attracted New York-based Gramercy Property Trust,” Fay tells GlobeSt.com. “With larger boxes closing down because of retail taking a different turn resulting from various factors including 'the Amazon effect' and the resurgence of open air shopping destinations, we are excited to invest in the next phase of this iconic flea market, a historic staple in Miami-Dade.”