ZMR Capital Acquires Mesa Multifamily For $90.15M With Zamir Kazi As Buyer's Rep
SOLD
$90,150,000
Arizona
See Similar DealsMultiFamily277,001 SF
Sold 10/22/2021
SOLD
ZMR Capital Acquires Mesa Multifamily For $90.15M With Zamir Kazi As Buyer's Rep
546 South Country Club Drive, Mesa, AZ, USA
See Similar DealsMultiFamily277,001 SF
Sold 10/22/2021
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:277,001 SF
Transaction Type:Sale
The multifamily property located at 546 S Country Club Road Drive in Mesa, AZ has been sold in a closed transaction. The property consists of 320 units with a total square footage of 277,001. The asking price for the property was $90,150,000, resulting in a price per unit of $281,719 and a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $90,150,000
- Units: 320
- Price per Unit: $281,719
- Square Footage: 277,001
- Price per Square Foot: $325
The buyer of the property is ZMR Capital, represented by Zamir Kazi. The deal was brokered by Tyler Anderson from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,807,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$320,283.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$427,356.99
Annual Debt Service$5,128,283.91
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