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546 South Country Club Driv...

ZMR Capital Acquires Mesa Multifamily For $90.15M With Zamir Kazi As Buyer's Rep
SOLDMultiFamily

ZMR Capital Acquires Mesa Multifamily For $90.15M With Zamir Kazi As Buyer's Rep

546 South Country Club Drive, Mesa, AZ, USA

$90,150,000

$325/SF

Building Size

277,001 SF

Asset Type

MultiFamily

Closing

Oct 22, 2021

AI

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.

Players

Tyler Anderson

CBRE

Broker

$153.7M

vol

2 deals

Broker

Zamir Kazi

ZMR Capital

Buyer

$622.8M

vol

10 deals

Buyer

Mesa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93