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
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