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

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SOLD
$90,150,000

Arizona

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MultiFamily277,001 SF
Sold 10/22/2021
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Property Image
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 Deals
MultiFamily277,001 SF
Sold 10/22/2021
Contact now

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.

Players

Tyler Anderson
2 deals$153.7M volume
BROKER

Details

SOLD
IMAGE: Zamir Kazi DATE: 10/22/2021 ADDRESS: 546 S Country Club Road Drive MARKET: Mesa, AZ ASSET TYPE: Multifamily BUYER: ZMR Capital - Zamir Kazi BROKER: Tyler Anderson - CBRE ASKING PRICE: $90,150,000 UNITS: 320 ~ PPU: $281,719 SF: 277,001 ~ PPSF: $325

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$320,283.92
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