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ZMR Capital Acquires Multifamily Property In Bryn Mawr, Orlando For $48M

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SOLD
$48,000,000

Florida

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MultiFamily189,257 SF
Sold 12/16/2021
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SOLD

ZMR Capital Acquires Multifamily Property In Bryn Mawr, Orlando For $48M

3149 Landtree Place, Orlando, FL 32812

See Similar Deals
MultiFamily189,257 SF
Sold 12/16/2021
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:189,257 SF
Transaction Type:Sale

The multifamily property located at 3149 Landtree PL in Bryn Mawr, Orlando has been sold for a total price of $48,000,000. The property consists of 220 units, with an average price per unit of $218,182. The total square footage of the property is 189,257, with a price per square foot of $254.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $48,000,000
  • Address: 3149 Landtree PL, Bryn Mawr, Orlando
  • Market: Bryn Mawr, Orlando
  • Buyer: ZMR Capital - Zamir Kazi
  • Brokers: Scott Ramey - Newmark

ZMR Capital, represented by Zamir Kazi, acquired the property. The deal was facilitated by Scott Ramey from Newmark. These key individuals and companies played a crucial role in the successful transaction.

Players

Scott Ramey
15 deals$1.3B volume
BROKER

Details

SOLD
IMAGE: Zamir Kazi DATE: 12/16/2021 ADDRESS: 3149 Landtree PL MARKET: Bryn Mawr, Orlando ASSET TYPE: Multifamily BUYER: ZMR Capital - Zamir Kazi BROKERS: Scott Ramey - Newmark SALE PRICE: $48,000,000 UNITS: 220 ~ PPU: $218,182 SF: 189,257 ~ PPSF: $254

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,560,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$170,533.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$227,544.49
Annual Debt Service$2,730,533.86