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ZMR Capital Acquires Fort Myers Multifamily For $44.5M

Property Image
SOLD
$44,500,000
Michael Regan
ZK

Florida

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MultiFamily118,652 SF
Sold 06/15/2020
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Property Image
SOLD

ZMR Capital Acquires Fort Myers Multifamily For $44.5M

4637 Deleon Street, Fort Myers, FL, USA

See Similar Deals
MultiFamily118,652 SF
Sold 06/15/2020
Michael Regan
ZK
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:118,652 SF
Transaction Type:Sale

The multifamily property located at 4637 Deleon Street in Fort Myers has been sold for a total price of $44,500,000. The transaction took place on June 15, 2021. The property consists of 338 units, resulting in a price per unit of $131,657.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $44,500,000
  • Address: 4637 Deleon Street
  • Market: Fort Myers
  • Units: 338
  • Price Per Unit: $131,657
  • Buyer: ZMR Capital - Zamir Kazi
  • Broker: Mike Regan - CBRE

ZMR Capital, represented by Zamir Kazi, acquired the property. The sale was facilitated by Mike Regan from CBRE.

Players

Michael Regan
CBRE
Michael Regan
14 deals$1.5B volume
BROKER
ZK
ZMR Capital
Zamir Kazi
10 deals$622.8M volume
BUYER

Details

SOLD
IMAGE: Michael Regan & Zamir Kazi DATE: 06/15/2021 ADDRESS: 4637 Deleon Street MARKET: Fort Myers ASSET TYPE: Multifamily BUYER: ZMR Capital - Zamir Kazi BROKER: Mike Regan - CBRE SALE PRICE: $44,500,000 UNITS: 338 ~ PPU: $131,657

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

$2,373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43