ZMR Capital Acquires Fort Myers Multifamily For $44.5M
4637 Deleon Street, Fort Myers, FL, USA
$44,500,000
$375/SF
Building Size
118,652 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
AI
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
Fort Myers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93