ZMR Capital Acquires Multifamily Property In Brandon For $53.3M
512 Camino Real Court, Brandon, FL 33510
$53,300,000
$186/SF
Building Size
285,335 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
On December 22, 2021, a multifamily property located at 512 Camino Real Ct & 110 Summerfield Way in Brandon was sold for a total price of $53,300,000. The property consists of 285 units and spans across 285,335 square feet. The sale price per unit was $187,018, and the price per square foot was $187. This transaction was facilitated by brokers Michael Regan from CBRE and Luis Elorza from NorthMarq.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,300,000
- Address: 512 Camino Real Ct & 110 Summerfield Way
- Market: Brandon
- Units: 285
- Price per Unit: $187,018
- Square Footage: 285,335
- Price per Square Foot: $187
- Buyer: ZMR Capital - Zamir Kazi
ZMR Capital, led by Zamir Kazi, acted as the buyer in this transaction. They acquired this multifamily property for a significant amount, further expanding their portfolio. The deal was successfully facilitated by the expertise of brokers Michael Regan from CBRE and Luis Elorza from NorthMarq, who represented the parties involved in the transaction.
Players
Brandon 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93