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ZMR Capital Acquires Multifamily Property In Brandon For $53.3M

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SOLD
$53,300,000
Michael Regan

Florida

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MultiFamily285,335 SF
Sold 12/22/2021
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Property Image
SOLD

ZMR Capital Acquires Multifamily Property In Brandon For $53.3M

512 Camino Real Court, Brandon, FL 33510

See Similar Deals
MultiFamily285,335 SF
Sold 12/22/2021
Michael Regan
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$186
Total Square Footage:285,335 SF
Transaction Type:Sale

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

Michael Regan
14 deals$1.5B volume
BROKER

Luis Elorza
NorthMarq
7 deals$284.1M volume
BROKER

Details

SOLD
IMAGE: Zamir Kazi DATE: 12/22/2021 ADDRESS: 512 Camino Real Ct & 110 Summerfield Way MARKET: Brandon ASSET TYPE: Multifamily BUYER: ZMR Capital - Zamir Kazi BROKERS: Michael Regan - CBRE; Luis Elorza - NorthMarq SALE PRICE: $53,300,000 UNITS: 285 ~ PPU: $187,018 SF: 285,335 ~ PPSF: $187

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

$2,842,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$189,363.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$252,669.19
Annual Debt Service$3,032,030.31