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512 Camino Real Court, Bran...

ZMR Capital Acquires Multifamily Property In Brandon For $53.3M
SOLDMultiFamily

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

Michael Regan

CBRE

Broker

$1.5B

vol

14 deals

Broker

Zamir Kazi

ZMR Capital

Buyer

$622.8M

vol

10 deals

Buyer

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