facebook
Traded Co logo
Submit

ZMR Capital Acquires 400-Unit Multifamily Property In Tampa For $65M

Property Image
SOLD
$65,000,000
Francesco (Frank) Carriera

Florida

See Similar Deals
MultiFamily9,726 SF
Sold 07/30/2020
the dealplayerscompscontact
Property Image
SOLD

ZMR Capital Acquires 400-Unit Multifamily Property In Tampa For $65M

7315 W Hanna Ave

See Similar Deals
MultiFamily9,726 SF
Sold 07/30/2020
Francesco (Frank) Carriera
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$6,683
Total Square Footage:9,726 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 7315 W Hanna Ave in Tampa. The sale took place on July 30, 2021, with a sale price of $65,000,000. The property consists of 400 units, resulting in a per-unit price of $162,500. The buyer of the property was ZMR Capital, represented by Zamir Kazi. The brokers involved in the deal were Michael Regan and Francesco Carriera from CBRE.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $65,000,000
  • Address: 7315 W Hanna Ave, Tampa
  • Market: Tampa
  • Buyer: ZMR Capital - Zamir Kazi
  • Brokers: Michael Regan & Francesco Carriera - CBRE
  • Units: 400
  • Per-Unit Price: $162,500

ZMR Capital, led by Zamir Kazi, acquired this multifamily property located at 7315 W Hanna Ave in Tampa for a total of $65,000,000. The transaction involved 400 units, with a per-unit price of $162,500. The deal was facilitated by brokers Michael Regan and Francesco Carriera from CBRE.

Players

Francesco (Frank) Carriera
15 deals$1.5B volume
BROKER

Michael Regan
CBRE
14 deals$1.5B volume
BROKER

Details

SOLD
IMAGE: Zamir Kazi DATE: 07/30/2021 ADDRESS: 7315 W Hanna Ave MARKET: Tampa ASSET TYPE: Multifamily BUYER: ZMR Capital - Zamir Kazi BROKERS: Michael Regan & Francesco Carriera - CBRE SALE PRICE: $65,000,000 UNITS: 400 ~ PPU: $162,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,466,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$230,931.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$308,133.16
Annual Debt Service$3,697,597.94