ZMR Capital Acquires 400-Unit Multifamily Property In Tampa For $65M
7315 W Hanna Ave
$65,000,000
$6,683/SF
Building Size
9,726 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
AI
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
Tampa 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93