ZMR Capital Acquires Multifamily Property In Las Vegas For $38.5M
SOLD
$38,500,000
Nevada
See Similar DealsMultiFamily205,455 SF
Sold 06/10/2022
SOLD
ZMR Capital Acquires Multifamily Property In Las Vegas For $38.5M
4855 East Vegas Valley Drive, Las Vegas, Nevada 89121, United States
See Similar DealsMultiFamily205,455 SF
Sold 06/10/2022
Summary
NEVADA
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:205,455 SF
Transaction Type:Sale
The multifamily property located at 4855 East Vegas Valley Drive in Las Vegas, NV has been sold for a total price of $38,500,000. The property consists of 216 units, with a price per unit of $178,241. The total square footage of the property is 205,455, with a price per square foot of $187.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Address: 4855 East Vegas Valley Drive, Las Vegas, NV
- Market: Las Vegas, NV
- Buyer: ZMR Capital - Zamir Kazi
- Units: 216
- Price Per Unit: $178,241
- Total Square Footage: 205,455
- Price Per Square Foot: $187
ZMR Capital, represented by Zamir Kazi, was the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
Annual Debt Service$2,190,115.70
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