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ZMR Capital Acquires Multifamily Property In Las Vegas For $38.5M

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SOLD
$38,500,000

Nevada

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MultiFamily205,455 SF
Sold 06/10/2022
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Property Image
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 Deals
MultiFamily205,455 SF
Sold 06/10/2022
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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.

Players

ZK
10 deals$622.8M volume
BUYER

Details

SOLD
IMAGE: Zamir Kazi DATE: 06/10/2022 ADDRESS: 4855 East Vegas Valley Drive MARKET: Las Vegas, NV ASSET TYPE: Multifamily BUYER: ZMR Capital - Zamir Kazi (@ZAMIRKAZI) SALE PRICE: $38,500,000 UNITS: 216 ~ PPU: $178,241 SF: 205,455 ~ PPSF: $187

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Deal Type
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