Updated Oct 28, 2024
ZMR Capital Acquires Multifamily Property In Las Vegas For $38.5M
4855 East Vegas Valley Drive, Las Vegas, Nevada 89121, United States
$38,500,000
$187/SF
Building Size
205,455 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
About this deal
AI
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
Las Vegas 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93