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
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