ZMR Capital Acquires Multifamily Property In Dallas
3353 Lombardy Lane, Dallas, TX 75220, USA
Building Size
135,952 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
AI
3353 Lombardy Ln in Dallas has been sold in a recent transaction. The multifamily property, with a total square footage of 135,952, consists of 308 units. The sale was facilitated by Zamir Kazi of ZMR Capital, who acted as the buyer. The property was listed by Taylor Snoddy of NorthMarq.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Square Footage: 135,952
- Number of Units: 308
- Market: Dallas
Zamir Kazi, representing ZMR Capital, acquired 3353 Lombardy Ln in Dallas. Taylor Snoddy of NorthMarq brokered the deal.
Players
Dallas 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93