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3353 Lombardy Lane, Dallas,...

ZMR Capital Acquires Multifamily Property In Dallas
SOLDMultiFamily

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

Taylor Snoddy

NorthMarq

Broker

28 deals

Broker

Zamir Kazi

ZMR Capital

Buyer

$622.8M

vol

10 deals

Buyer

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