The Wymore 360
Closed360 S Wymore Road, Altamonte Springs, FL 32714
Property type
Multifamily
Unit / Space count
200
Price
N/A
Building size
172,223 sf
Rentable area
172,223 SF
Year built
1973
Year renovated
Occupancy
Zoning code
Lot size
10.40 Acres
Sold/status
Sold · Date unknown
Bedroom count
Property description
The Wymore 360 is a 200 unit multifamily property located in Altamonte Springs, FL within the Orlando MSA. The property was constructed in 1973-1974 and is situated on 10.40 acres. The buildings are 1 and 2 story with 50% of the roofs replaced between 2015-2018 and another 5 roofs replaced since 2018. The Wymore 360 features 3 on-site laundry facilities and 2 swimming pools. Additional amenities include a fitness center, playground, dog park, reserved parking for a fee, on-site management, and on-site maintenance. Units feature stainless steel appliances and kitchen backsplashes in select units, dishwashers, walk-in closets, ceiling fans, and patios and balconies. The property is convenient to several national retailers Including Whole Foods (1.3 Mi), Publix Supermarket (2.0) Mi), Starbucks (1.5 Mi), Chipotle (0.9 Mi), YouFit Gym (1.2 Mi), Target (2.3 Mi), Walmart (2.6 Mi), The Home Depot (2.1 Mi), and Lowes (2.4 Mi). The Wymore 360 is also near major employers and universities including Advent Health Altamonte Springs Hospital (2.0 Mi), Seminole State College (10.6 Mi), Valencia College (13.9 Mi), and the University of Central Florida (15.1 Mi). Other nearby points of interest include Downtown Orlando (9.9 Mi), Universal Studios (17.9 Mi), Orlando International Airport (21.0 Mi), and Walt Disney World (25.2 Mi). The Wymore 360 features double digit loss to lease in-place and the property is 99% occupied. We anticipate that 20% rent growth can easily be attained by the next owner. Current ownership has put material capital into the asset but we believe there is significant value-add potential for interior, exterior, and amenity upgrades. The excellent Altamonte Springs location, nearby economic drivers, and value-add potential make The Wymore 360 a favored asset for continued rental success in the current and future market.
Property highlights
- Closed at Contract Price
- First Time Buyer in the Market Place
- Syndication Buyer with 1031 Proceeds