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693 Wymore Rd, Altamonte Sp...

Updated May 12, 2025

Trion Properties Acquires Altamonte At Spring Valley Multifamily For $49.1M
SOLDMultiFamily

Trion Properties Acquires Altamonte At Spring Valley Multifamily For $49.1M

693 Wymore Rd, Altamonte Springs, F...

$49,100,000

Units

250

Asset Type

MultiFamily

Closing

Nov 22, 2023

About this deal

AI

Altamonte at Spring Valley, a 250-unit multifamily community located at 693 Wymore Rd, Altamonte Springs, was acquired by Trion Properties for $49.1 million. The property, built in 1974, features 250 one- and two-bedroom apartments with an average size of 924 square feet. Community amenities include two pool decks with grills and cabanas, a sports and tennis court, fitness center, and a dog park. At the time of the sale, the community was 99 percent occupied, situated 9.4 miles north of Orlando and 29.2 miles from Orlando International Airport.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $49,100,000.00
  • Address: 693 Wymore Rd, Altamonte Springs, FL
  • Market: Altamonte Springs
  • Seller's Representative: Paul Grant, Newmark
  • Buyer: Trion Properties

Ryan Moody and Scott Ramey, along with Paul Grant from Newmark, represented the undisclosed seller during this transaction. The acquisition of the multifamily community reflects Trion Properties' strategic investment in the Altamonte Springs market.

On the Map

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$49,100,000

MultiFamily

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Players

Paul Grant

Newmark

Broker

$754.3M

vol

8 deals

Broker
Trion Properties
Trion PropertiesBrokerage
Trion Properties
Trion PropertiesBuyer
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Altamonte Springs 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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