The Commons

Posted: 10/15/2021
280 Units
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About

About The Commons

Cushman & Wakefield, as exclusive advisor, is pleased to present The Commons, a 280-unit, garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 1998, the Property will be delivered 100% vacant as it was previously under a master lease to the Walt Disney Company that will be terminated upon closing.

The Commons is situated on 19.28 acres and is comprised of 29 two and three-story residential buildings with spacious floorplans averaging 1,040 s.f. The Property boasts an extensive amenity package including a resort-style swimming pool, fitness center, conference center, lighted tennis court, lighted sand volleyball court, garages, picnic area with grills and gazebo, and a car care center. With largely original interior finishes, coupled with the ability to improve the large current amenity package, new ownership can immediately implement a comprehensive value-add program to bring rents inline with submarket comparables.

The Property has immediate proximity to major employment centers, including the Tourist Corridor office submarket, Lockheed Martin, Orlando Health Dr. P. Phillips Hospital, Universal Studios, SeaWorld, and Disney’s Campus, all less than 15 minutes away. Additionally, the immediate area has over 1.8 m.s.f. of retail and restaurant space within a one-mile radius, including Publix Supermarket, the Orlando Premium Outlets, and Disney Springs..

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