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5905 Caravan Court, Orlando...

Bainbridge Cos. Acquires 5.66-Acre Resort In Orlando From Westgate Resorts Ltd For $10M
SOLDOther

Bainbridge Cos. Acquires 5.66-Acre Resort In Orlando From Westgate Resorts Ltd For $10M

5905 Caravan Court, Orlando, Florida 32819, United States

$10,000,000

Building Size

Asset Type

Other

Closing

Sep 21, 2022

AI

A 5.66-acre resort located at 5905 Caravan Court in Orlando has been sold for a price of $10,000,000. The property was sold on 09/22/2022 in a transaction involving the buyer, Bainbridge Cos., and the sellers, Westgate Resorts Ltd, David Siegel, and Central Florida Investments Inc. This resort is located in the Orlando market and was sold by David Siegel, a representative of Westgate Resorts Ltd and Central Florida Investments Inc.

Summary of transaction details

  • Property Type: Resort
  • Transaction Amount: $10,000,000
  • Address: 5905 Caravan Court, Orlando
  • Market: Orlando
  • Acres: 5.66

The buyer in this transaction was Bainbridge Cos., while the sellers included Westgate Resorts Ltd, David Siegel, and Central Florida Investments Inc. The property is situated in the Orlando market and was sold for a total price of $10,000,000 on 09/22/2022. David Siegel, representing Westgate Resorts Ltd and Central Florida Investments Inc, facilitated the sale of this resort.

Players

David Siegel

Westgate Resorts Ltd

Seller

$23.3M

vol

4 deals

Seller

Orlando Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93