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.
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