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

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SOLD
$10,000,000

Florida

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Sold 09/22/2022
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Property Image
SOLD

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

5905 Caravan Court, Orlando, Florida 32819, United States

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Sold 09/22/2022
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Summary

FLORIDA
Asset Type:Other
Transaction Type:Sale

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
David Siegel
4 deals$23.3M volume
SELLER

Details

SOLD
IMAGE: David Siegel DATE: 09/22/2022 ADDRESS: 5905 Caravan Court MARKET: Orlando ASSET TYPE: Resort ~ ACRES: 5.66 BUYER: Bainbridge Cos. SELLER: Westgate Resorts Ltd (@WestgateResorts) - David Siegel (@Djjfrieciejej) - Central Florida Investments Inc. SALE PRICE: $10,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22