A total one million sf is involved in the deal.
The Birmingham, AL-based lender bought the 14-year-old Space Coast landmark and its sister attraction, U.S. Space Camp Florida Training Center, for $100,000 a public auction Sept. 25. The sites are 45 miles southeast of Downtown Orlando.
The properties' owner, U.S. Space Camp Foundation of Huntsville, AL owed the bank $10 million in unpaid loans it had taken out in the 1990s to expand the properties. The bank was forced to buy the two assets to protect its investment, Brevard County court clerks who assisted with the auction tell GlobeSt.com on condition of anonymity.
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