Sheldon Good & Company to Auction Stunning 18-Hole Golf Course in Deland, Florida

Picturesque Southridge Golf Course Has a Suggested Opening Bid of $250,000

NEW YORK--(BUSINESS WIRE)--Sheldon Good and Company, a Racebrook Portfolio Company and America’s leading real estate auctioneer, will conduct an auction of the Southridge Golf Course on Thursday, July 28, at the Hilton Orlando/Altamonte Springs. Located one hour north of Orlando in Deland, Florida, Southridge will be sold absolute without reserve, with seller financing available to the highest bidder. The suggested opening bid is $250,000.

“This is a very unique investment opportunity and a chance to acquire a trophy golf course, set in beautiful surroundings, that already has a strong annual membership and customer base”

Southridge, set on 136 rolling acres, opened to golfers in 1968, and has been family-owned ever since. After 43 years the family has decided to retire from the golf course business, and Southridge now presents an incredible opportunity for a new owner to bring these unique grounds to the next level of operations. An average of 31,000 rounds of golf are played on the 18-hole, par-72 course each year.

Unlike most Central Florida golf courses, Southridge, located at 800 E. Euclid Avenue, is not just flat terrain. Dotted with mature trees, rolling terrain with incredible plants, the property also includes a clubhouse with pro-shop, large bar and dining area with seating for 150, a second banquet building for private events, maintenance buildings and cart storage buildings.

“This is a very unique investment opportunity and a chance to acquire a trophy golf course, set in beautiful surroundings, that already has a strong annual membership and customer base,” said John J. Cuticelli Jr., CEO of Sheldon Good & Company. With modest capital improvements, the course’s popularity and performance can grow exponentially.”

Registration for the absolute without reserve auction will begin at 10 a.m. on July 28 at the Hilton Orlando/Altamonte Springs at 350 North Lake Boulevard in Altamonte Springs, Florida. The auction commences at 11 a.m. The Bidder’s Information Packet (BIP), a requirement to bid, will be available at all on-site inspections or may be ordered by registering at GolfCourseAuction.com or calling 800-962-0932. This packet contains pertinent information specific to the property, seller financing, auction guidelines, as well as the Terms of Sale. On-site inspections are available by appointment only beginning on June 29.

ABOUT SHELDON GOOD & COMPANY

Sheldon Good & Company is America's Real Estate Auctioneer. As the nation's leading provider of strategic momentum-building marketing and structured accelerated sales solutions, the firm has a 45-year track record of proven results, has sold billions of dollars worth of properties in every real estate asset class, and has the highest closing ratio in the industry.

Sheldon Good & Company brings a superior level of experience, expertise, and creativity in analyzing the real estate and creating the proper deal structure to maximize return, utilizing a sophisticated array of alternative sales strategies that include open-outcry auction programs, sealed bid offerings, private sale campaigns, phased auction plans and structured loan sales throughout North America and the Caribbean.

Sheldon Good & Company is a Racebrook Portfolio Company, part of a family of enterprises offering a wide range of services in the special situation and opportunistic real estate sector that include: advisory and consulting services; acquisition, investment and disposition capabilities; and workout and restructuring services. The firm's headquarters are based in New York City, with primary offices in Chicago, Miami, Denver, San Francisco, Puerto Rico and other strategic locations nationwide.

For more information please visit www.sheldongood.com