Naples Florida Marina Auction Delayed Because of Strong Global Response

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After receiving a number of last minute inquiries from interested bidders, auction firm Sheldon Good and Company elected to extend the April 14th auction of 140-condominium boat slips to be sold in bulk at the Port of the Islands marina in Naples, Florida.  The extension will provide a number of new interested bidders with the requested time needed to conduct their necessary due diligence on the property.

To date, the auction program has received both national and international interest from prospects as far as Australia.  The auction represents an increasing national real estate trend wherein proactive sellers turn to the auction marketing method as a creative and viable disposition strategy.

John Cuticelli Jr., President and CEO of Sheldon Good and Company, said: "Due to the nature of this offering, the comprehensive due diligence information provided, and the date certain nature of the auction, prospects simply required more time in which to make their offers.  We wanted to give that to them."  Cuticelli continued, "A good bidder is an informed bidder."

The Port of the Islands Marina is a boater's paradise with direct access to the Gulf of Mexico, as well as the Ten Thousand Islands, the famed backwaters of the Everglades.  The naturally protected marina offers world-class fishing and boating, combined with luxury amenities and set among one of the most pristine ecosystems found anywhere in the country. The state-of-the-art marina features Bellingham concrete floating boat slips, new lighted pedestals with 15, 30, 50 Amp electrical service and water service.  Fifty-two of the available slips are highly desirable due to their liveaboard certification.

"Already this year, slip sales are beginning to pick up.   With sale prices for slips in the Naples and Marco Island area ranging from $42,500 to $110,000, $14,000 per slip makes Port of the Islands an incredible investment opportunity," Cuticelli added.

Christopher Shucart, a managing member of The Islands Marina, LLC said, "The strategic and aggressive marketing plan implemented by Sheldon Good & Company has gotten the attention of the market.   By providing prospects with additional time, we look forward to consummating a sale within the next few weeks."

In addition, a 2-acre commercially zoned site (C-4) with approximately 388 feet of frontage along Highway US 41 is also available.

For those interested in bidding; new sealed bid auction deadline will take place on Friday, May 6th.  Bids must be received at the Chicago Offices of Sheldon Good & Company, 333 West Wacker Drive, Suite 400, Chicago, IL 60606 by Friday, May 6th at 5:00 pm to be considered. Any bid received after the deadline will be returned to the sender unopened.

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