Wednesday, September 18, 2019

The Leisure Investment Properties Group of Marcus & Millichap Arranges the Sale of Black Bear Golf Club in Eustis, FL


Steven Ekovich
TAMPA, FL-- The Leisure Investment Properties Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Black Bear Golf Club, located in Eustis, Florida (North of Orlando) to Black Bear Holdings, LLC. According to Steven Ekovich, National Managing Director.

 Rob Waldron, Senior Investment Advisor served as the lead agent for the transaction.

Black Bear Holdings, LLC was formed for the purpose of the acquisition which took place on September 10, 2019. The Buyer group was led by a long time Class-A PGA Professional with extensive experience in golf course operations.

Black Bear Club, LLC,  was the Seller. The Selling entity was headed by an international businessman and entrepreneur with close ties to the Eustis area.

Rob Waldron
Black Bear Golf Club features an 18-hole championship golf course designed by P.B. Dye. The highlands style course is routed through rolling hills indigenous to the site.

The layout offers wide fairways and well-protected undulating greens. The par 72 layout plays to 7,018 yards from the Championship Tees with a course rating of 74.1 and a slope of 139. 

 Multiple sets of tees make the course playable for golfers of all ability levels. The Club has averaged 36,500 rounds annually during the past three years.

The well-appointed 5,000 SF clubhouse offers a fully stocked golf shop, meeting room, offices and the Bear’s Den Restaurant featuring a grill room, bar and covered outdoor terrace.

The practice facility is one of the best in Central Florida featuring a double-sided driving range, 16,000 SF practice putting green and a 19th hole which is used as a practice hole and to settle wagers.

CONTACT:

Rob Waldron
Investment Advisor - Golf Division
Leisure Investment Properties Group
Of Marcus & Millichap
(813) 387-4784


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