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RE: Golf Course with Attractive yield of 10.8 % on over 135 Acres of Land
Highlights for Income Producing 18-Hole Golf Course with over 135 Acres of Land and improvements. It is operating year-round and has gone through several improvements.
This 18-Hole year-round Golf Course has attractive landscaping and offers numerous amenities:
It offers a combination of Water, Hills, Wooded Areas and “Happy Grass”.
Has a Bar & Grill open all year;
Has On-Site Pro-Shop; Retailer shop with exclusive brands.
It is Hosting Golf Tournaments; Growing league memberships.
It has optimal facilities maintenance with new equipment.
Has newly resurfaced/maintained Large Parking area.
Utilities: Water, Gas , Electric.
The Owner has been upgrading the entire facility including Greens.
Financial Performance: In 2020 the Gross Revenue was about a record $919,000 aided by Covid-19 “stay-home” requirements, closed gyms, a milder winter than 2019, etc. The Seller is working on bringing more golf leagues to sign up (helped partially by the closing of another golf course.)
Operating Staff: Seller is very happy with the employees and requires Buyers’ discretion.
Asking Price: $2.5 million with an estimated CAP Rate of about 11% (based on 2020 financials; expected to be similar or better with 2021 data).
For more information please contact: Elias E. Ladon,
Real Estate Agent, Pro-Classic Real Estate Inc.
Agent’s Address: 3659 Green Road, Suite 100, Cleveland, OH 44122;
Broker’s Address: 14381 Alexander Road, Walton Hills, OH 44146
PLEASE NOTE: Seller will be pleased to entertain visits by interested parties after they sign a Non-Disclosure Agreement and Buyer Profile demonstrating their ability to finance the transaction. Detailed financial information will be prested to interested parties after a mutually accepted Letter of Intent is in place.
CO-BROKERING FEE ALLOWANCE: Selling Broker is Offering 1% (one percent) of the Transaction Consideration to the Buy-Side Broker.
Real Property Included
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