The National Golf & Resort Properties Group specializes in marketing golf courses for sale - nationwide. Our golf course experts have a combined 43 years of golf and brokerage experience. This, coupled with the most powerful golf course and resort property marketing platform in the nation, provides benefits for both resort and golf course sellers, as well as buyers and investors looking for resort properties or a golf course for sale.
GOLF
COURSE FOR SALE|BRANDYWINE COUNTRY CLUB|MAUMEE, OH
Priced at $2,950,000, the National Golf & Resort Properties
Group of Marcus & Millichap is pleased to exclusively offer the opportunity
to acquire Brandywine Country Club in Maumee, OH, located approximately 9 miles
from downtown Toledo. This private, non-equity golf & country club features
27 holes of golf designed by Arthur Hills which can accommodate players of any
skill level. The 18-hole championship "East Course" measures over
6,600 yards from the back tees for a par of 71 and a rating / slope of 72.9 /
136. Alternatively, the 9-hole executive "West Course" measures 2,358
yards for a par of 33. Other club amenities include swimming & tennis
facilities, fitness center, a well-appointed 25,000 sq. ft. clubhouse facility
with a fully-stocked Pro Shop, men's & women's locker rooms, full-service
restaurant & bar and banquet catering services capable of accommodating
over 450 guests. Included in the sale are 75 E-Z-GO electric golf carts and a
full fleet of maintenance equipment owned outright by current ownership.
KIMBALL, MI, October 15, 2012–
The National Golf & Resort Properties Group of Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has been retained to exclusively market for sale the Fore Lakes
Golf Course & Banquet Hall located
in Kimball, MI in St. Clair County, just eight miles from the Canadian Border
and approximately one hour north of Downtown Detroit. Terence Vanek, Associate and lead agent on the deal, and Steven Ekovich, Director, are the listing brokers for this championship golf &
banquet facility.
Priced at $2,595,000, the Torello
family developed the 230 acre site in 1998 to rave reviews and what has
arguably become the premier golf course in all of St. Clair County. This
prompted the 2005 addition of an exquisite 26,000-square foot Clubhouse &
Banquet Hall, whose breathtaking, panoramic views of the property have made
Fore Lakes one of the most sought after wedding venues in all of southeastern
Michigan. It is perennially recognized by wedding experts The Knot &
Wedding Wire as one of the most popular wedding sites in the Detroit Area. The
course itself is one of Port Huron’s finest, and has been a feature edition of
CBS's acclaimed "Golf Michigan" weekly television segment.
Fore Lakes is strategically located
with approximately 3,980 feet of shared border with Interstate 69, next to its
intersection with Interstate 94, and only minutes from the Blue Water Bridge -
one of the busiest international border crossings connecting Port Huron,
Michigan and Pointe Edward, Ontario.
Prospective buyers should know
the $2,595,000 purchase price is comprised of two components: a championship
golf course and banquet property, priced at $2,050,000, and a luxury
single-family residence priced at $545,000. This combination of course and
residence is unique to most any other golf courses for sale in today's market. The
three-story, lakefront dream home is complete with its own practice putting
green and stunning vistas of the course and clubhouse from wraparound patios
that overlook the club's signature first hole. Mr. Vanek said that “because of
the property’s location, reputation, innate beauty and on-site luxury residence,
Fore Lakes presents a significant opportunity for an investor to add value
immediately and reposition the club as the premier golf resort in the area.
Transforming the 9,300-square foot residence into a first-class Stay & Play
component introduces Fore Lakes to an entirely new market of Canadian golfers
looking for an alternative to Canada’s own financially restrictive greens fees”.
To view all of the golf courses for sale by Terence Vanek and the rest of the golf course brokers at Marcus & Millichap's National Golf & Resort Properties Group, please visit us at: www.nationalgolfgroup.com.
# # #
With
more than 1,000 investment professionals in offices nationwide, Marcus &
Millichap Real Estate Investment Services is the largest firm specializing in
commercial real estate investment services in the nation. Marcus &
Millichap closed 5,085 transactions in 2011, the highest of any commercial real
estate brokerage firm. Founded in 1971, the firm has perfected a powerful
system for marketing properties that combines product specialization, local
market expertise, the industry’s most comprehensive research, state-of-the-art
technology and relationships with the largest pool of qualified investors
nationally.
Tuesday, August 14, 2012
Marcus
& Millichap Brokers the sale of
MAGNOLIA
POINT GOLF & cOUNTRY CLUB
GREEN COVE SPRINGS, FL, August 14, 2012–
The National Golf & Resort Properties Group of Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Magnolia Point Golf and Country Club, a
27-hole golf course located in Green Cove Springs, FL, according to Steven
Ekovich, Director of the National Golf & Resort Group of the firm’s Tampa
office.
Matthew
Putnam a golf course broker with the NG&RPG, was the lead agent on the asset sale. Chris Karamitsos, co-founder of
the National Golf & Resort Properties Group, was also a part of the deal team representing the seller, Floribec International,
INC.Matt
Putnam also facilitated the buyer, Magnolia Point Investment, LLC in the
acquisition of the property. Mr. Putnam said that “the buying group has a tremendous vision
for this property going forward which was, in large part, the reason the seller
selected them from among several other qualified offers. Since the sellers were
the original developers of the course and community, it was important for them
to find a group that could continue and build upon the legacy that they have
created at Magnolia Point.” The purchase of Magnolia Point marks the first
acquisition of this kind for Magnolia Point Investment, whose principals have extensive
experience in tennis and spa operations. This transaction marked the 7th golf course sold for the National Golf and Resort Properties Group in 2012
Sprawling through a 1,000 acre community, Magnolia Point is a semi-private
country club that features 27 holes of golf designed by Mark McCumber and also
boasts 7 clay tennis courts, a junior Olympic swimming pool and full service
bar, restaurant and banquet facilities. With no parallel fairways, various
elevation changes and as many as 13 signature holes, the golf course is widely
regarded as one of the best layouts in North Florida.
The NG&RPG recently sold
Bent Tree Golf Club and Royal American Links in the Columbus, OH MSA. The
courses were exclusively listed for Eagle Golf Management, a Dallas-based
company. Chris Karamitsos
was the lead agent on the transaction which sold for $3,000,000. The
transaction also increased the number of courses sold by the NP&RPG to an average
of more than one course per month over a period of two years. The Group
continues to list qualitygolfcourses for sale throughout the US. To view our latest listings or to speak with Chris Karamitsos, visit www.nationalgolfgroup.com or call 813-387-4738.
The Summer 2012 Edition of Golf Inc. Magazine was recently released and features an article written by Steve Ekovich, golf course broker for Marcus & Millichap's National Golf & Resort Properties Group. In this article Steve looks to answer the question, "With Commercial Real Estate Confidences Up, Is Golf Close Behind?" In the article Steve explores the current state of the golf course investment market versus that of core commercial real estate assets, such as multi-family housing. He notes that non-core real estate assets, of which golf is one, tend to "lag behind core commercial assets," indicating that an increase in golf course values may be imminent. He defends this assertion with a list of investment factors which he believes will help increase the value of golf assets in the near future. Several reasons include the closing of under-performing courses, historically low interest rates, and the opportunity to acquire properties below replacement cost. A graph based on data collected by the National Golf & Resort Properties Group was included in a recent publication of Bloomberg News. The data in this chart, displayed below, demonstrates that golf course values have bottomed out, implying that recovery is around the corner.
Golf courses for sale are a unique asset class that must fight with traditional, core real estate properties for investment dollars. With CAP Rates for Apartments and other core real estate shrinking, investors have already begun to migrate towards golf courses and other non-core assets in a search for higher yields. Smart investors with enough capital can take advantage of the current state of the golf industry, much like investors who bought apartments between 2008 - 2010, after the market had crashed and prices bottomed out. Today those investors are selling their properties for huge profits, and the market data suggests that the same trend will hold true for investors purchasing golf courses in today's market. To view all the golf courses for sale by Steve Ekovich and the rest of the Golf Course Brokers at Marcus & Millichap's National Golf & Resort Properties Group, go to:
Listed at $9,950,000, the National Golf & Resort PropertiesGroup is exclusively offering the court-ordered bankruptcy sale of Sea
Trail Golf Resort & Convention Center. Located in Sunset Beach, NC in
Brunswick County, just two miles from the Atlantic Ocean and only 15 minutes
from the tourist mecca Myrtle Beach, Sea Trail is a 2,000 acre master planned
resort community and is home to over 700 single-family homes and 600
multi-family residences. Included in this offering is the 54-Hole Championship
Course, designed by Rees Jones, Willard Byrd and Dan Maples. In addition to the
course and 36,000 sq. ft. Convention Center, this offering also includes two
full-service clubhouses with both fine and casual dining, tennis, fitness,
swimming, over 48,000 sq. ft. of total meeting & banquet space, 46
developed residential lots with Assessed Value over $5,000,000 and 190 acres
MOL of developable land tracts suited for single or multi-family residential
expansion, although hospitality is also an alternative.
