ES - DriveShack Portfolio ES.pdf · 6whyhq 0 (nrylfk 6hqlru 9lfh 3uhvlghqw 1dwlrqdo 0dqdjlqj...
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EXECUTIVE SUMMARY Southeast Golf Course Portfolio Georgia / Tennessee _________________________________________________________________ Portfolio Price: $22,050,000 (May Be Sold Separately)
Transcript of ES - DriveShack Portfolio ES.pdf · 6whyhq 0 (nrylfk 6hqlru 9lfh 3uhvlghqw 1dwlrqdo 0dqdjlqj...
EXECUTIVE SUMMARY
Southeast Golf Course PortfolioGeorgia / Tennessee
_________________________________________________________________
Portfolio Price: $22,050,000(May Be Sold Separately)
EXECUTIVE SUMMARY
Leisure Investment Properties Group
FINANCIAL SUMMARY
PORTFOLIO PRICE EBITDAx
$22,050,000 8.58x
OVERVIEW
Property Name 1. The Golf Club at Bradshaw Farms2. The Crossing Golf Course3. Gettysvue Polo, Golf & Country Club4. Trophy Club of Apalachee5. Trophy Club of Atlanta
Location Atlanta MSA / Knoxville / Nashville MSA
# Holes 99 Holes – (1) 27-Hole Club, (4) 18-Hole Club’s
Acreage 962 Total Acres +/-
GROSS REVENUE
$11,736,393
Leisure Investment Properties Group
PROPERTY OVERVIEWPortfolio Map
The Crossing Golf Course
The Golf Club at Bradshaw Farms
Trophy Club of Atlanta
Trophy Club of Apalachee
Gettysvue Polo, Golf & Country Club
Leisure Investment Properties Group
Overview
Listing Price
Rounds / Members + TPC Members 212,270 / 5,341
Number of Holes 99
Avg Rev Per Round $55.29
Current Gross Revenue $11,736,393
Current GRM 1.88
Current NOI / EBITDA $2,569,169
Current Cap Rate / EBITDAx 11.65%/8.58x
Current Cash-on-Cash 15.89%
Pro Forma Gross Revenue $12,978,330
Pro Forma GRM 1.70
Pro Forma NOI / EBITDA $3,331,770
Pro Forma Cap Rate / EBITDAx 15.11%/6.62x
Pro Forma Cash-on-Cash 25.45%
$22,050,000
EXECUTIVE SUMMARY
The Leisure Investment Properties Group of Marcus & Millichap is pleased to exclusively offer theopportunity to acquire five golf courses as a portfolio or individually. The 99 holes of championship golfspan across five separate locations consisting of: Gettysvue is the only fully private club in the portfolio,The Golf Club at Bradshaw Farms, Trophy Club of Apalachee, and Trophy Club of Atlanta are semi-private and The Crossing Golf Course is daily fee. Each club boasts a challenging, yet fun golf course, awell-appointed clubhouse and a full range of amenities for members and customers to enjoy. These golfcourses have been awarded numerous accolades for quality and playability, some of which include “Top10 New Public Courses in Georgia” by the Atlanta Journal Constitution, “Top 100 Places to Play” by GolfDigest, and “Top 5 Courses in Georgia” by Golflink.com. Gettysvue, in particular, has earned a reputationas one of Knox County’s premier, private country club’s due to their outstanding amenities andimmaculately kept golf course.
The Golf Club at Bradshaw Farms, Trophy Club of Apalachee, and Trophy Club of Atlanta are locatedwithin approximately 40 miles of each other in the Northern Atlanta MSA. Each Club is convenientlylocated near an interstate which makes them easily accessible to the public and less than an hour drivefrom Downtown Atlanta. Gettysvue Polo, Golf & Country Club is located within a luxury golf communityin Knoxville where homes typically start around $500K and approach $2 million. Residents of thiscommunity are less than 30 minutes from the University of Tennessee and Downtown Knoxville. TheCrossing is located just south of Nashville in the charming, southern town of Franklin. Franklin’soutstanding historic character and quality of life has garnered numerous awards over the years includingthe #4 overall ranking in “Best Places to Live 2017” by Money Magazine.
INVESTMENT HIGHLIGHTS
• 99 Holes of Championship Golf
• Five, Well-Positioned, Turn-Key Golf CourseAssets
• One Private Club Featuring a 26,000 SFClubhouse and Outstanding Amenities
• Three Semi-Private Clubs Generating WellAbove Average Total Rounds Played
• One Daily Fee Club With Very LittleCompetition in an Ideal Market
• Day One CAP Rate of 11.65% and EBITDAx of8.58x
Steven M. EkovichSenior Vice PresidentNational Managing DirectorLeisure Investment Properties Group4030 W. Boy Scout Blvd, Ste 850Tampa, FL 33607Tel: [email protected]. FL BK3006962
EXECUTIVE SUMMARY
Leisure Investment Properties Group
Christopher R. Karamitsos, PGASenior Investment AdvisorLeisure Investment Properties Group4030 W. Boy Scout Blvd, Ste. 850Tampa, FL 33607Tel: (813) [email protected]. FL SL 3103884
Kody S. TibbettsFinancial AnalystLeisure Investment Properties Group4030 W. Boy Scout Blvd, Ste. 850Tampa, FL 33607Tel: (813) [email protected]
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