Drone Flight Video Matt Call Principal 720.420.7529 Direct 303.956.5781 Cell matt.call@navpointre.com John Witt Partner 720.420.7527 Direct 303.748.8390 Cell john.witt@navpointre.com NavPoint Real Estate Group 3740 Dacoro Lane, Suite 200 Castle Rock, CO 80109 navpointre.com CALL FOR OFFERS October 17, 2018 5:00 PM MST
ONCE IN A LIFETIME OPPORTUNITY TO PURCHASE AN ESTABLISHED GOLF COURSE IN THE DENVER METROPOLITAN AREA
SPRING VALLEY GOLF COURSE Asking Price $4,100,000 Time Line Call for Offers is set for October 17, 2018 at 5:00 PM, MST. Finalists will be selected based on a combination of purchase price, funding capability, level of underwriting, and other relevant factors determined by the Seller. Broker Contacts To schedule a property tour or for additional information, please contact: Matt Call Principal 720.420.7529 Direct 303.956.5781 Cell matt.call@navpointre.com John Witt Partner 720.420.7527 Direct 303.748.8390 Cell john.witt@navpointre.com NavPoint Real Estate Group 3740 Dacoro Lane, Suite 200 Castle Rock, CO 80109 720.420.7530
SPRING VALLEY GOLF COURSE NavPoint Real Estate Group, as exclusive advisor, is pleased to offer the opportunity to purchase Spring Valley Golf Club, a privately owned, public golf facility located in Elizabeth, Colorado. Spring Valley Golf Club was built on the site of a 1,500-acre working cattle ranch. Construction on the course was completed in 1998 and the golf course and clubhouse underwent a multi-million dollar renovation in 2005. Additionally, in 2016, Spring Valley Golf Club completed renovation on the greenside bunkers to help bring some links character and charm of the plains to the golf course. The course is a regulation, 18-hole, par 72 championship venue which plays between 5200 yards from the forward tees and 7200 yards from the championship tees, thus offering a challenge to golfers of all skill levels.
SPRING VALLEY GOLF COURSE Offered Significantly below replacement cost The American Society of Golf Course Architects estimates just over $3 million in costs to develop a golf course. This scenario does not include the purchase price of the land or the carry cost during construction. Spring Valley Golf Club is listed significantly below replacement cost, with a clubhouse, 18-hole course and maintenance facility already in place. Excess land available for expansion In addition to the course, several adjacent land parcels are included in the purchase of Spring Valley Golf Club. This affords the new owner an opportunity to expand upon the current course and amenities offered. Desirable Water and Mineral Rights Spring Valley Golf Club is situated on a former 1,500-acre working cattle ranch. This unique former ownership provides historical water and mineral rights that have priority over other developments in the area. All mineral and water rights are transferable at the time of purchase. Current golf rates are significantly below competitive set The current golf rates at Spring Valley Golf Club are significantly below the competitive set, this provides the new owner immediate upside potential. Additionally, there is an opportunity to increase revenue by expanding services at the restaurant, pro-shop and event space. Unmatched Location Colorado is growing expeditiously, Spring Valley Golf Club is an opportunity to purchase a rural course with immediate access to the Metro Denver and Colorado Springs Region. Elbert County is a desirable location for families seeking the convenience of the city with the rural family feel. The immediate area surrounding the course is experiencing significant growth and development with new large parcel homes under construction.
SPRING VALLEY GOLF COURSE Spring Valley Golf Club was built on the site of 1,500-acre working cattle ranch. Construction began on the course in 1995 with the completion of all 18 holes in 1998. The golf course and clubhouse underwent a multi-million dollar renovation from 2003-2005. In 2016, Spring Valley Golf Club completed renovation of their greenside bunkers to help bring some links character and charm to the plains. Spring Valley is known for their quick, undulating greens that are mowed, rolled, and then mowed again daily. The course is home to many species of wildlife with red tail hawks, raccoons, rabbits, herds of mule deer, migrating geese, prong horn and even coyote.
SPRING VALLEY GOLF COURSE Spring Valley is a public course which, weather depending, is open for play year-round. the course is a regulation, 18-hole, par 72 championship venue which plays between 5,200 yards from the forward tees and 72,00 yards from the championship tees, thus offering a challenge to golfers of all skill levels. In addition, Spring Valley offers a full practice area complete with driving range, chipping green, and putting green. Spring Valley Golf Club prides itself on exceptional customer service and an immaculately maintained golf course. Over the years, Spring Valley has hosted several USGA qualifiers, High School Championships, CJGA Championships, and CGA & CWGA tournaments.
Drone Flight Video Matt Call Principal 720.420.7529 Direct 303.956.5781 Cell matt.call@navpointre.com John Witt Partner 720.420.7527 Direct 303.748.8390 Cell john.witt@navpointre.com NavPoint Real Estate Group 3740 Dacoro Lane, Suite 200 Castle Rock, CO 80109 navpointre.com