EDGE HILL GOLF COURSE - LoopNet...Smith College PROPERTY NAME DBA CBCworldwide.com Coldwell Banker Commercial Benchmark 4348 Southpoint Blvd # 310 Jacksonville, FL 32216 BENCHMARK

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EDGE HILL GOLF COURSE

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Kathy Bissell, VP Golf Course Sales904-285-5465904-233-7553 [email protected]

Coldwell Banker Commercial Benchmark4348 Southpoint Blvd # 310Jacksonville, FL 32216

298 Barnes RdAshfield, MA 01330

Phil Pless, CRB, CRSColdwell Banker Upton-Massamont Realtors413-834-5179 cell413-625-6366 [email protected]

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DBA

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TABLE OF CONTENTS

Executive Summary 3

Facility Photos 4

Maps & Aerials 6

Scorecard 9

Demographics 10

Golf Market Overview 12

Golf as Investment 15

Contact Information 17

Confidentiality Agreement 19


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EXECUTIVE SUMMARY

PROPERTY DESCRIPTION:

PRICE

Sale Price:

Acres:

$995,000

153 ±

4


18-holes of golfDaily Fee4 sets of teesDesigned by Mark GravesHistoric timber-frame barn clubhouseIndoor and outdoor seatingClubhouse 3300 SFBanquet area 2700 SFGolf Shop 900 SFBar and Restaurant 1350 SF30 additional acres

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NEAR MAJOR COLLEGES ANDUNIVERSITIES. Easy drive to Universityof Massachusetts, Amherst College, Mt.Holyoke College, Smith College,Hampshire College, Dartmouth andUniversity of Connecticut.

Just 112 miles from Boston, 75 miles fromHartford, 70 miles from Albany, 100 milesfrom Hanover, NH, 85 miles fromWorcester, 125 miles from Providence.

LOCATION HIGHLIGHTS

Edge Hill Golf Course298 Barnes RdAshfield, MA 01330

PROPERTY HIGHLIGHTS

Owner is a specialist in turfgrass and hasextensive experience as a coursesuperintendent. He was charged withrestoration of the prestigious SagamoreGolf Club, Lake George, NY, a notedDonald Ross design, before beginningconstruction on Edge Hill Golf Course.

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CBCworldwide.com Coldwell Banker Commercial Benchmark4348 Southpoint Blvd # 310Jacksonville, FL 32216

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FACILITY PHOTOS

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FACILITY PHOTOS

Classic and historictimberframe barn hasbeen converted intobanquet area, golf shopand grill.

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MAPS AND AERIALS

NEAR MAJOR COLLEGES AND UNIVERSITIES: Edge Hill Golf Course is 27 milesfrom Amherst, 32 miles from Mt. Holyoke, 23 miles from Smith College, 25 milesfrom University of Massachusetts, 30 miles from Hampshire College, 85 milesfrom University of Connecticut, 103 miles from Dartmouth College.

The course is 112 miles from Boston, 75 miles from Hartford, 70 miles fromAlbany, 100 miles from Hanover, 85 miles from Worcester, 125 miles fromProvidence and 53 miles from Pittsford, MA.

Dartmouth College

Univ. of MassachusettsMt. Holyoke College

Univ. of Connecticut

Hampshire CollegeAmherst College

Smith College

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MAPS AND AERIALS

Edge Hill Golf Course is located in the Berkshire Mountains, 15 miles from I-91which runs from New Haven, CT, to Canada.

The course is 112 miles from Boston, 75 miles from Hartford, 70 miles fromAlbany, 100 miles from Hanover, 85 miles from Worcester, 125 miles fromProvidence and 53 miles from Pittsford, MA.

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MAPS AND AERIALS

LOCATION: Edge Hill Golf Course is located 15 miles from I-91, at the SouthDeerfield exit. It is approximately 15 miles from Deerfield, South Deerfield, andGreenfield, MA. It is 22 miles from Northhampton, MA, just under 45 miles fromSpringfield, MA and just over 50 miles to Pittsfield, MA. I-91 runs fromNewHaven, CT, north through Massachusetts and along the New Hampshire/Vermont border to Canada. It is in the Berkshire foothills.

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SCORECARD

Edge Hill Golf Course is a veryplayable 5700 yards from theback tees and 3626 from thefront tees.Blue: yards 5708, rating 68.6,slope 124White: yards 5293, rating 67.0,slope 116Gold: yards 4188, rating 63.0,slope 109Red: yards 3626, rating 62.3,slope 102

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U.S. CENSUS--FRANKLIN COUNTY, MASS

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U.S. CENSUS--FRANKLIN COUNTY, MASS

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GOLF MARKET – AVAILABILITY OF GOLF


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Source: National Golf Foundation

2015 population Total Public Private

Metropolitan Statistical Area Population Population Population Population

Holes per 18 holesRank

Holes per 18 holes Rank Holes per 18 holes Rank

HiltHead/ Bluffton/ Beaufort 202,766 1,107 3,297 1 612 5,877 2 486 7,510 2

Naples/Immokalee/Marco Isl 349,909 1,530 4,117 2 351 17,944 79 1,179 5,342 1

The Villages 115,011 495 4,182 3 234 8,847 6 261 7,932 3

Myrtle Beach/ Conway /N Myrtle 425,521 1,710 4,479 4 1,548 4,948 1 162 47,280 29

Banrstable MA 224,239 684 5,901 5 387 10,430 13 297 13,590 6

Monroe MI 149,760 414 6,511 6 396 6,807 3 18 149,760 295

Sebastian/Vero Beach 146,977 396 6,681 7 99 26,723 163 297 8,908 4

Sebring,FL 100,566 279 6,704 8 252 7,183 4 18 100,566 215

Port St. Lucie, FL 451,250 1,098 7,398 9 432 18,802 91 666 12,196 5

Cape Coral/ Fort Myers FL 666,029 1,593 7,526 10 738 16,245 57 855 14,022 7

Vineland/ Bridgeton NJ 156,574 18 156,574 379 18 156,674 377 NA NA NA

New York/ Newark/ Jersey City 20,182,129 8,019 45,302 356 3,717 97,734 372 4,302 84,444 168

LA/ Long Beach/ Anaheim 13,287,932 2,835 84,368 376 1,827 130,916 374 1,008 237,285 343

Chicago/ Naperville/ Elgin 9,574,595 5,913 29,146 283 4,068 42,365 275 1,845 93,411 198

Phoenix/Mesa/ Scottsdale 4,470,538 4,014 20,047 166 3,123 25,767 151 891 90,314 191

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GOLF MARKET OVERVIEW


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Source: NGF


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MARKET OVERVIEW


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According to the most recentreport published by the NationalGolf Foundation, their survey of30,000 Americans showed a slightdecline in the number of golfers,age 6+, from 24.1 in 2015 to 23.8million in 2016.

About 80 percent of all golfers,nearly 20 million of the total, makeup a committed base who accountfor more than 90 percent of allrounds played and equipmentpurchased. The number of avidand recreational golfers increasedin 2016 versus 2015, as reported bythe National Rounds PlayedCoalition (NGF, Golf Datatech, PGAof America and NGCOA).

Course openings remain at theirlowest level in decades. Closingsare still taking place.

Some increases on a course-by-course basis will be due toretirement by baby boomers ( 80+million, U.S. Census, 2010). In thelast census The Boomers’demographic age bracket grew ata rate of 31%. The populationaged 65 and over in the 2010Census also grew at a faster rate(15.1%) than the population underage 45.

More than half of the golfers areover the age of 35, and 36.5percent are over the age of 50.

The good news is that there are6.2 million golfers between 18 &34. They comprise the largestsegment of golfers.

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GOLF MARKET OVERVIEW


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US Markets with Most Golf Availability

Golf Availability Averages

Massachusetts

Naples-Marco Island, FL with a population of 334,747 and 1,530 holes of golf or 219 peopleper golf hole is first. Myrtle Beach-Conway-North Myrtle Beach, SC is second with a populationof 283,385 and 1,161 holes with 244 people per hole. However, Myrtle Beach relies mainly on tourism.Other areas are not large enough markets to be MSAs such as Palm Springs- La Quinta, CA.


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GOLF MARKET OVERVIEW: INVESTMENT VALUE


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CONTACT INFORMATION


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For more information, please contact:

Kathy Bissell, VP Golf Course SalesColdwell Banker Commercial Benchmark904-285-5465904-233-7553 ©[email protected]

Phil Pless, CRB, CRSColdwell Banker Upton-Massamont Realtors413-834-5179 cell413-625-6366 [email protected]

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CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potentialinvestor in determining whether it wishes to proceed with an in-depth investigation of the subjectproperty. While the information contained herein is from sources deemed reliable, it has not beenindependently verified by the Coldwell Banker Commercial affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptionsconsidered reasonable under the circumstances. No representations or warranties, expressed orimplied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and issubject to modification or withdrawal. The contents herein are confidential and are not to bereproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITHALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE.Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonableopportunity to inspect and investigate the Property and all improvements thereon, eitherindependently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, toreject all offers, and to accept any offer without regard to the relative price and terms of any otheroffer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii)incorporated in a formal written contract of purchase and sale to be prepared by the Seller andexecuted by both parties; and (iii) approved by Seller and such other parties who may have aninterest in the Property. Neither the prospective buyer nor Seller shall be bound until execution ofthe contract of purchase and sale, which contract shall supersede prior discussions and writingsand shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Propertyand all other expenses, professional or otherwise, incurred by them.


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The information herein contained has been obtained from sources believed reliable. While we do notdoubt its accuracy, Coldwell Banker Commercial makes no warranty or representation as to its accuracyand completeness. The information contained herein is therefore possibly subject to errors, omission andcommission. Any prospective purchaser should conduct a careful and independent investigation of theproperty to determine to its satisfaction the suitability of the property to its investment needs. For tax orlegal advice, one should consult a Certified Public Accountant or attorney.

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CONFIDENTIALITY AGREEMENTThis confidentiality Agreement will confirm our mutual understanding in connection with Coldwell Banker

Commercial Benchmark Golf Course Sales providing, and your receipt of information regarding, Edge HillGolf Course, Ashfield, MA, referred herein as (The “Company”).

1. “Information” means all oral or written data, reports, records or materials obtained from us or the Company,including the name, address and type of business of the Company, the knowledge that the Company may beconsidering a sale, or even the fact that information is being provided.

2. Information is being furnished solely in connection with your consideration of the acquisition of the Companyand shall be treated as “secret” and confidential, and no portion of it shall be disclosed to others, except toyour employees and agents whose knowledge of the information is required to evaluate the Company as apotential acquisition and who shall assume the same obligations as you under this Agreement. Theundersigned hereby assumes full responsibility for the compliance of such employees or agents to the termsof this Agreement. The undersigned further agrees that it will not interfere with any business of theCompany through the use of any information or knowledge acquired under this Agreement.

3. It is understood that the Company is the intended party and beneficiary whose rights are being protected andmay enforce the terms of this Confidentiality Agreement as if it were a party to the Agreement.

4. All information shall be promptly returned or destroyed, as directed by Coldwell Banker CommercialBenchmark.

5. It is understood that (a) no representation or warranties are being made as to the completeness or accuracyof any information and (b) any and all representation and warranties shall be made solely by the Company ina signed acquisition agreement or purchase contract and then be subject to the provisions thereof.

6. The undersigned acknowledges the responsibility to perform a due diligence review at his own cost andexpense prior to any acquisition.

7. The undersigned agrees not to circumvent Coldwell Banker Commercial Benchmark in transactions involvingthe company for a period of two years from the date of signature on this document.

8. The total purchase price shall include any new or purchase money mortgages, assumed mortgages, leases,joint ventures and “taken subject to” mortgages. Said commission shall be due and payable at closing andtransfer of title.

9. The laws of the State of Florida shall govern this agreement.

Signature____________________________ Date_________________________

Name ______________________________ Title__________________________

Company:___________________________ Email:_________________________

Address____________________________ Phone:________________________

City, Sate, Zip_____________________________________________________________

Sign scan and email:[email protected] to 904-281-0998Attn: Kathy Bissell

CONFIDENTIALITY

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EDGE HILL GOLF COURSE - LoopNet...Smith College PROPERTY NAME DBA CBCworldwide.com Coldwell Banker Commercial Benchmark 4348 Southpoint Blvd # 310 Jacksonville, FL 32216 BENCHMARK