3151 Presidential Golf Dr - Sports and Entertainment FOR SALE


Upper Marlboro, MD 20774- Greater Upper Marlboro
$10,500,000 USD
301-529-8454
3151 Presidential Golf Dr, Upper Marlboro, MD for Sale
$10,500,000 USD
Sports and Entertainment - FOR SALE
1/5
null | 14.04% Cap Rate

3151 Presidential Golf Dr
Upper Marlboro, MD 20774
Greater Upper Marlboro


HIGHLIGHTS

  • 2024 EBITDA: $1,473,838
  • 7.12x EBITDA Multiple | 14.04% Cap Rate | 23.72% IRR
  • Turnkey operation currently managed by Fore Golf Partners
  • 2024: Rounds - 36,683 | Operating Margin – 38.8%
  • Considered as one of the premier daily fee courses in the Washington D.C. market

OVERVIEW

We are pleased to exclusively offer the opportunity to acquire the fee simple interest in Lake Presidential Golf Club (also referred to as “the Club” herein). The Club is located in the Washington, DC, suburb of Upper Marlboro, Maryland. Lake Presidential Golf Club serves as the recreation and social centerpiece of the BeechTree Residential Community. Lake Presidential Golf Course opened in 2008, offering an 18-hole championship-caliber course routed by Greg Norman and designed by Landmark Golf. In addition to the 18-hole championship golf course, the club provides a variety of amenities that include a double-sided driving range, a Golf Academy, an 11,000 SF clubhouse with a full-service pro shop, locker rooms, and a banquet facility that can accommodate up to 180 guests. The Perch at Lake Presidential offers grab-and-go snacks from a beautiful setting overlooking the 30-acre Lake Presidential, featuring spectacular sunsets. This classic parkland layout is routed over rolling terrain through a mature forest, taking advantage of the elevation changes indigenous to the property. The course features bent grass from tee to green, native grasses, pristine lakes, and streams in a beautiful, natural setting. Lake Presidential GC has been recognized by numerous regional and national publications as one of the premier daily fee courses in the Washington, DC, Metropolitan area.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$955 USD /SF

CAP RATE

14.04%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Presidential Golf Club

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

240 AC

LAND SF

10,454,400 SF

ZONING

LCD

APN/PARCEL ID

03-3322922

ASK ABOUT THIS PROPERTY

Robert WaldronLeisure Investment Properties GroupMore Info
301-529-8454

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Robert WaldronLeisure Investment Properties GroupMore Info
301-529-8454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.