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5073 M-123 - Newberry Country Club

8,000 SF Sports & Entertainment Building Offered at £1,253,280 at a 11.50% Net Initial Yield in Newberry, MI 49868

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Investment Highlights

Premier 18-hole golf course on 140 acres of land in the stunning natural beauty of the Upper Peninsula of Michigan
Numerous improvements have been made over the past 10 years with many growth and development opportunities in place for the next owner

Included in the sale: 18-hole golf course, maintenance buildings and equipment, cart garages, and newly constructed clubhouse
Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home that can be used as an owner's residence

Executive Summary

SVN | Northco is pleased to present Newberry Country Club ("Property"), an Upper Peninsula golf course located in beautiful Newberry, Michigan. The incredible 18-hole public golf course is situated on 140 pristine acres and features numerous improvements over the past 10 years including a new clubhouse with a restaurant, redesigned bunkers, lengthened holes, and new tee boxes. The property is noted as one of the premier courses in the area with scenery unlike any other and consists of a breathtaking 18-hole course, clubhouse, restaurant, sports bar, and pro shop. Newberry Country Club is filled with unique variety suitable for all levels of golfers. Newberry is located just 45 minutes north of the Mackinac Bridge that connects the lower and upper peninsulas of Michigan. Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home.

Marketing Brochure/Flyer

Property Facts

Price	£1,253,280	Lot Size	140.00 AC
Price Per SF	£157	Building Size	8,000 SF
Sale Type	Investment	Number of Floors	2
Net Initial Yield	11.50%	Year Built	1998
Property Type	Sports & Entertainment	Parking Ratio	9.38/1,000 SF
Property Subtype	Golf Course/Driving Range	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	£1,253,280
Price Per SF	£157
Sale Type	Investment
Net Initial Yield	11.50%
Property Type	Sports & Entertainment
Property Subtype	Golf Course/Driving Range
Building Class	B
Lot Size	140.00 AC
Building Size	8,000 SF
Number of Floors	2
Year Built	1998
Parking Ratio	9.38/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.