SOLD: Bos Landen Golf Club
Pella, Iowa (Des Moines MSA)


Price: $1,395,000

Down Payment:
Year Built: 1994
Total Acreage: 211

Property Overview

Holes: 18
Yardage: 6,937
Type: Daily Fee
Par: 72
Rating: 74.7
Slope: 136
Property Vital Data

18-Hole Championship Dick Phelps Design
Offered at less than 10% of the Original
Rumored $15M+ in Development Expense
Priced at 1.29x Multiple of 2012 Gross $1,083,220
*** Register or Login to View Documents ***

New Users Must Register before Viewing Documents.

Investment Highlights

One of Only Ten 4-1/2 Star Rated Golf
Digest Properties in the whole State of Iowa
Iowa’s #1 Rated Public Course 1997 - 2001
The ONLY 18-Hole Golf Option in the Surrounding 15-Mile Area
Development Opportunity If Interested: 50 Acres MOL (NOT INCLUDED IN SALE)
$1/Year 99-Year Land-Lease with City of Pella (Ends 2108)
Effective 'Ownership Bonus' of $90,000
Annual Subsidy from City to Cover Maintenace Expense

 
 
 

 

 
 
Please visit our Listings Page to get an overview of our portfolio of Leisure Investment Properties for Sale in the United States. In addition to the properties for sale on our site, we have additional resources to find investment properties for sale anywhere in the United States.
 
     
 
 
     
   
   
 
 
   
   
 
 
 

 

 

 
 
Copyright © 2009 National Golf and Resorts Properties Group
 


 

 

 



Current Customers Login Here

Email Address:

Password:

Enter Email Address and select Submit.  Your password will be emailed to you.

New Users Must Register before Viewing Documents.

 

 

 

 

 

 

EXCLUSIVELY LISTED BY:

Terence Vanek
Investment Advisor
Marcus & Millichap
813-387-4809
tvanek@marcusmillichap.com

Steve Ekovich
Vice President & Managing Director, National Golf & Resort Properties Group
Marcus & Millichap
813-387-4791


Barry A'Hearn
Broker of Record - Iowa
Marcus & Millichap Real Estate Investment Services