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100 N Clubhouse Dr - Coldwater Golf Club 10,915 SF Sports & Entertainment Building Offered at $7,686,791 CAD at a 7.38% Cap Rate in Avondale, AZ 85323
Investment Highlights
- Extremely inexpensive water. Coldwater Golf Club has Type I Water Rights for 447.82 acre-feet annually
- $105 green fees Jan-April
- EBITDA was up to $1M+ in last five years. Owner was not on site to oversee property
Executive Summary
Coldwater Golf Club in Avondale just west of Phoenix is an 18-hole championship design by Forrest Richardson that presents a unique topography featuring elevated tees, deep swales and cascading fairways. The setting is framed by mountain views, native grasses, meandering washes and two placid lakes, as the course wanders about the nearby residential community alongside the Aqua Fria river.
Each hole is unique and presents golfers with several strategic options. The fairways are wide with perimeter mounding and slopes that often creating a generous landing area. Golfers will encounter landscaped desert areas, and frequent (though not overly long) carries off the tee. The green complexes are protected by sand bunkers and mounding, with large undulating putting surfaces - some double or triple tiered.
There are 4 sets of tee boxes on each hole, with total distances and slopes playing to 6758 yards/120 slope, 6305 yards/113 slope, 5798 yards/118 slope and 5147 yards with a slope of 111 from the forward tees. As the slopes indicate, this is a user-friendly layout - but with sloping playing surfaces, strategic bunkering (25 in total) plus surrounding desert areas, this course is an interesting experience for all levels of players. Water Hazards also come into play on two holes - including the beautiful par 3 eighth – most players’ favorite hole on the course.
The course features 150-yard stakes situated in the center of the fairways and 100, 150 and 200-yard markers are also posted on all par fours and fives. Sprinkler heads are measured to the center of the green and the scorecards provide diagrams of each hole, and yardage guide booklets are available for a fee.
On property is a full-service clubhouse with pro shop plus restaurant/lounge (with outdoor patio) that is open for both breakfast and lunch. There are outing capacities for 144 and banquet/wedding facilities for groups of up to 200 guests.
Each hole is unique and presents golfers with several strategic options. The fairways are wide with perimeter mounding and slopes that often creating a generous landing area. Golfers will encounter landscaped desert areas, and frequent (though not overly long) carries off the tee. The green complexes are protected by sand bunkers and mounding, with large undulating putting surfaces - some double or triple tiered.
There are 4 sets of tee boxes on each hole, with total distances and slopes playing to 6758 yards/120 slope, 6305 yards/113 slope, 5798 yards/118 slope and 5147 yards with a slope of 111 from the forward tees. As the slopes indicate, this is a user-friendly layout - but with sloping playing surfaces, strategic bunkering (25 in total) plus surrounding desert areas, this course is an interesting experience for all levels of players. Water Hazards also come into play on two holes - including the beautiful par 3 eighth – most players’ favorite hole on the course.
The course features 150-yard stakes situated in the center of the fairways and 100, 150 and 200-yard markers are also posted on all par fours and fives. Sprinkler heads are measured to the center of the green and the scorecards provide diagrams of each hole, and yardage guide booklets are available for a fee.
On property is a full-service clubhouse with pro shop plus restaurant/lounge (with outdoor patio) that is open for both breakfast and lunch. There are outing capacities for 144 and banquet/wedding facilities for groups of up to 200 guests.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$567,552
|
$52.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $567,552 |
| Annual Per SF | $52.00 |
Property Facts
| Price | $7,686,791 CAD | Building Class | B |
| Price Per SF | $1,004.28 CAD | Lot Size | 173.61 AC |
| Sale Type | Investment or Owner User | Building Size | 7,654 SF |
| Cap Rate | 7.38% | No. Stories | 1 |
| Property Type | Sports & Entertainment | Year Built | 2001 |
| Property Subtype | Golf Course/Driving Range | ||
| Zoning | PAD - Planned Area Development | ||
| Price | $7,686,791 CAD |
| Price Per SF | $1,004.28 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.38% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | B |
| Lot Size | 173.61 AC |
| Building Size | 7,654 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Zoning | PAD - Planned Area Development |
Amenities
- Lounge
- Air Conditioning
- Smoke Detector
- Cafe
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $5,151 CAD | Total Assessment | $260,002 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$5,151 CAD
Improvements Assessment
$0 CAD
Total Assessment
$260,002 CAD
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100 N Clubhouse Dr - Coldwater Golf Club
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