240 Riverview Dr - Sports and Entertainment FOR SALE


Cochrane, AB T4C 1K9
$7,750,000 CAD
604-640-5860
240 Riverview Dr, Cochrane, AB for Sale
$7,750,000 CAD
Sports and Entertainment - FOR SALE
1/1
null | Request Cap Rate

240 Riverview Dr
Cochrane, AB T4C 1K9


OVERVIEW

Cushman & Wakefield ULC is pleased to present 240 Riverview Drive, Cochrane, Alberta, known as Cochrane Golf Club (the “Property”) to the market for sale. Built in 1990, the Property represents a unique opportunity to acquire a recreational investment property improved with a semi-private 9- hole regulation golf course and ancillary amenities. The Property also includes an 18-hole mini-golf course, practice area, pro shop, and a clubhouse. Furthermore, there is a third-party lease in place to WOW Chicken that generates approximately $90,000 base rent per annum plus 5% percentage rent for sales over $1 million (sales for 2024 were approximately $2 million). There are multiple valueadd opportunities with the acquisition including potential development of retail pads, inclusion of virtual golf simulators, and establishment of a golf training program. The Property benefits from a stable operating history that has seen a 5-year average of 34,568 rounds played and has investment upside through green fee growth. Located in Cochrane’s Riverview residential district, Cochrane Golf Club is surrounded by an established residential neighbourhood providing a serene setting. The town of Cochrane is situated in the Foothills parkland Natural sub-regions of Alberta, and more specifically positioned along the intersection of Highway 1A and Highway 22, along the Bow River, approximately 20 kilometres northwest of Calgary (30-minute drive). All interested parties should contact the listing agents for access to the data room and further due diligence items upon execution of an NDA.

FOR SALE DETAILS

PRICE

$7,750,000 CAD

PRICE/SF

$541 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

64.38 AC

LAND SF

2,804,393 SF

ZONING

PR

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brad Newman-BennettCushman & WakefieldMore Info
604-640-5860

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Brad Newman-BennettCushman & WakefieldMore Info
604-640-5860

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