The deal was financed by a $1.25 million mortgage given to Park HG president Bradley P. Dressler as an individual, according to Integra Realty Resources, AREEA/South Florida, a Miami real estate research organization.
The golf course sold for $1.5 million in 1986, $3.8 million in 1990 and $3.79 million in 1993. The facility offers a limited pro shop but no country club amenities. The course caters to the price-conscious golfer offering rates far below other area courses.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
