How About a Donald Ross-Designed Golf Course for Your Portfolio?

How About a Donald Ross-Designed Golf Course for Your Portfolio?

The Monroe Golf & Country Club — designed by the influential Donald Ross — is up for sale, and a subsidiary of Marcus & Millichap Real Estate Investment Services, which has an office in Southfield, is the acting broker.

“Our goal is to position the … Monroe Golf & Country Club as a leader in the country club lifestyle nationwide,” says John Skibski, president of the club. “Our stockholder members strongly support the decision to bring in a partner or partner firm, affording Monroe the ability to obtain a new beginning, while maintaining strong traditions. Our focus is to ensure our members continued quality, along with growth, at a place our members consider to be a second home for generations.”

Skibski says the board has requested an investor that is willing to join forces with current club members. The board has asked Tampa, Fla.-based National Golf & Resort Properties Group to locate an investor with experience and operational capacity to assist the club with future growth plans.

“As an investment, Monroe is among the best our firm has had the pleasure to work with,” says Terence Vanek, the lead agent for the deal. “We are grateful for the responsibility and look forward to locating the right partner.”

The club includes:

  • Donald Ross-designed 18 hole golf course, adjacent putting green and practice range, a pro shop, and trained PGA staff.
  • Two-story restored clubhouse built in 1884 for Col. Ira R. Grosvenor, a Civil War officer. In 1919, the club was established with 100 members.
  • Formal and informal dining rooms, both of which overlook the 18th green, a large ballroom (for up to 250 people), three bars, smaller private-function rooms, and an outdoor patio.
  • Large swimming pool, wading pool for young children, locker facilities for men and women, food service, and an aquatic center.

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