Jack in the Box mogul buys Bay Area golf course

http://www.bizjournals.com/sanjose/news/2016/05/27/jack-in-the-box-mogul-buys-bay-area-golf-course.html

Fremont-based entrepreneur Aniil Yadov – the largest Jack in the Box franchisee in the country – has added another asset to his growing portfolio: Gilroy’s Eagle Ridge Golf Course.

A company connected to Yadov closed on the 18-hole course this week, according to public records, paying $3.8 million.

That’s pretty cheap for a golf course. I thought they were much more expensive.