Preheat the oven to 325°.
Grease a 10" bundt pan with butter ( or shortening works too) dust the pan with flour and set aside.
Place all the cake ingredients in the bowl of your stand mixer fitted with the paddle attachment. Mix on low for about 30-45 seconds and then increase the speed to medium and mix for 3 minutes.
Pour the batter into the prepared pan and bake for 55-60 minutes or until a toothpick entered into the center comes out clean.
After the cake is done, make the glaze ingredients by combining the sugar, butter, vanilla, and the water. Cook over medium heat, until fully melted and combined, BUT DO NOT BOIL!.
Poke holes all over the warm cake and pour the glaze slowly over the cake while still in the pan.
Let the cake to cool completely in the pan and then invert onto a serving plate.