The 20-year-old Temecula, Calif. property sits on 166 acres in the Santa Rosa Plateau and features an 18-hole Arthur Hills-designed golf course. The buyer, Ken Tina LLC, plans to make significant investments to upgrade the clubhouse, improve the condition of the course, and potentially add new facilities for hosting weddings and special events.
Cross Creek Golf Club in Temecula, Calif. has been sold for $4.65 million. The sale encompassed both the real estate and business.
Progressive Real Estate Partners’ President Brad Umansky and VP of Investment Sales Greg Bedell, CCIM exclusively marketed the property and represented the seller, ANB Enterprises, a private Orange County-based Investor. The buyer is Ken Tina LLC, a private Temecula-based Investor.
The buyer plans to make significant investments to upgrade the clubhouse, improve the condition of the golf course, and potentially add new facilities for hosting weddings and special events. As part of the process, Touchstone Golf, a manager of more than 35 golf courses in the Western US, has been hired to manage Cross Creek and to bring their expertise to further enhance the property.
Built in 2001, the Arthur Hill designed 18-hole Cross Creek Golf Club sits on 166-acres in the Santa Rosa Plateau in the Temecula Valley with rolling hills, custom homes and vineyards surrounding the property.
“The sale of Cross Creek clearly exemplifies a renewed interest in golf from both players and investors, while also illustrating the growing prominence of the Temecula region, Bedell said. “Since reopening in May 2020 following the COVID shutdown, Cross Creek experienced over a 30% increase in rounds played year-over-year many of which were played by first-time golfers and players from Los Angeles/Orange County seeking an outdoor escape. This year is on track to be Cross Creek’s best on record.”
Umansky touched upon the planned upgrades.
“The Temecula-based buyer has deep roots in the region and is excited to build on the success of Cross Creek by enhancing the customer experience and upgrading the property.” Umansky said. “Furthermore, this sale reflects the trend of Inland Empire properties being acquired by Inland Empire investors [vs. LA or Orange County] demonstrating the increase in wealth amongst inland investors.”
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