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12/02/21
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Cross Creek Golf Club, an Arthur Hill designed, 18-hole Cross Creek Golf Club in Temecula, was purchased by a Temecula-based private investor for $4.65 mil. The property, located at 43860 Glen Meadows Rd, was sold by ANB Enterprises, a private Orange County-based Investor.
Built in 2001, Cross Creek Golf Club sits on 166 acres just minutes from the I-15 Fwy in the picturesque Santa Rosa Plateau in the Temecula Valley, with rolling hills, custom homes and vineyards surrounding the property. 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 over 35 golf courses in the Western US, has been hired to manage Cross Creek and to bring their expertise to further enhance the property.
Brad Umansky and Greg Bedell with Progressive Real Estate Partners , CCIM, represented the seller in the deal. The buyer, Ken Tina LLC, was repped by Craig Way of Seaway Properties.
“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,” noted Bedell. “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.”
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