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2441 Vellano Club Dr - Vellano Golf Club

59,008 SF Sports & Entertainment Building Offered at $17,500,000 in Chino Hills, CA 91709

Investment Highlights

  • Long Term Tenant in Place
  • Highly Sought After Community
  • Listed Below Appraised Value

Executive Summary

Great Opportunity for a Golf Course Operator to renovate, revitalize and resurrect a once great Golf Club that has been decommissioned!
Situated in Chino Hills lies the beautiful private Golf Club of Vellano. This Original Greg Norman Course offers over 269 acres of rolling hills, panoramic views, and boasts the perfect canvas for an upscale, membership only experience. As you approach the community of Vellano, you are greeted by a beautiful wrought iron gate, mature landscaping, and majestic water features with a guard gated entrance. After passing through said entrance, you are guided to the Clubhouse and Golf Pro Shop by Italian Cypress that line the road to your destination.
As you arrive at your destination, you’ll notice the abundance of parking and well-maintained Commercial Buildings. Not only does this community offer a Pro Shop, but also a Grand Clubhouse, currently being used by an annual lease holder, Wedgewood Weddings. In addition, there is a large detached private gym and fully fenced pool and private bathrooms. The Community of Vellano is much more than just its Private Golf Club, but also a Private Estates Community which currently holds over 175 Luxury Tuscan Homes that line the course and guide you from start to finish.
The value in this opportunity is immense, not only from the land itself, but also, from an annual lease with Wedgewood Weddings for the 46,000 square foot clubhouse. Wedgewood is a great company to have as a long-term tenant and they are gladly looking to expand their lease to other parts of the property, if possible. Please let us know if there are any questions on this and we would be happy to elaborate.
This property is listed in two different ways. Option 1: Purchase the entire 269 Acres of Golf Land, Golf Maintenance Buildings, and additional Commercial Buildings with Annual Wedgewood Wedding Lease for a total of $17,500,000.
Option 2: Purchase just the 262 Acres of Golf Land and Golf Maintenance buildings for a total of $10,000,000.
Don’t wait to call today about how to see this property.

Property Facts

Price $17,500,000
Price Per SF $297
Sale Type Investment or Owner User
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class A
Lot Size 268.98 AC
Building Size 59,008 SF
No. Stories 3
Year Built 2008

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1017-262-08
  • 1017-262-07
  • 1017-252-05
  • 1017-262-09
Land Assessment
$1,675,000
Improvements Assessment
$3,075,000
Total Assessment
$4,750,000

zoning

Zoning Code Commercial Recreational (Commercial Recreational allows for a variety of different uses, please call with questions.)
Commercial Recreational (Commercial Recreational allows for a variety of different uses, please call with questions.)
  • Listing ID: 31206560

  • Date on Market: 3/13/2024

  • Last Updated:

  • Address: 2441 Vellano Club Dr, Chino Hills, CA 91709

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