Vellano Country Club - Commercial Income

$17.5M Sale of 269-Acre Golf Course & Income Asset | 2441 Vellano Club Dr, Chino Hills | Seller Rep by Kyle Fried

Kyle Fried of Seaway Commercial Real Estate Advisors, in partnership with Rancon Group, successfully closed the sale of 2441 Vellano Club Dr in Chino Hills—a landmark 269-acre golf course redevelopment opportunity with stabilized commercial income. The transaction closed in Q2 2025 for $17,500,000, with seller-financed terms and a 3-year balloon structure. The buyer, MGR Holdings, is an experienced Inland Empire investor focused on value-add commercial and development assets.

The asset included:

• 262 acres of decommissioned golf course land

• A 10,000 SF golf maintenance facility

• A ±50,000 SF two-story commercial event venue leased to Wedgewood Weddings

• 43 acres entitled with a 73-lot tentative tract map

Deal Summary

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

• Buyer: MGR Holdings

• Seller: Private Investors

• Broker Representation: Kyle Fried (Seller Rep, Co-listed with Rancon Group)

• Sale Price: $17,500,000

• Structure: Seller carry for 3 years with balloon payment

• Land Area: 269 acres total (262 acres raw land + commercial building parcel)

• Buildings: ±50,000 SF (commercial + maintenance)

• Zoning: Mixed-use with development overlay

• Closing Date: Q2 2025

Client Strategy & ROI Execution

This transaction is a benchmark IRR case study. The sellers, originally clients of Seaway CRE, purchased the golf course asset in 2022 for $5 million, using a creative equity + debt structure:

• $1M each from two principals

• $3M from a private lender at competitive terms

The ownership group:

• Stabilized the event center with a long-term lease to Wedgewood Weddings

• Conducted feasibility, CEQA, and entitlement work for 73 residential lots

• Repositioned the site from idle land to a prime value-add income + development hybrid

The resulting $17.5M sale, less than three years later, delivered an exceptional return with 10x equity multiple potential, demonstrating the power of a hands-on brokerage-execution strategy.

Execution Highlights

• Oversaw valuation, inspections, and environmental reports

• Worked with engineers, surveyors, and civil consultants to support the tentative tract map

• Ran point on multiple LOIs, including offers from luxury homebuilders, golf course redevelopers, and institutional land bankers

• Structured a seller carry with favorable interest to bridge the gap between buyer vision and capital constraints

Strategic Buyer Fit

MGR Holdings recognized the rare combination of:

• Long-term income from Wedgewood Weddings

• Immediate upside via 73-lot tract map

• Geographic moat: Vellano sits within a gated luxury enclave in Chino Hills with panoramic views, high-end demographics, and significant barriers to entry for new development

Brokerage Value Delivered

• Represented the sellers on the original 2022 acquisition and the 2025 exit

• Structured and negotiated dual-phase development and income offering

• Managed multi-stakeholder negotiations and complex due diligence

• Drove a record return on investment for client investors

FAQs

1. What did the buyer acquire?
MGR Holdings acquired the entire 269-acre property including a 50,000 SF commercial wedding venue, a 10,000 SF maintenance facility, and 262 acres of golf land with a 73-lot tract map in process.

2. How was the deal financed?
The sale was structured as a seller-financed carry over 3 years with favorable interest rates and a balloon payment at term.

3. Why was this deal so attractive to investors?
It combined stabilized income from Wedgewood Weddings, development upside from entitled land, and exceptional buy-side terms—resulting in a rare, high-yield investment in a luxury market with growth pressure.