7946 BROADWAY LEMON GROVE, CA UNIT APARTMENT / MIXED USE DEVELOPMENT OPPORTUNITY 0.92 ACRE LOT WITH EXISTING 5,960 SF RETAIL BUILDING

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Adrian Woods
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7946 BROADWAY LEMON GROVE, CA 91945 32+ UNIT

1 7946 BROADWAY LEMON GROVE, CA UNIT APARTMENT / MIXED USE DEVELOPMENT OPPORTUNITY 0.92 ACRE LOT WITH EXISTING 5,960 SF RETAIL BUILDING EXCLUSIVE OFFERING MEMORANDUM

2 TABLE OF CONTENTS I. Summary Bird s Eye View 3 Property Summary & Zoning 4 II. Development Standards Setbacks, Parking etc. 5 Fee Estimate Assumptions 6 Fee Estimate 7 III. Maps Area Map 8 Proximity Map 9 Plot Map 10 IV. Demographics Demographics Overview V. Traffic Counts

3 BIRD S EYE VIEW 3 16

4 PROPERTY SUMMARY & ZONING Project Name 7946 Broadway APN Price Lot Size Residential Units Allowed TBD 40,075 SF 32 Units Minimum (35 Units/ Acre) 48 Units Maximum (150% of the minimum) Zoning Village Commercial - 5 Special Treatment Area 1 -Downtown Village STA I Downtown Village: STA I, the Downtown Village, is planned for a lively mix of retail, office, condominium and apartment supported by a variety of transportation options. STA I has an adopted specific plan with its own distinct land use and zoning designations, further described in subsequent sections of this report. Village Commercial - 5: This is a mixed-use area allowing a mixture of retail and commercial oriented businesses to local residents, office, and residential uses within the same building, lot or area, with the intent of creating a lively pedestrian-oriented village near the planned Integrated Transit Station. 35 units per acre minimum. Please click here to review the Downtown Village Specific Plan Expansion 4 16

5 DEVELOPMENT STANDARDS Ground floor fronting Broadway shall be devoted to retail commercial or office uses. Setbacks Maximum Building Height Minimum Balconies Within one foot of the ultimate right of way 5 Stories or 65 feet 50 sf of balconies for each residential unit Residential Units permitted above commercial establishments. Common area requirements can be satisfied with rooftop or common area amenities via substantial conformance review. Minimum Comm. Open Space 350 sf per residential unit Residential Units Allowed 32 Units Minimum (35 Units Per Acre) Parking Minimums Per Unit Studio Bedroom Bedroom Bedroom Office / 1,000sf Retail / 1,000sf Restaurant / 1,000sf 10% - 20% reduction in commercial parking requirements for mixed use properties 5 16

6 Fee Estimate Assumptions Units Amount Sf Per Unit Total SF Parking Req Total Parking Req Studios Bedrooms , Bedrooms 20 1,200 24, Bedrooms 2.0 Number of Residential Units 40 38,000 Number of Commercial Units 1 3,000 3, Balconies 50 2,000 Common Area ,000 Required Parking Spaces , Total Sf 79,505 San Diego Building Valuation Schedule Cost Per SF $ Total Valuation $8,480, Equivalent Dwelling Units (EDU)

7 Fee Estimate Department Contact Per Square Foot Cost Per Unit Cost Total Cost Planning & Zoning Department: Grading Improvement Plan Plan Development Permit Mike Viglione (619) $5,000 $4,000 Building Department: Building Permit Fee $32,456 Lemon Grove School District Grossmont School District Thomas Johnson (619) $2.16 $1.00 $2,052 $950 $82,080 $38,000 Parkland Fee $639 $25,560 RTCIP Fee (Traffic) $2,404 $96,160 Engineering Department: Stephanie Boyce Sewer Connection Fee (619) $1,000 $29,900 Helix Water District: 2in Water Meter Capacity Charge (Discount Applied) Lateral Installation Fee (Estimated) Work Order Fee SDGE Subtotal Before Contingency 5% Contingency Total Estimated Fees Aneld Anub (619) $39,308 $10,000 $264 Unknown $362, $18, $380,

8 AREA MAP 8 16

9 PROXIMITY MAP 9 16

10 PLOT MAP 10 16

11 DEMOGRAPHICS DETAIL REPORT 11 16

12 DEMOGRAPHICS DETAIL CONT

13 DEMOGRAPHICS DETAIL CONT

14 DEMOGRAPHICS DETAIL CONT

15 DEMOGRAPHIC MARKET COMPARISON 15 16

16 TRAFFIC COUNTS 16 16

RIKER RANCH - APPROVED 21 LOT TENTATIVE MAP

RIKER RANCH - APPROVED 21 LOT TENTATIVE MAP Rare Development Opportunity Near Lake Jennings All Environmental Permits are Expected to be Approved by End of 2016 10,000 to 16,009 SF Lot Sizes Area of New Home Prices From $550,000 to $700,000 ASKING