COLINAS DEL ORO ACRES MIXED-USE LAND AVAILABLE FOR SALE

Transcription

1 ACRES MIXED-USE LAND AVAILABLE FOR SALE

2 1. EXECUTIVE SUMMARY 2. PROPERTY INFORMATION TABLE OF CONTENTS 3. LOCATION INFORMATION 4. CONTACT INFORMATION 1EXECUTIVE SUMMARY 2 HIGHWAY 74 PERRIS CALIFORNIA 92570

3 EXECUTIVE SUMMARY Colinas Del Oro is a fully entitled 126 acre mixed use development project located along the Hwy 74 corridor approximately 4-1/2 miles northeast of the intersection of the I-215 Freeway and Hwy 74 between Lake Elsinore and the City of Perris. Hwy 74 is a major artery connecting the I-15 and I-215 freeways and offers high traffic and high visibility to the property. The property has an approved Specific Plan (SP # 364) and an approved tentative tract map (TTM 36450) which provides for a total of 490 residential units along with eleven acres of Mixed Use commercial / retail zoning that abuts Hwy 74. The breakdown is 241 single family lots plus 198 medium density units and 49 units within the Mixed Use section. The Project also has an approved tentative parcel map which provides flexibility for a phased development. The property is located along the west side of Hwy 74 between the City of Perris and the City of Lake Elsinore and is mostly level to moderate slope. Most of residential planned is medium density and built within the level area and which will provide more affordable housing. The County of Riverside is rapidly moving forward on a Hwy 74 Business Corridor plan to encourage and incentivize new development and growth along the Hwy 74 corridor, Key Property Strengths include: Improving Job Market in the Inland Empire Limited number of newly planned and entitled communities Limited Supply of deliverable lots Low Resale Inventory Rebounding Economy Colinas Del Oro is well positioned to attract buyers for affordable housing and retail / commercial tenants, both from its central location to both I-15 in Lake Elsinore and to Hwy 215 in Perris. Having the mixed use and retail component available will add to its desirability. 2PROPERTY OVERVIEW 4 HIGHWAY 74 PERRIS CALIFORNIA 92570

4 SITE PLAN PROPERTY DETAILS LOCATION: Colinas Del Oro is located along the west side of Highway 74 between the City of Lake Elsinore and the City of Perris. JURISDICTION: Unincorporated Riverside County SIZE: acres ENTITLEMENTS: Approved Specific Plan No. 364, GPA No. 743, Change of Zone No. 7143, TTM 36450, EIR No. 530 LOT COUNT: 241 Single Family; acre VHDR lot (198DU*); & acre mixed use lot (49DU*) SCHOOL DISTRICT: Elementary & Union High School Districts Perris Elementary School API-742 Pinacate Middle School API-676 Perris High School API-691 UTILITY PURVEYORS: Water: Elsinore Valley MWD Sewer: Elsinore Valley MWD Electric: Southern CA Edison Gas: SoCal Gas Company Telephone: Verizon Cable: Time Warner Cable PURCHASE PRICE: $4,000, $31, Per Acre PROPERTY HIGHLIGHTS The property is currently vacant and unimproved. Topography: gentle to moderate slopes 6 HIGHWAY 74 PERRIS CALIFORNIA PROPERTY INFORMATON 7

5 ETHANAC ROAD ZONING INFORMATION RICHARD STREET EUGENE STREET 8 HIGHWAY 74 PERRIS CALIFORNIA PROPERTY INFORMATON 9

6 PARCEL MAP 1 Traffic facilities excludes traffic signals. 10 HIGHWAY 74 PERRIS CALIFORNIA PROPERTY INFORMATON 11

7 3LOCATION OVERVIEW

8 14 HIGHWAY 74 PERRIS CALIFORNIA LOCATION INFORMATION 15

9 DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 2021 Projection 1,752 16,906 83, Estimate 1,676 4,041 23, Census 1,603 15,268 71,782 Growth % 1.41% 1.29% Households 2021 Projection 530 4,302 24, Estimate 512 4,041 23, Census 499 3,977 21,646 Growth % 1.26% 1.10% 2016 Est. Population by Single-Classification Race White Alone 1,018 8,592 47,325 Black Alone 83 1,064 4,491 American Indian Alone Asian Alone ,008 Pacific Islander Alone Some Other Race Alone 454 4,449 18,192 Two or More Races ,889 Hispanic Origin (Any Race) 1,093 10,114 41, Average Household Income $44,239 $65,671 $71,790 DEMOGRAPHICS CENSUS 2010 SUMMARY Population 2,189,641 Households 686,260 Median Age SUMMARY Population 2,302,403 Households 716,787 Median Age 34.2 Median Household Income $54,991 Average Household Income $75, SUMMARY Population 2,435,985 Households 754,636 Median Age 34.8 Median Household Income $63,928 Average Household Income $86,865 TRENDS: ANNUAL RATE Population 1.13% Households 1.03% Median Household Income 3.06% RIVERSIDE COUNTY Riverside County is one of the fastest growing counties in the United States, leading the rapidly changing Inland Empire market, with rivers, mountain peaks, deserts and fertile valleys, Riverside County offers diversity that few locations can match. More than two million people live in Riverside County, making it the fourth most populous county in California, taking advantage of affordable housing, nearby beaches, mountains, hiking and bike trails, the Wine Country near Temecula and resorts that offer oases in the desert. Riverside County covers 7,208 square miles in Southern California. Together, Riverside and San Bernardino Counties have been dubbed the Inland Empire. California s fourth largest county by population is expanding its economy, working to diversify beyond the housing industry that has driven the region s economy for years. Centrally located in the heart of Southern California; Riverside County borders San Bernardino, Orange and San Diego Counties. Interstate 10 runs through the entire County from east to west, and Interstates 15 and 215 connect Riverside County with San Diego County and San Bernardino County. Highway 60 and 91 link Riverside County to Los Angeles and Orange Counties. Attractive to many businesses, rail service connects Riverside County businesses with important markets, ports of entry, and key airports to expedite major national and international commerce transactions. Metrolink provides a large number of commuters from Riverside to Los Angeles, Orange and San Bernardino Counties In addition, Riverside County is presently served by 3 airports including the rapidly expanding Ontario international Airport: Palm Springs International Airport and San Bernardino International Airport. 16 HIGHWAY 74 PERRIS CALIFORNIA LOCATION INFORMATION 17

10 4CONTACT INFORMATION 18 HIGHWAY 74 PERRIS CALIFORNIA 92570

11 BRANDON SUDWEEKS SUDWEEKS DEVELOPMENT AND INVESTMENT COMPANY LLC ONE BETTERWORLD CIRCLE SUITE 301 TEMECULA, CA PHONE: FAX: CBCSOCALGROUP.COM CALBRE LICENSE: Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations in San Diego, Temecula and Ontario, CA. The CBC SC team offers full-service commercial real estate services including brokerage, property management and investment services. Brandon is committed to providing first class commercial real estate services, while maintaining a small business culture. Brandon is a highly qualified investment and land development specialist. He has completed real estate transactions valued in excess of 1 billion. Brandon has been recognized for his achievements in commercial real estate by several national real estate trade magazines including Real Estate Forum Magazine, Costar and Globe Street. He is highly sought out as a key-note-speaker and moderator in many commercial real estate events and conferences. Prior to CBC SC, Brandon spent several years in commercial real estate development as the sales and acquisitions manager for Sudweeks Development. He helped successfully complete several commercial real estate office and medical developments and sold thousands of residential lots in award winning subdivisions. His extensive background in real estate development provides his clients with a unique approach to brokerage services. RECOGNITION/AWARDS Coldwell Banker Commercial Elite (Top 15 Companies World Wide): 2013, 2014, 2015 Real Estate Forum Tomorrows Leaders in 2014 Real Estate Forum Top 40 Brokers Under 40 in 2011 Economic Development Corporation Best Emerging Businesses Nomination 2012 Costar Power Broker: 2011, 2012, 2013, 2014 Coldwell Banker Commercial Company Record in 2011 as the Youngest Franchise Owner on Record SPEECHES AND PRESENTATIONS RealShare San Diego Conference Moderator - Developing San Diego Power Panel Coldwell Banker Commercial Global Conference Moderator Coldwell Banker Commercial Conference 2015 Speaker NNN Leased Investments San Diego RealShare Conference 2015 Speaker Development Update San Diego RealShare Conference 2015 Moderator A Visionary Market Outlook for San Diego Inland Empire RealShare Conference 2015 Moderator Development Update Coldwell Banker Commercial Global Conference 2014 Speaker Corporate Services Update CCIM Los Angeles Chapter Event 2014 Speaker Building a Power Team Coldwell Banker Commercial Global Conference 2013 Speaker Emerging Leaders Advanced Commercial Real Estate with Jim Gillespie 2012 Key Note Speaker Coldwell Banker Commercial Regional Conference 2012 Speaker Southern California Sales Leaders Crittenden Conference San Diego 2012 Moderator How to Sell and Lease in Today s Market DESIGNATION, MEMBERSHIPS AND BOARDS Coldwell Banker Commercial Advisory Board Member, Certified Commercial Investment Member (CCIM) International Council of Shopping Centers (ICSC) National Association of Industrial Office Professionals San Diego (NAIOP) Economic Development Corporation (EDC) Board Member Lake Elsinore Chamber of Commerce Board Member Chamber of Commerce Member, Temecula, Murrieta, Lake Elsinore, Menifee, Hemet, Redlands, San Bernardino, Ontario, San Diego TED HILLOCK TEMECULA PARKWAY SUITE A TEMECULA, CA PHONE: (951) CALBRE LICENCE: Ted Hillock is a dynamic, entrepreneurial real estate broker with extensive experience in a broad range of real estate and land sales. He has worked in the Inland Empire for over 35 years, serving home builders and land developers. He has experience in all areas of land development, including project management, entitlement processes, builder relations and feasibility assessments. As a land specialist, Ted has a vast understanding of site feasibility evaluations and analysis for residential projects and commercial developments including; conditions of current zoning, availability of utilities, environmental conditions, and impact of development on surrounding properties. He recognizes the value of entitled property and can offer both buyers and sellers realistic expectations to the value of a property. Ted has specialized as a land broker with Coldwell Banker Commercial, Rancon Real Estate, Rancon Real Estate Builder Developer Division and Prudential New Home Sales. 20 HIGHWAY 74 PERRIS CALIFORNIA CONTACT INFORMATION 21

12 Brandon Sudweeks PRESIDENT CalBRE # Ted Hillock CalBRE # COLDWELL BANKER COMMERCIAL SC ONE BETTERWORLD CIRCLE, SUITE 301 TEMECULA, CA (951) CBCSOCALGROUP.COM