VALLE RESEDA 216 ACRES RESIDENTIAL LAND AVAILABLE FOR SALE

Transcription

1 N. SANDERSON AVENUE RAMONA EXPRESSWAY N. RAMONA BOULEVARD VALLE RESEDA 216 ACRES RESIDENTIAL LAND AVAILABLE FOR SALE

2 1. EXECUTIVE SUMMARY 2. PROPERTY INFORMATION TABLE OF CONTENTS 3. LOCATION INFORMATION 4. CONTACT INFORMATION 2 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

3 1EXECUTIVE SUMMARY

4 VALLE RESEDA EXECUTIVE SUMMARY Valle Reseda is a proposed Specific Plan in the city of San Jacinto s newer area near Ramona Expressway and N Sanderson Avenue. The property consists of approximately 214 acres that fronts the east side of N Sanderson Ave., is all flat, and has a Specific Plan overlay which totals about 924 housing units and some retail and commercial land. This site is very close to the Potter Ranch subdivision. DR Horton s Express Homes is currently selling and doing very well priced from $275,990 to $284,990. This area of San Jacinto via the Ramona Expressway makes for an easy commute into Moreno Valley. The World Logistic Center in eastern Moreno Valley is an approved 40.6 Million Sq ft Industrial Campus; Valle Reseda would be one of the closest San Jacinto housing projects to this massive employment base. To further open up the access to this area is the designated Hwy 79 realignment route that runs along the north - south boundary of N Sanderson Ave. This right of way is incorporated into the Valle Reseda Specific Plan and allows for higher housing densities and commercial uses. The seller is willing to allow at least a year for a buyer to continue finishing off the specific plan before closing. This should allow an investor or land developer to add value through further entitlement processing. With the San Jacinto market seeing more home buying activity and the ground breaking of World Logistic Center the timing for this project could be ideal to begin supplying affordable housing in late This market is considered an affordable market location. Valle Reseda addresses that with most of the original land use plan being predominantly medium density which allows du/ac. This land use accommodates smaller detached lots like 4,500 sqft lots and townhomes, ensuring a supply of affordable housing. 4 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. CalBRE License #

5 2PROPERTY OVERVIEW

6 VALLE RESEDA PROPERTY DETAILS LOCATION: The subject property is located on the N.Sanderson Avenue just south of Ramona Expressway in the City of San Jacinto in Riverside County, California. JURISDICTION: City of San Jacinto PURCHASE PRICE: $6,420,000 ($29,723 per acre) SIZE: 216 acres PROPERTY HIGHLIGHTS Mixed use specific plan with 916 single and multi family units and commercial uses 15 minute drive to I-10 freeway Frontage on a major thoroughfare Near Ramona Expressway with easy access to the Tens of thousands of projected new jobs within the direct vicinity due to 20+ million SF of new and proposed industrial developments Surrounded by several new shopping centers 6 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. CalBRE License #

7 VALLE RESEDA PROPOSED SPECIFIC PLAN 7 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

8 N. SANDERSON AVENUE RAMONA EXPRESSWAY 8 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

9 ZONING INFORMATION The ±214 acres of Valle Reseda have an approved zoning overlay of RM-Residential Density du/ac and GC, General Commercial. Other than zoning, Valle Reseda has no further entitlement approvals. 9 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

10 PARCEL MAP 10 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

11 VALLE RESEDA DEVELOPMENT IMPACT FEES Item Amount/Unit Signalization Improvement $ Water Capital Improvement $2, Sewer Connection $ Fire Mitigation $ Car Pool Mitigation $90.00 Administration $20.00 Police Facilities $ Fire Facilities $ Park Facilities $ Park Land Acquisition $1, Park Land Improvement $1, Community Amenities $ Goverment Services Facilities $ Streets and Roads $1, Bikeways $49.00 Traffic Signals $ Total Per Unit $10, N. SANDERSON AVENUE SAN JACINTO CALIFORNIA Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. CalBRE License #

12 3LOCATION OVERVIEW

13 RAMONA EXPRESSWAY RAMONA BOULEVARD N. SANDERSON AVENUE 13 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

14 VALLE RESEDA Prices Range from $256,990 - $309,990 S S A N D E R S O N AV E N U E R A M O N A B O U LE VA R RAMO D NA EX PR E SS SITE AY W Prices Range from $267,490 - $299,999 N Prices Range from $275,990 - $279,990 STATE STREET WARREN STREET COTTONWOOD AVENUE MAIN STREET W ESPLANADE AVENUE SAN JACINTO AVENUE 14 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

15 RIVERSIDE COUNTY 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 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. 15 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. CalBRE License #

16 10 minutes to the I-10 freeway 16 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

17 4CONTACT INFORMATION

18 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 18 N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

19 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. TED HILLOCK TEMECULA PARKWAY SUITE A TEMECULA, CA PHONE: (951) CALBRE LICENCE: N. SANDERSON AVENUE SAN JACINTO CALIFORNIA 92583

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