DEVELOPMENT OPPORTUNITY INLAND EMPIRE

Transcription

1 PULSAR INDUSTRIAL COURT DEVELOPMENT OPPORTUNITY INLAND EMPIRE FINALIZING ENTITLEMENTS COUNTY OF RIVERSIDE (SOUTH CORONA) 5.07 ACRES Exclusively Offered By: Chase MacLeod Vice President Real Estate Salesperson CA BRE Lic # OFFERING MEMORANDUM

2 PULSAR INDUSTRIAL COURT Offering Memorandum Table of Contents TABLE OF CONTENTS Executive Summary...3 Property Overview...7 Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 2

3 PULSAR INDUSTRIAL COURT Offering Memorandum Executive Summary The Offering Pulsar Industrial Court is a rare opportunity to acquire an infill development site in the final stages of entitlements in the Inland Empire Riverside / South Corona submarket. This 5.07 acre site in the County of Riverside (South Corona vicinity) offers the developer or investor the opportunity to purchase or construct 84,892 square feet of modern industrial warehouse and/or manufacturing space in the most dynamic market in the country. These proposed buildings are designed to offer optimal functionality and features to service a broad base of users and tenants. In summary, new construction small to mid-sized (10,000 99,000 SF) industrial buildings are in the highest demand and lowest supply category in the Inland Empire. Pulsar Industrial Court is poised to service that demand by achieving a possible Q delivery date. Project & Site Highlights Last infill site for development of industrial buildings in Wildrose Business Park Zoned as Specific Plan allowing manufacturing and industrial uses Estimated timing for entitlement approval December, 2015 The following reports and studies completed: - Water Quality Management Plan (Pending) - Sound study (as a result of proximity to residential) - Geotechnical report - Updated title report Rough graded with all utilities to site Water capacity fees paid Distance to Freeway miles to Cajalco Rd on-ramp Freeway miles Freeway miles Anaheim - 12 miles City of Riverside - 6 miles Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 3

4 PULSAR INDUSTRIAL COURT Offering Memorandum Executive Summary Scope of Development SLIDING GATE 18 L E R O Y R O A D 6 4 GD TRASH 120' SLIDING GATE BUILDING 1 BUILDING 2 TOTAL Adjusted Total (Reduced Office)* Number of Buildings Site Area (Acres) Site Area (Square Feet) 115, , , ,643 Building Area (Square Feet) 49,817 35,075 84,892 83,482 Building Footprint 44,817 31,075 75,892 75,892 1st Floor Office (Square Feet) 10,500 5,000 15, Mezzanine (Square Feet) 5,000 4,000 9, Coverage 43.28% 33.08% 38.47% 37.84% Warehouse Clearance 28'0" 28'0" - - Power To Suit To Suit - - Dock Doors Ground Level Doors ' SLIDING GATE Ground Level Ramp (Roll-Up Door) Auto Parking Stalls Parking Area (Square Feet) 32,789 20,151 52,940 52,940 Additional Outside Storage Yes Yes - - Truck Court 120' 120' OFFICE AREA W/ MEZZANINE 192' BUILDING 1 BLDG AREA: 49,817 SF GRADE LEVEL RAMP OFFICE AREA W/ MEZZANINE 120' TRASH 153' 245' BUILDING 2 BLDG AREA: 35,075 SF SWING GATE 9 Drive Around Capable Yes Yes - - Construction Concrete Tilt-Up Concrete Tilt-Up - - P U L S A R C O U R T Fire Sprinklers 0.60 GPM / 3,000 (ESFR Ready) 0.60 GPM / 3,000 (ESFR Ready) - - SITE PLAN RGA JOB # A1-01 0' 10' 20' * Adjusted total reflects 1st floor office and mezzanine office total reduced to 10% ratio of building square footage **Site plan reflects setback requirements imposed with minimum distance from Leroy Road and adjacent residential homes (setbacks reduced FAR and coverage ratio). Site plan reflects additional parking / paved outside storage increased as a result of reduced coverage. Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 4

5 PULSAR INDUSTRIAL COURT Offering Memorandum Executive Summary Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 5

6 PULSAR INDUSTRIAL COURT Offering Memorandum Executive Summary Structure Owner will only consider the following structures: 1. An outright sale of the land; There is no debt to be assumed on the Property. Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 6

7 PULSAR INDUSTRIAL COURT Offering Memorandum Property Overview Pulsar Industrial Court Property Overview Location Pulsar Industrial Court is located in the last infill industrial development site in Wildrose Business Park at the end of the cul-de-sac (Pulsar Court). It is located within the County of Riverside on the border of South Corona. Property / Acreage The site consists of 5.07 acres of rough graded land which is ready for development. All utilities are currently stubbed to the site, water capacity fees have been paid. Parcels The site is currently composed of two (2) parcels totaling approximately 5.07 acres. The proposed Building One parcel is 2.89 acres (APN: ) and proposed Building Two parcel is 2.18 acres (APN: ) and includes proposed adjusted lot lines for the two new proposed buildings. Land Use The property is currently zoned Specific Plan (SP) per the County of Riverside Specific Plan. The planned warehouse / industrial / manufacturing use is permitted within the SP area. Environmental Site Conditions Ownership has obtained a current Phase I on the property. Entitlements Pending Final Approval of WQMP. Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 7

8 M-1 M-1 FIELD PAINT COLOR: ICI # NATURAL WHITE BASE ACCENT COLOR COLOR: ICI #595 - STONE GREY ACCENT COLOR COLOR: ICI #616 DORIAN GREY GLAZING 1/4" REFLECTED BLUE M-1 MULLIONS CLEAR ANODIZED ALUMINUM OFFSET GLAZING SYSTEM M-1 M-1 FIELD PAINT BASE ACCENT COLOR ACCENT COLOR GLAZING M-1 MULLIONS PULSAR INDUSTRIAL COURT Offering Memorandum Property Overview Pulsar Court Elevations Building One KEYNOTES PAINTED CONCRETE TILT-UP PANELS. 2. STOREFRONT: BLUE GLAZING SET IN CLEAR ANODIZED ALUMINUM 2" X 4 1/4" MIN. OFF-SET GLAZING SYSTEM 3. PAINTED DOCK HIGH METAL TRUCK DOORS. Building Two PAINTED GRADE LEVEL METAL TRUCK DOORS. 5. PAINTED METAL ACCESS MAN DOORS PANEL JOINT. 7. 3/4" DEEP X 2" WIDE PANEL REVEAL. 8. ROOF DRAIN OVERFLOW SCUPPER PAINTED TO MATCH THE BUILDING. 35'-0" 9. 6'-0" HIGH CONCRETE TILT-UP TRASH ENCLOSURE. 10. CONCRETE RAMP WITH PAINTED CONCRETE GUARDRAIL. 5 NORTH ELEVATION NORTH ELEVATION 10 5 M '-0" FINISH SCHEDULE WEST ELEVATION CODE MATERIAL DESCRIPTION 35'-0" FINISH SCHEDULE 5 WEST ELEVATION SOUTH ELEVATION 1 7 CODE MATERIAL 5 OBLIQUE SOUTH ELEVATION OBLIQUE EAST ELEVATION EAST ELEVATION Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 8

9 PULSAR INDUSTRIAL COURT Offering Memorandum Property Overview Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 9

10 OFFERING MEMORANDUM PULSAR INDUSTRIAL COURT DEVELOPMENT OPPORTUNITY INLAND EMPIRE Exclusively Offered By: Chase MacLeod Vice President Real Estate Salesperson CA BRE Lic # Guasti Road, Suite 100, Ontario, CA Fax Lic # The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions. is a registered trademark of Voit Real Estate Services.