SWC OF SYCAMORE AVE & WATSON WAY VISTA, CA

Transcription

1 Hibiscus Ave SMALL LOT DETACHED RESIDENTIAL OR SENIOR CARE DEVELOPMENT OPPORTUNITY ACRES Shadowridge Dr Thibodo Rd City Supportive of Rezone to Residential Small Lot Detached (*Call Broker for Details) Sellers May Consider Financing the Sale Property A Asking Price: $1,966,000 Property B Asking Price: $3,200,000 OFFERS DUE - THURSDAY, NOVEMBER 17, 2016 Shadowridge Plaza Shopping Center PROPERTY B Watson Way Sycamore Ave PROPERTY A

2 PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 PROPERTY INFO 7 DUE DILIGENCE LINKS 8 RETAILER MAP 9 PLAT MAP 10 RESIDENTIAL SALES COMPARABLES 11 OFFERING GUIDELINES No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. Any of the foregoing information will need to be separately verified by Buyer. 2

3 AERIALS Property B 4.62 Acres Watson Way Sycamore Ave Sycamore Ave Property A 2.43 Acres Hibiscus Ave 3

4 Thibodo Dr AERIALS Shadowridge Dr Sycamore Ave Shadowridge Park Subject Properties Oleander Ave Sycamore Ave 4

5 LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE SAN MARCOS CARLSBAD PALOMAR AIRPORT SUBJECT PROPERTIES ESCONDIDO ENCINITAS 78 SHADOWRIDGE DR THIBODO RD SOLANA BEACH SAN DIEGO COUTNRY ESTATES N DEL MAR POWAY SYCAMORE AVE WATSON WAY PLUMOSA AVE OLEANDER AVE 5

6 PROPERTY FEATURES PROPERTY INFO LOCATION: The properties are located in the City of Vista, California just south of Watson Way on the west side of Sycamore Avenue. Located approximately 1/2 mile south of California State Hwy 78, the site is well positioned for a senior housing development in a well established, highly desirable area of north San Diego county. JURISDICTION: City of Vista APN, ACREAGE PARC. APN ACREAGE ZONING & ZONING: A Acres C-1 A Acres C-1 B Acres C-1 B Acres E-1 B Acres C-1 SERVICES: Water/Sewer Vista Irrigation District Electricity/Natural Gas San Diego Gas & Electric Fire Vista Fire Dept. Police Vista Police Dept. CURRENT USE: SELLER FINANCING: Vacant Land & Residential Home Both Owners of parcels A & B will consider financing their respective sales with 15%-20% down. SALE PRICE: A Parcels: $1,966,000 B Parcels: $3,200,000 OFFERS DUE: Thursday, November 17, 2016 at 5:00 PM 6

7 DUE DILIGENCE LINKS DUE DILIGENCE LINKS BOUNDARY SURVEY CITY OF VISTA CHAIN - SUPPORTED USES CONCEPTUAL SITE PLANS - OLD EIR LETTER - DRAFT MATTERHORN-BATE DOCUMENTS NATURAL HAZARD REPORTS PLANNING COMMISSION STAFF REPORTS PRELIMINARY TITLE REPORTS SENIOR CARE DEVELOPMENTS - OLD SPECIFIC PLAN 21 WITH EXHIBIT TRAFFIC IMPACT STUDY - DRAFT ZONING C-1 ZONING E-1 ZONING LETTERS 7

8 60-70 SMALL LOT DETACHED RESIDENTIAL OR SENIOR CARE DEVELOPMENT OPPORTUNITY ACRES KEY 1. North County Association of Realtors Oncology Therapies of Vista San Diego Cancer Center Advanced Wellness Chiropractic Cybernife of Socal Quest Diagnostics Sycamore Dental Tri-City Pet CT 2. Stater Bros Big Lots Big 5 Jack in the Box Starbucks Circle K Childcare Center 4. IHOP 5. ARCO Convenient Store 6. Gas Station Walgreens Panda Express Verizon Wireless Army Recruiting Station Submarina Sandwiches Pacific Dental 7. Walmart Sam s Club Golfsmith Babies R Us Target Ross Dress for Less Old Navy Famous Footwear Payless Shoes Michaels Chuck E Cheese s Coldstone Starbucks Subway Rubio s Bank of America Carl s Jr. PetSmart Anna s Linens Office Depot Bridgestone Firestone Souplantation Island Credit Union Wa tso 2.43 Acres re Av e. 2 nw ay Sy ca mo RETAILER MAP REFERENCE OF SURROUNDING RETAIL 1 Gas Station 7-11 Convenient Store 8

9 PLAT MAP 4.62 Acres 2.43 Acres 9

10 NEW HOME SALES COMPARABLES - SMALL LOT DETACHED RESIDENTIAL SALES COMPARABLES Project Name Builder Name City Master Plan Open Date Typical Lot Size Unit Size Min Unit Size Max MinPrice MaxPrice Min Price / SF Max Price / SF Total Units Planned Total Units Sold Total Remaining Sales Rate Zip Code Canteridge CalAtlantic Homes Escondido Harmony Grove Village 5/30/2015 2,550 1,920 2,136 $ 507,900 $ 570,900 $ $ Lusitano CalAtlantic Homes Escondido Harmony Grove Village 5/30/2015 2,550 1,684 2,018 $ 476,900 $ 516,900 $ $ Seabreeze CalAtlantic Homes Escondido Harmony Grove Village 5/30/2015 3,600 2,185 2,783 $ 531,900 $ 614,900 $ $ Setina D.R. Horton San Marcos 6/16/2015 2,100 1,685 2,000 $ 495,990 $ 560,990 $ $ Serra Shea Homes Vista 8/1/2015 2,900 1,754 2,012 $ 472,900 $ 503,900 $ $ RESALE HOME COMPARABLES - SMALL LOT DETACHED BUILT 2010 OR LATER CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$509,900 $452,900 $488,171 $489,900 SP:$509,000 $458,395 $491,762 $493,047 RESIDENTIAL - Sold Number of Properties: 9 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF SOLD DET 342 Cobalt Drive VISTA (92083) 3 3 9/12/2016 2,130 8 $489,900 $ $485,000 $ SOLD DET 318 Cobalt Drive VISTA (92083) 4 3 8/3/2016 2, $485,000 - $495,000 $ $490,000 $ SOLD DET 636 TOPAZ VISTA (92083) 3 3 9/6/2016 2, $499,900 - $509,900 $ $509,000 $ SOLD DET 1125 Savanna Lane VISTA (92084) 3 3 6/28/2016 1, $452,900 $ $458,395 $ SOLD DET 1126 Savanna Lane VISTA (92084) 4 3 8/11/2016 1, $480,960 $ $493,047 $ SOLD DET 1126 Savanna Lane VISTA (92084) 4 3 8/12/2016 1,857 7 $480,960 $ $493,047 $ SOLD DET 1114 Savanna Lane VISTA (92084) 4 3 7/8/2016 1,857 9 $489,373 $ $499,727 $ SOLD DET 2027 Madrone Lane VISTA (92084) 4 4 5/27/2016 2, $495,067 $ $498,227 $ SOLD DET 2030 Stargazer Lane VISTA (92084) 4 4 5/27/2016 2, $499,481 $ $499,421 $ Avg $488,171 $ $491,763 $ Min $452,900 $ $458,395 $ Max $509,900 $ $509,000 $ Med $489,900 $ $493,047 $

11 SELLER S PREFERRED OFFER GUIDELINES OFFERING GUIDELINES PRICE: BID DUE DATE: DEPOSIT: Property A - $ 1,966,000 & Property B - $3,200,000 (Properties can be purchased separately or together) Offers shall be delivered on or before 5:00 p.m. PDT, Thursday, November 17, 2016 to: Al Apuzzo / Matt Weaver c/o Lee & Associates 1900 Wright Place, Suite 200 Carlsbad, CA / Upon mutual execution of a purchase and sale agreement, the Buyer shall deposit 5% of the purchase price to open the escrow. Upon the successful completion of the Due Diligence period, the deposit shall then become non-refundable, be immediately released to the Seller, and shall remain applicable to the purchase price at closing. DUE DILIGENCE: Buyer shall have forty-five (45) days from the Effective Date of the purchase and sale agreement to perform all Due Diligence and whatever studies it may desire on the Property, including, but not limited to, market, engineering, and environmental studies, verification of zoning, inclusionary housing requirements, tax rates, clear title, etc. CLOSE OF ESCROW: Close of escrow shall be fifteen (15) days after completion of Buyer s Due Diligence. SELLER FINANCING: Sellers would prefer an all cash transaction, but will consider Seller Financing with 15-20% down payment. AS-IS: The Property is sold as is, where is. Seller makes no representations or warranties whatsoever relative to the Property, including, but not limited to, those regarding the suitability of the Property for any particular use; the condition of the Property; the presence or absence of hazardous materials; geologic, soil, or hydrologic conditions; etc. 11

12 For More Information, Please Contact: CA Lic# CA Lic#