FOR SALE Alliant Educational Foundation

Size: px

Start display at page:

Download "FOR SALE Alliant Educational Foundation"

Carmel Craig
6 years ago
Views:

1 FOR SALE Alliant Educational Foundation SUBJECT PROPERTY POMERADO RD San Diego, CA Avenue of Nations

LOCATION Centrally located in the geographic center of San Diego s population, just one mile east of Interstate 15, in the upscale community of Scripps Ranch.

2 LOCATION Centrally located in the geographic center of San Diego s population, just one mile east of Interstate 15, in the upscale community of Scripps Ranch. The site is situated with open space to the south, owned by University of California and the Federal Government, (Marine Corps Air Station Miramar), and a retirement community and a Jewish synagogue and K-8 school to the east. To the north of the subject is military housing with market rate housing beyond, while the western boundary is occupied by the Marshall Middle School. CONDITIONAL USE PERMIT CUP 133-PC, related amendments: Provides for the operation of a University Original CUP provided for 6,000 full time equivalent students in addition to the faculty and staff, which has been reduced to 4,650 through adjacent land sales Building coverage shall not exceed 15% of the site, presently estimated at 7.5% Access roads from Pomerado shall not exceed four in number Sale of premises will not impact operations of current tenant, Alliant International University ZONING RS-1-8, Residential. This land use designation requires 40,000 square foot lots. Educational uses are permitted though a conditional use permit (CUP) is required. The Scripps Miramar Ranch Community Plan defines the potential uses for land within its boundaries. Per the Community Plan, the subject site is designated as 6 or University campus (USIU) per the land use plan. IMPROVEMENTS The University is improved with approximately 232,759 square feet of building improvements SIZE Per assessor s records, the property consists of two parcels, APN s & totaling ±71.39 acres (45.60 net usable) PRICE $50,000,000

3 1 Existing developed area ±42.1 AC 2 Potential developable pad area ±3.5 AC PARCEL OUTLINE 3 Potential developable pad area(significant grading invironment) ±11.1 AC Avenue of Nations

4 DOWNTOWN SAN DIEGO PACIFIC OCEAN UC SAN DIEGO MIRAMAR MIRA MESA 15 SUBJECT PROPERTY Avenue of Nations Pomerado Rd Row

5 LIBRARY STUDENT HOUSING

6 Bid Process/Suggested Terms All offers submitted for the proposed sale of the Alliant Educational Foundation should be in writing and accompanied by background information on the buyer. The property is being offered on an all-cash closing. The Buyer should distinguish itself by addressing the following: PRICE Stipulate total price Evidence of funds OFFER STRUCTURE Unentitled or entitled PROPOSED USE OF SITE List proposed use Provide conceptual plan DEPOSITS A significant initial deposit will be required upon execution of the Purchase and Sale Agreement Indicate timing and amounts of additional deposits TITLE & ESCROW First American Title Insurance Company CONTINGENCIES/ CONDITIONS TO CLOSING Indicate all buyer contingencies and length of contingency period Specify all conditions necessary to trigger closing If offering on an entitled basis, provide a projected entitlement timeline with major requirements The Alliant University, under their leasehold interest, has possessory rights through December ESCROW CLOSING DATE Specify for all scenarios

FOR SALE. ± 29,706 SF Flex/R&D Building. 6% Cap Net Leased Investment Opportunity Top Gun Street San Diego, CA 92121

FOR SALE. ± 29,706 SF Flex/R&D Building. 6% Cap Net Leased Investment Opportunity Top Gun Street San Diego, CA 92121 FOR SALE 6% Cap Net Leased Investment Opportunity ± 29,706 SF Flex/R&D Building 6740 San Diego, CA 92121 BRENT BOHLKEN Senior Managing Director 858.875.3616 bbohlken@ngkf.com CA RE License #01022607 PAUL