1.14 NET ACRES - GRADED COMMERCIAL PAD

Transcription

1 1.14 NET ACRES - GRADED COMMERCIAL PAD SALE PRICE: $1,200,000 San Diego County Sheriff s Dept. Superior Court North County S. Melrose C-1 Zoning (Commercial) Rough Graded Pad 3.47 Acres Gross (Net can be Expanded) City Desires Active Use 33,000 ADT Dr Vista Adult School Su ns et D r Breeze Hill Elementary School SUBJECT PROPERTY Oak Riparian Park Madison Middle School Lake Elementary School on ann C Dr

2 PAGE CONTENT 3 AERIAL 4 LOCATION MAP 5 PROPERTY INFO 6 PLAT MAP 7 AS-BUILT PAD 8 SEWER LINE MAP 9 SALE COMPARABLES 10 LEASE COMPARABLES 13 DEMOGRAPHICS 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. 2

3 AERIAL S. Melrose Dr SUBJECT PROPERTY 3

4 CAMP PENDLETON FALLBROOK PALOMAR MOUNTAIN LOCATION MAP OCEANSIDE VISTA CARLSBAD SUBJECT PROPERTY PALOMAR AIRPORT SAN MARCOS ESCONDIDO ENCINITAS 78 N SOLANA BEACH DEL MAR POWAY SAN DIEGO COUTNRY ESTATES MELROSE DR CIVIC CENTER DR SUNSET DR SUBJECT PROPERTY CANNON RD 4

5 PROPERTY INFO PROPERTY FEATURES LOCATION: JURISDICTION: The property is located at the east side of S. Melrose Drive, just north of Cannon Road in the City of Vista, County of San Diego. Positioned less than 1 mile south of Highway 78, this site is ideally suited for commercial development on one of Vista s busiest roads. With excellent accessibility and street visibility, this site presents developers, builders, and investors with tremendous retail or commercial development opportunity. City of Vista APN: ACREAGE: PROJECT STATUS: TOPOGRAPHY: TRAFFIC COUNTS: 3.47 Gross Acres (1.14 Net) Rough Graded Flat S. Melrose Dr - 33,00 ADT; Cannon Rd. - 12,000 ADT CLICK LINKS BELOW TO VIEW DOCUMENTS C-1 ZONING & DEVELOPMENT STANDARDS ZONING: C-1 (Commercial) MAX FAR: 1.0 MAX HEIGHT: 35 SERVICES Water/Sewer Vallecitos Water District Electricity/Natural Gas SDG&E Fire Vista Fire Dept. Police SD County Sheriff s Dept. SCHOOL DISTRICT: Vista Unified School District SALE PRICE: $1,200,000 LIMITED GEOTECHNICAL REPORT GEOTECHNICAL REVIEW AS-BUILT PAD SEWER MAP GRADING & COMPACTION COMPLETION NOTICE TITLE REPORT 5

6 PARCEL MAP 6

7 AS-BUILT PAD 7

8 1.14 NET ACRES - GRADED COMMERCIAL PAD SEWER LINE MAP! ( N 350! ( SITE S 370 L! ( EX. MANHOLE RIM 338 +/IE 329 +/DROP MANHOLE EX. MANHOLE RIM 353 +/IE 327 +/- R LEGEND CP "R 96 AIN R NG D TI M IS R EX STO 360! ( 400 S MELROSE D 420 REQUIRED PUBLIC SEWER EXTENSION APPROX. 200 FT. EXISTING PUBLIC SEWER S L PRIVATE SEWER LATERAL 6" MIN. Contours shown on SITE are not representative of existing conditions. 8

9 1 999 Escondido Ave - Office/Retail Development Opportunity SOLD S Melrose Dr - Future Melrose Commercial Center SOLD Vista, CA San Diego County Oceanside, CA San Diego County SALE COMPARABLES Recorded Buyer: Bama Asset LLC Recorded Seller: James A Meredith Trust 519 Pine Ave Carlsbad, CA Starview Dr Vista, CA Buyer Contact: Bama Asset LLC True Seller: (760) James A Meredith Trust Sale Date: 01/25/2016 Land Area: 0.50 AC (21,780 SF) Sale Price: $600,000 - Confirmed Lot Dimensions: - $/AC Land Gross: $1,200, ($27.55/SF) Proposed Use: Commercial... Density: Topography: - Level Parcel No: Financing: Down payment of $600,000 (100.0%) Comp ID: Research Status: Confirmed Zoning: Sale Conditions: C 1031 Exchange Recorded Buyer: Centillion Ventures LLC Recorded Seller: Edward & Lamis O'Son Trust Golden Lantern St Dana Point, CA Mount Whitney Way Yorba Linda, CA True Buyer: Eric Tippetts True Seller: (714) Edward & Lamis O'Son Trust Sale Date: 12/08/2015 Land Area: 1.50 AC (65,340 SF) Sale Price: $3,800,000 - Confirmed Lot Dimensions: - $/AC Land Gross: $2,533, ($58.16/SF) Proposed Use: Retail Density: Topography: - Level Parcel No: Financing: Down payment of $3,800,000 (100.0%) Comp ID: Research Status: Confirmed Zoning: Sale Conditions: GPBD, Oceanside 1031 Exchange Map Page: Thomas Bros. Guide 1107-G Hacienda Dr E SOLD S Santa Fe Ave - Retail/Commercial Development SOLD Vista, CA San Diego County Vista, CA San Diego County Recorded Buyer: Joy S Ehrenfeld Recorded Seller: Shadle Family Trust 352 Hidden Lake Ln Vista, CA Recorded Buyer: Providence Props Group Llc Recorded Seller: John E & B J Odell Trust (760) True Seller: John E & B J Odell Trust Recorded Buyer: Thomas Shadle Recorded Seller: Hidden Lake Ln Vista, CA True Buyer: Joy S Ehrenfeld True Seller: Shadle Family Trust 352 Hidden Lake Ln Vista, CA Joy Ehrenfeld Thomas Shadle Sale Date: 05/21/2015 (2039 days on mkt) Land Area: 0.41 AC (17,860 SF) Sale Price: $510,000 - Confirmed Lot Dimensions: - $/AC Land Gross: $1,232, ($28.29/SF) Proposed Use: Commercial... Density: Topography: - Level Parcel No: Financing: Down payment of $510,000 (100.0%) Comp ID: Research Status: Confirmed Zoning: Sale Conditions: C, Vista - Sale Date: 06/29/2015 Land Area: 2.40 AC (104,544 SF) Sale Price: $1,700,000 - Full Value Year Built/Age: - $/AC Land Gross: $708, ($16.26/SF) RBA: - Parcel No: , , , , Financing: Down payment of $1,700,000 (100.0%) Comp ID: Research Status: Full Value 9

10 Lease Comparables LEASE COMPARABLES 1 1,158 SF Retail Lease Signed Mar 2016 for $3.00 Triple Net (Asking) Marron Rd - 1st Floor Direct Oceanside, CA Oceanside Ret Submarket Asking Rent: $3.00/NNN Start Date: Mar 2016 Free Rent: Deal Type: New Lease Property Type: Retail Class B Starting Rent: Term: Escalations: On Market: 13 Mos Building Area: 67,031 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Partial Build Built/Renov: Sep 2004/ Position: In-Line Dock/Drive In: Parking Ratio: 5.00/1,000 SF Capital Growth Properties - Jill Morton Cerberus Real Estate Capital 2 1,213 SF Retail Lease Signed Feb 2016 for $1.79 Triple Net (Asking) 3910 Vista Way - 1st Floor Direct Oceanside, CA Oceanside Ret Submarket Asking Rent: $1.79/NNN Start Date: Mar 2016 Free Rent: Deal Type: New Lease Property Type: Retail Class B Starting Rent: Term: Escalations: On Market: 11 Mos Building Area: 26,025 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov: 1986/ Position: Dock/Drive In: Parking Ratio: 4.10/1,000 SF ID# Degu, Inc. - Rachel Walker Degu, Inc. ID# ,330 SF Retail Lease Signed Feb 2016 for $2.50 Triple Net (Asking) 4170 Oceanside Blvd - 1st Floor Direct, Leased by Cigarettes 4 Less Oceanside, CA Oceanside Ret Submarket Asking Rent: $2.50/NNN Start Date: Mar 2016 Free Rent: Deal Type: New Lease Property Type: Retail Class C Starting Rent: Term: Escalations: On Market: 8 Mos Building Area: 12,385 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Full Build-Out Built/Renov: Position: End Cap Dock/Drive In: Parking Ratio: 2.83/1,000 SF Lee & Associates - Stephen M. Willmore, CPM, Erik Faucett, Ashley Cosentino A & C Properties, Inc. ID#

11 Lease Comparables LEASE COMPARABLES SF Retail Lease Signed Oct 2015 for $1.65 Triple Net (Asking) Melrose Dr - 1st Floor Direct Vista, CA Vista Ret Submarket Asking Rent: $1.65/NNN Start Date: Oct 2015 Free Rent: Deal Type: New Lease Property Type: Retail Class C Starting Rent: Term: Escalations: On Market: 55 Mos Building Area: 18,885 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Full Build-Out Built/Renov: 1989/ Position: In-Line Dock/Drive In: Parking Ratio: 4.82/1,000 SF Aztec - Steve Hyndman Steve Hyndman SF Retail Lease Signed Oct 2015 for $1.65 Triple Net (Asking) Melrose Dr - 1st Floor Direct Vista, CA Vista Ret Submarket Asking Rent: $1.65/NNN Start Date: Oct 2015 Free Rent: Deal Type: New Lease Property Type: Retail Class C Starting Rent: Term: Escalations: On Market: 55 Mos Building Area: 18,885 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Full Build-Out Built/Renov: 1989/ Position: In-Line Dock/Drive In: Parking Ratio: 4.82/1,000 SF ID# Aztec - Steve Hyndman Steve Hyndman ID# ,200 SF Retail Lease Signed Sep 2015 for $1.75 Triple Net (Asking) 1100 N Santa Fe Ave - 1st Floor Direct Vista, CA Vista Ret Submarket Asking Rent: $1.75/NNN Start Date: Oct 2015 Free Rent: Deal Type: New Lease Property Type: Retail Class C Starting Rent: Term: Escalations: On Market: 7 Mos Building Area: 14,630 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Partial Build Built/Renov: 1989/ Position: Dock/Drive In: Parking Ratio: 3.76/1,000 SF Centers Business Management - Barry Bussiere Vista Plaza Partnership ID#

12 Lease Comparables LEASE COMPARABLES 7 1,580 SF Retail Lease Signed Aug 2015 for $2.00 Triple Net (Asking) Hacienda Dr - 1st Floor Direct Vista, CA Vista Ret Submarket Asking Rent: $2.00/NNN Start Date: Sep 2015 Free Rent: Deal Type: New Lease Property Type: Retail Class C Starting Rent: Term: Escalations: On Market: 72 Mos Building Area: 136,672 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Full Build-Out Built/Renov: 1994/ Position: In-Line Dock/Drive In: Parking Ratio: 3.35/1,000 SF Lee & Associates - Randy C. Dalby Ridgeway Bradford Partnership 8 2,020 SF Retail Lease Signed Aug 2015 for $2.00 Triple Net (Asking) Hacienda Dr - 1st Floor Direct Vista, CA Vista Ret Submarket Asking Rent: $2.00/NNN Start Date: Sep 2015 Free Rent: Deal Type: New Lease Property Type: Retail Class C Starting Rent: Term: Escalations: On Market: 72 Mos Building Area: 136,672 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Full Build-Out Built/Renov: 1994/ Position: In-Line Dock/Drive In: Parking Ratio: 3.35/1,000 SF ID# Lee & Associates - Randy C. Dalby Ridgeway Bradford Partnership ID# ,002 SF Retail Lease Signed Jul 2015 for $2.22 Triple Net (Effective) S Melrose Dr - 1st Floor Direct, Leased by Phenix Salon Suites Vista, CA Vista Ret Submarket Asking Rent: $2.25/NNN Start Date: Feb 2016 Free Rent: 5 Mos at Start Deal Type: New Lease Property Type: Retail Class B Starting Rent: $2.00/NNN Term: 10 Years Escalations: Steps On Market: 91 Mos Building Area: 123,150 SF Effective Rent: $2.22/NNN Exp. Date: Feb 2026 TI Allowance: $56.00/SF Build-Out: Full Build-Out Built/Renov: 1990/ Position: In-Line Dock/Drive In: Parking Ratio: 3.97/1,000 SF Kimco Realty Corporation - Kim Cooper Newmark Grubb Knight Frank - Randee Stratton Kimco Realty Corporation ID#

13 1305 S Melrose Dr Vista, CA 1 mi radius 3 mi radius 5 mi radius RS1 DEMOGRAPHICS POPULATION HOUSEHOLDS RACE AND ETHNICITY 2016 Estimated Population 14, , , Projected Population 15, , , Census Population 13, , , Census Population 13, , ,711 Projected Annual Growth 2016 to % 1.3% 1.3% Historical Annual Growth 2000 to % 0.8% 1.4% 2016 Median Age Estimated Households 5,289 39,744 94, Projected Households 5,570 41,914 99, Census Households 5,105 37,639 89, Census Households 5,191 35,759 79,139 Projected Annual Growth 2016 to % 1.1% 1.1% Historical Annual Growth 2000 to % 0.7% 1.2% 2016 Estimated White 74.9% 64.8% 67.3% 2016 Estimated Black or African American 3.2% 3.4% 3.4% 2016 Estimated Asian or Pacific Islander 8.7% 6.5% 7.7% 2016 Estimated American Indian or Native Alaskan 0.4% 0.9% 0.8% 2016 Estimated Other Races 12.9% 24.4% 20.8% 2016 Estimated Hispanic 20.1% 42.5% 35.6% INCOME EDUCATION (AGE 25+) BUSINESS 2016 Estimated Average Household Income $86,532 $72,332 $82, Estimated Median Household Income $72,775 $63,020 $70, Estimated Per Capita Income $32,362 $23,828 $28, Estimated Elementary (Grade Level 0 to 8) 2.3% 10.2% 8.2% 2016 Estimated Some High School (Grade Level 9 to 11) 2.7% 7.0% 6.0% 2016 Estimated High School Graduate 12.6% 22.0% 19.5% 2016 Estimated Some College 18.4% 20.8% 21.3% 2016 Estimated Associates Degree Only 18.3% 13.5% 12.2% 2016 Estimated Bachelors Degree Only 31.3% 17.9% 21.6% 2016 Estimated Graduate Degree 14.2% 8.7% 11.2% 2016 Estimated Total Businesses 321 5,348 12, Estimated Total Employees 2,273 58, , Estimated Employee Population per Business Estimated Residential Population per Business

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