STATE STREET RAMONA EXPRESSWAY LAS COLINAS 96.8 ACRES RESIDENTIAL LAND AVAILABLE FOR SALE
LAS COLINAS 1. EXECUTIVE SUMMARY 2. PROPERTY INFORMATION TABLE OF CONTENTS 3. LOCATION INFORMATION 4. CONTACT INFORMATION 2 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
1EXECUTIVE SUMMARY
LAS COLINAS EXECUTIVE SUMMARY Las Colinas of San Jacinto is an approved Tentative Tract Map 32376 for 337 single family detached lots in the City of San Jacinto, California. Las Colinas of San Jacinto is a completely flat site with all offsite improvements completed. Engineering is complete for the site and final maps are ready to record. The property is located along the Ramona Expressway, a major thoroughfare connecting the I-215 Freeway, Perris, Hemet, and San Jacinto. The property is just east of State Street (Highway 79) and Sanderson Avenue, offering easy access to the I-10 Freeway and the Beaumont and Banning area. The City of San Jacinto is a fast growing area with several new commercial developments and master planned communities. The area offers affordable housing to families and seniors with home prices starting in the mid $200,000 s. Developers in the area include KB Homes, DR Horton s Express Homes, K. Hovnanian, Frontier Communities and DCI Homes. 4 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
2PROPERTY OVERVIEW
LAS COLINAS PROPERTY DETAILS LOCATION: The subject property is located on the W. Ramona Expressway just east of State Street in the City of San Jacinto in Riverside County, California. JURISDICTION: City of San Jacinto PURCHASE PRICE: $4,381,000 $45,258 per acre $13,000 per lot SIZE: 96.8 acres PROPERTY HIGHLIGHTS 337 lots with approved TTM 32376 15 minute drive to I-10 freeway Frontage on a major thoroughfare Located along Ramona Expressway with easy access to the 1-215 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 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
SITE PLAN PROPERTY INFORMATION 7
LAS COLINAS N STATE STREET W RAMONA EXPRESSWAY 8 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
ZONING INFORMATION The site is 96.8 acres with approved TTM 32376 for 337 lots. Final engineering is complete and the property is ready to record. PROPERTY INFORMATION 9
LAS COLINAS PARCEL MAP 10 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
DEVELOPMENT IMPACT FEES Item Amount/Unit Signalization Improvement $133.91 Water Capital Improvement $2,930.00 Sewer Connection $200.00 Fire Mitigation $577.00 Car Pool Mitigation $90.00 Administration $20.00 Police Facilities $198.00 Fire Facilities $212.00 Park Facilities $598.00 Park Land Acquisition $1,131.00 Park Land Improvement $1,290.00 Community Amenities $630.00 Goverment Services Facilities $408.00 Streets and Roads $1,468.00 Bikeways $49.00 Traffic Signals $256.00 Total Per Unit $10,190.91 PROPERTY INFORMATION 11
LAS COLINAS 12 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
3LOCATION OVERVIEW
LAS COLINAS STATE STREET RAMONA EXPRESSWAY 14 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
SITE Prices Range from $256,990 - $309,990 S S A N D E R S O N AV E N U E N R A M O N A B O U LE VA R RAMO D NA EX PR E SS AY W Prices Range from $267,490 - $299,999 Prices Range from $275,990 - $279,990 STATE STREET WARREN STREET COTTONWOOD AVENUE MAIN STREET W ESPLANADE AVENUE SAN JACINTO AVENUE F L O R I D A AV E N U E PROPERTY INFORMATION 15
LAS COLINAS DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 2021 Projection 6,663 48,102 127,732 2016 Estimate 6,277 45,403 121,429 2010 Census 5,967 42,435 114,525 Growth 2016-2021 1.20% 1.16% 1.02% Households 2021 Projection 2,137 14,174 42,009 2016 Estimate 2,032 13,500 40,314 2010 Census 1,961 12,918 38,934 Growth 2016-2021 1.01% 0.98% 0.83% 2016 Est. Population by Single-Classification Race White Alone 3,665 25,302 73,979 Black Alone 314 2,808 7,473 American Indian Alone 109 800 2,472 Asian Alone 98 1,233 3,144 Pacific Islander Alone 35 133 333 Some Other Race Alone 1,714 12,451 27,001 Two or More Races 343 2,678 7,027 Hispanic Origin (Any Race) 3,456 25,281 57,817 2016 Average Household Income $56,709 $58,449 $55,565 16 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
RIVERSIDE COUNTY DEMOGRAPHICS CENSUS 2010 SUMMARY Population 2,189,641 Households 686,260 Median Age 33.7 2015 SUMMARY Population 2,302,403 Households 716,787 Median Age 34.2 Median Household Income $54,991 Average Household Income $75,849 2020 SUMMARY Population 2,435,985 Households 754,636 Median Age 34.8 Median Household Income $63,928 Average Household Income $86,865 TRENDS: 2015-2020 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. LOCATION INFORMATION 17
LAS COLINAS Ironwood Avenue Beaumont Alessandro Boulevard Moreno Valley N. Perris Boulevard Gilman Springs Road 10 minutes to the I-10 freeway Perris Ramona Expressway Nuevo Road Juniper Flats Road Warren Street N Sanderson Avenue Florida Avenue San Jacinto Esplanade Avenue State Street Stetson Avenue Hemet Canyon Lake Menifee Domenigoni Parkway 18 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583 Winchester Road
4CONTACT INFORMATION
LAS COLINAS BRANDON SUDWEEKS SUDWEEKS DEVELOPMENT AND INVESTMENT COMPANY LLC ONE BETTERWORLD CIRCLE SUITE 301 TEMECULA, CA 92590 PHONE: 951 200 7683 FAX: 951 239 3147 BRANDONS@ CBCSOCALGROUP.COM CALBRE LICENSE: 01435174 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 2016 - Moderator - Developing San Diego Power Panel Coldwell Banker Commercial Global Conference 2016 - 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, 2015-2016 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 20 RAMONA EXPRESSWAY SAN JACINTO CALIFORNIA 92583
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 32823 TEMECULA PARKWAY SUITE A TEMECULA, CA 92592 PHONE: (951) 313-5309 CALBRE LICENCE: 00707072 CONTACT INFORMATION 21
Brandon Sudweeks PRESIDENT 951.442.3763 brandons@cbcsocalgroup.com CalBRE # 01435174 Ted Hillock 951.313.5309 CalBRE # 00707072 COLDWELL BANKER COMMERCIAL SC ONE BETTERWORLD CIRCLE, SUITE 301 TEMECULA, CA 92590 (951) 200-7683 CBCSOCALGROUP.COM