FOR SALE LAND WINDS CHANT, A SENIOR HOUSING DEVELOPMENT SITE 57XX N US Hwy 1 Palm Coast, FL 32137 PRESENTED BY: CHRIS BUTERA Principal 386.301.4584 chris.butera@svn.com FL #SL3083110 PROPERTY HIGHLIGHTS Winds Chant, a master planned senior housing development site in Palm Coast, FL (Flagler County) Up to 8 development lots available for ALF (138 Units), senior apartments (180 Units), independent living (150 Units), medical/retail outparcels Lots can be subdivided and developed individually Opportunity to bring a Continuing Care Retirement Community to the market All zoning is in place to allow immediate development Lots can be delivered fully engineered Exceptional location along US Hwy 1, just south of Palm Coast Parkway Huge demand for senior housing of all types in Flagler County
DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
TABLE OF CONTENTS 1. PROPERTY INFORMATION 4 Executive Summary 5 Property Highlights 6 Site Plan 7 Pricing Overview 8 2. LOCATION INFORMATION 9 Location Map 10 Satellite Map 11 Regional Map 12 City Information 13 3. LOT DETAILS 14 Birds Eye Conceptual 15 Lot 6 - Senior Apartments (180 Units) 16 Lot 7 - ALF/Memory Care (138 Units) 17 Lot 8 - Independent Living (150 Units) 18 4. DEMOGRAPHICS 19 Demographics Map 20 Demographics Report 21 5. ADVISOR BIOS 22 Advisor Bio & Contact 23
1 PROPERTY INFORMATION
SECTION 1 PROPERTY INFORMATION Executive Summary SALE OVERVIEWVIEW SALE PRICES: PROPERTY DESCRIPTION Winds Chant is a 50 acre senior housing development site in Palm Coast, FL (Flagler County). It represents an incredible opportunity to bring a variety of senior $500,000 - $3,000,000housing options to an underserved market. The 50 acre site has been master (See Pricing Overview) planned to include Assisted Living/Memory Care (138 Units), Independent Living (150 Units), Senior Apartments (180 Units) and five outparcels for various medical and retail related services. PARCELS AVAILABLE: Up To 8 Parcels Winds Chant can be sold in bulk or subdivided into the 8 planned lots. The development program allows flexibility to suit a developers needs. Each lot has been designed to provide a key component of the senior living experience. TOTAL PROJECT SIZE: 50 Acres The site is located on US Hwy 1, just 0.5 miles south of Palm Coast Parkway (the primary east-west thoroughfare in Flagler County). Visibility is tremendous with over 2,000 feet of frontage along US Hwy 1. Winds Chant has the potential to be the premier senior housing development in all of Flagler County. APN #: 15-11-30-0000-01010-0000 ZONING: MFR-2, COM-2 (City Of Palm Coast) Winds Chant offers the opportunity for a developer to phase the project while continuing to program and design the aesthetics, services and amenities across the entire 50 acres. Contract broker for more details including programming, plans and amenities. 5
SECTION 1 PROPERTY INFORMATION Property Highlights PROPERTY HIGHLIGHTS Winds Chant, a master planned senior housing development site in Palm Coast, FL (Flagler County) Up to 8 development lots available for ALF (138 Units), senior apartments (180 Units), independent living (150 Units), medical/retail outparcels Lots can be subdivided and developed individually Opportunity to bring a Continuing Care Retirement Community to the market All zoning is in place to allow immediate development All utilities are available to site Lots can be delivered fully engineered Exceptional location along US Hwy 1, just south of Palm Coast Parkway Huge demand for senior housing of all types in Flagler County 6
SECTION 1 PROPERTY INFORMATION Site Plan 7
SECTION 1 PROPERTY INFORMATION Pricing Overview Lot t # Size (AC) Zoning Sale Price Statustus Description 1 1.5 COM-2 $500,000 Available Medical/Retail Outparcel 2 1.29 COM-2 $500,000 Available Medical/Retail Outparcel 3 1.36 COM-2 $500,000 Available Medical/Retail Outparcel 4 1.0 COM-2 $500,000 Available Medical/Retail Outparcel 5 1.0 COM-2 $500,000 Available Medical/Retail Outparcel 6 8.0 MFR-2 $2,500,000 Available Senior Apartments, 180 Units 7 5.0 MFR-2 $2,500,000 Available Assisted Living, 138 Units 8 10.0 MFR-2 $3,000,000 Available Independent Living, 150 Units 8
2 LOCATION INFORMATION
SECTION 2 LOCATION INFORMATION Location Map LOC OCA ATION DESCRIPTION West side of US Hwy 1, 0.5 miles south of Palm Coast Pkwy 10
SECTION 2 LOCATION INFORMATION Satellite Map 11
SECTION 2 LOCATION INFORMATION Regional Map 57XX N US Hwy 1 12
SECTION 2 LOCATION INFORMATION City Information Palm Coast, FL Palm Coast is ideally situated along the Atlantic between St. Augustine and Daytona Beach, each just 30 minutes away. Orlando and Jacksonville can be reached in one hour. Unlike parts of Florida further south which are populated during the winter months by snow birds, the majority of Palm Coast's residents are full time. Palm Coast's population is currently above 80,000 residents and continues to grow. City Highlights One of Florida's newest cities (Incorporated 1999) and the most populous city in Flagler County Conceived in 1969 by the ITT Corporation as a massive retirement community, Palm Coast really hit its stride during the 2000's. Its population exploded during that decade fueling tremendous residential and commercial growth. During the boom times Palm Coast and Flagler County were recognized as the fastest growing area in the entire United States. This region remains one of the last frontiers of development in Florida, with prices well below other coastal parts of the state. The opportunity for tremendous upside is here. Situated on 70 miles of saltwater and freshwater canals Just minutes from the pristine Atlantic Ocean beaches and Intracoastal waterway While Palm Coast is seeing an influx of younger families, its base remains primarily retirees. Limited senior housing options exist in the market today providing a wonderful opportunity for developers. City amenities include parks and trails, 125 miles of walking/bicycling paths, abundant fishing and boating, world class golf Flagler County was the fastest growing County in the United States from 2004-2007 Part of the Deltona-Daytona Beach-Ormond Beach MSA 13
3 LOT DETAILS
SECTION 3 LOT DETAILS Birds Eye Conceptual 15
SECTION 3 LOT DETAILS Lot 6 - Senior Apartments (180 Units) 16
SECTION 3 LOT DETAILS Lot 7 - ALF/Memory Care (138 Units) 17
SECTION 3 LOT DETAILS Lot 8 - Independent Living (150 Units) 18
4 DEMOGRAPHICS
SECTION 4 DEMOGRAPHICS Demographics Map POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 2,059 52,398 87,497 MEDIAN AGE 42.6 46.1 46.3 MEDIAN AGE (MALE) 42.8 45.0 45.4 MEDIAN AGE (FEMALE) 42.7 46.8 46.8 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 798 20,239 33,963 # OF PERSONS PER HH 2.6 2.6 2.6 AVERAGE HH INCOME $54,179 $55,037 $59,215 AVERAGE HOUSE VALUE $225,812 $261,088 $304,292 20
SECTION 4 DEMOGRAPHICS Demographics Report 1 MILE 5 MILES 10 MILES Total households 798 20,239 33,963 Total persons per hh 2.6 2.6 2.6 Average hh income $54,179 $55,037 $59,215 Average house value $225,812 $261,088 $304,292 1 MILE 5 MILES 10 MILES Total population 2,059 52,398 87,497 Median age 42.6 46.1 46.3 Median age (male) 42.8 45.0 45.4 Median age (female) 42.7 46.8 46.8 * Demographic data derived from 2010 US Census 21
5 ADVISOR BIOS
SECTION 5 ADVISOR BIOS Advisor Bio & Contact Chris Butera Principal SVN Alliance Commercial Real Estate Advisors Chris Butera is a Principal with SVN Alliance. Chris specializes in the packaging and sale of land/development sites, off market acquisitions, retail and investment properties. During a real estate career that spans more than 15 years, Chris has been involved in numerous developments/acquisitions across Central Florida including oceanfront condominiums, residential subdivisions, retail shopping centers and office buildings. He has a deep knowledge of the entitlement and development process. Memberships & Affiliations International Council of Shopping Centers Volusia Building Industry Association (Board of Directors) Ormond Beach Chamber of Commerce (2014 President) FL #SL3083110 Phone: 386.301.4584 Prior to starting SVN Alliance, Chris was a Vice President with NAI Realvest in Orlando. He was also a Senior Vice President with IBIS Development specializing in off-market retail acquisitions for a select group of high net-worth clients. Prior to that he was involved as a principal or consultant with multiple land development projects across Volusia and Flagler Counties. Chris has worked as a broker, developer and consultant and is able to manage all three disciplines for the benefit of his clients and projects. He remains active with ICSC and is on the Board of Directors for the Volusia Building Industry Association. Butera resides in Ormond Beach, FL with his wife and two young children. Fax: 386.206.1735 Cell: 386.453.4789 Email: chris.butera@svn.com Address: 1275 West Granada Boulevard Suite 5B Ormond Beach, FL 32174 23