ELEVATION A ELEVATION B - lee-associates.com

FOR ADDITIONAL INFORMATION:

Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MOTTE TOWN CENTER - ENTITLED RETAIL POWER CENTER LANDSEC INTERSTATE 215 & ETHANAC RD - PERRIS, CA

FOR SALE: $20,220,000 ($8.45/sf)• Approximately 54.9 Acres of I-215 Frontage• Approved 484,000 SF Retail Power Center• 74,000 ADT Counts on I-215

MATT [email protected]

AL [email protected]

MICHAEL W. STRODE, CCIM, [email protected]

GORDON [email protected]

CalBRE Lic# 00798900CalBRE Lic# 01323215CalBRE Lic# 01367183 CalBRE Lic# 01275376

APRIL 27, 2007

TOWNE CENTERTOWNE CENTERRIVERSIDE, CALIFORNIA 0513.1281.01

KKE architects. Inc 525 E. Colorado Boulevard, 4th Floor; Pasadena, CA 91101 t: 626.796.8230 f: 626.796.8735

SHOPS ELEVATIONS

0’

4’

8’

16’

ELEVATION B

ELEVATION A

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3 PROPERTY INFORMATION

5 AERIALS

8 LOCATION MAP

9 PLAT MAP

10 TENTATIVE PARCEL MAP

12 DEVELOPMENT PLAN

13 SITE PLAN

14 ELEVATIONS

16 DEMOGRAPHICS

18 DUE DILIGENCE LINKS

PAGE CONTENT

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.

Trumble Rd

Encanto DrEthanac Rd

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Project Name: Motte Town CenterLocation:

Jurisdiction: City of PerrisAPNs: 331-100-01 331-100-02 331-100-11 331-100-12 331-100-13 331-100-17 331-100-19 331-100-21 331-100-24 331-100-27 331-100-28 331-100-29 331-100-30 331-100-31 331-100-32Acreage: Approximately 54.9 Gross Acres (49.9 Net Acres)Zoning: CC - Community CommercialTopography: FlatProposed Use: Retail Power CenterProject Status: Approved Tentative Map #34999, Environmental Impact Report and Development Plan on May 31, 2008. The development agreement with the City of Perris expires in late 2017, but will be renewed/extended soon.BuildingArea: 19 building units in 484,000 total square feet with a 221,500 square foot anchor locationParking: 5.4|1,000 SF (2,632 Stalls)HighwayFrontage: Approximately 2,200 feet on Interstate 215TrafficCounts: Interstate 215 - 74,000 ADT Ethanac Road – 9,000 ADT (Ethanac Rd will be a future 6-lane thoroughfare from Hwy 74 to I-15 as part of the CETAP corridor in Riverside County’s General Plan.)Services: Water/Sewer – Eastern Municipal Water District Electric – Southern California Edison Company Gas – Southern California Gas Company Fire – City of Perris Fire Police – Perris City Police Department

School District: Perris Union High School District Perris Elementary School District Val Verde Unified School District

The site is located at the southeast corner of Ethanac Road and Interstate 215 in the City of Perris, County of Riverside, CA. With Interstate 215 and northbound exit ramp frontage, the property is positioned for significant retail developmental upside.

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Project History/Status: On May 31, 2008, the City of Perris approved (i) Tentative Parcel Map No. 34999 to divide the property into 4 parcels, (ii) an Environmental Impact Report, and (iii) a Development Plan for a 484,000 square foot retail center with 19 commercial buildings consisting of both retail and restaurant uses. Seven major tenant spaces with the largest anchor totaling 221,500 square feet and 92,650 square feet in 9 pad buildings.

CompetitiveProjects

Location:

Anchors:

Size:

Age:

Distance:

Vacancy:

NewHousingProjects Units: Nearly 121,000 units in some stage of development within the trade area. Builders: Standard Pacific, Woodside, Rancon, Century America, Centex, D.R. Horton, Granite, Beazer, Capital Pacific, KB Homes, Pacific Communities, Pardee, Pulte, Benchmark Pacific, Pacific Communities, John Lange Homes

Homeland/RomolandMasterDevelopment: This $80 Million project currently under construction is bringing the entire area out of a flood zone and will now allow for the development of an additional 92,000 homes in the trade area.Trade Area PopulationGrowth: 2013 - 107,346 | 2015 - 117,239 | At Buildout - 236,917

Metrolink: The Perris Valley Line Extension is under construction with expected completion in late 2015. The South Perris station will open at the NWQ of Ethanac Rd and Interstate 215, short walking distance from the site. (www.perrisvalleyline.info)

CaltransR.O.W: A portion of right of way on Encanto has been approved to be vacated and will eventually be purchased by Caltrans for their right of way needs from the new owner.

PerrisCrossing

NWQ I-215 & Ethanac RdPerris

Home Depot, Winco Foods316,000 Sq. Ft.

7 Years

.2 Miles NW1.3% plus Pads

MenifeeCountrysideMarketplace

I-215 & Newport RdMenifee

Lowe’s, Target, Kohl’s719,000 Sq. Ft.

5 Years

4 Miles South0.70%

TheVenue

I-215 & RedlandsPerris

Super Target, Movie Theater700,000 Sq. Ft.

Proposed

3.5 Miles NW1.3% plus Pads

TheJunctionatMenifee

NWC Scott & HaunMenifee

Super Walmart528,000 Sq. Ft.

Approved-April 2014

7 Miles SouthN/A

OrchardatStoneCreek

I-215 & Clinton Keith RdMurrieta

Super Target, Dixieline460,000 Sq. Ft.Phase I -5 Years

Phase II - Proposed10 Miles South

0% (Phase I)

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AER

IALS

Subject Property

Trumble Rd

Perris Reservoir

PERRISCase Rd

Ethanac Rd

McLaughlin Rd

Classic PacificBusiness Park

Eastern MunicipalWater District

Enca

nto

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AER

IALS

AER

IALS

Ethanac Rd

Trum

ble

RdMcLaughlin Rd

McCall Blvd

Ethanac Rd

MENIFEE Sun CityShopping Center

Menifee Town CenterShopping Center

Encanto Dr

Bradley Rd

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AER

IALS

Case Rd

Subject Property

Sun CityShopping Center

WinCoHome Depot

Shopping Center

McCall Blvd

Standard Pacific98 S.F. Units



Rancon271 S.F. Units

Century American108 S.F. Units

Menifee Subdivision221 Apts

Fidelity Family Holdings178 Apts

K. Hovnanian1,501 S.F. Units

Lohr & Assoc173 S.F. Units


Brookfield562 S.F. Units

Brookfield732 S.F. Units

Lansing200 S.F. Units

Ashby Financial762 S.F. UnitsMR 56 - 57 S.F.Units

MR 27 - 172 S.F. Units

MR 27173 Apts

Pacific Communities124 S.F. Units

Fiesta Devel.219 S.F. Units

MCR Inv/Fiesta Devel.132 S.F. Units

MCR Inv/Fiesta Devel.154 S.F. Units

Tentative Map Approval

Final Map Approval

Under Construction


Menifee R

d

AshbyFinancial

573 S.F. Units

Newport Rd

Benchmark Pacific702 S.F. Units

Romoland Ranch17 S.F. Units

John Laing Homes144 S.F. Units

StonegateDevelopment177 S.F. Units

WestcapHomebuilders79 S.F. Units

Green Valley4,210 Units

TM In ProcessEthanac Rd

KB Homes358 S.F. Units

Pepke152 S.F. Units

Westco Homes33 S.F. Units

Southern CalifLand Mgmt

65 S.F. Units

Corman Leight Communities56 S.F. Units

Artisan Communities157 S.F. Units

MS Land122 S.F. Units

Van Daele Homes782 S.F. Units


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LAKE MATTHEWS

HEMET

LAKE PERRIS

Mt. San JacintoState Park

SantiagoPeak

SAN JACINTOPERRIS

LAKE ELSINORE

Ethanac Rd

Trumble RdSUBJECT

PROPERTY

MENIFEE

SAN DIEGO COUTNRY ESTATES

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N

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Ethanac RdCase Rd

McLaughlin Rd

Encanto Rd

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APRIL 27, 2007

TOWNE CENTERTOWNE CENTERRIVERSIDE, CALIFORNIA 0513.1281.01

KKE architects. Inc 525 E. Colorado Boulevard, 4th Floor; Pasadena, CA 91101 t: 626.796.8230 f: 626.796.8735

SHOPS ELEVATIONS

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8’

16’

ELEVATION B

ELEVATION A

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Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography page 1 of 3©2014, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2014 Estimates with 2019 ProjectionsCalculated using Proportional Block Groups

Lat/Lon: 33.7430/-117.1848RGRAP3

Ethanac Rd1 mi radius 3 mi radius 5 mi radius

Menifee, CA 92585

PopulationEstimated Population (2014) 2,094 32,378 118,180Projected Population (2019) 2,254 34,862 127,256Census Population (2010) 1,986 30,684 111,990Census Population (2000) 1,227 20,802 70,522Projected Annual Growth (2014-2019) 159 1.5% 2,484 1.5% 9,077 1.5%Historical Annual Growth (2010-2014) 109 9.6% 1,694 8.1% 6,189 9.3%Historical Annual Growth (2000-2010) 759 6.2% 9,882 4.8% 41,469 5.9%

Estimated Population Density (2014) 667 psm 1,146 psm 1,505 psmTrade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi

Race and Ethnicity (2014)Not Hispanic or Latino Population 999 47.7% 19,536 60.3% 57,740 48.9%White 833 83.3% 16,172 82.8% 43,657 75.6%Black or African American 65 6.5% 1,580 8.1% 7,304 12.6%American Indian or Alaska Native 10 1.0% 142 0.7% 409 0.7%Asian 50 5.0% 941 4.8% 3,610 6.3%Hawaiian or Pacific Islander 11 1.1% 113 0.6% 378 0.7%Other Race - - 13 0.1% 33 0.1%Two or More Races 31 3.1% 575 2.9% 2,349 4.1%

Hispanic or Latino Population 1,095 52.3% 12,842 39.7% 60,440 51.1%White 451 41.2% 6,031 47.0% 28,154 46.6%Black or African American 8 0.7% 125 1.0% 945 1.6%American Indian or Alaska Native 14 1.3% 147 1.1% 660 1.1%Asian 4 0.4% 104 0.8% 337 0.6%Hispanic Hawaiian or Pacific Islander 2 0.2% 24 0.2% 75 0.1%Other Race 567 51.8% 5,688 44.3% 26,921 44.5%Two or More Races 48 4.4% 724 5.6% 3,349 5.5%


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GRAPHIC PROFILE2000-2010 Census, 2014 Estimates with 2019 ProjectionsCalculated using Proportional Block Groups

Lat/Lon: 33.7430/-117.1848RGRAP3


Menifee, CA 92585

Age Distribution (2014)Age Under 5 Years 148 7.1% 1,802 5.6% 8,935 7.6%

Age 5 to 9 Years 154 7.4% 1,826 5.6% 9,036 7.6%

Age 10 to 14 Years 143 6.8% 1,817 5.6% 9,027 7.6%

Age 15 to 19 Years 155 7.4% 1,839 5.7% 9,053 7.7%

Age 20 to 24 Years 149 7.1% 1,785 5.5% 8,324 7.0%

Age 25 to 29 Years 135 6.4% 1,675 5.2% 7,728 6.5%

Age 30 to 34 Years 118 5.6% 1,563 4.8% 7,301 6.2%

Age 35 to 39 Years 105 5.0% 1,460 4.5% 6,913 5.8%

Age 40 to 44 Years 120 5.7% 1,550 4.8% 7,097 6.0%

Age 45 to 49 Years 121 5.8% 1,625 5.0% 6,965 5.9%

Age 50 to 54 Years 123 5.9% 1,768 5.5% 6,624 5.6%

Age 55 to 59 Years 115 5.5% 1,999 6.2% 6,252 5.3%

Age 60 to 64 Years 107 5.1% 2,237 6.9% 5,658 4.8%

Age 65 to 69 Years 114 5.4% 2,398 7.4% 5,497 4.7%

Age 70 to 74 Years 88 4.2% 1,994 6.2% 4,352 3.7%

Age 75 to 79 Years 74 3.6% 1,816 5.6% 3,625 3.1%

Age 80 to 84 Years 57 2.7% 1,542 4.8% 2,845 2.4%

Age 85 Years or Over 67 3.2% 1,682 5.2% 2,948 2.5%

Median Age 36.4 44.4 35.0

Generation (2014)Generation 9/11 Millennials (Age Under 10 Years) 302 14.4% 3,627 11.2% 17,970 15.2%

Gen Y to Echo Boomers (Age 10 to 29 Years) 582 27.8% 7,117 22.0% 34,132 28.9%

Gen Xers (Age 30 to 49 Years) 464 22.1% 6,198 19.1% 28,276 23.9%

Baby Boomers (Age 50 to 69 Years) 459 21.9% 8,402 25.9% 24,031 20.3%

Silent Generation (Age 70 to 79 Years) 163 7.8% 3,810 11.8% 7,977 6.7%

G.I. Generation (Age 80 Years or Over) 124 5.9% 3,224 10.0% 5,793 4.9%

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INCOME SUMMARY REPORT2000-2010 Census, 2014 Estimates with 2019 ProjectionsCalculated using Proportional Block Groups

Lat/Lon: 33.7434/-117.1905RINC1


Perris, CA 92571

PopulationEstimated Population (2014) 1,983 32,954 121,671Projected Population (2019) 2,134 35,482 131,014Census Population (2010) 1,880 31,230 115,301Census Population (2000) 1,111 21,219 73,135Projected Annual Growth (2014 to 2019) 151 1.5% 2,528 1.5% 9,342 1.5%Historical Annual Growth (2010 to 2014) 103 1.4% 1,724 1.4% 6,371 1.4%Historical Annual Growth (2000 to 2010) 769 6.9% 10,011 4.7% 42,166 5.8%

HouseholdsEstimated Households (2014) 658 12,885 37,896Projected Households (2019) 688 13,467 39,603Census Households (2010) 634 12,398 36,462Census Households (2000) 378 9,567 25,801Projected Annual Growth (2014 to 2019) 30 0.9% 582 0.9% 1,707 0.9%Historical Annual Growth (2010 to 2014) 25 1.0% 487 1.0% 1,434 1.0%Historical Annual Growth (2000 to 2010) 255 6.7% 2,831 3.0% 10,661 4.1%

Average Household IncomeEstimated Average Household Income (2014) $63,150 $55,782 $60,335Projected Average Household Income (2019) $68,567 $60,473 $65,507Census Average Household Income (2010) $62,651 $52,107 $56,422Census Average Household Income (2000) $38,678 $37,081 $42,042Projected Annual Growth (2014 to 2019) $5,417 1.7% $4,691 1.7% $5,173 1.7%Historical Annual Growth (2010 to 2014) $499 0.2% $3,675 1.8% $3,912 1.7%Historical Annual Growth (2000 to 2010) $23,974 6.2% $15,026 4.1% $14,381 3.4%

Median Household IncomeEstimated Median Household Income (2014) $60,188 $47,436 $52,314Projected Median Household Income (2019) $64,952 $51,295 $56,471Census Median Household Income (2010) $59,130 $44,228 $48,698Census Median Household Income (2000) $31,409 $29,689 $35,328Projected Annual Growth (2014 to 2019) $4,765 1.6% $3,859 1.6% $4,157 1.6%Historical Annual Growth (2010 to 2014) $1,058 0.4% $3,208 1.8% $3,616 1.9%Historical Annual Growth (2000 to 2010) $27,721 8.8% $14,539 4.9% $13,370 3.8%

Per Capita IncomeEstimated Per Capita Income (2014) $21,015 $21,836 $18,821Projected Per Capita Income (2019) $22,154 $22,977 $19,830Census Per Capita Income (2010) $21,117 $20,685 $17,843Census Per Capita Income (2000) $13,936 $16,950 $14,799Projected Annual Growth (2014 to 2019) $1,139 1.1% $1,141 1.0% $1,009 1.1%Historical Annual Growth (2010 to 2014) -$101 -0.1% $1,151 1.4% $978 1.4%Historical Annual Growth (2000 to 2010) $7,180 5.2% $3,735 2.2% $3,044 2.1%

Other IncomeEstimated Families (2014) 457 8,093 28,222Estimated Average Family Income (2014) $73,786 $65,271 $65,282Estimated Median Family Income (2014) $69,103 $58,515 $58,999

Estimated Average Household Net Worth (2014) $493,326 $425,038 $445,395

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DUE

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CS PLEASE CLICK ON LINKS BELOW TO VIEW DUE DILIGENCE DOCUMENTS

1. Colors & Materials

2. Conceptual Grading Plan

3. Conditions of Approval

4. Development Plan

5. Elevations

6. Environmental Impact Report

7. EIR Appendices

8. Ethanac Corridor Planning Group Summary

9. Ethanac Expressway Article

10. Fiscal Impact Report

11. Former Leasing Interest

12. Preliminary Cost Estimate (Moote)

13. Reclaimed Water Plan

14. Sewer Plan

15. Site Plan

16. Tentative Parcel Map

17. Urban Decay Analysis

18. Utility Plan

19. Walmart Development Agreement

20. Aerial - New Subdivision Map

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/ColorsMaterials.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/ConceptualGradingPlan.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/ConditionsofApproval.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/DevelopmentPlan.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/Elevations.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/EIR.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/EIR_Appendices.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/EthanacCorridorPlanning.pdf

http://www.pe.com/articles/county-751368-ethanac-ashley.html

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/FiscalImpactReport.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/FormerLeasingInterest.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/PreliminaryCostEstimate.xls

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/ReclaimedWaterPlan.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/SewerPlan.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/SitePlan.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/TentativeMap.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/UrbanDecayAnalysis.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/UtilityPlan.pdf

http://www.lee-associates.com/elee/sandiego/leelandteam/MotteTownCtr/WalmartDevelopmentAgreement.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MotteTownCtr/Subdivision_Map.pdf

For More Information, Please Contact:

19Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

[email protected]

AL APUZZO760.448.2442

[email protected]

MICHAEL W. STRODE, CCIM, SIOR951.445.4508

[email protected]

GORDON MIZE951.445.4504

[email protected]


ELEVATION A ELEVATION B - lee-associates.com

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