ESPLANADE COMMONS 16.24 Acres Mixed Use
Transcript of ESPLANADE COMMONS 16.24 Acres Mixed Use
ESPLANADE COMMONS16.24 Acres Mixed UseProposed 200 Townhome Units & 70,400 SF Commercial
City of San Jacinto | Riverside County, CA
INFORMATIONAL PACKAGEErik Christianson, CA BRE #01475105T 949.705.0920 | [email protected]
Steve Botthof, CA BRE #01131793T 310.299.7574 x 101 | [email protected]
John GuellT 949.916.2300 x12 | [email protected]
www.robottland.com
THE HOFFMAN COMPANYSouthern California Office777 E Tahquitz Canyon Way, Ste 200Palm Springs, CA 92262T 760.969.7357 | F 949.553.8449CA BRE #01473762
www.hoffmanland.com
SOUTHLAND DEVELOPMENT31501 Rancho Viejo RoadSan Juan Capistrano, CA 92675Tel: 949-916-2300Fax: [email protected] Land Brokers
Realty Advisors
The
Hoffman
Company
RoBott LandC O M P A N Y
W 7TH ST
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CAWSTON AVESITE
DISCLAIMERThe information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of ________, County of ________, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company Organization (“The Hoff-man Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materi-als contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.
This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation.
In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.
This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.
Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller.
This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller.
Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers.
POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14)
A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations.
Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.
Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.
Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transac-tion. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.
In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.
Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and their agent have signed a written confidentiality agree-ment. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller.
Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.
The terms and conditions set forth above apply to this Brochure in its entirety.
Property Overview
San Jacinto Profile & Demographics
San Jacinto Residential Real Estates Trends
San Jacinto Area New Home Projects
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TABLE OF CONTENTS
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1PROPERTY OVERVIEW
Esplanade Commons | SAN JACINTO, CA5
Site Detail
Property Highlights
• 16.24 Acre Site
• C-2 General Commercial Zoning
• Possible Build-to-Suit for single user or multiple Pads
• Area retailers include: Home Depot, Lowes, LA Fitness, Sears , Target, Wal-Mart
• Convenient freeway Access
• Excellent freeway frontage/visibility
• Brand new Circle K on the corner of West Esplanade Avenue and South Sanderson
Avenue
Address
1250 South Sanderson Avenue, San Jacinto, CA, 92582
Municipality
City of San Jacinto, County of Riverside
Lot Size
780,160 Square Feet
Current Use
Vacant Land
Assessors Parcel Numbers Acres
432-280-021-2 9.44 Acres
432-280-022-3 6.80 Acres
Total Acres: 16.24 Acres
Zoning Commercial
C-2
Property Overview
The subject property is located in the greater San Jacinto Hemet residential community,
which is primarily a bedroom community. Population growth has grown 172 percent
since 1990 and is expected to reach 55,191 by 2015 (source San Jacinto Chamber). The
current population for San Jacinto is 44,199 (source: 2010 US census). Access to the
property is excellent via Sanderson Avenue (north / south) and Esplanade Avenue (East
/ West). Vehicular traffic counts past the site exceed 36,000 vehicles per day.
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INFORMATIONAL PACKAGE 6RoBott LandC O M P A N Y
Vicinity Aerial with Area RetailN
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GOLDEN ERA GOLF COURSE
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Esplanade Commons | SAN JACINTO, CA7
Full Site Plan
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INFORMATIONAL PACKAGE 8RoBott LandC O M P A N Y
Esplanade West Townhomes
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Esplanade Commons | SAN JACINTO, CA9
Assessor’s Parcel Map
WARMSPRINGS DR
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Area School Exhibit
Megan Cope Elementary School (K - 5) 2550 Via La Sierra LaneSan Jacinto, CA 92582T (951) 654-60692013 Growth API Score: 815
Monte Vista Middle School (6-8) 181 N. Ramona Blvd.San Jacinto, CA 92583T (951) 654-93612013 Growth API Score: 778
San Jacinto High School, (9-12)500 Idyllwild DriveSan Jacinto, CA 92583T (951) 654-73742013 Growth API Score: 733
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Esplanade Commons | SAN JACINTO, CA11
Property Photos
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2SAN JACINTO PROFILE & DEMOGRAPHICS
Esplanade Commons | SAN JACINTO, CA13
San Jacinto Info & Demographics
Income (2010)Median Household Income $47,453
ClimateAverage TemperatureHigh 80.2º, Low 45.1ºSummer 79.8ºWinter 52.3º
Average Rainfall12.5 inches
Population (2013)Total: 45,851
MedianAge: 33.6
Average Household Size: 3.38
Average Family Size: 3.81
Mt. San Jacinto College Soboba CasinoTop 10 Places where San Jacinto Residents Commute to work in 2014:
1 Hemet 2 San Jacinto3 Riverside4 Temecula5 Los Angeles6 San Bernardino7 Moreno Valley8 Perris9 Anaheim10 Ontario
1,4241,3711,020529397366278219170169
13.43%12.93%9.62%4.99%3.74%3.45%2.62%2.07%1.60%1.59%
# of Commuters
% of Total Commuters
Source: wikipedia.org, www.scag.ca.gov, www.ci.san-jacinto.ca.us
City InfoState: California
County: Riverside
Mayor: Crystal Ruiz
Incorporated: April 20, 1888
Website: www.ci.san-jacinto.ca.us
View of San Jacinto Mountain
SAN JACINTO
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San Jacinto Over view
Mt. San Jacinto CollegeMt. San Jacinto College (MSJC) is a commu-
nity college in Riverside County, California,
United States and is part of the California
Community College system. MSJC consists
of two campuses: one located in San Jacinto
(San Jacinto Campus) and one in Menifee
(Menifee Valley Campus). Many courses are
also offered online.
www.msjc.edu
Mount San Jacinto State ParkOutdoor recreation! The Pacific Crest Trail runs
along the spine of the range. A popular walking
route runs from the Palm Springs Aerial Tramway
Mountain Station above Palm Springs, to the high
point of the range, with a relatively mild climb of
2,400 ft (700 m) compared to other routes with
more elevation gain.
www.parks.ca.gov
Soboba CasinoThe City is home of the Soboba Casino, a gaming casino and the Soboba Country Club,
owned and operated by the Soboba Band of Luiseno Indians. In the late 19th Century and
early 20th Century, the City became a home to many dairies and a center for agriculture.
Offering 32,000 square feet of space, all for the enjoyment of the public guest, this build-
ing offers casual dining at its finest in our Signature Restaurant, The Maze Stone. Our
restaurant offers a gorgeous dining room, a beautiful lounge and bar complete with an
outdoor viewing bar, banquet space for up to 350 guests, terrace dining on both the Tour-
nament Terrace and the Banquet Terrace, and a private dining room.
www.soboba.net
The City of San Jacinto is located in Riverside County and occupies the northern portion of the San Jacinto Valley located just east of the San Jacinto
Mountains. The population of the City is approximately 45,000. The San Jacinto area was first inhabited by the Luiseño Indians, whose settlements ranged
from what is now southern Los Angeles County to northern San Diego County and extending thirty miles inland. In 1770, the Spanish formed the Anza Trail
which crossed the San Jacinto Valley, and, in 1820, a Spanish outpost was founded within the San Jacinto area. The City of San Jacinto was founded in
1870 and incorporated in 1888. The Spanish named the City after Saint Hyacinth of Caesarea. It is one of the oldest cities in the County of Riverside.
2SAN JACINTO PROFILE & DEMOGRAPHICS
Esplanade Commons | SAN JACINTO, CA15
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Market Trends: San Jacinto (Zip Code: 92582)
A V E R A G E P R I C E P E R S Q F T F O R H O M E S ( Y- O -Y ) N U M B E R O F L I S T I N G S
A V E R A G E L I S T I N G P R I C E M E D I A N S A L E S P R I C E
for week ending
September 2, 2015
June 2015 - September 2015
$256,185 $240,000H O M E S T A N D I N G S
100 Homes for Sale
2 Open Homes
211 Recently Sold
86 Foreclosures
85 Number of Sales
M A R K E T S U M M A R YThe median sales price for homes in ZIP code 92582 for Jun 15 to Sep 15 was $240,000. This represents an increase of 8.8%, or $19,500, compared to the prior quarter and an increase of 11.6% compared to the prior year. Sales prices have appreciated 45.5% over the last 5 years in 92582, San Jacinto. The median sales price of $240,000 for 92582 is 8.11% higher than the median sales price for San Jacinto CA. Average listing price for homes on Trulia in ZIP code 92582 was $256,185 for the week ending Sep 02, which represents an increase of 0.6%, or $1,566 compared to the prior week and an increase of 3.1%, or $7,617, compared to the week ending Aug 12. Average price per square foot for homes in 92582 was $98 in the most recent quarter, which is 10.09% lower than the average price per square foot for homes in San Jacinto.
9 2 5 8 2 S A N J A C I N T O9 2 5 8 2 S A N J A C I N T O
+$1,566
+0.6%w-o-w
+$25,000
+11.6%w-o-w
Data as of 09/09/15 | Source:
3 SAN JACINTO RESIDENTIAL REAL ESTATES TRENDS
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INFORMATIONAL PACKAGE 18RoBott LandC O M P A N Y
Median Sales Price (5 Years)
Number of Sales (5 Years)
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Data as of 09/09/15 | Source:
3SAN JACINTO RESIDENTIAL REAL ESTATES TRENDS
Esplanade Commons | SAN JACINTO, CA19
San Jacinto Permits
PLACERITA CANYON RD
0 500 1,000 1,500 2,000 2,5002001
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0 500 1,000 1,500 2,000 2,5002001
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20152015Feb - 2015
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San Jacinto New Home Actively Selling Projects
K I R B Y V I L L A G E | S A N J A C I N T O
M A R A V I L L A E S T AT E S | S A N J A C I N T O
S T O N E C R E S T @ T H E C O V E | S A N J A C I N T O
L U Z D E L S O L | S A N J A C I N T O
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Product Type: DetachedTotal Homes: 36
Product Type: DetachedTotal Homes: 218
Product Type: DetachedTotal Homes: 50
Product Type: DetachedTotal Homes: 151
OPENED FEB 2014
OPENED MAR 2015
OPENED NOV 2014
OPENED APR 2015
Plan 1) SF: 1,428 Price: $229,900 $/SF: $160Plan 2) SF: 1,870 Price: $261,900 $/SF: $140Plan 3) SF: 2,050 Price: $267,900 $/SF: $130Avg. SF: 1,782 Price: $253,233 $/SF: $143
Plan 1) SF: 1,502 Price: $196,990 $/SF: $131Plan 2) SF: 1,563 Price: $208,990 $/SF: $133Plan 3) SF: 1,601 Sold Out n/aPlan 4) SF: 1,652 Price: $215,990 $/SF: $130Avg. SF:1,579 Price: $207,323 $/SF: $131
Plan 1) SF: 1,628 Price: $228,990 $/SF: $141Plan 2) SF: 1,860 Price: $236,990 $/SF: $127Plan 3) SF: 2,338 Price: $251,990 $/SF: $108Plan 4) SF: 2,528 Price: $259,990 $/SF: $103Avg. SF: 2,088 Price: $244,490 $/SF: $120
Plan 1) SF: 1,850 Price: $261,000 $/SF: $141Plan 2) SF: 2,045 Price: $279,000 $/SF: $136Plan 3) SF: 2,311 Price: $283,000 $/SF: $122Plan 4) SF: 2,626 Price: $309,000 $/SF: $117Avg. SF: 2,208 Price: $283,000 $/SF: $129
Minimum Lot Size: 3,200 SFBase Tax Rate + CFD: 1.10%HOA: $120
Home Size (SF) : 1,600 - 2,000 Pricing From: $180,000’s Minimum Lot Size: 4,000 (SF)* Active Adult Community
Minimum Lot Size: 7,000 SFBase Tax Rate: 1.10%HOA: $53
Minimum Lot Size: 7,000 SFBase Tax Rate: 1.10%HOA: n/a
Data as of 09/09/15 | Source: Real Estate Economics, Builder Website & Hoffman Research
THE HOFFMAN COMPANYSouthern California Office
18881 Von Karman Avenue, Suite 150Irvine, CA 92612
T 949.553.2020 | F 949.553.8449CA BRE #01473762
www.hoffmanland.com
Land BrokersRealty Advisors
The
Hoffman
Company
RoBott LandC O M P A N Y
SOUTHLAND DEVELOPMENT31501 Rancho Viejo Road
San Juan Capistrano, CA 92675Tel: 949-916-2300Fax: 949-916-5700