15 - the hoffman company...sumner ave e archibald ave haven ave milliken ave riverside dr edison ave...

Disclaimer: The information contained herein is provided from sources deemed reliable. The Hoffman Company does not guarantee the accuracy of any of the information herein. All information should be independently verified.

e x c l u s i v e O f f e r i n g M e M O r a n d u M

Drifty Farms9.9 Gross Acres

City of Ontario, New Model Colony East

03/11

Note: This site plan shows landlord’s plan for configuration of the shopping center as of the date of this plan only, and it shall not be deemed to be a representation by landlord respecting(a) the particular buildings, (b) the configuration, location, or floor area of any particular building or space, or (c) the proposed use or occupancy of any particular building or space.

Delivering Shopping Center Excellence

Eastvale Gateway I & IIN W C I - 1 5 F W Y . & L I M O N I T E A V E . • M I R A L O M A , C A

Eastvale Gateway I Eastvale Gateway II

Offered by Lewis Operating Corp., a licensed real estate broker DRE License #1252241. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your property advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Leal

Clev

elan

d Sq

uare

Ever

ton

Gro

ve

Limonite Ave

Sum

ner

Ave

Scho

lar W

ay

Bellegrave Ave

Ham

ner

Ave

15

SITE

Tom Dallape, CA DRE #01100284

ThE hoffmAn CompAny18881 Von Karman Ave, Ste 150Irvine, CA 92612T 949.553.2020 • F 949.553.8449CA DRE #01473762www.hoffmanland.com

Ronald C. pietersma, CA DRE #00458297

pIETERSmA & CompAnyp.o. Box 2500Chino, CA 91708T 909.627.2100 • F 909.627.5150

Land BrokersRealty Advisors

The

Hoffman

Company

Land BrokersRealty Advisors

The

Hoffman

Company

Executive Summary

Property Overview

Area/Market Overview

1

2

3

3

5

13

T a b l e o f C o n T e n T s

1E x E c u t i v E S u m m a r y

The

Hoffman

Company3D r i f t y Fa r m s | O n t a r i o

Transaction Narrative

The Hoffman Company and Pietersma & Company, as exclusive agents to Drifty Farms, are offering the unique opportunity to acquire 9.8

acres in the New Model Colony area of Ontario, San Bernardino County, CA.

• Future Lakes Specific Plan

• Easy future access to both New Model Colony and Eastvale

• One of the few remaining East New Model Colony Projects

Birds eye aerial view of Drifty Farms

1E x E c u t i v E S u m m a r y

The

Hoffman


Offering Guidelines

Seller

Drifty Fams

Letter of Intent

Please submit a Letter of Intent (“LOI) outlining the terms and con-

ditions under which Buyer proposes to acquire property.

Proposed Deal Structure

45 Day Review

5% Purchase Price Release Applicable

Close of Escrow 22 Months from Review Approval

Monthly Option Payments of $10,000

Asking Price

$1,900,000

Due Diligence Period

The Due Diligence Period shall commence upon buyer acceptance

and delivery of all due diligence materials. The Due Diligence Pe-

riod shall be 60 days.

Deposits

The Initial Deposit of two percent (2%) of the purchase price shall

be made at the Opening of Escrow and shall remain refundable

during the Due Diligence Period. A Second Deposit of three per-

cent (3%) shall be placed into escrow prior to the expiration of the

Due Diligence Period, increasing the deposit to a total of five per-

cent (5%) of the Purchase Price. Upon Buyer’s approval of its Due

Diligence, the five percent (5%) deposit shall be released to the

Seller and shall be non-refundable except for Seller default.

Escrow and Title

Escrow shall be with First American Title Company

Opening of Escrow

Escrow shall open upon delivery to Escrow of (i) the mutually ex-

ecuted Purchase & Sale Agreement and (ii) the Initial Deposit equal

to two percent (2%) of the purchase price.

Brokerage Commission

The brokerage commission shall be paid by Seller pursuant to a

separate agreement.

Key Offering Milestones

Offer Due Date August 1, 2013

Buyer Selection August 9, 2013

End of Due Diligence September 16, 2013

COE May 16, 2015

SUN

1

8

15

22

29

2

9

16

23

30

3

10

17

24

4

11

18

25

5

12

19

26

6

13

20

27

7

14

21

28

MON TUES WED THU FRI SAT

Sept 2013

4

11

18

25

5

12

19

26

6

13

20

27

7

14

21

28

1

8

15

22

29

2

9

16

23

30

3

10

17

24

31

SUN MON TUES WED THU FRI SAT

Aug 2013

Key Offering Milestone

Bank Observed Holiday

D r i f t y Fa r m s | O n t a r i oThe

Hoffman

Company5

2P r o P e r t y o v e r v i e w

Site Detail

Overview

Drifty Farms is an approximately 9.9 acre parcel located on the northeast corner of Bellegrave Avenue and Sumner Avenue in the New

Model Colony region of Ontario.

Location

Drifty Farms is centrally located in the Inland Empire with excellent access to five major freeways (I-10, I-15, CA-60, CA-71 and CA-91).

From Los Angeles: Take the 60 freeway east to the I-15 South. Exit Limonite Avenue in Ontario. Turn right (west) on Limonite Ave. Turn

right (west) on Sumner Avenue. The site is located at the northeast corner of Bellegrave Avenue and Sumner Avenue.

From Orange County: Take the 91 freeway east to I-15 North. Exit Limonite Avenue in Ontario. Turn left (west) on Limonite Ave. Turn right

(west) on Sumner Avenue. The site is located at the northeast corner of Bellegrave Avenue and Sumner Avenue.

Municipality

City of Ontario

The Lakes Specific Plan

Drifty Farms is part of the proposed Lakes Specific Plan in the New Model Colony

Assessor’s Parcel Number

0218-331-14-0000

Acres

9.9 Gross Acres | 6.19 Net Usable Acres

Improvement Status

None

Current Zoning

The site is zoned per the New Model Colony General Plan for 2.1 - 5 du/ac. Low Density Residential

Schools

Students residing in Drifty Farms will attend the following schools in the Mountain View Elementary Unified School District and Chaffey

Joint Union High School District:

Ranch View Elementary School

2012 API: 814

3300 Old Archibald Ranch

Ontario, CA 91761

Grace Yokely Middle School

2012 API: 809

2947 S. Turner Avenue

Ontario, CA 91709

Colony High School

2012 API: 806

3850 E. Riverside Drive

Ontario, CA 91762


Hoffman

Company6


Bid Date

July 15, 2013

Exclusive Brokers

THE HOFFMAN COMPANY PIETERSMA & COMPANY

Tom Dallape Ronald C. Pietersma

t 949.705.0928 t 909.627.2100

[email protected] [email protected]

CA DRE #01100284 CA DRE #00458297

18881 Von Karman Avenue, Suite 150 P.O. Box 2500

Irvine, CA 92612 Chino, CA 91708

T 949.553.2020 | F 949.553.8449 T909.627.2100•F909.627.5150

CA DRE Corp ID #01473762

www.hoffmanland.com

Site Detail


Hoffman

Company7


Vicinity Aerial

N

SITE


Hoffman

Company8


Close Up Aerial

N

Sum

ner

Ave

Bellegrave Ave


Hoffman

Company9


Net Usable Acres Map

The

Hoffman



Ontario Land Use Plan

The

Hoffman



Ontario Zoning Map

The

Hoffman



Assessor’s Parcel Map


Hoffman

Company13


Property Photos

View northeast from Sumner Ave and Bellegrave Ave


Hoffman

Company14

3A r e A / M A r k e t O v e r v i e w

Regional Map

SubjEcT SITE


Hoffman

Company15


1

2

3

Cloverdale Rd

65th Street

Schleisman Rd

Chandler St

Arc

hib

ald

Ave

Har

riso

n A

ve

Ham

ner

Ave

Cle

vela

nd A

ve

Limonite Rd

ONTARIO

S A N B E R N A R D I N O C O U N T Y

R I V E R S I D E C O U N T Y

JURUPA VALLEY

FOR SALE LOTS TOTAL # of Lots = 1,122DAIRY OWNERS # OF LOTS REMAINING1. Harada - Held for Investment 79 T-Map2. Dyt – Esrcow 117 T-Map3. Richland / DR Horton – Escrow 224 Lots4. Stratham Communities – Escrow 360 Lots5. Van Daele/DR Horton – Available 220 Lots6. Flamingo – Escrow 122 Lots

TOTAL # of Lots = 350PROJECT NAME – BUILDER # OF LOTS REMAINING4. River Road – Meritage Homes 40 Lots5. DR Horton 70 Lots6. Beazer 55 Lots

PROJECTS WITH ACTIVE LOTS PROJECT NAME – BUILDER # OF LOTS REMAINING1. Davenport @ The Enclave – KB Home 80 Lots2. Newbury @ The Enclave – KB Home 15 Lots3. West Haven @ The Enclave – KB Home 90 Lots

BUILDER OWNED LOTS TOTAL # of Lots = 196BUILDER # OF LOTS REMAINING1. Lennar 196 Lots

15

5

6

4

1

1 2

3

5

4

N

Bellegrave Ave

Hel

lman

Ave 6

EASTVALESu

mne

r A

ve

Citrus St

Active & Future Remaining Lots – City of Eastvale (as of June 2013)

SubjEcT SITE


Hoffman

Company16


Area Schools Exhibit

Bellegrave Ave

Sum

ner

Ave

Hav

en A

ve

Mill

iken

Ave

Arc

hiba

ld A

ve

Riverside Dr

Edison Ave

Eucalyptus Ave

Chino Ave

Win

evill

e A

ve

Cantu-Galleano Ranch

15

60

2

1

3

SubjEcT SITE

Mountain View School District

(909) 947-2205

Ranch View Elementary School

2012 API: 814

3300 Old Archibald Ranch

Ontario, CA 91761

Grace Yokely Middle School

2012 API: 809

2947 S. Turner Avenue

Ontario, CA 91709

Chaffey Joint Union High School District

(909) 988-8511

Colony High School

2012 API: 806

3850 E. Riverside Drive

Ontario, CA 91762

1

2

3


Hoffman

Company17


Ontario Market Trends

Homes for Sale May ‘13 vs. Prev. Month vs. Prev. Year

# Homes for Sale 81 12.9% 67.5%

Median List Price $300K 6.0% 27.6%

Median List $/SqFt. $204 2.5% 28.3%

Homes Sold May ‘13 vs. Prev. Month vs. Prev. Year

# Homes Sold 95 5.6% 27.5%

Median Sold Price $260K 3.5% 20.9%

Median Sold $/SqFt. $186 4.5% 24%

% Sale to List 101% 0.8% 3.4%

Ontario Sold Price Per Square Foot

Ontario Homes on the Market

Ontario Listing Price Per Square Foot

Data as of 06/10/13 | Source: Redfin


Hoffman

Company18


Eastvale Market Trends


# Homes for Sale 65 14% 61.5%


Median List $/SqFt. $165 15.4% 42.2%


# Homes Sold 71 15.5% 48.2%


Median Sold $/SqFt. $143 2.1% 19.2%

% Sale to List 102.9% 0.2% 3.1%

Eastvale Sold Price Per Square Foot

Eastvale Homes on the Market

Eastvale Listing Price Per Square Foot



Hoffman

Company19


Corona Sold Price Per Square Foot

Corona Homes on the Market

Corona Listing Price Per Square Foot


# Homes for Sale 151 4.1% 63.5%




# Homes Sold 195 2.0% 1.0%



% Sale to List 102.4% 1.5% 2.9%

Corona Market Trends



Hoffman

Company20



# Homes for Sale 60 1.6% 61.5%




# Homes Sold 77 67.4% 8.3%



% Sale to List 101.6% 1.3% 1.9%

Chino Sold Price Per Square Foot

Chino Homes on the Market

Chino Listing Price Per Square Foot

Chino Market Trends


15 - the hoffman company...sumner ave e archibald ave haven ave milliken ave riverside dr edison ave...

Documents