235-485 lot entitlement opportunity | rios canyon ranch
TRANSCRIPT
FOR ADDITIONAL INFORMATION:
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
S
Mission Ave
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH
• Existing Avocado Grove• Quick Access to Highway 8 via Lake Jennings Park Road Offramp• County of San Diego Jurisdiction• Rare Large Subdivision Entitlement Opportunity in San Diego
SUBMIT ALL OFFERS BY FRIDAY, FEBRUARY 16, 2018
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
Old Hwy 80
Highway 8 BusinessRios
Can
yon
Rd
60’ Access Easement
3 Miles of County Maintained Trails
Future Roundabout
FUTURE RETAIL
Ridge Hill Rd
SUBJECTPROPERTY
2
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH
PAGE CONTENT
3 AERIALS
8 LOCATION MAP
9 PROPERTY INFO
10 COST ESTIMATES
11 SITE PLAN
12 CONCEPTUAL SITE PLAN
13 ORCHARD SITE PLAN
14 TENTATIVE TRACT MAP
15 MARKET INFO & STUDY
17 PLAT MAPS
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.
3
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHA
ERIA
LS
SUBJECTPROPERTY
New 120 Room Courtyard Marriott Hotel in Construction
Future Site for New Hilton Hotel
KB Homes River Village Community 82 Homes Currently in Construction
Future Site for Kaiser’s new 10 Story Hospital
Walmart, Denny’s, Shell, Panda Express, Subway, McDonald’s, Taco Bell, Wells Fargo
139 Homes Approved TM
KB Homes Ridgeline Community 184 Homes
64 Unit Apartment Condo Entitlement in Progress
21 - 10,000 SF Lots with Approved TM
Greenhills Ranch 64 Lots Entitlement in Progress
18 Lots Approved TM
Approved Neighborhood Shopping Center Construction Start 2018
32 Apartment Units Construction in Progress
4
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHA
ERIA
LS
W
SUBJECTPROPERTY
3 Miles of County Maintained Trails
PACIFIC OCEAN
SANTEEEL CAJON
DOWNTOWN SAN DIEGO
5
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHA
ERIA
LS
SUBJECTPROPERTY
Old Hwy 80
Lake Jennings Park Rd
60’ Access EasementFuture
Roundabout
FUTURE RETAIL
Ridge Hill Rd SE
6
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHA
ERIA
LS
Lake Jennings Park Rd
PACIFIC OCEAN
Hwy 8 BusinessSUBJECTPROPERTY
60’ Access Easement
3 Miles of County Maintained Trails
Future Roundabout
FUTURE RETAIL
Ridge Hill Rd
SW
Lake Jennings Park Rd
EL CAJON
DOWNTOWN SAN DIEGO
7
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHA
ERIA
LS
S/W
Lake Jennings
SUBJECTPROPERTY
PACIFIC OCEAN
E
SANTEE SANTEEEL CAJON
DOWNTOWN SAN DIEGO
8
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH LO
CAT
ION
MA
P
EL CAJON
SCRIPPS RANCH
MIRA MESA
LA MESA
SAN DIEGO COUTNRY ESTATES
78
Lakeview Rd
Ridge Hill Rd
Rios Canyon Rd
Lakeview Rd
Los Coches Rd
Lake Jennings Park Rd
LAKE JENNINGS
SUBJECTPROPERTY
N CHULA VISTA
LA JOLLA
PACIFIC BEACH
CORONADO
SPRING VALLEY
SUBJECTPROPERTY
LAKE JENNINGS
Hwy 8 Business
9
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH
Location:
Jurisdiction: County of San Diego
APN’S: 401-040-05-00 (430.04 acres) 398-140-15-00 (118.89 acres) 398-150-13-00 (1 acre) 398-150-02-00 (3.65 acres) 398-150-01-00 (2.08 acres) 398-110-60-00 (0.61 acres) 398-110-42-00 (3.31 acres) 398-110-11-00 (1.65 acres) 398-170-07-00 (25.63 acres) 398-162-09-00 (8.76 acres) 398-162-13-00 (4 acres) 398-162-14-00 (1.38 acres)
Density: 235+ Lots up to a potential of 485+/- with density transfer. Seller to retain and maintain any portion of the grove not developed. Zoning: RV (6,000 SF minimums) & A70/RR
General Plan:
PRO
JEC
T IN
FO The subject property is located south of Interstate 8 at the Lake Jennings off-ramp in the City of Lakeside, County of San Diego. With easy accessibility from Highway 8, this site features panoramic views, close proximity to retailers and access to parks and trails.
*Seller to retain 20 buildable lots, price to be reduced on pro rata basis.
VR-15 (Village Residential 15 du/acre) & RL-40 (1 du/40 acres); SR-1, SR-2
School District: Cajon Valley & Grossmont Union
Services: Sewer Needs annexing to Lakeside Sanitation Dist. Water Padre Dam Municipal Gas/Electricity SDG&E Fire East County Fire Prevention Dist. Police El Cajon Police Dept.
PRICE: SUBMIT ALL OFFERS BY FEBRUARY 16, 2018
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH
10
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
CO
ST E
STIM
ATES
10
Item AmountTIF/RTCIP 4,116$ Park Fee 4,136$ Fire Protection Fee 1,410$ School Fees (high) 3,000$ School Fees (elementary) 5,940$ Drainage Fee 2,490$ Water Capacity Fee 1" 7,655$ Water Meter Fee 203$ Sewer Connection Fee 2,000$ SDCWA 1" Fee 7,680$
TOTAL PER SFR 38,630$
Per Approximate 3,000 SF Detached Home
Lakeside Development Impact Fees
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH
11
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHSI
TE P
LAN
SITE PLAN
MAPS & AERIALS
Colliers International | Accelerating success. | www.colliers.com
CONCEPTUAL ONLY
12
K
A B
C
D
E/F
G
H
I J
L
MN
O
PQ
R
S
T U
V
W
XY
AA Z
BB
CC
DD
EE
MODEL COMPLEX SHOWING VILLASAND BUNGALOWS OR REC AREA
ALTERNATE PLOTTING OFPARCEL Y WITH BUNGALOWS U
V
ALTERNATE PLOTTING OFPARCEL K WITH VILLAS
ALTERNATE PLOTTING OFPARCEL D WITH BUNGALOWS
HH-1
HH-2
POSSIBLE GATE LOCATION
ALTERNATE PLOTTING OFPARCEL BB WITH BUNGALOWS
ALTERNATE PLOTTING OFPARCEL DD WITH VILLAS
ALTERNATE PLOTTING OFPARCEL HH-2 WITH VILLAS
ALTERNATE PLOTTING OFPARCEL Q WITH VILLAS
Enlarged Conceptual Site Plan - All AQ Alternative 2
Rios Canyon RanchLakeside, CA
CalAtlantic January 12, 20172016300
500 100 200
WILLIAM HEZMALHALCH ARCHITECTS, INC. © 2017
Notes:
1. Site plan is for conceptual purposes only.2. Site plan must be reviewed by planning, building,
and fire departments for code compliance.3. Base information per civil engineer.4. Civil engineer to verify all setbacks and grading
information5. Building Footprints might change due to the final
design elevation style.6. Open space area is subject to change due to the
balcony design of the elevation.7. Building setbacks are measured from property lines
to building foundation lines.
DRAFT
CONCEPTUAL ONLY
14
TENTATIVE MAP
MAPS & AERIALS
Colliers International | Accelerating success. | www.colliers.com
CONCEPTUAL ONLY
15
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHM
ARK
ET IN
FO &
STU
DY
Project Builder Open Typical Min Unit Max Unit Min Max Min Max Total Units Total Units Total Sales Sale Rate ZipName Name City Date Lot Size Size Size Price Price $/SF $/SF Planned Sold Remaining Rate L3M Code
Mary Street Homes DP Homes El Cajon 10/22/2016 4,000 1,300 1,860 $489,900 $524,900 $282.20 $362.88 16 13 3 1.1 1.3 92021Prospect Fields KB Home Santee 6/1/2017 4,000 1,904 2,221 $634,150 $647,995 $291.00 $333.06 75 35 40 7.5 8 92071River Village KB Home Santee 2/23/2017 6,800 2,210 2,850 $687,990 $706,000 $247.72 $311.31 82 32 50 3.9 2.7 92071Lake Ridge Padree Homes Santee 12/16/2017 7,200 2,346 3,743 $735,500 $835,000 $212.40 $340.35 129 - - - - 92071Prism Tri Pointe Homes Santee - - 1,789 2,147 $597,900 $644,900 $290.10 $334.20 - - - - - 92071Sandstone Pardee Homes Santee 12/16/2017 5,000 2,311 2,599 $647,500 $705,000 $271.25 $295.22 81 - - - - 92071Talus Tri Pointe Homes Santee - - 2,522 2,895 $719,400 $783,895 $270.77 $291.19 - - - - - 92071Trevi Hills Pacifica Santee - 43,600 3,075 3,846 $895,000 $1,050,000 $269.00 $319.00 - - - - - 92071
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH
16
RIOS CANYON - LAKESIDE, CA
235+ LOTS | RIOS CANYON RANCHM
ARK
ET S
TUD
Y
CLICK HERE TO VIEW FULL STUDY
5August 2017 | CalAtlantic HomesRios Canyon Ranch AQ, Lakeside, CA
The updated Meyers pricing recommendations assume no added special taxes (total tax rate of 1.21%) and $250 per month HOA.The options and upgrades are estimated at 6% for the two smaller products, and 6.5% for the 6,000 square foot lots. Meyersanticipates that the that the best premium opportunities would be available along the ridgeline areas, and that the largest lots wouldbe placed here. Premium revenue for the cluster product is estimated at 1% of base price ($4,950 per unit), while the 4,000 SF lotsaverage 2.5% ($14,500) and the largest 6,000 SF lots are at 4% ($28,750). A buyer incentive of $5,000 factored in, to be appliedtowards closing costs or design center spending, but not as a reduction to the purchase price. Recommended base prices range from$445,000 to $745,000, and total average prices range from $524,600 for The Cottages to $789,100 for Summer House.
Product Recommendations
The Cottages: Plan 2 is detached, and is priced at a premium to the other plans, in line with sales history trends at Auberge.
The Villas: Plans 2 and 3 are considered equal in value owing to a tradeoff between a smaller 1,750 SF true single story with a fullbedroom, versus an 1,900 SF with a pop-top and optional bedroom 3.
Summerhouse: assumes these are plotted in more elevated, view/ridgeline lots.
COMMUNITY SPECIFICS FLOORPLANS RECOMMENDATIONSSubject Property Name Mo Base Incentives Net Base Net Base Assumptions Total Payment Assumptions 80.0%Location Size Sales Base Price/ Options / Price Price ($ Price/ Options / Estimated Total Price/ Monthly Base Addl Tax 4.0%Product Details Sales Summary Mix SF Bed Bath Level Pkg Pace Price SF Upgrades Reduction Impacting) SF Upgrades Premiums Price SF HOA Tax Rate Assess. Mo. Pmt.
AQ-Cottages CalAtlantic Homes 83 1,275 2 2.0 1 2 5.0 $444,990 $349 ($5,000) $0 $444,990 $349 $26,699 $4,450 $471,139 $370 $250 1.21% 0.00% $2,524Lakeside Rios Canyon AQ 83 1,550 3 2.0 1 2 $509,990 $329 ($5,000) $0 $509,990 $329 $30,599 $5,100 $540,689 $349 $250 1.21% 0.00% $2,860Product: Detached Condos Total Units: 249 83 1,800 3+0 2.0 1 2 $529,990 $294 ($5,000) $0 $529,990 $294 $31,799 $5,300 $562,089 $312 $250 1.21% 0.00% $2,964Configuration: 1,800-2,450 Units Sold: 0Lot Dimensions: 30x60-35x70 3 Months Sold: 0
Units Remaining: 249% Remaining: 100%
Summary Statistics: 1,542 5.0 $494,990 $321 ($5,000) $0 $494,990 $321 $29,699 $4,950 $524,639 $340 $250 1.21% 0.00% $2,783
AQ-Villas CalAtlantic Homes 28 1,625 2+O 2.0 1 2 4.0 $533,990 $329 ($5,000) $0 $533,990 $329 $32,039 $13,350 $574,379 $353 $250 1.21% 0.00% $3,023Lakeside Rios Canyon AQ 28 1,750 3 2.0 1 2 $584,990 $334 ($5,000) $0 $584,990 $334 $35,099 $14,625 $629,714 $360 $250 1.21% 0.00% $3,290Product: Single Family Total Units: 112 28 1,900 2+O 2.0 2 2 $589,990 $311 ($5,000) $0 $589,990 $311 $35,399 $14,750 $635,139 $334 $250 1.21% 0.00% $3,316Configuration: 4,000 Units Sold: 0 28 2,060 3 2.0 2 2 $604,990 $294 ($5,000) $0 $604,990 $294 $36,299 $15,125 $651,414 $316 $250 1.21% 0.00% $3,395Lot Dimensions: 50x80 3 Months Sold: 0
Units Remaining: 112% Remaining: 100%
Summary Statistics: 1,834 4.0 $578,490 $315 ($5,000) $0 $578,490 $315 $34,709 $14,462 $622,662 $340 $250 1.21% 0.00% $3,256
AQ-Summerhouse CalAtlantic Homes 40 2,500 3 2.0 1 2 3.0 $694,990 $278 ($5,000) $0 $694,990 $278 $45,174 $27,800 $762,964 $305 $250 1.21% 0.00% $3,933Lakeside Rios Canyon AQ 42 2,700 3+O 2.0 2 2 $714,990 $265 ($5,000) $0 $714,990 $265 $46,474 $28,600 $785,064 $291 $250 1.21% 0.00% $4,040Product: Single Family Total Units: 124 42 3,000 3+O 3.0 2 2 $744,990 $248 ($5,000) $0 $744,990 $248 $48,424 $29,800 $818,214 $273 $250 1.21% 0.00% $4,200Configuration: 6,000 Units Sold: 0Lot Dimensions: 40x147 3 Months Sold: 0
Units Remaining: 124% Remaining: 100%
Summary Statistics: 124 2,737 3.0 $718,700 $263 ($5,000) $0 $718,700 $263 $46,715 $28,748 $789,163 $288 $250 1.21% 0.00% $4,060
17
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHPL
AT M
AP
PARCEL MAPS
MAPS & AERIALS
Colliers International | Accelerating success. | www.colliers.com
18
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHPL
AT M
AP
PARCEL MAPS
MAPS & AERIALS
Colliers International | Accelerating success. | www.colliers.com
19
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
AL APUZZO760.448.2442
[email protected] Lic#01323215
MATT WEAVER760.448.2458
[email protected] Lic#01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCHPL
AT M
AP
PARCEL MAPS
MAPS & AERIALS
Colliers International | Accelerating success. | www.colliers.com
MATT WEAVER760.448.2458
[email protected] Lic# 01367183
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
AL APUZZO760.448.2442
[email protected] Lic# 01323215
For More Information, Please Contact:
20Lee & 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
600+ ACRES | RIOS CANYON ROAD - LAKESIDE, CA
235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH