gateway - loopnet · cd-5.2: include open space and/or recreational amenities in edc areas to...
TRANSCRIPT
1
JASON KIMMEL [email protected] Lic. 01328121
TIM WINSLOW [email protected] Lic. 00891667
KEVIN NOLEN [email protected] Lic. 01840398
PRESENTED BY:
GATEWAY AT MENIFEE TOWN CENTER
MIXED USE DEVELOPMENT OPPORTUNITY ON HAUN ROAD (MULTI FAMILY, RETAIL, HOTEL, OFFICE, AUTO)
MENIFEE, CA
2 3
GATEWAY AT MENIFEE TOWN CENTER
Cushman & Wakefield has been retained as the owner’s exclusive advisor and broker regarding the sale of Haun Road (the “Property”) APN: 360-110-012 (4.5 Acres), 360-110-005 (4.62 Acres), 360-110-004 (4.63 Acres), 360-110-006 (4.62 Acres) and 360-110-007 (9.25 Acres). This Offering Memorandum has been prepared by Cushman & Wakefield for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by Cushman & Wakefield, the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and, therefore, are subject to variation. No representation is made by Cushman & Wakefield or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Cushman & Wakefield, Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, this Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. This Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility
of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.Owner and Cushman & Wakefield each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations thereunder have been satisfied or waived. Cushman & Wakefield is not authorized to make any representations or agreements on behalf of Owner. This Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidential nature. By accepting the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or Cushman & Wakefield, (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or Cushman & Wakefield, and (v) to return it to Cushman & Wakefield immediately upon request of Cushman & Wakefield or Owner.
PROPERTY OVERVIEW 4
ZONING 7
COMPARABLES 15
DEMOGRAPHICS 21
01020304
T A B L E O F C O N T E N T SD I S C L A I M E R
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GATEWAY AT MENIFEE TOWN CENTER
PROPERTY OVERVIEW01
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GATEWAY AT MENIFEE TOWN CENTER
The Gateway At Menifee Town Center property is a 27.62 acre property located along one of the major thoroughfares in the City of Menifee. The property is directly south of one of the top retail centers in the Inland Empire with tenants such as Best Buy, BevMo, Super Target, Petco, Kohl’s and Lowe’s. The property is across the street from Santa Rosa Academy a public charter school (K-12 grade) that is becoming one of the top charter schools in the area. The property is in the City of Menifee’s EDC Zone which was put in place to emphasize a verity of uses primarily non-residential uses with residential uses playing a supporting role. Overall residential uses shall not exceed 25 percent of the total EDC acreage or be allowed on parcels directly adjacent to the freeway. The property is made up of five separate APN’s which gives the overall property flexibility to sell off a parcel or two and retain the remaining parcels for future development.
Owner will entertain offer on all or a portion of the property as well as joint venture proposals. Below are examples of four options, additional options will be considered.
LA PIEDRA RD
HAUN RD
E X ECU T I V E SUMM A R Y
E X A MPL E S
GATEWAY AT MENIFEE TOWN CENTER
OPTION 1 OPTION 2 OPTION 3 OPTION 4
1 1 1 12 2 2
3 3 3 34 4 4 4
5 5 5 5
2
13
45
2
3 4
GATEWAY AT MENIFEE TOWN CENTER
Wheatfield Park Valley-Wide Recreation
Mt. San Jacinto College
Menifee Countryside Marketplace
Newport Hub
Menifee Lakes Country Club
Bradley Business & Auto Care Plaza
Santa Rosa Academy
Menifee Town Center Masterplan
ProposedKrikorian Theater
MBK Apartments250 Units
Lennar: Heritage Heights
Selling From The Upper $300,000's
Lyle Marsh Park
Chester W Morrison Elementary School IN V ES T MEN T H IGHL IGH T S
Core Menifee Location
Infrastructure along Haun Road &
La Piedra Road
Close proximity to high quality schools
Walking distance to retail
Easy access to transportation
GATEWAY AT MENIFEE TOWN CENTER
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GATEWAY AT MENIFEE TOWN CENTER
TOTAL ACREAGE: 27.62 Acres
LAND USE: EDC (Economic development corridor) A variety of uses can be developed either vertically or horizontally with in a single property or multiply properties within the EDC zone. In general the EDC zone is envisioned to develop primarily as nonresidential uses, with residential uses playing a supporting role. Overall, residential uses shall not exceed 25 percent of the total EDC acreage or be allowed on parcels directly adjacent to the freeway and a maximum density permitted is 24 DU / Acre.
EDC COMMUNITY CORE
ZONING: I-P
PRICE: Unpriced (please see land comps for pricing guidance)
PROPER T Y OV ER V IE W
SCHOOLS: The Menifee Union School District is the second highest rated school district within Riverside County.
APN’S:360-110-012 (4.5 Acres), 360-110-005 (4.62 Acres), 360-110-004 (4.63 Acres), 360-110-006 (4.62 Acres) and 360-110-007 (9.25 Acres)
MAX FAR: 1.0
DENSITY: 24 DU/Acre
GATEWAY AT MENIFEE TOWN CENTER
7 8
GATEWAY AT MENIFEE TOWN CENTER PA RCEL M A P
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GATEWAY AT MENIFEE TOWN CENTER
ZONING02
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GATEWAY AT MENIFEE TOWN CENTER
215
74
215
Exhibit_LU-2_LandUseMap1/22/2014 0 0.5 1 Mile
Land Use Map
Source: The Planning Center | DC&E, 2013
Agriculture (AG)
Conservation (OS-C)
Recreation (OS-R)
Water (OS-W)
Public/Quasi Public Facilities (PF)
Heavy Industrial (HI) 0.15 - 0.50 FAR
Commercial Office (CO) 0.25 - 1.0 FAR
Commercial Retail (CR) 0.20 - 0.35 FAR
Business Park (BP) 0.25 - 0.60 FAR
Economic Development Corridor (EDC)
Public Utility Corridor (PUC)
Railroad
Specific Plan (SP)
20.1-24 du/ac Residential (20.1-24R)
14.1-20 du/ac Residential (14.1-20R)
8.1-14 du/ac Residential (8.1-14R)
5.1-8 du/ac Residential (5.1-8R)
2.1-5 du/ac Residential (2.1-5R)Rural Mountainous (RM) 10 ac min
Rural Residential 5 ac min (RR5)
Rural Residential 2 ac min (RR2)
Rural Residential 1 ac min (RR1)
Rural Residential 1/2 ac min (RR1/2)
Exhibit LU-2
215
74
215
Exhibit_LU-2_LandUseMap1/22/2014 0 0.5 1 Mile
Land Use Map
Source: The Planning Center | DC&E, 2013
Agriculture (AG)
Conservation (OS-C)
Recreation (OS-R)
Water (OS-W)
Public/Quasi Public Facilities (PF)
Heavy Industrial (HI) 0.15 - 0.50 FAR
Commercial Office (CO) 0.25 - 1.0 FAR
Commercial Retail (CR) 0.20 - 0.35 FAR
Business Park (BP) 0.25 - 0.60 FAR
Economic Development Corridor (EDC)
Public Utility Corridor (PUC)
Railroad
Specific Plan (SP)
20.1-24 du/ac Residential (20.1-24R)
14.1-20 du/ac Residential (14.1-20R)
8.1-14 du/ac Residential (8.1-14R)
5.1-8 du/ac Residential (5.1-8R)
2.1-5 du/ac Residential (2.1-5R)Rural Mountainous (RM) 10 ac min
Rural Residential 5 ac min (RR5)
Rural Residential 2 ac min (RR2)
Rural Residential 1 ac min (RR1)
Rural Residential 1/2 ac min (RR1/2)
Exhibit LU-2
ECONOMIC DEVELOPMENT CORRIDOR DESIGNThe Economic Development Corridor (EDC) designation is intended to provide economic vitality and flexibility in land use options to promote economic development along the city's major corridors. It is intended that the majority of the city's new development (that is not already planned as part of an approved Specific Plan) will be located in these areas, to promote infill development and to preserve the rural areas that are an integral part of Menifee's community character. While the EDC designation provides flexibility in land use options, Menifee has identified 5 EDC subareas, each with their own distinctive mix of uses that are complementary to surrounding land uses and that generate distinguishable activity centers in the city.
Depending on the preferred mix of land uses for each EDC subarea (as defined in the Land Use Element) different design strategies may be more or less appropriate depending on the development context. For instance, the Community Core subarea is envisioned as the city's primary activity center and gathering place and special design attention should be paid to creating a pedestrian-oriented environment. On the other hand, the Northern Gateway (Ethanac Road) subarea is anticipated to develop as relatively intensive industrial uses and would require thoughtful buffering from adjacent land uses. Given the diversity of the EDC subareas, the design policies identified in this section should be thoughtfully considered and applied when they will support the vision for the subarea.
GOALCD-5: Economic Development Corridors that are visually distinctive and vibrant and combine commercial, industrial, residential, civic, cultural, and recreational uses.
POLICIESCD-5.1: Provide comfortable pedestrian amenities-quality sitting areas, wide paths and shade-along with specialized and engaging design features, such as interesting fountains or public art, which draw and maintain people's attention, as appropriate based on the preferred mix of land uses for each EDC subarea.CD-5.2: Include open space and/or recreational amenities in EDC areas to provide visual relief from development, form linkages to adjacent uses and other portions of the economic development corridor, and serve as buffers between uses, where necessary.CD-5.3: Consider shared parking and reduced parking standards in areas designated as Economic Development Corridor.CD-5.4: Locate building access points along sidewalks, pedestrian areas, and bicycle routes, and include amenities that encourage pedestrian activity in the EDC areas where appropriate.CD-5.5: Create a human-scale ground-floor environment that includes public open areas that separate pedestrian space from auto traffic, or where these intersect, give special regard to pedestrian safety.CD-5.6: Orient building entrance toward the street and provide parking in the rear, when possible.CD-5.7: Where a vertical mix of uses occurs, site retail or office uses on the ground floor, with residential and/or office uses above. Also, encourage architectural detailing that differentiates each use.CD-5.8: Encourage adjacent commercial and industrial buildings to share open, landscaped, and/or hardscaped areas for visual relief, access, and outdoor employee gathering places.
L A ND USE
GATEWAY AT MENIFEE TOWN CENTER
13 14
GATEWAY AT MENIFEE TOWN CENTER
Exhibit LU-b2e: EDC Community Core (392 acres)
Preferred Mix of Land Uses
Residential 25%
Commercial Retail 10%
Commercial Office 35%
Business Park 30%
Development in the community core is anticipated to be a relatively balanced mix of residential, commercial retail, commercial office, and business park uses. Development that supports and complements existing spe-cific plans and the City’s future Town Center is especially encouraged. Special attention should be paid to Increased walkability and connections to San Jacinto College and future transit nodes. A range of single-family attached and detached housing is appropri-ate, so long as it supports an active city center and helps to create a sense of place. Avoid placement of residential units directly adjacent to the freeway.
Menifee Commercial
SP
The Farm SP
Menifee Village SP
Winchester Hills SP
Menifee North SP
Menifee Valley Ranch SP
Audie Murphy Ranch SP
French Valley SP
Cal Neva SP
Menifee East SPCountryside
Winchester Hills SP
Fleming Ranch SP
Newport
Canyon Heights SP
Winchester Hills SP
Menifee North SP
Canyon Cove SP
Menifee North SP
Cantalena
Newport
Plaza del
Menifee North SP
Town Center SP
Countryside
Estates SP
Hub SP
Sol SP
SP
SP
SP
Men
ifee
Rd
Goe
tz R
d
Mur
rieta
Rd
Barn
ett
Rd
Brig
gs R
d
Palo
mar
Rd
Men
ifee
Rd
Ant
elop
e Rd
Sher
man
Rd
Mapes Rd
Watson Rd
San Ja
cinto
Rive
r
Bundy Canyon RdScott Rd
Domenigoni Pkwy
Matthews Rd
Mou
ntai
n Vi
ew P
l
Goetz
Rd
Brig
gs R
d
Hau
n Rd
Brad
ley
Rd
Mur
rieta
Rd
Valle
y Bl
Cherry Hills Bl
Garbani Rd
Craig Ave
Holland Rd
La Piedra Rd
Newport Rd
McLaughlin Rd
McCall Bl
Chambers Ave
Rouse Rd
Ethanac Rd
Keller Rd
Keller Rd
§̈¦215
§̈¦215
General Plan Land Use
0' 1500' 3000' 4500'COMN-01 03/06/12
Agriculture (AG)
Conservation (OS-C)
Recreation (OS-R)
Water (OS-W)
Public/Quasi Public Facilities (PF)
Heavy Industrial (HI) 0.15 - 0.50 FAR
Commercial Office (CO) 0.25 - 1.0 FAR
Commercial Retail (CR) 0.20 - 0.35 FAR
Business Park (BP) 0.25 - 0.60 FAR
Economic Development Corridor (EDC)
Public Utility Corridor (PUC)
Railroad
Specific Plan (SP)
20.1-24 du/ac Residential (20.1-24R)
14.1-20 du/ac Residential (14.1-20R)
8.1-14 du/ac Residential (8.1-14R)
5.1-8 du/ac Residential; 4,000 sf min (5.1-8R)
2.1-5 du/ac Residential; 7,200 sf min (2.1-5R)Rural Mountainous (RM) 10 ac min
Rural Residential 2 ac min (RR2)
Rural Residential 1 ac min (RR1)
Rural Residential 1/2 ac min (RR1/2)
Rural Residential 5 ac min (RR5)
These images illustrate the types of uses envisioned for this EDC area and do not represent specific architecture or amenities, which will be determined as part of final project approval.
Community Core EDC
Exhibit LU-b2e: EDC Community Core (392 acres)
Preferred Mix of Land Uses
Residential 25%
Commercial Retail 10%
Commercial Office 35%
Business Park 30%
Development in the community core is anticipated to be a relatively balanced mix of residential, commercial retail, commercial office, and business park uses. Development that supports and complements existing spe-cific plans and the City’s future Town Center is especially encouraged. Special attention should be paid to Increased walkability and connections to San Jacinto College and future transit nodes. A range of single-family attached and detached housing is appropri-ate, so long as it supports an active city center and helps to create a sense of place. Avoid placement of residential units directly adjacent to the freeway.
Menifee Commercial
SP
The Farm SP
Menifee Village SP
Winchester Hills SP
Menifee North SP
Menifee Valley Ranch SP
Audie Murphy Ranch SP
French Valley SP
Cal Neva SP
Menifee East SPCountryside
Winchester Hills SP
Fleming Ranch SP
Newport
Canyon Heights SP
Winchester Hills SP
Menifee North SP
Canyon Cove SP
Menifee North SP
Cantalena
Newport
Plaza del
Menifee North SP
Town Center SP
Countryside
Estates SP
Hub SP
Sol SP
SP
SP
SP
Men
ifee
Rd
Goe
tz R
d
Mur
rieta
Rd
Barn
ett
Rd
Brig
gs R
d
Palo
mar
Rd
Men
ifee
Rd
Ant
elop
e Rd
Sher
man
Rd
Mapes Rd
Watson Rd
San Ja
cinto
Rive
r
Bundy Canyon RdScott Rd
Domenigoni Pkwy
Matthews Rd
Mou
ntai
n Vi
ew P
l
Goetz
Rd
Brig
gs R
d
Hau
n Rd
Brad
ley
Rd
Mur
rieta
Rd
Valle
y Bl
Cherry Hills Bl
Garbani Rd
Craig Ave
Holland Rd
La Piedra Rd
Newport Rd
McLaughlin Rd
McCall Bl
Chambers Ave
Rouse Rd
Ethanac Rd
Keller Rd
Keller Rd
§̈¦215
§̈¦215
General Plan Land Use
0' 1500' 3000' 4500'COMN-01 03/06/12
Agriculture (AG)
Conservation (OS-C)
Recreation (OS-R)
Water (OS-W)
Public/Quasi Public Facilities (PF)
Heavy Industrial (HI) 0.15 - 0.50 FAR
Commercial Office (CO) 0.25 - 1.0 FAR
Commercial Retail (CR) 0.20 - 0.35 FAR
Business Park (BP) 0.25 - 0.60 FAR
Economic Development Corridor (EDC)
Public Utility Corridor (PUC)
Railroad
Specific Plan (SP)
20.1-24 du/ac Residential (20.1-24R)
14.1-20 du/ac Residential (14.1-20R)
8.1-14 du/ac Residential (8.1-14R)
5.1-8 du/ac Residential; 4,000 sf min (5.1-8R)
2.1-5 du/ac Residential; 7,200 sf min (2.1-5R)Rural Mountainous (RM) 10 ac min
Rural Residential 2 ac min (RR2)
Rural Residential 1 ac min (RR1)
Rural Residential 1/2 ac min (RR1/2)
Rural Residential 5 ac min (RR5)
These images illustrate the types of uses envisioned for this EDC area and do not represent specific architecture or amenities, which will be determined as part of final project approval.
Community Core EDC
Exhibit LU-b2e: EDC Community Core (392 acres)
Preferred Mix of Land Uses
Residential 25%
Commercial Retail 10%
Commercial Office 35%
Business Park 30%
Development in the community core is anticipated to be a relatively balanced mix of residential, commercial retail, commercial office, and business park uses. Development that supports and complements existing spe-cific plans and the City’s future Town Center is especially encouraged. Special attention should be paid to Increased walkability and connections to San Jacinto College and future transit nodes. A range of single-family attached and detached housing is appropri-ate, so long as it supports an active city center and helps to create a sense of place. Avoid placement of residential units directly adjacent to the freeway.
Menifee Commercial
SP
The Farm SP
Menifee Village SP
Winchester Hills SP
Menifee North SP
Menifee Valley Ranch SP
Audie Murphy Ranch SP
French Valley SP
Cal Neva SP
Menifee East SPCountryside
Winchester Hills SP
Fleming Ranch SP
Newport
Canyon Heights SP
Winchester Hills SP
Menifee North SP
Canyon Cove SP
Menifee North SP
Cantalena
Newport
Plaza del
Menifee North SP
Town Center SP
Countryside
Estates SP
Hub SP
Sol SP
SP
SP
SP
Men
ifee
Rd
Goe
tz R
d
Mur
rieta
Rd
Barn
ett
Rd
Brig
gs R
d
Palo
mar
Rd
Men
ifee
Rd
Ant
elop
e Rd
Sher
man
Rd
Mapes Rd
Watson Rd
San Ja
cinto
Rive
r
Bundy Canyon RdScott Rd
Domenigoni Pkwy
Matthews Rd
Mou
ntai
n Vi
ew P
l
Goetz
Rd
Brig
gs R
d
Hau
n Rd
Brad
ley
Rd
Mur
rieta
Rd
Valle
y Bl
Cherry Hills Bl
Garbani Rd
Craig Ave
Holland Rd
La Piedra Rd
Newport Rd
McLaughlin Rd
McCall Bl
Chambers Ave
Rouse Rd
Ethanac Rd
Keller Rd
Keller Rd
§̈¦215
§̈¦215
General Plan Land Use
0' 1500' 3000' 4500'COMN-01 03/06/12
Agriculture (AG)
Conservation (OS-C)
Recreation (OS-R)
Water (OS-W)
Public/Quasi Public Facilities (PF)
Heavy Industrial (HI) 0.15 - 0.50 FAR
Commercial Office (CO) 0.25 - 1.0 FAR
Commercial Retail (CR) 0.20 - 0.35 FAR
Business Park (BP) 0.25 - 0.60 FAR
Economic Development Corridor (EDC)
Public Utility Corridor (PUC)
Railroad
Specific Plan (SP)
20.1-24 du/ac Residential (20.1-24R)
14.1-20 du/ac Residential (14.1-20R)
8.1-14 du/ac Residential (8.1-14R)
5.1-8 du/ac Residential; 4,000 sf min (5.1-8R)
2.1-5 du/ac Residential; 7,200 sf min (2.1-5R)Rural Mountainous (RM) 10 ac min
Rural Residential 2 ac min (RR2)
Rural Residential 1 ac min (RR1)
Rural Residential 1/2 ac min (RR1/2)
Rural Residential 5 ac min (RR5)
These images illustrate the types of uses envisioned for this EDC area and do not represent specific architecture or amenities, which will be determined as part of final project approval.
Community Core EDC
L A ND USE - COMMUNI T Y COR E
EXHIBIT LU-B2E: EDC COMMUNITY CORE (392 ACRES)
GATEWAY AT MENIFEE TOWN CENTER
16
GATEWAY AT MENIFEE TOWN CENTER
17 18
GATEWAY AT MENIFEE TOWN CENTER
COMPARABLES03
19 20
GATEWAY AT MENIFEE TOWN CENTER
3
Haun RdMENIFEE, CA 92586
Sale Price $1,150,000Price/SF $16.04Sale Date 5/6/2016Buyer Yoon Ku Byun
SOLD
NWQ Newport Rd at Haun Rd
MENIFEE, CA 92584Sale Price $3,025,000Price/SF $12.96Sale Date 2/1/2018
Buyer Peninsula Retail Partners
RECENTLY CONSTRUCTED
2
Newport Rd & Sherman RdMENIFEE, CA 92586
Sale Price $4,968,000Price/SF $11.07Sale Date 10/2/2015
Buyer Krikorian Premier Theaters
SOLD
1
#1 Newport Road & Sherman Road, this was a purchase by Krikorian Movie Theaters for a horizontal commercial development.
#2 Haun Road & New Hub Drive, a private investor purchased this property for a hotel development on 5/6/2016 for $1,150,000 ($16.04 PSF).
#3 NWC Newport and Haun Road, Peninsula Retail Partners purchased a 5.36 acre property for $3,025,000 ($12.96 PSF) for a new retail center completed recently.
#4 Town Center Dr, MBK residential purchased 10.22 acres located along town center drive just north of La Piedra Rd for $5,376,500 ($12.08 PSF) to construct a 200 unit luxury apartment development.
4
Town Center DrMENIFEE, CA 92584
Sale Price $5,376,500Price/SF $12.08Sale Date 11/30/2016Buyer MBK Residential
SOLD
L A ND S A L E COMPA R A BL ES
GATEWAY AT MENIFEE TOWN CENTER
21 22
GATEWAY AT MENIFEE TOWN CENTER
DEMOGRAPHICS04
23 24
GATEWAY AT MENIFEE TOWN CENTER
Demographic and Income Comparison Profile92584, Menifee, California Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.67582
Longitude: -117.173201 mile 3 miles 5 miles
Census 2010 SummaryPopulation 9,949 52,764 99,912Households 3,225 18,426 34,479Families 2,559 13,406 25,114Average Household Size 3.08 2.86 2.89Owner Occupied Housing Units 2,351 13,901 26,664Renter Occupied Housing Units 874 4,525 7,815Median Age 31.7 36.6 36.9
2018 SummaryPopulation 10,863 64,973 124,370Households 3,485 21,962 41,455Families 2,743 16,090 30,453Average Household Size 3.11 2.96 3.00Owner Occupied Housing Units 2,489 16,346 31,882Renter Occupied Housing Units 995 5,616 9,573Median Age 32.1 37.3 37.3Median Household Income $76,602 $65,825 $66,843Average Household Income $86,619 $83,114 $86,025
2023 SummaryPopulation 11,828 71,858 137,560Households 3,763 24,025 45,345Families 2,962 17,642 33,401Average Household Size 3.14 2.99 3.03Owner Occupied Housing Units 2,766 18,497 35,982Renter Occupied Housing Units 998 5,527 9,362Median Age 32.1 36.2 36.3Median Household Income $87,758 $79,049 $79,719Average Household Income $102,644 $99,155 $103,280
Trends: 2018-2023 Annual RatePopulation 1.72% 2.03% 2.04%Households 1.55% 1.81% 1.81%Families 1.55% 1.86% 1.87%Owner Households 2.13% 2.50% 2.45%Median Household Income 2.76% 3.73% 3.59%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
September 06, 2018
©2018 Esri Page 1 of 7
Demographic and Income Comparison Profile92584, Menifee, California Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.67582
Longitude: -117.17320
1 mile
AreaStateUSA
Trends 2018-2023Trends 2018-2023
Ann
ual R
ate
(in
perc
ent) 3
2.5
2
1.5
1
0.5
Population Households Families Owner HHs Median HH Income
20182023
Population by AgePopulation by Age
Perc
ent
2220181614121086420
0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2018 Household Income 2018 Household Income
< $15K5.9%
$15K - $24K6.9%
$25K - $34K7.0%
$35K - $49K12.6%
$50K - $74K16.1%
$75K - $99K17.8%
$100K - $149K20.5%
$150K - $199K10.2%
$200K+3.1%
2018 Population by Race2018 Population by Race
Perc
ent
65605550454035302520151050
White Black Am.Ind. Asian Pacific Other Two+ Hisp
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
September 06, 2018
©2018 Esri Page 5 of 7
25
GATEWAY AT MENIFEE TOWN CENTER
JASON KIMMEL [email protected] Lic. 01328121
TIM WINSLOW [email protected] Lic. 00891667
KEVIN NOLEN [email protected] Lic. 01840398
PRESENTED BY:
MIXED USE DEVELOPMENT OPPORTUNITY ON HAUN ROAD
MENIFEE, CA
GATEWAY AT MENIFEE TOWN CENTER