WIN

DHOV

ER W

AYPACHECO BLVD

WINDHOVER PACHECO

ZACHARY LEBEOUF Managing Director925.974.0128 zachary.lebeouf@ngkf.comCA RE License #01954043

FORREST GHERLONE Senior Managing Director925.974.0237 fgherlone@ngkf.comCA RE License #01376723

MIKE ZYLSTRA Senior Managing Director925.974.0106 mzylstra@ngkf.comCA RE License #01310041

Multi-Family Development Opportunity

Martinez, CA

16 Units with Recommended County Approvals

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EXECUTIVE SUMMARY// WINDHOVER PACHECONewmark Knight Frank is pleased to offer the exclusive opportunity to acquire Windover Pacheco (the “Site” or “Property”), a 0.75 acre parcel located just of Pacheco Blvd. in Martinez, California (in unincorporated Contra Costa County). As recently as June, 2020 the County recommended the Site be approved for 16 multi-family units (subject to certain conditions).

OFFERING HIGHLIGHTSPrice $850,000Location Pacheco Blvd. at Windover Way / Martinez, CAAPN 380-220-066-1Site 0.75 Acres – mostly rectangular with flag entrance

• Previously conditionally approved for 16 multi-family units• Designed for potential future condominium conversion• Well-located site just off heavily-trafficked Pacheco Boulevard• Housing values have seen outstanding growth in the Martinez/Pacheco market in the past few years

HWY

4 HERCULES/VALLEJOCONCORD/WALNUT CREEK

PACHECO BLVDPACHECO BLVDWINDHOVER W

AYW

INDHOVER WAY

MORELLO AVE

MORELLO AVE

PROPERTY INFORMATION

HOME SALES (LAST 30 DAYS)

Lot Coverage ±32,670 SFBuilding Footprint ±7,449 SFTotal SF (2 Stories) ±14,124 SF

Units SF1 Bedroom 3 ±650 SF2 Bedroom 13 ±830 SFTotal 16Zoning R-6 M-29Road & Parking ±9,764 SF

Median List Price $650,000Median $/PSF $426Median Sale/List 102.6%# Sold Homes 58

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PROPERTY // WINDHOVER PACHECO

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RENT COMPS DETAIL//

Unit Type Avg. SF Units Per Unit Per SF1 Bd / 1 Ba 719 21 $1,975 $2.75

2 Bd / 2 Ba 1076 21 $2,375 $2.21 Total/Avg 898 42 $2,175 $2.42

Unit Type Avg. SF Units Per Unit Per SF2 Bd / 1 Ba 850 17 $2,150 $2.53

2 Bd / 2 Ba 924 13 $2,250 $2.44 Total/Avg 882 30 $2,193 $2.49

Unit Type Avg. SF Units Per Unit Per SF1 Bd / 1 Ba 670 37 $2,150 $3.21

2 Bd / 1 Ba 833 131 $2,335 $2.80 Total/Avg 797 168 $2,294 $2.88

Unit Type Avg. SF Units Per Unit Per SF0 Bd / 1 Ba 550 28 $1,819 $3.31

1 Bd / 1 Ba 675 24 $2,085 $3.09 2 Bd / 1 Ba 903 22 $2,187 $2.42 2 Bd / 2 Ba 975 34 $2,344 $2.40 Total/Avg 783 108 $2,118 $2.70

CASCARA CANYON // Built: 2014720 Shell Ave / Martinez, CA

SOMERSET APARTMENTS // Built: 19871455 Arnold Drive / Martinez, CA

TERRA MARTINEZ // Built: 1985 130-152 Fig Tree Ln / Martinez, CA

HAVEN MARTINEZ // Built: 1984486 Morella Ave. / Martinez, CA

WINDHOVER PACHECO

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MARTINEZPACHECO BLVDPACHECO BLVD

RENT COMPS MAP//

4 | HAVEN MARTINEZ

3 | SOMERSET APARTMENTS

2 | TERRA MARTINEZ

1 | CASCARA CANYON

WINDHOVER PACHECO

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34

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SUBJECT PROPERTY

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SALE COMPS DETAIL//

Price Units SF $/Unit $/SF Sale Date

$1,250,000 4 2,900 $312,500 $431 6/12/2020

Price Units SF $/Unit $/SF Sale Date

$1,545,000 3 3,394 $515,000 $455 On Market

Price Units SF $/Unit $/SF Sale Date

$1,265,000 4 3,360 $316,250 $376 6/19/2020

Price Units SF $/Unit $/SF Sale Date

$1,250,000 3 3,795 $416,667 $329 On Market

Price Units SF $/Unit $/SF Sale Date

$1,500,000 4 2,530 $375,000 $593 4/2/2020

Built: 19631409 Berrellesa Street / Martinez, CA

Built: 2003760-768 Stubbs Road /Pleasant Hill, CA

Built: 1964250 Arana Drive / Martinez, CA

Built: 2020465 E Santa Fe Ave / Pittsburg, CA

Built: 2003334 Main Street / Martinez, CA

WINDHOVER PACHECO

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MARTINEZ

PITTSBURG

CONCORD

PLEASANT HILL

SALE COMPS MAP//

1 | 1409 Berrellesa Street 3 | 334 Main Street 2 | 250 Arana Drive 4 | 760-768 Stubbs Road 5 | 465 E Santa Fe Ave

WINDHOVER PACHECO

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SUBJECT PROPERTY

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WIN

DHOV

ER W

AYPACHECO BLVD

ZACHARY LEBEOUF Managing Director925.974.0128 zachary.lebeouf@ngkf.comCA RE License #01954043

FORREST GHERLONE Senior Managing Director925.974.0237 fgherlone@ngkf.comCA RE License #01376723

MIKE ZYLSTRA Senior Managing Director925.974.0106 mzylstra@ngkf.comCA RE License #01310041

DISCLAIMERThis Memorandum does not constitute a representation that the business or affairs of the Property or Seller since the date of preparation (DATE) of this Memorandum have remained the same. Analysis and verification of the information contained in this Memorandum are solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the Property will be made available upon written request of interested and qualified prospective purchasers. Seller and Agent each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property, and/or terminate discussions with any party at any time with or without notice. Seller reserves the right to change the timing and procedures for the Offering process at any time in Seller’s sole discretion. Seller shall have no legal commitment or obligations to any party reviewing this Memo-randum, or making an offer to purchase the Property, unless and until such offer is approved by Seller, and a written agreement for the purchase of the Property has been fully executed and delivered by Seller and the Purchaser thereunder.

This Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not forward, photocopy or duplicate it, that you will not disclose this Memorandum 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 Seller or Agent, and that you will not use this Memorandum or any of the contents in any fashion or manner detrimental to the interest of Seller or Agent.

WINDHOVER PACHECO