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RAMONA EXPRE SSWAY STATE STREET LAS COLINAS 96.8 ACRES RESIDENTIAL LAND AVAILABLE FOR SALE

LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

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Page 1: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

RAMONA EXPRESSWAY

STA

TE

ST

RE

ET

LAS COLINAS96.8 ACRES RESIDENTIAL LAND AVAILABLE FOR SALE

Page 2: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

2 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. PROPERTY INFORMATION

3. LOCATION INFORMATION

4. CONTACT INFORMATION

LAS COLINAS

Page 3: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

1EXECUTIVE SUMMARY

Page 4: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

4 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

EXECUTIVE SUMMARY

Las Colinas of San Jacinto is an approved Tentative Tract Map 32376 for 337 single family detached lots in the City of San Jacinto, California. Las Colinas of San Jacinto is a completely flat site with all offsite improvements completed. Engineering is complete for the site and final maps are ready to record.

The property is located along the Ramona Expressway, a major thoroughfare connecting the I-215 Freeway, Perris, Hemet, and San Jacinto. The property is just east of State Street (Highway 79) and Sanderson Avenue, offering easy access to the I-10 Freeway and the Beaumont and Banning area.

The City of San Jacinto is a fast growing area with several new commercial developments and master planned communities. The area offers affordable housing to families and seniors with home prices starting in the mid $200,000’s. Developers in the area include KB Homes, DR Horton’s Express Homes, K. Hovnanian, Frontier Communities and DCI Homes.

LAS COLINAS

Page 5: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

2PROPERTY OVERVIEW

Page 6: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

PROPERTY DETAILS

LOCATION: The subject property is located on the W. Ramona Expressway just east of State Street in the City of San Jacinto in Riverside County, California.

JURISDICTION: City of San Jacinto

PURCHASE PRICE: $4,381,000$45,258 per acre$13,000 per lot

SIZE: 96.8 acres

PROPERTY HIGHLIGHTS

• 337 lots with approved TTM 32376

• 15 minute drive to I-10 freeway

• Frontage on a major thoroughfare

• Located along Ramona Expressway with easy access to the 1-215

• Tens of thousands of projected new jobs within the direct vicinity due to 20+ million SF of new and proposed industrial developments

• Surrounded by several new shopping centers

6 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 7: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

SITE PLAN

PROPERTY INFORMATION | 7

Page 8: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

W RAMONA EXPRESSWAY

N S

TAT

E S

TR

EE

T

8 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 9: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

The site is 96.8 acres with approved TTM

32376 for 337 lots. Final engineering is

complete and the property is ready to record.

ZONING INFORMATION

W RAMONA EXPRESSWAY

PROPERTY INFORMATION | 9

Page 10: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

PARCEL MAP

10 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 11: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

DEVELOPMENT IMPACT FEES

Item Amount/UnitSignalization Improvement $133.91Water Capital Improvement $2,930.00Sewer Connection $200.00Fire Mitigation $577.00Car Pool Mitigation $90.00Administration $20.00Police Facilities $198.00Fire Facilities $212.00Park Facilities $598.00Park Land Acquisition $1,131.00Park Land Improvement $1,290.00Community Amenities $630.00Goverment Services Facilities $408.00Streets and Roads $1,468.00Bikeways $49.00Traffic Signals $256.00

Total Per Unit $10,190.91

PROPERTY INFORMATION | 11

Page 12: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

12 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 13: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

3LOCATION OVERVIEW

Page 14: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

RAMONA EXPRESSWAY

STATE STREET

14 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 15: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

SITE

RAMONA EXPRESSWAY

S SA

ND

ERSO

N AVEN

UE

WA

RR

EN STR

EET

FLORIDA AVENUE

W ESPLANADE AVENUE

COTTONWOOD AVENUE STATE STREET

N RAMONA BOULEVARD

SAN

JAC

INTO

AVENU

E

MAIN STREET

Prices Range from $256,990 - $309,990

Prices Range from $275,990 - $279,990

Prices Range from $267,490 - $299,999

PROPERTY INFORMATION | 15

Page 16: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

1 Mile 3 Mile 5 Mile

Population2021 Projection 6,663 48,102 127,7322016 Estimate 6,277 45,403 121,4292010 Census 5,967 42,435 114,525Growth 2016 -2021 1.20% 1.16% 1.02%

Households2021 Projection 2,137 14,174 42,0092016 Estimate 2,032 13,500 40,3142010 Census 1,961 12,918 38,934Growth 2016 -2021 1.01% 0.98% 0.83%

2016 Est. Population by Single-Classification RaceWhite Alone 3,665 25,302 73,979Black Alone 314 2,808 7,473American Indian Alone 109 800 2,472Asian Alone 98 1,233 3,144Pacific Islander Alone 35 133 333Some Other Race Alone 1,714 12,451 27,001Two or More Races 343 2,678 7,027Hispanic Origin (Any Race) 3,456 25,281 57,817

2016 Average Household Income $56,709 $58,449 $55,565

DEMOGRAPHICS

16 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 17: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

Riverside County is one of the fastest growing counties in the United States, leading the rapidly changing Inland Empire market, with rivers, mountain peaks, deserts and fertile valleys, Riverside County offers diversity that few locations can match. More than two million people live in Riverside County, making it the fourth most populous county in California, taking advantage of affordable housing, nearby beaches, mountains, hiking and bike trails, the Wine Country near Temecula and resorts that offer oases in the desert. Riverside County covers 7,208 square miles in Southern California. Together, Riverside and San Bernardino Counties have been dubbed the Inland Empire.

California’s fourth largest county by population is expanding its economy, working to diversify beyond the housing industry that has driven the region’s economy for years.

Centrally located in the heart of Southern California; Riverside County borders San Bernardino, Orange and San Diego Counties. Interstate 10 runs through the entire County from east to west, and Interstates 15 and 215 connect Riverside County with San Diego County and San Bernardino County. Highway 60 and 91 link Riverside County to Los Angeles and Orange Counties. Attractive to many businesses, rail service connects Riverside County businesses with important markets, ports of entry, and key airports to expedite major national and international commerce transactions. Metrolink provides a large number of commuters from Riverside to Los Angeles, Orange and San Bernardino Counties In addition, Riverside County is presently served by 3 airports including the rapidly expanding Ontario international Airport: Palm Springs International Airport and San Bernardino International Airport.

RIVERSIDE COUNTY

CENSUS 2010 SUMMARYPopulation 2,189,641Households 686,260Median Age 33.7

2015 SUMMARYPopulation 2,302,403Households 716,787Median Age 34.2Median Household Income $54,991Average Household Income $75,849

2020 SUMMARYPopulation 2,435,985Households 754,636Median Age 34.8Median Household Income $63,928Average Household Income $86,865

TRENDS: 2015 - 2020 ANNUAL RATEPopulation 1.13%Households 1.03%Median Household Income 3.06%

DEMOGRAPHICS

LOCATION INFORMATION | 17

Page 18: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

Florida Avenue

Ramona Expressway

N Sa

nderson A

venue

Domenigoni Parkway

Gilman Springs Road

State Street

W

inchester Road

Wa

rren Street

Esplanade Avenue

N. Perris Bouleva

rd

Alessandro Boulevard

Nuevo Road Juniper Flats Road

Stetson Avenue

Ironwood Avenue

Hemet

Moreno Valley

Perris

Canyon Lake

Beaumont

Menifee

San Jacinto

10 minutes to the I-10 freeway

18 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 19: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

4CONTACT INFORMATION

Page 20: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

BRANDONSUDWEEKS SUDWEEKS DEVELOPMENT AND INVESTMENT COMPANY LLC

ONE BETTERWORLD CIRCLESUITE 301TEMECULA, CA 92590PHONE: 951 200 7683FAX: 951 239 [email protected] LICENSE: 01435174

Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations in San Diego, Temecula and Ontario, CA. The CBC SC team offers full-service commercial real estate services including brokerage, property management and investment services. Brandon is committed to providing first class commercial real estate services, while maintaining a small business culture. Brandon is a highly qualified investment and land development specialist. He has completed real estate transactions valued in excess of 1 billion. Brandon has been recognized for his achievements in commercial real estate by several national real estate trade magazines including Real Estate Forum Magazine, Costar and Globe Street.He is highly sought out as a key-note-speaker and moderator in many commercial real estate events and conferences. Prior to CBC SC, Brandon spent several years in commercial real estate development as the sales and acquisitions manager for Sudweeks Development. He helped successfully complete several commercial real estate office and medical developments and sold thousands of residential lots in award winning subdivisions. His extensive background in real estate development provides his clients with a unique approach to brokerage services.RECOGNITION/AWARDS• Coldwell Banker Commercial Elite (Top 15 Companies World Wide): 2013, 2014, 2015• Real Estate Forum “Tomorrows Leaders” in 2014• Real Estate Forum “Top 40 Brokers Under 40” in 2011• Economic Development Corporation “Best Emerging Businesses Nomination” 2012• Costar Power Broker: 2011, 2012, 2013, 2014• Coldwell Banker Commercial Company Record in 2011 as the Youngest Franchise Owner on RecordSPEECHES AND PRESENTATIONS• RealShare San Diego Conference 2016 - Moderator - Developing San Diego Power Panel• Coldwell Banker Commercial Global Conference 2016 - Moderator• Coldwell Banker Commercial Conference 2015 – Speaker – NNN Leased Investments• San Diego RealShare Conference 2015 – Speaker – Development Update• San Diego RealShare Conference 2015 – Moderator – A Visionary Market Outlook for San Diego• Inland Empire RealShare Conference 2015 – Moderator – Development Update• Coldwell Banker Commercial Global Conference 2014 – Speaker – Corporate Services Update• CCIM Los Angeles Chapter Event 2014 – Speaker – Building a Power Team• Coldwell Banker Commercial Global Conference 2013 – Speaker – Emerging Leaders• Advanced Commercial Real Estate with Jim Gillespie 2012 – Key Note Speaker• Coldwell Banker Commercial Regional Conference 2012 – Speaker – Southern California Sales Leaders• Crittenden Conference San Diego 2012 – Moderator – How to Sell and Lease in Today’s MarketDESIGNATION, MEMBERSHIPS AND BOARDS• Coldwell Banker Commercial Advisory Board Member, 2015-2016• Certified Commercial Investment Member (CCIM)• International Council of Shopping Centers (ICSC)• National Association of Industrial Office Professionals San Diego (NAIOP)• Economic Development Corporation (EDC) – Board Member• Lake Elsinore Chamber of Commerce – Board Member• Chamber of Commerce Member, Temecula, Murrieta, Lake Elsinore, Menifee, Hemet, Redlands, San Bernardino, Ontario, San Diego

20 | RAMONA EXPRESSWAY | SAN JACINTO | CALIFORNIA | 92583

LAS COLINAS

Page 21: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

TEDHILLOCK

32823 TEMECULA PARKWAYSUITE ATEMECULA, CA 92592PHONE: (951) 313-5309CALBRE LICENCE: 00707072

Ted Hillock is a dynamic, entrepreneurial real estate broker with extensive experience in a broad range of real estate and land sales. He has worked in the Inland Empire for over 35 years, serving home builders and land developers. He has experience in all areas of land development, including project management, entitlement processes, builder relations and feasibility assessments.

As a land specialist, Ted has a vast understanding of site feasibility evaluations and analysis for residential projects and commercial developments including; conditions of current zoning, availability of utilities, environmental conditions, and impact of development on surrounding properties. He recognizes the value of entitled property and can offer both buyers and sellers realistic expectations to the value of a property.

Ted has specialized as a land broker with Coldwell Banker Commercial, Rancon Real Estate, Rancon Real Estate Builder Developer Division and Prudential New Home Sales.

CONTACT INFORMATION | 21

Page 22: LAS COLINAS - LoopNet · Brandon Sudweeks leads the Coldwell Banker Commercial SC (CBC SC) team of more than 30 commercial real estate professionals in three offices, with locations

Brandon SudweeksPRESIDENT

[email protected]

CalBRE # 01435174

Ted Hillock

951.313.5309CalBRE # 00707072

COLDWELL BANKER COMMERCIAL SCONE BETTERWORLD CIRCLE, SUITE 301

TEMECULA, CA 92590(951) 200-7683

CBCSOCALGROUP.COM