235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH

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


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


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

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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.

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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

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ERIA

LS

W

SUBJECTPROPERTY


PACIFIC OCEAN

SANTEEEL CAJON

DOWNTOWN SAN DIEGO

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ERIA

LS

SUBJECTPROPERTY

Old Hwy 80

Lake Jennings Park Rd

60’ Access EasementFuture

Roundabout

FUTURE RETAIL

Ridge Hill Rd SE

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ERIA

LS


PACIFIC OCEAN

Hwy 8 BusinessSUBJECTPROPERTY

60’ Access Easement


Future Roundabout

FUTURE RETAIL

Ridge Hill Rd

SW


EL CAJON

DOWNTOWN SAN DIEGO

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ERIA

LS

S/W

Lake Jennings

SUBJECTPROPERTY

PACIFIC OCEAN

E

SANTEE SANTEEEL CAJON

DOWNTOWN SAN DIEGO

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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

SUBJECTPROPERTY

N CHULA VISTA

LA JOLLA

PACIFIC BEACH

CORONADO

SPRING VALLEY

SUBJECTPROPERTY

LAKE JENNINGS

Hwy 8 Business

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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



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CO

ST E

STIM

ATES

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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



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SITE PLAN

MAPS & AERIALS

Colliers International | Accelerating success. | www.colliers.com

CONCEPTUAL ONLY

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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

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TENTATIVE MAP

MAPS & AERIALS


CONCEPTUAL ONLY

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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



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RIOS CANYON - LAKESIDE, CA

235+ LOTS | RIOS CANYON RANCHM

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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


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


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

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/RiosCanyon/MeyersResearchRiosCanyonUpdateReport.pdf

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[email protected] Lic# 01367183



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



235-485 LOT ENTITLEMENT OPPORTUNITY | RIOS CANYON RANCH

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