Inland Valley Medical Center ASKING PRICE: $2,975,000 The ...

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


MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA

FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES

Vista MurrietaHigh School

TovashalElementary School

Clinton Keith Rd

SUBJECTPROPERTY

Inland ValleyMedical Center

230 ApartmentsUnder Construction

Future Retail

• Approximately 7.1 Usable Acres• Panoramic Mountain and Valley Views• Density 10.1-15 DUs/Acre• Murrieta Valley Unified School District

ASKING PRICE: $2,975,000

Antelope Hills Elementary School

AvaxatElementary School

The ColonyGolf Course

Mitchell Rd

Duster Rd

2Lee & 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






PAGE CONTENT

3 AERIALS

5 LOCATION MAP

6 YIELD STUDY

7 ALTA SURVEY

8 PROPERTY INFO

10 DOCUMENT LINKS

11 CITY FEES

12 PARCEL MAP

13 COMPARABLE HOME SALES

SUBJECTPROPERTY

Mitchell Rd

Clinton Keith RdMcElwain Rd

Duster Rd

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.


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESA

ERIA

LS

Mitchell Rd

Greer Rd

SUBJECTPROPERTY

Duster Rd230 Apartments

Under Construction

Future Retail


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESA

ERIA

LS

Clinton Keith Rd

McE

lwai

n Rd

Greer Rd

N

Duster Rd

Catt Rd230 Apartments

Under Construction

SUBJECTPROPERTY

Mitchell Rd

Future Retail


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES LO

CAT

ION

MA

P LAKE MATTHEWS

HEMET

LAKE PERRIS

Mt. San JacintoState Park

SantiagoPeak

SAN JACINTO

MENIFEE

MURRIETALAKE ELSINORE

SUBJECT PROPERTY

N

MIT

CHEL

L RO

AD

MURRIETA OAKS AVE

GREE

R RO

AD

MC ELW

AIN RO

AD

CLINTON KEITH ROAD

SUBJECT PROPERTY


AL APUZZO760.448.2442






6

Developable Pad "A"

96' ROW

4.5 AC (NET)

Pahl R

oad

30' R

oad

Ded

icat

ion

Bio Retention Basin Bio Retention Basin50'

50'

55 DU12.2 DU / AC

Developable Pad "B"2.6 AC (NET)

32 DU12.3 DU / AC

MURRIETA, CA

FIREMAN'S CIRCLE

KTGY # 2015-0868

0 25' 50' 100'

The True Life Companies23 Corporate Plaza, Suite 150Newport Beach, CA 92660949.629.2523

11.20.2015

KTGY Group, Inc.Architecture+Planning17911 Von Karman Ave., Suite 200Irvine, CA 92614949.851.2133ktgy.com

Project SummaryTotal Site Area: 13.7 AcresNet Area: 7.1 AcresSlope + Pahl Road: 6.6 AcresTotal Residential Units (60' x 70' Duplex): 87 DUDensity (Net): 12.3 DU/AC

Residential Parking RequiredDuplex

87 DU x 2.0 174

Residential Parking ProvidedPrivate Garages 174Driveway 24Open Parking 37Total Onsite Parking Provided 235 (2.7/unit)

Assumptions:1. Standard stall dimension of 9'x18' and parallel space dimension of 8'x22'2. Setbacks, slopes, parking dimensions, aisle widths and other requirements to be confirmed by civilengineer

YIEL

D S

TUD

Y

*Conceptual only


AL APUZZO760.448.2442






7

CLICK HERE TO VIEW FULL ALTA SURVEY

ALTA

SUR

VEY

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/ALTA_Full.pdf


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESPR

OPE

RTY

INFO

Location:

Jurisdiction: CityofMurrieta

APN#: 392-220-13,17&18-00

Acreage: 14GrossAcres-Approx.Usable7.1Acres

ExistingStructures: A1,344SF,2Bed/2BathHomewithanadjacent600SFApartment;a900SF2Bed/1BathHome;anda1,976SF3Bed/2BathDen Home.

Topography: GentlyRolling,SteeponNorthSide

Zoning: Multi-Family-1(MF-1)

ZoningBaseDensity: 10.1-15.0DwellingUnitsPerAcre

GeneralPlan: Multi-FamilyResidential(MFR)

GeneralPlan BaseDensity: 10.1-30DwellingUnitsPerAcre

MaximumCoverage: 35%

ProposedProject:

Off-siteImprovements:

CityFees: Approximately$50,335persinglefamilylotand$39,723permulti-familyunit

Locatedat35600&35700MitchellRoad,and35810DusterRoad,California,thepropertyfeaturesrusticviewswhilemaintainingcloseproximitytohighendcommercialandretaildevelopmentsthatinclude:upscalegrocery,restaurants,andshopping.Approximately1/4milenorthofClintonKeithRoadand lessthan1/2 milewestof Interstate215,thissitewillprovidecommuterswithquick,convenientaccessandashortdrivetoallofRiverside,SanBernardino&SanDiegoCounties.

Thesubjectpropertyisrawland,buthasseveralstudiesthatwerecompletedincluding:Geotechnical,PhaseI,someCivil,Archeology,Biological,andaMarketStudy.PahlRoadwillneedtobeimprovedtobisectthesite.

MitchellRoadandallutilitiesarebeingimprovedtothesubjectpropertyaspartofthedevelopmentcurrentlyunderconstructiononthesouthboundaries.


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESPR

OPE

RTY

INFO

CurrentMarketStudy:

SchoolDistrict: MurrietaValleyUnifiedSchoolDistrict •AntelopeHillElementary-891API •ShivelaMiddleSchool-834API •VistaMurrietaHighSchool-844API

Services: Water/Sewer: EasternMunicipalWaterDistrict Electricity: SouthernCaliforniaEdison Gas: SouthernCaliforniaGasCompany Fire: MurrietaFireDept. Police Murrieta Police Dept.

Asking Price: $2,975,000

TheMarketInsiteMarketStudyreflectstotalpricingaveragefortwostoryrowtownhomesof$319,043,$205/SF,withnetbasepriceof$300,750or$194/SFat4.0salespermonth,1,280-1,940SFin4plansandtotalpricingaverageforcountyandhomesof$370,440,$184/SF,withnetbasepriceof$349,250,$173/SF,at4.0salespermonth,1,827-2,430/SFin4plans.


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESD

OC

UMEN

T LIN

KS

CLICK TO VIEW DOCUMENT LINKS

I. ARCHEOLOGY

II. BIOLOGY

III. CIVIL ENGINEERING

IV. DRY UTILITIES

V. ENVIRONMENTAL

VI. FORWARD PLANNING

VII. GEOTECHNICAL

VII. MARKET STUDY

IX. MITCHELL ROAD ALIGNMENT STUDY

X. SITE PLAN

XI. ZONING AND DEVELOPMENT CODE

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/Archeology.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/Biology.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/civil_engineering.zip

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/DryUtilities.zip

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/EnvironmentalFULL.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/ForwardPlanning.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/IvyRidge/BuildingProforma.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/Geotechnical.zip

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/MarketStudy.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/MitchellRdAlignStudy.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/SitePlan.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/ZoningCode.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/MitchellRd_Murietta/ForwardPlanning.pdf


AL APUZZO760.448.2442





FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESC

ITY

FEES

Item SFR MFRSchool Fees ($3.36/SF) 8,400$ 4,200$Murrieta Development Impact Fees 10,297$ 6,527$County TMF Fee 8,873$ 6,231$MSHCP Fee 1,250$ 1,250$Kangaroo Rat Fee 500$ 500$Murrieta Valley Drainage Fee 4,139$ 4,139$Water Financial Participation Charge (1 EMS) 4,883$ 4,883$Water Meter Drop In Fee (5/8") 285$ 285$Water Meter Installation Fee (5/8") 3,550$ 3,550$Water Supply Development Fee 300$ 300$Sewer Financial Participation Charge 2,586$ 2,586$Sewer Treatment Plant Capacity Charge 5,272$ 5,272$

TOTAL PER UNIT 50,335$ 39,723$

Murrieta, CA

Estimated Development FeesPer Approximate 2,500 SF Single Family Unit & 1,250 SF Multi-Family Unit


AL APUZZO760.448.2442






12

PARC

EL M

AP

Tax Map 35810 Duster Rd, Murrieta, CA 92562

Tax Map 35810 Duster Rd, Murrieta, CA 92562 3/16/2016 Page 1 (of 1)

©2005-2016 First American Financial Corporation and/or its affiliates. All rights reserved.

Limitation of Liability for Informational ReportIMPORTANT – READ CAREFULLY:THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE CONDITIONOF TITLE TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE COMMITMENT ORPRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY FOR THE BENEFITOF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT MAY NOT BEREPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT REPRESENT ORWARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS PROVIDEDWITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION GIVEN INEXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY LOSS ORDAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS REPORTSHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND AGREESTHAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE. FIRSTAMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THEINFORMATION HEREIN.


AL APUZZO760.448.2442






Project Name Builder Name City Master Plan Open Date Product TypeTypical Lot

SizeUnit

Size Min

Unit Size Max MinPrice MaxPrice Min $/SF Max $/Sf

Total Units

Planned

Total Units Sold

Total Remaining

Sales Rate

Sales Rate (Last 3 Months)

Zip Code

Juniper at Spencer's Crossing Brookfield Residential Murrieta Spencer's Crossing 6/11/2016 Detached 7540 3212 4091 466,000$ 490,000$ 119.78$ 145.08$ 114 28 86 2.6 1.7 92563Nectar Brookfield Residential Murrieta Spencer's Crossing 6/11/2016 Detached 5500 2112 2885 386,000$ 429,000$ 148.70$ 182.77$ 50 40 10 3.5 1.7 92563Calistoga at The Promontory Cornerstone Communities Murrieta The Promontory 10/20/2016 Detached 3000 1771 2032 380,990$ 418,990$ 206.20$ 215.13$ 64 6 58 0.8 1 92563Dakota D.R. Horton Murrieta - 8/14/2015 Detached 8000 2806 3929 425,990$ 598,990$ 152.45$ 151.81$ 90 86 4 4 2.7 92563Gallery Estates in Murrieta Gallery Homes Murrieta - 10/27/2016 Detached 22000 4185 4473 911,000$ 985,000$ 220.21$ 217.68$ 10 6 4 0.8 1 92562Acacia at Mahogany Hills KB Home Murrieta - 3/15/2014 Detached 7200 2343 2894 409,990$ 436,990$ 151.00$ 174.99$ 196 173 23 4.4 3.7 92563Hawthorne at Mahogany Hills KB Home Murrieta - 12/13/2014 Detached 8000 1698 2925 383,990$ 499,015$ 170.60$ 226.14$ 120 113 7 3.9 4 92563Ironwood of Mahogany Hills KB Home Murrieta - 3/1/2014 Detached 9100 2628 4506 465,520$ 578,000$ 128.27$ 177.14$ 184 181 3 4.6 4 92563Seneca KB Home Murrieta - 4/20/2015 Detached 2950 1649 2321 359,990$ 430,870$ 185.64$ 218.31$ 54 42 12 1.6 5 92563Arroyo Vista Lennar Murrieta - 9/24/2015 Attached - 1336 1580 309,990$ 348,990$ 220.88$ 232.03$ 184 146 38 7.2 3.7 92563Rancho Bella Vista/Cambria Lennar Murrieta - 9/21/2013 Detached 6300 1940 3823 403,990$ 514,857$ 134.67$ 208.24$ 156 155 1 3.5 2 92563Meadowlark Pulte Homes Murrieta - 10/1/2014 Detached 10000 3253 4403 521,990$ 559,990$ 127.18$ 160.46$ 109 97 12 3.1 2.7 92563Sycamore Richmond American Homes Murrieta Spencer's Crossing 6/19/2016 Detached 7500 2805 3464 433,990$ 463,990$ 133.95$ 154.72$ 55 34 21 3 5.3 92563Villas at Bear Creek Unknown Murrieta - 3/1/2016 Detached 19734 2246 2334 499,900$ 517,900$ 221.89$ 222.57$ 6 5 1 0.3 0.3 92562Laurel Woodside Homes Murrieta Spencer's Crossing 7/30/2016 Detached 7200 2410 3199 393,990$ 445,490$ 139.26$ 163.48$ 92 24 68 2.5 3.3 92563Ventana at Creekside Village Woodside Homes Murrieta - 1/28/2017 Detached 2200 1911 2377 347,990$ 372,990$ 156.92$ 182.10$ 83 0 83 - - 92563

NEW HOME SALES COMPARABLES

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[email protected] Lic#01367183

AL APUZZO760.448.2442

[email protected] Lic#01323215

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Inland Valley Medical Center ASKING PRICE: $2,975,000 The ...

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