1.14 net acres - graded commercial pad · íïñì^ xd >z k^ z/s s s/^ du al apuzzo 760.448.2442...

FOR ADDITIONAL INFORMATION:

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

1350 S. MELROSE DRIVE - VISTA, CA

AL [email protected] BRE LIC #01323215

ISAAC [email protected] BRE LIC #01702879

RUSTY WILLIAMS, [email protected] BRE LIC #01390702

S. Melrose Dr

Sunse

t Dr

Cannon Dr

Lake ElementarySchool

Breeze Hill Elementary School

Superior CourtNorth County

San Diego CountySheriff’s Dept.

Madison MiddleSchool

Oak Riparian Park

Vista AdultSchool

SUBJECTPROPERTY

SALE PRICE: $1,200,000• C-1 Zoning (Commercial)• Rough Graded Pad• 3.47 Acres Gross (Net can be Expanded)• City Desires Active Use• 33,000 ADT

1.14 NET ACRES - GRADED COMMERCIAL PAD

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PAGE CONTENT

3 AERIAL

4 LOCATION MAP

5 PROPERTY INFO

6 PLAT MAP

7 AS-BUILT PAD

8 SEWER LINE MAP

9 SALE COMPARABLES

10 LEASE COMPARABLES

13 DEMOGRAPHICS

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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1.14 NET ACRES - GRADED COMMERCIAL PADA

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S. Melrose Dr

SUBJECTPROPERTY

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1.14 NET ACRES - GRADED COMMERCIAL PAD LO

CAT

ION

MA

P

DEL MAR

SOLANA BEACH

ENCINITAS

CARLSBAD

OCEANSIDE

CAMP PENDLETON

VISTA

SAN MARCOS ESCONDIDO

POWAY

PALOMAR MOUNTAIN

SAN DIEGO COUTNRY ESTATES

78

N

FALLBROOK

SUBJECT PROPERTY

PALOMAR AIRPORT

MELRO

SE DR

CANNON RD

SUNSET DR

CIV

IC

CEN

TER

DR

SUBJECT PROPERTY

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LOCATION:

JURISDICTION: City of Vista

APN: 169-180-27-00 ACREAGE: 3.47 Gross Acres (1.14 Net)

PROJECT STATUS: Rough Graded

TOPOGRAPHY: Flat

TRAFFIC COUNTS: S. Melrose Dr - 33,00 ADT; Cannon Rd. - 12,000 ADT

ZONING: C-1 (Commercial)

MAX FAR: 1.0

MAX HEIGHT: 35’

SERVICES Water/Sewer Vallecitos Water District Electricity/Natural Gas SDG&E Fire Vista Fire Dept. Police SD County Sheriff’s Dept.

SCHOOL DISTRICT: Vista Unified School District

SALE PRICE: $1,200,000

PRO

PERT

Y IN

FO

PROPERTY FEATURESThe property is located at the east side of S. Melrose Drive, just north of Cannon Road in the City of Vista, County of San Diego. Positioned less than 1 mile south of Highway 78, this site is ideally suited for commercial development on one of Vista’s busiest roads. With excellent accessibility and street visibility, this site presents developers, builders, and investors with tremendous retail or commercial development opportunity.

C-1 ZONING & DEVELOPMENT STANDARDS

LIMITED GEOTECHNICAL REPORT

GEOTECHNICAL REVIEW

AS-BUILT PAD

SEWER MAP

GRADING & COMPACTION COMPLETION NOTICE

TITLE REPORT

CLICK LINKS BELOW TO VIEW DOCUMENTS

http://www.lee-associates.com/eLee/sandiego/LeeLandTeam/1350_S.Melrose/C-1CommercialZone.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/1350_S.Melrose/1stLimitedGeotechnicalReport.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/1350_S.Melrose/GeotechnicalReview.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/1350_S.Melrose/AS-BUILT_PAD(002).pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/1350_S.Melrose/1350SMelroseDrSewer.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/1350_S.Melrose/GradingAndCompactionCompletionNotice.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/1350_S.Melrose/TitleReport-1350S.pdf

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Tax Map Melrose Dr S, Vista, CA

Tax Map Melrose Dr S, Vista, CA 4/29/2016 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.

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1.14 NET ACRES - GRADED COMMERCIAL PADA

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1.14 NET ACRES - GRADED COMMERCIAL PADSE

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S MELROSE DR

400

350

360

360

350

390350

340

340

380

370

350

350

420

410

400

EX.MANHOLERIM 338 +/-IE 329 +/-

N

SITE

EX.MANHOLERIM 353 +/-IE 327 +/-

REQUIRED PUBLIC SEWER EXTENSION APPROX. 200 FT.

EXISTING 96" RCP

STORM DRAIN

EXISTING PUBLIC SEWER

S LDROPMANHOLE

S L PRIVATE SEWER LATERAL 6" MIN.

LEGEND

Contours shown on SITE are not representative of existing conditions.

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1 999 Escondido Ave - Office/Retail Development Opportunity SOLDVista, CA 92083 San Diego County

Bama Asset LLCRecorded Buyer: Recorded Seller: James A Meredith Trust519 Pine AveCarlsbad, CA 92008

Buyer Contact: Bama Asset LLC

1112 Starview DrVista, CA 92084(760) 727-2447James A Meredith TrustTrue Seller:

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$1,200,000.00 ($27.55/SF)$600,000 - Confirmed01/25/2016 Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

-Level

Parcel No:Financing:

179-111-59Down payment of $600,000 (100.0%)

Confirmed

0.50 AC (21,780 SF)-Commercial ...

C1031 Exchange

$/AC Land Gross:

3506331Comp ID:

2 460 Hacienda Dr E SOLDVista, CA 92081 San Diego County

Joy S EhrenfeldRecorded Buyer: Recorded Seller: Shadle Family Trust352 Hidden Lake LnVista, CA 92084

True Buyer: Joy S Ehrenfeld Shadle Family TrustTrue Seller:

Sale Date:


$/AC Land Gross:Sale Price:

$708,333.33 ($16.26/SF)$1,700,000 - Full Value06/29/2015 Land Area:

Year Built/Age:RBA:


164-231-01, 164-231-02, 164-231-03, 164-231-04, 164-231-36Down payment of $1,700,000 (100.0%)

Full Value

2.40 AC (104,544 SF)--

Thomas ShadleRecorded Buyer: Recorded Seller: -352 Hidden Lake LnVista, CA 92084

352 Hidden Lake LnVista, CA 92084

Joy Ehrenfeld Thomas Shadle

Comp ID: 3334781

Copyrighted report licensed to Lee & Associates - 533042. 4/29/2016

Page 1

3 1430 S Melrose Dr - Future Melrose Commercial Center SOLDOceanside, CA 92056 San Diego County

Centillion Ventures LLCRecorded Buyer: Recorded Seller: Edward & Lamis O'Son Trust32565 Golden Lantern StDana Point, CA 92629

True Buyer: Eric Tippetts

2788 Mount Whitney WayYorba Linda, CA 92887(714) 269-9594Edward & Lamis O'Son TrustTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$2,533,333.33 ($58.16/SF)$3,800,000 - Confirmed12/08/2015 Land Area:



-Level


169-011-44Down payment of $3,800,000 (100.0%)

Confirmed

1.50 AC (65,340 SF)-Retail

GPBD, Oceanside1031 Exchange

$/AC Land Gross:

3464363Comp ID:

Map Page: Thomas Bros. Guide1107-G3

4 971 S Santa Fe Ave - Retail/Commercial Development SOLDVista, CA 92083 San Diego County

Providence Props Group LlcRecorded Buyer: Recorded Seller: John E & B J Odell Trust(760) 724-8914John E & B J Odell TrustTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$1,232,479.46 ($28.29/SF)$510,000 - Confirmed05/21/2015 (2039 days on mkt) Land Area:



-Level


179-360-02Down payment of $510,000 (100.0%)

Confirmed

0.41 AC (17,860 SF)-Commercial ...

C, Vista-

$/AC Land Gross:

3307844Comp ID:

Copyrighted report licensed to Lee & Associates - 533042. 4/29/2016

Page 2

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1.14 NET ACRES - GRADED COMMERCIAL PADLE

ASE

CO

MPA

RAB

LES Oceanside, CA 92056 - Oceanside Ret Submarket

1,158 SF Retail Lease Signed Mar 2016 for $3.00 Triple Net (Asking)3450-3460 Marron Rd - 1st Floor Direct

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Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:

Leasing Rep: Landlord:Tenant Rep: Tenant SIC:

Lease Notes:

$3.00/NNN Mar 2016 New Lease Retail Class B13 Mos 67,031 SFPartial Build… Sep 2004/

Capital Growth Properties - Jill Morton Cerberus Real Estate Capital …

ID# 122569071

Position: In-Line Dock/Drive In: Parking Ratio: 5.00/1,000 SF

Oceanside, CA 92056 - Oceanside Ret Submarket

1,213 SF Retail Lease Signed Feb 2016 for $1.79 Triple Net (Asking)3910 Vista Way - 1st Floor Direct

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Lease Notes:

$1.79/NNN Mar 2016 New Lease Retail Class B11 Mos 26,025 SF

1986/

Degu, Inc. - Rachel Walker Degu, Inc.

ID# 122347441

Position: Dock/Drive In: Parking Ratio: 4.10/1,000 SF

Oceanside, CA 92056 - Oceanside Ret Submarket

1,330 SF Retail Lease Signed Feb 2016 for $2.50 Triple Net (Asking)4170 Oceanside Blvd - 1st Floor Direct, Leased by Cigarettes 4 Less

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Lease Notes:

$2.50/NNN Mar 2016 New Lease Retail Class C8 Mos 12,385 SFFull Build-Out

Lee & Associates - Stephen M. Willmore, CPM, Erik Faucett, Ashley Cosentino A & C Properties, Inc.

ID# 122154291

Position: End Cap Dock/Drive In: Parking Ratio: 2.83/1,000 SF

Lease Comparables

Copyrighted report licensed to Lee & Associates - 533042.Page 1Page 1

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ASE

CO

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RAB

LES Vista, CA 92081 - Vista Ret Submarket

834 SF Retail Lease Signed Oct 2015 for $1.65 Triple Net (Asking)1680-1688 Melrose Dr - 1st Floor Direct

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Lease Notes:

$1.65/NNN Oct 2015 New Lease Retail Class C55 Mos 18,885 SFFull Build-Out 1989/

Aztec - Steve Hyndman Steve Hyndman

ID# 121291311


Vista, CA 92081 - Vista Ret Submarket

720 SF Retail Lease Signed Oct 2015 for $1.65 Triple Net (Asking)1680-1688 Melrose Dr - 1st Floor Direct

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Lease Notes:

$1.65/NNN Oct 2015 New Lease Retail Class C55 Mos 18,885 SFFull Build-Out 1989/

Aztec - Steve Hyndman Steve Hyndman

ID# 121291331



1,200 SF Retail Lease Signed Sep 2015 for $1.75 Triple Net (Asking)1100 N Santa Fe Ave - 1st Floor Direct

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Lease Notes:

$1.75/NNN Oct 2015 New Lease Retail Class C7 Mos 14,630 SFPartial Build… 1989/

Centers Business Management - Barry Bussiere Vista Plaza Partnership

ID# 119838221

Position: Dock/Drive In: Parking Ratio: 3.76/1,000 SF

Lease Comparables


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ASE

CO

MPA

RAB

LES Vista, CA 92081 - Vista Ret Submarket

1,580 SF Retail Lease Signed Aug 2015 for $2.00 Triple Net (Asking)500-530 Hacienda Dr - 1st Floor Direct

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Lease Notes:

$2.00/NNN Sep 2015 New Lease Retail Class C72 Mos 136,672 SFFull Build-Out 1994/

Lee & Associates - Randy C. Dalby Ridgeway Bradford Partnership

ID# 119576171



2,020 SF Retail Lease Signed Aug 2015 for $2.00 Triple Net (Asking)500-530 Hacienda Dr - 1st Floor Direct

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Lease Notes:

$2.00/NNN Sep 2015 New Lease Retail Class C72 Mos 136,672 SFFull Build-Out 1994/

Lee & Associates - Randy C. Dalby Ridgeway Bradford Partnership

ID# 119576181



5,002 SF Retail Lease Signed Jul 2015 for $2.22 Triple Net (Effective)1601-1649 S Melrose Dr - 1st Floor Direct, Leased by Phenix Salon Suites

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Lease Notes:

$2.25/NNN Feb 2016 5 Mos at Start New Lease Retail Class B$2.00/NNN 10 Years Steps 91 Mos 123,150 SF$2.22/NNN Feb 2026 $56.00/SF Full Build-Out 1990/

Kimco Realty Corporation - Kim Cooper Kimco Realty CorporationNewmark Grubb Knight Frank - Randee Stratton

ID# 118979941


Lease Comparables


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1.14 NET ACRES - GRADED COMMERCIAL PADD

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Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 1 of 1©2016, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 33.1729/-117.2530RS1

1305 S Melrose Dr1 mi radius 3 mi radius 5 mi radius

Vista, CA

PO

PU

LATI

ON

2016 Estimated Population 14,173 121,707 276,593

2021 Projected Population 15,115 129,885 295,020

2010 Census Population 13,500 113,996 257,739

2000 Census Population 13,236 108,410 225,711

Projected Annual Growth 2016 to 2021 1.3% 1.3% 1.3%

Historical Annual Growth 2000 to 2016 0.4% 0.8% 1.4%

2016 Median Age 39.5 35.2 36.8

HO

US

EH

OLD

S

2016 Estimated Households 5,289 39,744 94,640

2021 Projected Households 5,570 41,914 99,718

2010 Census Households 5,105 37,639 89,274

2000 Census Households 5,191 35,759 79,139

Projected Annual Growth 2016 to 2021 1.1% 1.1% 1.1%

Historical Annual Growth 2000 to 2016 0.1% 0.7% 1.2%

RA

CE

AN

DE

THN

ICIT

Y

2016 Estimated White 74.9% 64.8% 67.3%

2016 Estimated Black or African American 3.2% 3.4% 3.4%

2016 Estimated Asian or Pacific Islander 8.7% 6.5% 7.7%

2016 Estimated American Indian or Native Alaskan 0.4% 0.9% 0.8%

2016 Estimated Other Races 12.9% 24.4% 20.8%

2016 Estimated Hispanic 20.1% 42.5% 35.6%

INC

OM

E 2016 Estimated Average Household Income $86,532 $72,332 $82,226

2016 Estimated Median Household Income $72,775 $63,020 $70,494

2016 Estimated Per Capita Income $32,362 $23,828 $28,253

ED

UC

ATI

ON

(AG

E 2

5+)

2016 Estimated Elementary (Grade Level 0 to 8) 2.3% 10.2% 8.2%

2016 Estimated Some High School (Grade Level 9 to 11) 2.7% 7.0% 6.0%

2016 Estimated High School Graduate 12.6% 22.0% 19.5%

2016 Estimated Some College 18.4% 20.8% 21.3%

2016 Estimated Associates Degree Only 18.3% 13.5% 12.2%

2016 Estimated Bachelors Degree Only 31.3% 17.9% 21.6%

2016 Estimated Graduate Degree 14.2% 8.7% 11.2%

BU

SIN

ES

S 2016 Estimated Total Businesses 321 5,348 12,578

2016 Estimated Total Employees 2,273 58,596 135,738

2016 Estimated Employee Population per Business 7.1 11.0 10.8

2016 Estimated Residential Population per Business 44.2 22.8 22.0

AL APUZZO760.448.2442

[email protected] BRE LIC #01323215

ISAAC LITTLE760.929.7862


RUSTY WILLIAMS, SIOR760.448.2453


For More Information, Please Contact:

14Lee & 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

1.14 NET ACRES - GRADED COMMERCIAL PAD1350 S. MELROSE DRIVE - VISTA, CA

1.14 net acres - graded commercial pad · íïñì^ xd >z k^ z/s s s/^ du al apuzzo 760.448.2442...

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