8.9 acres 28 single family lots redding, california site ...hansenpsc.com/listings/8.9ac,...

8.9 Acres28 Single Family Lots Redding, California

Hansen PSC, Inc.Acquisition • Investment • Development

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Site Offering Package

8.9 Acres, Bottlebrush Redding, CA

All information is received from sources we deem reliable. Forward looking statements contained herein, no guarantees of future performance or results. © 2007 Hansen PSC, Inc.


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Confidentiality & Disclosure

Confidentiality Agreement

The information contained in the following site offering package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Hansen PSC, Inc. and should not be made available to any other person or entity without the written consent of Hansen PSC, Inc. The analysis herein has been created to provide a summary synopsis of the investment opportunity. Further, this synopsis is not a substitute for a thorough due diligence investigation of the opportunity, local, state and federal rules and regulations. The information contained in this project analysis has been obtained from sources we believe to be reliable; however Hansen PSC, Inc. has not verified the information herein, nor has Hansen PSC, Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Potential purchasers are strongly encouraged to take appropriate measures to verify all information set fourth herein to make educated investment decisions. All figures represented in our pro-forma analysis are from our own calculations based on figures and facts we believe to be accurate, however we assume no responsibility for the accuracy of the revenue and expense predictions. Purchasers are encouraged to verify our figures from their own sources.




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Investment Overview

Description8.9 acre site located on Bottlebrush Drive in Redding, California, just off of Highway 5. Site is an infill location in an established Redding neighbourhood.

City of Redding planning commission has approved an application for tentative subdivision map for 28 single family detached homes. Lot sizes range from 7,033 SF – 13,460 SF.

Hansen PSC, Inc. to deliver tentative subdivision map to Buyer upon approvals. Expected sales price for finished 1,700 – 2,925 SF homes range between $340,000 to the low to mid $500,000’s.

Seller to provide fully entitled subdivision map for 28 single family detached homes. Seller

will consider sale on part-cash/part JV basis.

• Hansen PSC Pursuing Entitlement Approvals

• Infill Location

• Strong Area New Home Sales

• Close Proximity to HWY and Retail

• Engineering Estimates Available

•$59,000/approved paper lot

($1,652,000)




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Project Overview

Adjacent to Open Space & TrailsEasy Access to FreewaysProximity to New Retail Developments

Completed Project

Highlights

Conceptual Site LayoutConceptual Landscape Design Tentative Subdivision Map Approvals by the

Planning CommissionAwaiting approvals of development

agreement from the City Council

Entitlement Process

Approx. Lot Sizes: 8,000 – 12,000SFComparables developments described later

in this brochure

Expected Unit Mix & Prices

Bottlebrush Run Proposed Name

Phase I EnvironmentalGeotechnical AnalysisBiological StudyWetlands StudyEndangered Species StudyAcoustical Analysis

Site Studies to Date

28 Single Family Residential Home LotsFull sets of site plans available on request

Proposed Project

Description

530 Bottlebrush Drive, Redding, CALocation

117-070-006Parcel

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Current Zoning

RS-3Current Zoning

City of ReddingSpecific Plan

Real property in the City of Redding, County of Shasta, State ofCalifornia, described as follows: WEST ONE-HALF OF THE SOUTH ONE-HALF OF THE SOUTH ONE-HALF OF THE NORTH EASTONE-QUARTER OF SECTION 30, TOWNSHIP 32 NORTH, RANGE 4 WEST, M.D.M. IN SHASTA COUNTY, CALIFORNIA, CONTAINING 20 ACRES MORE OR LESS; SAVING AND EXCEPTING THEREFROM THE RIGHT-OF- WAY OVER SAID PROPERTY CONVEYED TO THE STATE OF CALIFORNIA BY DEED RECORDED ON DECEMBER 10, 1962, IN BOOK 727 OF OFFICIAL RECORDS AT PAGE 430, SHASTA COUNTY RECORDS.A

Legal Description

8.9 AcresRecorded Size

117-070-006APN




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Tentative Subdivision Map




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Preliminary Grading




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Eng. Cost Estimates




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Aerial & Map

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Market Comparables




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Comparable Developments

Prices Starting FromUnit Size

$360,000 - $420,0001,500-2,014 sf

48 homes. This development is being constructed off of Shasta View Drive near the McConnell Foundation. Good location near Mt. Shasta Mall for shopping, quick and easy access to highway. No park or open space amenities

Project Overview

Autumn GlennHwy 44 to Shasta View DriveDeveloper: Palomar Development

Unit sizes range from 1,366 SF to 2,107+Sales Prices Range From: $344,990 to $395,990

Unit size and sale

prices

New Homes with many energy efficiency and environmentally friendly features. Anticipated completion is May 2007.

Project Overview

SonataNorth of HWY 44 on Shasta view. Turn west on Tarmac

Prices Starting FromUnit Size

Upper $420’s to the upper $530’s2,077 – 2,925 Square Feet

River Crest offers four single story residences ranging from 2,077 to 2,925 square feet. These homes are intended to promote energy efficiency and are using “Healthy Homes” technology. This site is highly comparable to the subject site as it sits adjacent to I-5 and existing communities. This project is in a less-desirable location given its distance to retail amenities is further than the subject property.

Project Overview

River Crest4593 Chinook DriveDeveloper: DR Horton




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1,964 – 2,761 sf$389,900 - $474,5003br/2ba

Unit Square Footages:Prices:

Bed/Ba:

Homes sizes from 1964sf - 2761 sfLot sizes from 10,000+sf - 1.90 acres Within 15 minutes to Whiskeytown Lake, Shasta Lake, Sacramento River, Keswick Lake Close to Sacramento River Trail

Project Overview

Land ParkQuartz Hill Rd.Developer: Insignia Builders

Unit sizes range from 1,659 SF to Sales Prices Range From: $379,800 to $384,800Lot sizes range from 7,000 SF to 7,200 SF

Unit size and sale

prices

Features Vinyl Energy Efficient Windows Vinyl Exterior Sliding Glass doors Raised Panel Interior doors Dexter Finish Door Hardware Oak recessed Panel Cabinetry Price Pfister Plumbing fixtures

Project Overview

Jenny CreekBuenaventura Rd.Developer: Palomar Development

PriceUnit Size

$418,8002,182 sf

Located in Mountain View Heights. 3 and 4 bedroom homes. Crown molding, tile counters, three car garages. Columbia/Foothill School district.

Project Overview

Mountain View HeightsPalacio Rd., ReddingDeveloper: Coughlin Development




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PriceUnit Size

$429,500 - $439,500$439,900$449,500

3br/2ba, 2,120sf3br/2.5ba, 2,115sf

4br/2ba, 2,352sf

Homes at Robles North feature 6 custom plans ranging in size up to 2,800 SF and are affordably priced. Tranquil country-type setting on spacious lots averaging nearly 1/2 acre in size to just under 1 acre. 2 to 3 car garages. Stamped concrete drives, designer lighting & plumbing fixtures. Crown moldings. 8’ door throughout. Stucco with rock accent.

Project Overview

Robles NorthRobles Drive (Off Airport Blvd)

Current PricesUnit Size

$354,900 – $374,900$395,000

4br/2ba, 1,716 – 1,800 SF3br/2ba, 1,648 SF

Sold Out, resale onlySales Velocity:

Quail Run is a 33 home community located in South East Redding. Built by Corpac Homes, a local Redding company, Quail Run offers homes with multiple elevations and architecture in four models ranging from 3 to5 bedrooms, with 1442 to 2166 square feet. Lotsizes range from approx. 7,500 – over one acre.

Project Overview

Quail RunLocated on Alta Mesa off of MarleneDeveloper: Corpac Homes




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Location Demographics




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Location Overview

Redding OverviewWith its natural beauty, abundance of recreational opportunities, and excellent quality of life, Redding successfully combines the ambiance of a small town with the amenities of a large city. The outdoor lifestyle, affordable housing and remarkably low crime rates attract many people from the larger urban areas, creating both a diversified culture and a growing center of commerce and industry.

Redding has become a favorite location for conventions for hosting groups from all over the nation, offering a number of large hotels equipped with convention facilities and a state-of-the-art Convention Center. Local accommodations range from modest, for those on a tight budget, to luxurious suites. There are also numerous RV parks, cabins, houseboat rentals and a wide selection of public and private campgrounds. Recreational visitors can enjoy outdoor activities to suit every taste, including fishing and boating onthe Sacramento River as it winds through town.

Location & Quality of LifeRedding is located in Northern California, just south of Shasta Lake, nestled between the Cascades and the Trinity Alps. Its central location on I-5 in Shasta County has made it the nationally recognized marketplace of northern California, serving the adjacent counties of Tehama, Trinity and Siskiyou.

The Redding and Shasta County area has been selected by The Searchers, a nationally renowned data research company, as one of the best places in the country to retire. The quality of life, clean air, low crime rate and affordabilityof housing are just a few of the 70-plus sets of criteria used in its determination. Also noted are a vast array of recreational opportunities, excellent medical facilities, and social activities that would enhance anyone’s retirement plans.

BusinessEconomic Development & Business EnvironmentThe outdoor lifestyle and air quality of the metropolitan Redding area have attracted many highly skilled people from larger urban areas, creating a choice labor force. Both Money Magazine and Expansion Management Magazine have recognized the Shasta County metro area for its quality business environment.

Redding’s overall job growth in a five year period was more than double the national average (19.9 percent compared with 8.7 percent). The increase in the number of businesses in the city is almost triple the national average (38.8 percent compared with 13 percent) for the same period.

Favorable zoning laws and the availability of low-cost electricity in Redding give many industries a competitive advantage. Redding also offers an extremely successful Down-Payment Assistance Program to aid first-time homebuyers. Affordable commercial and residential real estate, low-cost skilled labor and a low crime rate also contribute to Redding’s rapid growth.

Source: http://www.reddingchamber.com/aboutred.shtml

http://ci.redding.ca.us/demographics.html

70,41834,926Housing units 2002

60,55227,238Housing units 1990

1.2%2%Annual population growth rate (90-02)

169,20084,6002002

147,03666,4621990

CountywideReddingPopulation

Yearly Average Rain -- 33.3 inches

2.2477.663.549.2October

.01798.881.564.7July

2.0869.958.046.0April

6.0655.345.535.9January

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METROPOLITAN PRIMARY RETAIL TRADE AREA Redding, Anderson, Shasta Lake• Population of the primary retail trade area. 169,151 (2002) • Area:

•288 square miles, 62 percent of all customers (primary)•3,000 square miles, 80 percent of all customers (secondary)

• Median income for a family. $40,491 (1999) • Median age. 38.9 • Ethnicity of Trade Area. White--89%; Black--.8%;

American Indian--2.8%; Asian--1.9%; Hispanic--5.5%. • Median monthly rental, including utilities, for new 2-bedroom

apartment. $750 • Median priced home in Shasta County. $148,700 (2002) • Median priced home in California. $323,700 (2002) • Retail sales per capita. Redding - $14,500; State - $9,000. • Average monthly utility cost for Redding, including sewer,

water, garbage, electricity, and gas. $140




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Site Demographics

1.7%2.1% 85+

10.8% 13.7% 65-84

23.8% 25.7% 45-64

28.6% 24.9% 25-44

7.3% 7.8% 20-24

7.0% 7.2% 15-19

7.2% 6.7% 10-14

6.7% 5.9% 5-9

6.9% 6.0% 0-4

NationalZIP 96003Age Distribution

1.1% 1.5% Family Growth Rate

75,290,832 11,662 2004

71,787,347 10,938 2000

NationalZIP 96003Families

2.6 2.4 Average Household Size

1.3% 1.6% Household Growth Rate

119,334,642 19,058 2009

111,572,974 17,624 2004

105,480,101 16,478 2000

NationalZIP 96003Households

68.0% Growth Percentile

1.2% 1.5% Growth Rate

314,308,848 47,161 2009

295,628,353 43,849 2004

281,421,906 41,221 2000

NationalZIP 96003Population




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Site Demographics

33.0% State

48.0% National

NationalZIP 96003Household Income Percentile

$25,866.00 $22,215.00 Per Capita Income

$56,710.00 $46,521.00 2009

$48,124.00 $40,603.00 2004

NationalZIP 96003Median Household Income

6.5% 3.4% % >$150K

10.9% 7.9% % $100K-150K

30.8% 28.1% % $50K-100K

27.1% 30.0% % $25K-50K

24.7% 30.7% % <$25K

NationalZIP 96003Household Income

49.1% / 50.9% 48.6% / 51.4% Male/Female Ratio

36.0 38.9 2004

NationalZIP 96003Median Age




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Hansen PSC, Inc.


Hansen PSC, Inc. is a premier land development company specializing in land entitlements and investments throughout California. Our services have created projects ranging from residential land developments and self-storage facilities to multi-family homes and office buildings.

As we continue our rapid growth into this millennium we strive to locate economically rich land throughout America on which to manifest environmentally friendly and socially respectable projects.

We seek to operate in areas rich with growth and provide the highest return on investment for our partners, investors and end clients through sound investment and acquisition decisions.

We pride ourselves by moving forward under the values of trust, honesty and rational thinking. At Hansen PSC we practice probability development, not possibility speculation.

Recent & Current* Residential Land Projects

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• 137 room hotel in Daly City*

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• 28 residential lots in Redding*

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• 41 residential lots in Fresno*

[email protected]

661 Live Oak, Suite 3Menlo Park, CA 94025

PHONE: (650)326-3301FAX: (650)887-2233www.hansenpsc.com


8.9 acres 28 single family lots redding, california site ...hansenpsc.com/listings/8.9ac,...

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