bundy canyon rd future asking price: $15,000 per unit or ... · bundy canyon road - wildomar, ca...

FOR ADDITIONAL INFORMATION:

BUNDY CANYON RESORT APARTMENTS - AN APPROVED 145 UNIT APARTMENT PROJECT

BUNDY CANYON ROAD - WILDOMAR, CA

Lee & Associates-LA/North, Inc. | 26050 Mureau Road, Suite 101, Calabasas, CA 91302 | T: 818.223.4388 F: 818.591.1450 | www.lee-associates.com

MATT BENWITT818.444.4964

[email protected] Lic # 00929927

JOHN BATTLE, SIOR818.444.4908

[email protected] Lic # 00700493 1











SUBJECT PROPERTY

Bundy Canyon Rd

Walnut St

Future

Mon

te V

ista

Dr

Canyon Dr

Ora

nge

St New KB Home Community

• • Approved Site Plan for 145 UnitsApproved Site Plan for 145 Units• • Located in Growing CommunityLocated in Growing Community• • Close Proximity to 1-15 & 1-215 FreewaysClose Proximity to 1-15 & 1-215 Freeways• • Existing Market Rents at $1.80-$2.00 PSFExisting Market Rents at $1.80-$2.00 PSF

ASKING PRICE: $15,000 PER UNIT OR $2,175,000ASKING PRICE: $15,000 PER UNIT OR $2,175,000SELLER WILL CONSIDER A JOINT VENTURESELLER WILL CONSIDER A JOINT VENTURE

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LEE & ASSOCIATES HEREBY ADVISES ALL PROSPECTIVE PURCHASERS AS FOLLOWS:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of real estate, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance or value of this property. The value of the property to you depends on factors that should be evaluated by you and your tax, financial, consultants and legal advisors. Buyer and Buyer’s tax, financial, legal, consultants and all advisors should conduct a careful, independent investigation of any property to determine to your satisfaction the suitability of the property for your needs.

Like all real estate, this property carries significant risks. Buyer and Buyer’s consultants, legal and financial advisors must request and carefully review all legal and documents related to the property. Any info provided including fees and costs are not guaranteed and should be verified by Buyer. These figures are subject to change at any time based on market, economic, environmental or other conditions. Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any potential development or use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

DISCLOSURE






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PAGE CONTENT

4 AERIALS

7 LOCATION MAP

8 PROPERTY INFO

9 SITE PLAN

11 RENDERINGS/FLOOR PLANS

14 MARKET STUDY/FINANCIAL ANALYSIS

19 COSTS & FEES

21 DOCUMENT LINKS

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.

Bundy Canyon Rd

SUBJECT PROPERTY






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AER

IALS

SUBJECTPROPERTY

Kelly Dr

Bundy Canyon Rd

SUBJECT PROPERTY

N






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AER

IALS

SUBJECTPROPERTY

N

ElsinoreHigh School Future

Bundy Canyon RdCanyon DrWalnut StOran

ge St

Mission Tr

ail

Central St

Mon

te V

ista D

r

Palo

mar

St

New KB Home Community Under Construction






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AER

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PROPERTY

MURRIETA

WILDOMAR

N

Clinton Kieth Rd

Bundy Canyon Rd






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LOC

ATIO

N M

AP LAKE MATTHEWS

HEMET

LAKE PERRIS

Mt. San JacintoState Park

SantiagoPeak

SAN JACINTO

MENIFEE

LAKE ELSINORESUBJECT

PROPERTY

Bundy Canyon Rd

Canyon Dr

Walnut St

Waite St

Monte Vista DrCh

erry

St

Ora

nge

St

Miss

ion

Trai

ls

Palomar St

Cent

ral S

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SUBJECTPROPERTY
















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Units Net Rentable SF

Land Costs

Hard Costs

Bundy Canyon Resort Apartments 145 Rental Units

Construction Costs

Costs

$2,175,000

Sitework, Landscaping, and Site Amenities $7,000,000 Building Construction Contingency

Subtotal Hard Costs

Soft Costs A&E Consultants Permits & Fees Taxes & Insurance Developer Overhead Contingency

Subtotal Soft Costs

Financing Costs Loan Fees & Closing Costs@ 1% ConstructiQn Loan Interest

Subtotal Financing Costs

Total Construction Costs

Source: Darling Development

$18,400,000 $7,QQ0,000

$26,400,000

$500,000 $4,200,000

$300,000 $250,000 $100,000

$5,350,000

$250,000 $1,457,625 $1,707,625

$$3355,,663322,,662266

145 151,395

$/Unit $/S.F.

$13,793 $13.21

$48,276 $46.24 $126,897 $121.54

$6,897 16.,_61 $182,069 $174.38

$3,448 $3.30 $28,966 $27.74

$2,069 $1.98 $1,724 $1.65

$690 $0.66 $36,897 $35.34

$1,724 $1.65 $10,053 $9.63 $11,777 $11.28

$$224455,,774422 $2355.3366

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PRO

PERT

Y IN

FO

The property is located on Bundy Canyon Rd in a tranquil, yet rural setting. The property is less than a mile from the 15 freeway and 5 miles from the 215 freeway. This makes it an ideal location for people who work out of town and need easy access to major transportation corridors.

- Approved for 145 units- City of Wildomar Jurisdiction- Walmart under construction in Lake Elsinore- APN 367-250-008- 28.28 gross acres consisting of the following:

• 1.83 acres in access roads• 9.18 acre pad area• .70 acres in water quality basin• 16.57 acres in open space

- R3 Occupancy- Type V Construction- School District – Lake Elsinore Unified Unit Mix

A6.1RENDERINGS

Typical Townhome

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

Darling Development Group30770 Russell Ranch Road, Ste 1Westlake Village, CA 91362 #

BUNDY CANYON RESORT APARTMENTS WILDOMAR, CA 2016-0407

SCHEMATIC DESIGNFEBRUARY 28TH, 2017

Number Date______ _8.24.16__1___ _11.8.16__2___ 12.23.16__3___ 02.22.17______ _______

PA 16-0006Entitlement Status:

Affordable Units:

Asking Price:

Approved site plan in the City of Wildomar for 145units. Entitlements are valid until April 2023 with extensions available. No environmental permits are required. A buyer will have to complete final engineering and construction documents.

None required

$15,000 per Unit or $2,175,000






Total NetFloor Plan # of Units % of Mix Unit Size Rentable 1 Bed Flat 27 19% 810 21,8701 Bed Flat 30 21% 701 27,4862 Bed Flat 27 19% 1,018 5,6042 Bed Flat 6 4% 974 5,8662 Bed Town 33 23% 1,245 41,0813 Bed Town 22 15% 1,545 33,990Total/Av. Wt. 145 100% 151,395

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A0.0COVER SHEET

Sheet Index

A1.0 Site Plan

A1.1 Colored Unit Breakdown

A2.0 Building Elevations





A2.5 Carport Details

A3.0 Building Plans

A3.1 Building Plans

A3.2 Building Plans

A3.3 Building Plans

A3.4 Building Plans

A3.5 Building Plans

A5.0 Unit Plans

A5.1 Unit Plans

A5.2 Unit Plans

A6.0 Renderings

A6.1 Renderings

A6.2 Renderings

L-1 Preliminary Planting Plan

L-2

L-3 Construction Details

Phased Entry Plan





Number Date______ _8.24.16__1___ _11.8.16__2___ 12.23.16__3___ 02.22.17______ _______

PA 16-0006







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A6.1RENDERINGS

Typical Townhome





Number Date______ _8.24.16__1___ _11.8.16__2___ 12.23.16__3___ 02.22.17______ _______

PA 16-0006

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A6.2RENDERINGS

Typical Apartment





Number Date______ _8.24.16__1___ _11.8.16__2___ 12.23.16__3___ 02.22.17______ _______

PA 16-0006






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MA

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For More Information, Please Contact:


[email protected] Lic #00700493


[email protected] Lic #00929927



Lee & Associates-LA/North, Inc. | 26050 Mureau Road, Suite 101, Calabasas, CA 91302 | T: 818.223.4388 F: 818.591.1450 | www.lee-assiates.com

bundy canyon rd future asking price: $15,000 per unit or ... · bundy canyon road - wildomar, ca...

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