commercial mixed use acres
TRANSCRIPT
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
OFFERING MEMORANDUM
±43 ACRESCOMMERCIAL MIXED
USE ACRES
126,594 CPD
15
Lake Elsinore
UP TO ±150 ACRES AVAILABLE
EXTENSIONCOMPLETION DATE
1ST QTR 2020
Camino Del Norte Road
1
5
67
84
2
3
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EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES
• NEW FRONTAGE ROAD CONSTRUCTION BEGAN 3RD QUARTER 2019
• CITY FUNDED CAMINO DEL NORTE EXTENSION WILL BE COMPLETED BY 1ST QTR. 2020
• GROWTH One of the fastest growing cities in Southern California with a growth rate of 61.2% since 2000.
• LAKE VIEWS Each and every parcel has expansive views of the Lake, the city of Lake Elsinore and Temecula Valley/regions.
• PROXIMITY Lake Elsinore is central to San Diego, Riverside and Orange Counties with highway and freeway access.
• RESIDENTIAL LIVE/WORK DEMAND The population of the Lake Elsinore area is growing faster than additional housing can be developed. Affordable housing in the Inland Empire continues to be a scarce commodity creating a demand in the northern and eastern regions creating a great market opportunity for work and live development.
• SIGNIFICANT FRONTAGE ALONG NEW EXTENSION Three individual parcels spanning ±1,350 SF Along New Frontage
• FLEXIBLE AND FAVORABLE ZONING CMU / Commercial Mixed-Use District
• Principal Uses permitted at this time for subject parcels under section 17.134.010
• The intent of the CMU District is to accommodate a development opportunity that offers a mix of land uses in an compact, high quality, pedestrian-friendly, interactive pattern. Commercial mixed-use districts are characterized by interconnected streets, wide sidewalks, outdoor public spaces and activities.
• A sampling of uses include: retail uses, residential including apartments and condominiums, medical and professional office, restaurants, banks, hotels and bed and breakfast, churches, day care, community center, business vocational and Health, fitness or exercise club.
PERFECT OPPORTUNITY FOR HOTEL OR EXTENSION TO AUTO MALL
KEY INVESTMENT HIGHLIGHTS
±18 UNITS PER ACRE - ASSISTED LIVING, MULTI-FAMILY
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES
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1456.3
1451.2
1418.5
1418.4
1418.6
1418.5
1418.1
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1419.2
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1464.4
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1438.5
1427.2
1428.6
1430.5
1456.6
1455.1
1453.6
1454.7
1455.3
1601.8
1632.5
1634.1
1632.2
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1641.6
1602.8
1612.5
1608.21609.2
1609.71608.5
1608.5
1625.5
1593.7
1592.1
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1576.71579.7
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1492.1
1487.4
1487.3
1529.81515.1 1513.6
1506.2
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1446.5
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1396.1
1390.2
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1404.6
1404.3
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1408.2
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1408.1
1407.6
1438.4
1417.9
1415.6
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1421.91426.5
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1465.7
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1427.3
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1508.4
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1500.1
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ROCK
ROCK
SIGN
SIGN
SIGN
SIGN
D/P
1-4
POOL
1482.9
1453.7
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1464.31459.3
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1467.7
BRUSH
BRUSH
9
1070
1
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3
4
1075
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9
1080
1
2
3
4
1085
6
7
3
4
25
6
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8
9
30
1
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3
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45
6
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8
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50
1
2
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4
55
1
2
3
34
35
36
1070
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1
2
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3
4
35
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8
9
40
1
2
PTSt
a 39
+09.
180
A
1550
1552
15601562
418.00'424.00'
692.2
5'
689.8
3'
689.0
0'
512.25'
CAMINO DEL NORTE60
0.00'
315.00'
600'
355.00'315.00'315.00'
405.0
0'
600.00'
411.5
0'
813.00'
947.00'
315.00'
600.0
0'
340.00'
182.75'
600.0
0'
426.00'
1329.40'
1694
.00'
477.75'
842.00'
1011
.50'
LAKE
V
IEW
R
OAD
6
EG152
5
15 50
14 90
14 80
14 70
14 65
15 51
15 64
EG149
0
EG155
2
EG1552
EG1610
±7.17 ACRE MULTI-FAMILY
PAD1545
PAD1543
PAD1542
7±6.73 ACRE
MULTI-FAMILY 8±6.61 ACRE
MULTI-FAMILY
5±5.33 ACRE ASSISTED LIVING
1±4.37 ACRE RETAIL
2±4.34 ACRE RETAIL
3±4.46 ACRE RETAIL
ROAD FS145
6
ROADFS 14
58
HIGH
POI
NTOF
ROA
DFS
1463
.68
ROADFS 14
57
EG1458
PAD ±1480PAD ±1475PAD ±1470
PAD ±1535
SPYGLASSFG 1560
RETEN.BASIN
75'X125'±1520
EG1510
FG150
0
FG1500
FG1475
FG1475
FG147
0
FG149
0
FG1550
FG1580
ROAD
FS 1454
15 00 4±5.00 ACRE RV/ SELF STORAGE
PAD ±1485
15 54
15 53
FG148
0
FG1490
FG148
5
15 10
15 20
15 30
15 40
FG147
5
FG1475
FG1465
FG147
0
FG1485 FG1500
FG1530
FG1530
FG1588 FG158
6
FG1580
FG1558
FG153
0
FG1540
15 70
15 60
15 60
ROADFS 14
62
ROADFS 14
62
15 68
15 71
15 74
15 77
15 80
15 55
15 56
15 58
15 59
PAD1566
PAD1586
PAD1588 PAD
1558
PAD1560
PAD1566
PAD1544
15 57
FG155
0
PAD1580
PAD1579
PAD1575
PAD1575
15 84
15 3015 4015 50
15 86
15 88
15 91
15 94
15 9615 98
FG1585
15 82
15 78
15 69
FG153
2POOL
DRAWN BY: SAM PARSI
OF SHEETS
REVISIONSNO.
NEW
ELS
INOR
E 43
JOB:
PRO
JEC
T:PR
OPOS
ED P
ARCE
LSOP
T. A
PROPERTY EXHIBIT
* Lot Lines Can Be Adjusted Based on Buyers Criteria.
# SIZE PRICE
8 ±6.61 Acres/287,932 SF
$1,010,000/ $3.50 SF
7 ±6.73 Acres/ 293,159 SF
$1,025,000/ $3.50 SF
6 ±7.17 Acres/312,325 SF
$1,405,000/ $4.50 SF
5 ±5.33 Acres/232,175 SF
$1,277,000/ $5.50 SF
4 ±5.00 Acres/217,800 SF
$1,634,000/ $7.50 SF
3 ±4.46 Acres/ 194,278 SF
$1,457,000/ $7.50 SF
2 ±4.34 Acres/ 189,050 SF
$1,418,000/ $7.50 SF
1 ±4.37 Acres/190,357 SF
$1,428,000/ $7.50 SF
Totals ±43 Acres $10,654,000($5.69 SF)
7 8
5
321
6
4
Camino Del Norte Road
| 4 |
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES
15
Camino Del Norte Road
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES
| 5 |
15
Camino Del Norte Road
Lake Elsinore
126,594 CPD
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES NEW DEVELOPMENTS
| 6 |
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES
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1480
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1490
1495
1500
1495
1500
1505
1510
1505
1500
1495
1490
14851480
1490
1480
1485
1490
1475
1475
1480
1485
1490
1495
1500
1505
1510
1515
1520
1460
1465
1470
1475
1450
1455
1460
1465
1470
1475
1455
1460
1465
1470
1475
1480
1485
1490
1495
1470
14751480
1485
1495
1470
1475
1465
1455
1450
1470
1465
1485
1445
1450
1455
1460
1465
1470
1445
1450
1455
1460
1465
1440
1445
1460
1455
1450
1455
1460
1460
1510
1505
1515
1505
1490
1430
1435
1440
1430
1435
1440
1445
1450
1455
1425
1430
1435
1450
1455
1460
1440
1435
15301535
15401545
1550
1550
1555
1545
1540
1525
1530
1535
1540
1545
1525
1530
1535
1570
1565
1560
1555
1510
1515
1520
149515001505151015151520
15251530
15351540
15451550
1555
1425
1420
1425
1390
1395
1400
1405
1410
14051400
1405
140013
951390
1490
1485
1480
1475
147014
651460
1480
1485
1490
1485
15251530
1485
1495
1435
1535
1530
1525
1520
1515
151015051500
149514901485
1480
1465
1470
1475
1480
1490
1455
1460
14701465
1460
151515
10150515
00149514
901485
1480
1475
1470146514
601455
1445
1450
1455
1460
1465
1470
1425
1430
1435
1440
1445
1450
14901495
15001495
1480147514701465
1430
1435
14401445
1530
1525
1520
1515
15101505
1500
1495
1490
1485
1480
1475
1505
1500
1495
1420
1425
1495
1450
1455
1465
1456.3
1451.2
1418.5
1418.4
1418.6
1418.5
1418.1
1418.2
1419.2
1419.1
1419.1
1464.4
1474.1
1436.4
1438.5
1427.2
1428.6
1430.5
1456.6
1455.1
1453.6
1454.7
1455.3
1601.8
1632.5
1634.1
1632.2
1641.8
1641.6
1602.8
1612.5
1608.21609.2
1609.71608.5
1608.5
1625.5
1593.7
1592.1
1661.5
1576.71579.7
1586.8
1578.1
1618.4
1492.1
1487.4
1487.3
1529.81515.1 1513.6
1506.2
1505.6
1555.9
1558.9
1527.7
1528.1
1528.2
1446.5
1447.7
1434.6
1429.8
1396.1
1390.2
1397.1
1404.6
1404.3
1405.3
1405.51406.4
1407.8
1408.2
1407.8
1408.1
1407.6
1438.4
1417.9
1415.6
1409.8
1409.8
1421.91426.5
1432.4
1436.9
1416.6
1416.5
1417.5
1417.4
1477.2
1455.3
1456.6
1458.5
1458.5
1448.4
1447.9
1474.0
1460.4
1485.6
1484.2
1455.6
1465.7
1461.7
1484.8
1471.3
1471.9
1471.1
1476.4
1440.6
1465.1
1486.9
1490.3
1468.61477.2
1436.2
1436.4
1435.8
1436.4
1447.3
1442.61442.9
1442.7
1465.7
1452.6
1451.5
1452.3
1427.3
1457.3
1461.8
1508.4
1475.1
1489.8
1490.3
1518.5
1479.6
1500.1
1536.1
1535.6
1522.6
1531.6
1531.7
1531.5
1527.1
1500.4
1502.6
1506.9
1491.1
1490.9
1480.9
1453.4
1461.1
1464.3
1559.7
1555.6
1532.8
1523.8
1532.3
1530.7
1522.3
1553.4
1555.5
1512.7
1513.81531.2
1532.6
1534.5
1541.7
1426.1
1407.5
1377.8
1387.7
ROCK
ROCK
SIGN
SIGN
SIGN
SIGN
D/P
1-4
POOL
1482.9
1453.7
1450.2
1445.3
1456.3
1448.2
1436.5
1470.7
1445.3
1464.31459.3
1539.4
1488.8
1493.41499.5
1494.61490.7
1490.4
1488.6
1482.5
1467.7
BRUSH
BRUSH
9
1070
1
2
3
4
1075
6
7
8
9
1080
1
2
3
4
1085
6
7
3
4
25
6
7
8
9
30
1
2
3
435678940
1
2
3
4
45
6
7
8
9
50
1
2
3
4
55
1
2
3
34
35
36
1070
7
8
9
1
2
3
3
4
35
6
7
8
9
40
1
2
PTSt
a 39
+09.
180
A
1550
1552
15601562
418.00'424.00'
692.2
5'
689.8
3'
689.0
0'
512.25'
CAMINO DEL NORTE
600.0
0'
315.00'
600'
355.00'315.00'315.00'
405.0
0'
600.00'41
1.50'
813.00'
947.00'
315.00'
600.0
0'
340.00'
182.75'
600.0
0'426.00'
1329.40'
1694
.00'
477.75'
842.00'
1011
.50'
LAKE
VIE
W
RO
AD
6
EG152
5
15 50
14 90
14 80
14 70
14 65
15 51
15 64
EG149
0
EG155
2
EG1552
EG1610
±7.17 ACRE MULTI-FAMILY
PAD1545
PAD1543
PAD1542
7±6.73 ACRE
MULTI-FAMILY 8±6.61 ACRE
MULTI-FAMILY
5±5.33 ACRE ASSISTED LIVING
1±4.37 ACRE RETAIL
2±4.34 ACRE RETAIL
3±4.46 ACRE RETAIL
ROAD FS145
6
ROADFS 14
58
HIGH
POI
NTOF
ROA
DFS
1463
.68
ROADFS 14
57
EG1458
PAD ±1480PAD ±1475PAD ±1470
PAD ±1535
SPYGLASSFG 1560
RETEN.BASIN
75'X125'±1520
EG1510
FG150
0
FG1500
FG1475
FG1475
FG147
0
FG149
0
FG1550
FG1580
ROAD
FS 1454
15 00 4±5.00 ACRE RV/ SELF STORAGE
PAD ±1485
15 54
15 53
FG148
0
FG1490
FG148
5
15 10
15 20
15 30
15 40
FG147
5
FG1475
FG1465
FG147
0
FG1485 FG1500
FG1530
FG1530
FG1588 FG158
6
FG1580
FG1558
FG153
0
FG1540
15 70
15 60
15 60
ROADFS 14
62
ROADFS 14
62
15 68
15 71
15 74
15 77
15 80
15 55
15 56
15 58
15 59
PAD1566
PAD1586
PAD1588 PAD
1558
PAD1560
PAD1566
PAD1544
15 57
FG155
0
PAD1580
PAD1579
PAD1575
PAD1575
15 84
15 3015 4015 50
15 86
15 88
15 91
15 94
15 9615 98
FG1585
15 82
15 78
15 69
FG153
2POOL
DRAWN BY: SAM PARSI
OF SHEETS
REVISIONSNO.
NEW
ELS
INOR
E 43
JOB:
PRO
JEC
T:PR
OPOS
ED P
ARCE
LSOP
T. A
PROPERTY EXHIBIT
4
87
±6.73 AcreMulti-Family
±7.17AcreMulti-Family
±4.37 AcreRetail
±4.34AcreRetail ±4.46 Acre
Retail
±6.61 AcreMulti Family
±5.33AcreAssisted Living
±5.00 AcreRV/Self Storage
65
1 2 3
| 8 |
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES AREA OVERVIEW
Temecula Valley Balloon & Wine Festival attracts over 40,000 attendees every year for a celebration of its award-winning wines and scenic beauty. Rising above the gorgeous Lake Skinner and numerous vineyards, the balloon rides are a dramatic experience for both romantics and adventurers alike.
BALLOON & WINE FESTIVAL
The Elsinore Grand Prix is a dirt-bike race that takes place in and around the Lake Elsinore area. The annual race is usually held in mid-November. The popularity of the event hit its apex in the late 1960s and early 1970s, drawing the likes of dirt-bike greats Malcolm Smith and Steve McQueen, to name a few. The race has always been set as an “open” format, meaning anyone can ride; usually only about 200 or so take this event seriously, whereas the rest use it as an opportunity to have fun. In 1971, the documentary movie On Any Sunday by Bruce Brown included scenes from the grand prix.
THE ELSINORE GRAND PRIX
Temecula Valley Wine Country, with its sustainable farming practices, agricultural preserve, scenic beauty and charming tasting rooms, produces hundreds of award-winning wines. Centrally located just east of the I-15 fwy and within an hour from San Diego and Orange County, Temecula’s wineries are booked and bustling ALL year round for tasting, weddings and corporate events.
Launch Pointe Recreation Destination & RV Park is Southern California’s newest outdoor resort destination. It was designed to provide guests with a truly unique RV resort experience. Launch Pointe is conveniently located between Los Angeles and San Diego, off the I-15 freeway.
TEMECULA WINECOUNTRY
LAUNCH POINTERECREATION
The Inland area will become the destination for youth volleyball, basketball and other sports tournaments as a plan for a huge sports complex in Lake Elsinore is currently under construction. The Lake Elsinore Diamond Sports Center will feature about 520,000 square feet of indoor floor space split between two levels. The center is located on approximately 23 acres abutting the north side of the Lake Elsinore Diamond minor-league baseball stadium which is home to The Lake Elsinore Storm. The 433,000-square-foot ground floor should accommodate 58 volleyball courts or be divided into 33 basketball courts. In addition, it will feature a championship arena with seating for 3,000 fans, a food court and family-style restaurant. An 89,000-square-foot upper level would line the inner perimeter while overlooking the courts and arena. It would offer a sports bar, VIP suites, team rooms, offices and other functional uses.
LAKE ELSINORE DIAMOND SPORTS CTR.
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES
| 9 |
AREA OVERVIEW
PROPERTY DEMOGRAPHICS
2019 EST. AVG. HOUSEHOLD INCOME OF $59,942 WITHIN A ONE-MILE RADIUS.
1 MILE 3 MILES 5 MILES
POPULATION
2019 Median Age 31.5 33.7 34.0
2019 Population - Current 6,766 37,597 115,239
2024 Population - Five Year Projection 7,218 40,460 124,150
1 MILE 3 MILES 5 MILES
HOUSEHOLD INCOME
2019 Average Household Income $59,942 $80,437 $76,089
2024 Average Household Income $67,718 $91,065 $86,595
2019 Median Household Income $56,754 $72,728 $69,963
2024 Median Household Income $67,011 $84,684 $81,015
2019 Median Value of Owner Occ. Housing Units $305,097 $363,520 $341,076
3,050 EMPLOYEES
3,000 EMPLOYEES
1,400 EMPLOYEES
2,000 EMPLOYEES
697 EMPLOYEES
375 EMPLOYEES
900 EMPLOYEES
650 EMPLOYEES
1,800 EMPLOYEES
353 EMPLOYEES
408 EMPLOYEES
404 EMPLOYEES
5,000 EMPLOYEES
TOP AREA EMPLOYERS
| 10 |
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES LAKE ELSINORE FAST FACTS
61.2% POPULATION GROWTH SINCE 2000
39.7% PREDICTED JOB GROWTH OVER THE NEXT 10 YEARS
3.40% RECENT JOB GROWTH IN LAKE ELSINORE
5.0% HOME APPRECIATION IN THE LAST YEAR
457,000+ ESTIMATED POPULATION IN 20 MINUTES DRIVE-TIME
$85,000+ AVERAGE HOUSEHOLD INCOME 20 MINUTES DRIVE-TIME
25 MINUTES AVERAGE COMMUTE TIME
$
DISTANCE FROM LAKE ELSINORE:
ORANGE COUNTY RIVERSIDE LOS ANGELES SAN DIEGO
30 MILES 32 MILES 69 MILES 75 MILES
LAKE ELSINORE, CA
126,594 CPD
15
UP TO ±150 ACRES AVAILABLE
Camino Del Norte Road
1
5
67
84
2
3
OFFERING MEMORANDUM
MIKE [email protected] #01456055
EAST SIDE OF I-15 & CAMINO DEL NORTEL A K E E L S I N O R E , C A L I F O R N I A
±43 ACRESCOMMERCIAL MIXED
USE ACRES