sign in sign up
<<
Home , Downtown Tampa

DEVELOPMENT OPPORTUNITY RHODINE RD / SOUTH HILLSBOROUGH COUNTY TABLE OF CONTENTS INVESTMENT CONTACTS

Executive Summary ...... Pg. 3 JASON SASSER Associate CBRE | Land 101 E. Kennedy Blvd, Suite 1500 Property Overview ...... Pg. 5 Tampa, FL 33602 T: 813.273.8418 C: 813 830 8409 Demographics ...... Pg. 10 [email protected]

COURTNEY VESTAL Client Services Specialist CBRE | Land 101 E. Kennedy Blvd, Suite 1500 Tampa, FL 33602 T: 813.273.8403 F: 813.223.7144 [email protected]

CBRE, Inc., Licensed Real Estate Broker EXECUTIVE SUMMARY 4 EXECUTIVE SUMMARY

Executive Summary

CBRE Group, Inc. (“CBRE”), is pleased to present this Offering Memorandum (OM) for the opportunity to acquire and develop 184± acres approved for 283 single family lots, located in Riverview, . Riverview is located in the southeast quadrant of Hillsborough County, a submarket of Tampa. Riverview provides access to US Highway 301, Interstate 75, and Balm Riverview Road, providing an easy commute North, South, or West to . The site is directly in the path of growth, surrounded by residential development, and only 15 miles from .

CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT PROPERTY DETAILS Property Details 6 • 184± Acres • 50’ lots / minimum size 5,500 square feet • Zoning - PD • Contiguous to Triple Cree • Approved for 283 Single Family Lots • OFFER DEADLINE - JANUARY 31,2019 • 40’ lots / minimum size 4,400 square feet • PRICE: MARKET TO DETERMINE PROPERTY DETAILS PROPERTY

CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT 7 AERIAL FishHawk FishHawk Boyette Ranch Ranch Springs FishHawk Ranch Lakeside Shadow Run

Tropical Acres Estuary

Lucaya Lake Ballentrae Tropical Acres Panther Trace

Summerfield Rhodine Land Village Waterleaf Triple Creek

Pradera SouthFork

CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT 8 MAP

CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT 9 Air Transportation Riverview, Florida is located 15 miles from Tampa International Airport. Tampa International was recently named by Airports Council International as one of the top North American airports, servicing 15 to 25 million passengers annually. A billion dollar expansion and renovation plan is underway to keep up with the increasing traffic and to continue to provide the world-class service passengers have come to expect. AREA OVERVIEW

Interstate/Highway Transportation The main north/south thoroughfare is Interstate 75, which provides access to the Northern and Southern Cities along Florida’s west-coast as well as nearby interchanges with both to Tampa and St. Petersburg to the south and to the east, connecting to Orlando and Florida’s eastern seaboard. Additionally, US 301 runs north to south connecting the area to the rest of Tampa Bay and Hillsborough County.

Bus

Hillsborough Area Regional Transit (HART) provides local service throughout the county. HART also connects to the Pasco County Public Transit (PCPT) system as well as the Pinellas Suncoast Transit Authority (PSTA) to provide residents of Hillsborough County access to the entire Tampa Bay Area.

CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT DEMOGRAPHICS 11

DEMOGRAPHICS Within 15 minutes of the subject property, the population is approximately 153,368 (2018) and 2023 estimates put PLACE OF WORK (within 15 minutes) the number over 170,000 people. Over that five year span, 2018 Businesses 2,200 that equates to a 2.46% annual population increase. By 2018 Employees 21,299 comparison, the United States population is expected to increase by 0.83% annually in the next five years, from its POPULATION estimated population of 327,514,334.

2018 Population 153,368 DEMOGRAPHICS

2023 Projected Population 173,206

2010-2018 Pop Growth Rate 2.46% POPULATION BY YEAR Daytime Population 105,668 2023 173,206 Bachelors Degree 22,649

Associates Degree 12,249

Master’s/Professional/Doctorate 12,809

Avg Household Income $93,061 2018 153,368 Avg Per Capita Income $30,880

Average Age 35.8

Average Household Size 3.02

Household Income Under $100K 33,809 2010 114,840 Income between $100-$150K 10,051

Income over $150K 6,736 0 50,000 100,000 150,000 200,000

CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT DEMOGRAPHIC COMPREHENSIVE

13621 RHODINE RD

12 DRIVE TIME MAP

NAME

5 MINUTES

10 MINUTES

15 MINUTES

©2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri ProjectID:402251 CBRE | OFFERING MEMORANDUM | RHODINE RD LAND DEVELOPMENT AFFILIATED BUSINESS DISCLOSURE CBRE, Inc. operates within a global family of companies with many subsidiaries Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, and/or related entities (each an “Affiliate”) engaging in a broad range of Affiliates or representatives make any representation or warranty, expressed or commercial real estate businesses including, but not limited to, brokerage implied, as to the accuracy or completeness of this Memorandum or any of its services, property and facilities management, valuation, investment fund contents, and no legal commitment or obligation shall arise by reason of your management and development. At times different Affiliates may represent receipt of this Memorandum or use of its contents; and you are to rely solely various clients with competing interests in the same transaction. For example, on your investigations and inspections of the Property in evaluating a possible this Memorandum may be received by our Affiliates, including CBRE Investors, purchase of the real property. Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may The Owner expressly reserved the right, at its sole discretion, to reject any or all submit an offer to purchase the Property and may be the successful bidder for expressions of interest or offers to purchase the Property, and/or to terminate the Property. You hereby acknowledge that possibility and agree that neither discussions with any entity at any time with or without notice which may arise CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to as a result of review of this Memorandum. The Owner shall have no legal you the involvement of any Affiliate in the sale or purchase of the Property. In commitment or obligation to any entity reviewing this Memorandum or making all instances, however, CBRE, Inc. will act in the best interest of the client(s) it an offer to purchase the Property unless and until written agreement(s) for the represents in the transaction described in this Memorandum and will not act purchase of the Property have been fully executed, delivered and approved by in concert with or otherwise conduct its business in a way that benefits any the Owner and any conditions to the Owner’s obligations therein have been Affiliate to the detriment of any other offeror or prospective offeror, but rather satisfied or waived. will conduct its business in a manner consistent with the law and any fiduciary By receipt of this Memorandum, you agree that this Memorandum and its duties owed to the client(s) it represents in the transaction described in this contents are of a confidential nature, that you will hold and treat it in the Memorandum. strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum CONFIDENTIALITY AGREEMENT or any of its contents in any manner detrimental to the interest of the Owner This is a confidential Memorandum intended solely for your limited use and or CBRE, Inc. benefit in determining whether you desire to express further interest inthe If after reviewing this Memorandum, you have no further interest in purchasing acquisition of the Property. the Property, kindly return this Memorandum to CBRE, Inc. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or DISCLAIMER to contain all or part of the information which prospective investors may © 2018 CBRE, Inc. The information contained in this document has been require to evaluate a purchase of real property. All financial projections and obtained from sources believed reliable. While CBRE, Inc. does not doubt its information are provided for general reference purposes only and are based on accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty assumptions relating to the general economy, market conditions, competition or representation about it. It is your responsibility to independently confirm and other factors beyond the control of the Owner and CBRE, Inc. Therefore, its accuracy and completeness. Any projections, opinions, assumptions or all projections, assumptions and other information provided and made herein estimates used are for example only and do not represent the current or future are subject to material variation. All references to acreages, square footages, performance of the property. The value of this transaction to you depends on and other measurements are approximations. Additional information and an tax and other factors which should be evaluated by your tax, financial and opportunity to inspect the Property will be made available to interested and legal advisors. You and your advisors should conduct a careful, independent qualified prospective purchasers. In this Memorandum, certain documents, investigation of the property to determine to your satisfaction the suitability of including leases and other materials, are described in summary form. These the property for your needs. summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. INVESTMENT CONTACTS:

JASON SASSER COURTNEY VESTAL Associate Client Services Specialist CBRE | Land CBRE | Land 101 E. Kennedy Blvd, Suite 1500 101 E. Kennedy Blvd, Suite 1500 Tampa, FL 33602 Tampa, FL 33602 T: 813.273.8418 T: 813.273.8403 C: 813.830.8409 F: 813.223.7144 [email protected] [email protected]

CBRE, Inc., Licensed Real Estate Broker