CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County
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CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County Bldg A Design Review Approval & Approval for Landmark Alteration Permit for 185 Multi-Family Units, Plus Approximately 25,000 Sq. Ft. of Existing Type 'A' Commercial Building Within the Downtown Santa Rosa Station Area Specific Plan - Transit-Oriented Development (TOD) Located in Downtown Santa Rosa in the West End & North Railroad Square Preservation Rhonda Deringer, Partner Keegan & Coppin Company, Inc. [email protected] ONCOR INTERNATIONAL BRE Lic #: 01206401 1355 N. Dutton Ave, Santa Rosa, CA 95401 707.528.1400 x 267 | www.KeeganCoppin.com The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein. Keegan & Coppin Company, Inc. 2017. CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County TABLE OF CONTENTS SECTION 1 Summary SECTION 2 Unit Composition SECTION 3 Overview SECTION 4 Location Description SECTION 5 History & Preservation of Structures SECTION 6 Architectural Plans & Renderings SECTION 7 Income & Expense Summary SECTION 8 Rent Roll SECTION 8 Location Description SECTION 9 Market Overview SECTION 10 SMART - Transit Station SECTION 11 Photos & Aerials SECTION 12 Location Maps / Downtown Maps SECTION 12 Disclaimer View Northwest The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein. Keegan & Coppin Company, Inc. 2017. CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County SUMMARY LOCATED AT • 8 West 9th Street & 806 Donahue Street, Santa Rosa, CA 2 Parcels - APN's: 010-091-001 and 010-091-007 Sonoma County California LAND AREA • 3.58+/- Acres Total After Vacation Action - 3.15± Acres - Plus, Approximately .43 Acres to be Acquired from the City of Santa Rosa (Vacating of Right-of-Way) PROPOSED DEVELOPMENT Design Review Approval, Vacation of Right-of-Way Approval & Approval for Landmark Alteration. 185 Multi-Family Units - Plus 25,000± Sq. Ft. of Existing Type 'A' Commercial Building for Neighborhood & Project Serving Commercial Uses. 202± Parking Stalls Provided. 4 Building Development Opportunity (185 Residential Units [15 Affordable Units] / 233,207± SF Residential - Plus 25,000± SF Commercial Space): • Building A- Proposed New Building Housing 61 Units – Totaling 48,490± SF • Building B – Existing Building (Brick) Housing 16 Units – Totaling 23,559± SF • Building C – Existing Building (Brick) Housing 15 Units – Totaling 27,293± SF – Plus 25,000± SF Commercial Space • Building D - Proposed New Building Housing 93 Units – Totaling 133,865± SF Additional Bonus Density Potential to increase the number of multi-family units to 240-276 units by replacing 20,000+/-sf of the commercial building. EXISTING BUILDINGS • 106,000+/- Sq. Ft. of Commercial & Industrial Buildings (Leased - Multi-Tenant) • Of which, 71,000± Sq. Ft. to be Redeveloped to Multi-Family Residential and Parking Areas • 25,000± Sq. Ft. of existing Type 'A' commercial building to remain for Neighborhood Commercial Services • Brick/Masonry Construction - Built in 1876 - Mostly Structurally Upgraded • Concrete Block Construction - Built in 1950's (Proposed to be demolished) • 14± Units/Tenants from 5,000± sf - 10,000± sf each - Contiguous - Commercial & Warehouse Uses • Multiple Roll-Up Doors & Dock High Loading; Fire Sprinkler Systems in Buildings; 18'-24' Ceiling Heights Avg.; Fenced Yard Area & Parking; Electrical Power - 800 amps (W. 9th) & 1200 amps (Donahue); Office Space (10,000± sf) throughout & conditioned • General Plan Designation: Transit Village Medium • Zoning: TV-R-H-SA – Transit Village – Residential; Station Area Combining District (25-40 ac.) PRICE UPON REQUEST / OR JV OPPORTUNITY The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein. Keegan & Coppin Company, Inc. 2017. CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County UNIT COMPOSITION 185 Multi-Family Units - Plus 25,000± Sq. Ft. of Existing Type 'A' Commercial Building for Neighborhood & Project Serving Commercial Uses. Unit Composition (1 and 2 Bedroom Units): Building A: 61 Units Building B: 16 Units Building C: 15 Units Building D: 93 Units (Includes 15 Affordable Units - Very Low Income) BUILDING (AREA) “A” (48,490± SF) This area is currently being used for parking. This area will be replaced by a 61 unit apartment building, four stories high. Parking for Building “A” will be provided as shown on the site plan. (51-1 bedroom/10-2 bedroom units) BUILDING “B” (23,559± SF) Two Commercial/Industrial units totaling approximately 10,000 sq. ft. w/10 parking spaces exist. This Building will remain and be converted to 16 residential apartment units, three story high with 8 ground floor units and 8 second/third floor townhome apartment units. Parking will be provided as shown on the attached site map. (8-1 bedroom units and 8-2 bedroom units). Bldg A Bldg B The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein. Keegan & Coppin Company, Inc. 2017. CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County UNIT COMPOSITION (CONT.) BUILDING “C” (27,293± SF) This Building is currently being used as Industrial and Commercial units, including a neighborhood fitness facility and café. Commercial units will remain in these units, except for approximately 30,000 sq. ft. of these buildings that will be housing and parking, as shown on attached drawings. A community park and entrance to the housing units will be in this building and retail commercial uses will also be located in this area. The commercial spaces will be neighborhood serving commercial of approximately 25,000 square feet plus 15 residential apartment units in this building. (7-1 bedroom units and 8-2 bedroom units). BUILDING “D” (133,865± SF) Currently being used as Industrial units. This use will be replaced by approximately 93 residential apartment units, (one and two bedroom units), as shown on attached drawings. Located in a four story building. (See attached elevations-12 units on each floor on Donahue Street and the remaining units on the podium to the rear of the property, (41- 1 bedroom units and 52-2 bedroom units-11 are townhomes). Bldg C AFFORDABILITY 15 units are Very Low Income located in building D. Bldgs C&D Bldg D The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein. Keegan & Coppin Company, Inc. 2017. CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County OVERVIEW PROJECT DESCRIPTION (PROPOSED & APPROVED) Design review approval & approval for landmark alteration permit and vacation of right-of-way approval for 185 multi-family units (approval of a 35% density bonus), plus approximately 25,000 sq. ft. of existing type 'A' commercial building within the downtown Santa Rosa Station Area Specific Plan - Transit-Oriented Development (TOD). Located in downtown Santa Rosa in the West End & North Railroad Square Preservation Districts. Unit Composition (1 and 2 Bedroom Units): Building A: 61 Units - 48,490± sf Building B: 16 Units - 23,559± sf Building C: 15 Units - 27,293± sf Building D: 93 Units (Includes 15 Affordable Units - Very Low Income) - 133,865± sf • A Total of 233,207± square feet of High Density Multi-Family Units, and Type 'A' Commercial Building (Existing) of 25,000± sf • 202± Parking Spaces Provided, which Includes 42 Curb Side Parking Spaces on Street A transit-oriented development (TOD) site - A mixed-use residential and commercial area designed to maximize access to public transport, and often incorporates features to Bldg D encourage transit ridership. Additional Bonus Density Potential to increase the number of multi-family units to 240- 276 units by replacing 20,000+/-sf of the commercial building. Bldg C Bldg D The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein. Keegan & Coppin Company, Inc. 2017. CONFIDENTIAL OFFERING DE TURK WINERY VILLAGE | HIGH DENSITY MULTI-FAMILY DEVELOPMENT OPPORTUNITY Santa Rosa, CA | Sonoma County LOCATION DESCRIPTION Located downtown Santa Rosa in Sonoma County on the West side of Highway 101 and North of Highway 12. In the Historic Railroad Square Neighborhood and West End Neighborhood. Railroad Square is the historic heart of the downtown and is Santa Rosa’s “Old Town”. Railroad Square