Coral Lakes Cape Coral Mixed-Use Development Opportunity

CORAL LAKES CAPE CORAL MIXED-USE DEVELOPMENT OPPORTUNITY

DEL PRADO BLVD.

AADT 16,600±

CORAL LAKE BLVD.

www.lsicompanies.comOFFERING MEMORANDUM 1 coral OFFERING SUMMARY lakes Address: 3100 Del Prado Blvd N. Cape Coral, FL 33909 EXECUTIVE TEAM County: Lee

Property Size: 23.3± Acres (Multi-Family Parcels) 1.1-1.4± Acres (Commercial Outparcels)

Zoning: CI/PDP

Future Land Use: Mixed-Use

Justin Thibaut, CCIM Utilities: Water, Sewer, Electric, and Cable President / Partner

Parcel ID: 30-43-24-C2-006C1.0000

2019 Taxes: $15,614.96 DIRECT ALL OFFERS TO: Price: $3,500,000 (Residential) JUSTIN THIBAUT, CCIM $3,000,000 (Commercial) [email protected] 239.489.4066

MARKETED AND EXCLUSIVELY LISTED BY: OFFERING PROCESS Offers should be sent via Contract or Letter of Intent to include, but not limited to, basic terms such as purchase price, earnest money deposit, feasibility period and closing period.

WWW.LSICOMPANIES.COM EXECUTIVE SUMMARY

Coral Lakes consists of 34± acres of prime residential and commercial development potential along Del Prado Blvd. in Cape Coral, FL. Situated adjacent to the successfully com- pleted single-family neighborhood, Coral Lakes, this site offers the opportunity to bring new multi-family product to an CORAL LAKE BLVD. underserved market, and commercial opportunities along a well-traveled Lee County roadway.

The site is in close proximity to shopping, dining, a Publix-an-

chored retail center, healthcare facilities, and a multitude of DEL PRADO BLVD. PRADO DEL entertainment options along nearby Pine Island Rd. BLVD. PRADO DEL

Recent multi-family activity in the Cape Coral market contin- ues to escalate, proving the demand for new rental housing product. With quick access to I-75 and US-41, paired with nearby attractions, Coral Lakes is the next mixed-use development to emerge in one of the fastest growing communi-

ties in the United States. AADT 16,600±

DEL PRADO BLVD.

www.lsicompanies.com 3 SITE AERIAL

KISMET PKWY.

AADT 16,600±

DEL PRADO BLVD.

CORAL LAKE BLVD.

www.lsicompanies.com 4 SITE AERIAL

CORAL LAKE BLVD.

AADT 16,600±

DEL PRADO BLVD.

www.lsicompanies.com 5 LOCATION MAP LEE COUNTY

Burnt Store Marina GASPARILLA 75 To TAMPA 31 ISLAND 75 121 Miles . XT E 143 O NORTH BAYSHORE RD D

R FORT MYERS

L Coral Oaks E SITE

BURNT STORE RD BURNT STORE KISMET PKWY Golf Course RAILROAD 80 LITTLETON RD 78 BLVD RD

141 ORANGE RIVER BLVD

PONDELLA RD SITE ALT. RT 41 765 River PALM BEACH HANCOCK BRIDGE PKWY BUCKINGHAM 41 139 PINE ISLAND RD CAYO MLK BLVD COSTA 78 138 BUCKINGHAM LEHIGH

AVE ACRES CAPE FORT 82 JOEL BLVD MATLACHA MYERS

CORAL RD GUNNERY FOWLER ST ORTIZ RD LEE BLVD 136

PINE CLEVE LAND ISLAND COLONIAL BLVD LEELAND HEIGHTS BLVD 867 DEL PRADO BLVD

IMMOKALEE RD RD S Caloosahatchee 75

T 75 CHIQUITA BLVD CHIQUITA SIX MILE

I N CYPRESS PKWY Gateway BAMA G

E CAPE CORAL PKWY ALA L L PKWY O

COL LEGE METRO PKWY

W PALOMINO LN PALOMINO

131

R CYPRESS LAKE DANIELS PKWY 82 D HOMESTEAD RD HOMESTEAD RD Iona MCGREGOR BLVD GLADIOLUS DR SWFL Int'l.

SHELL POINT BLVD AIRPORT BLVD BELL GRAHAM ALEXANDER

Health Park TREELINE 867 IN L R E DAVIS R DAVIS M CAPTIVA SUM ISLAND ST. JAMES 869 ALICO RD 128

CITY BLVD SAN CARLOS

865 JOHN MORRIS To Florida SANIBEL RD ISLAND PARK Gulf Coast San Carlos University

Park OAKS PKWY OAKS ILL GRIFFIN PKWY GRIFFIN ILL SCREW RD

CORK THREE FORT MYERS H BEN PERIWINKLE WAY BEACH www.lsicompanies.comESTERO BLVD 6 123 SANIBEL ESTERO ISLAND 41 RAILROAD

COCONUT GULF PELICAN OF LANDING STRIKE LN MEXICO BONITA 887 BEACH BONITA BAY TERRY ST BONITA SPRINGS

116 BONITA BEACH RD 846 arraco Band Associates, Inc. CIVIL ENGINEERING - LAND SURVEYING LAND PLANNING W www.barraco.net 2271 McGREGOR BLVD., SUITE 100 S N POST OFFICE DRAWER 2800 SITE PLAN FORT MYERS, FLORIDA 33902-2800 PHONE (239) 461-3170 FAX (239) 461-3169 E FLORIDA CERTIFICATES OF AUTHORIZATION 0 38 75 150 ENGINEERING 7995 - SURVEYING LB-6940

PREPARED FOR SCALE IN FEET EXISTING LAKE Land

EXISTING LAKE Solutions inc.

6810 INTERNATIONAL CENTER BLVD. FORT MYERS, FL 33912

PHONE (239) 482-1500 FAX (239) 481-8477 LAKE EXPANSION TYPE IV WWW.LANDSOLUTIONS.NET

10 PROJECT DESCRIPTION

EXISTING LAKE 11

9 9 9

9 CORAL 5 7 EXISTING LAKE

13 9 LAKES

TYPE I TYPE LAKE EXPANSION

9 6 TYPE I TYPE 9

9 LEE COUNTY, FLORIDA TYPE IV TYPE

10 PROPOSED DENSITY

1 BED 2 BED 3 BED THIS PLAN IS PRELIMINARY AND TYPE IV TYPE

INTENDED FOR CONCEPTUAL

9 BUILDING I 10 IV TYPE

8 7 36 UNITS 24 UNITS - PLANNING PURPOSES ONLY. TYPE III 3 BUILDINGS

TYPE III 9 BUILDING II SITE LAYOUT AND LAND USE PROPOSED LAKE PROPOSED LAKE 12 48 UNITS 48 UNITS - 4 BUILDINGS INTENSITIES OR DENSITIES MAY CHANGE SIGNIFICANTLY BASED BUILDING III UPON SURVEY, ENGINEERING,

8 36 UNITS 24 UNITS - 10 ENVIRONMENTAL AND / OR

9 3 BUILDINGS

TYPE II TYPE 7

o REGULATORY CONSTRAINTS AND /

TYPE II o

o o o OR OPPORTUNITIES. TYPE II TYPE BUILDING IV - 48 UNITS 32 UNITS

o 4 BUILDINGS

12 o

POOL o DRAWING NOT VALID WITHOUT SEAL, SIGNATURE AND DATE

o REPRODUCTION, CHANGES OR ASSIGNMENTS ARE PROHIBITED TYPE III COMPACTOR o 10

TYPE I 10

8 FILE NAME 23524X00-OPT9.DWG

6 GRAND TOTAL: 296 UNITS LOCATION J:\23524\DWG\PRELIM\

9 o

9 o CLUB o PLOT DATE MON. 2-10-2020 - 8:59 AM

o 10 o

9 10

10 10 ANGELICA HARDY 10 PLOT BY 9

o GATE

CROSS REFERENCED DRAWINGS o UNITS BY BUILDING

5 10

9 BASEPLAN = 23524A00-OPT9.DWG 11 9

9 CAR WASH 1 BED 2 BED 3 BED o

6 BUILDING I

10 12 UNITS 8 UNITS - 20 UNITS

9 PLAN REVISIONS BUILDING II 12 UNITS 12 UNITS - 24 UNITS

BUILDING III 12 UNITS 8 UNITS - 300' 20 UNITS BUILDING IV 12 UNITS 8 UNITS (CP) FUTURE 20 UNITS OUTPARCEL OUTPARCEL OUTPARCEL 1.4 AC LAND USE 1.1 AC 1.1 AC OUTPARCEL 1.1 AC OUTPARCEL 1.1 AC PARKING PLAN STATUS OUTPARCEL OUTPARCEL 1.2 AC 1.1 AC PARKING RATE: 1.75 2 2.5 REQ'D SPACES: 210 288 80 TOTAL SPACES REQUIRED: 578 PRELIMINARY SITE PLAN SURFACE PARKING SPACES: 494 OPTION 9 GARAGE PARKING SPACES: 126 PROJECT / FILE NO. SHEET NUMBER TOTAL PARKING SPACES PROVIDED: 620 23524

www.lsicompanies.com 7 AREA AMENITIES

SPORTS & RECREATION ATTRACTIONS & ENTERTAINMENT EDUCATION The Southwest Florida environment provides excellent Southwest Florida’s greatest attractions and A highly respected private educational institution, weather for enjoying sports and recreation year-round. entertainment opportunities offer something for Hodges University, is located just 14 miles from the Golfers can enjoy the nearby Fort Myers Country Club everyone, from festival-goers and theatre lovers to property. Other higher education opportunities in Fort Golf Course as it’s just one of many golf courses from families and college students. Yellow Fever Creek Myers include Florida Gulf Coast University and Florida which to choose in the Fort Myers area. Baseball fans can Preserve and Prairie Pines Preserve are two of the closest Southwestern State College. These are easily accessible, enjoy two MLB teams during Spring Training season – The nature attractions. Each provide wonderful opportunities making the site an excellent location for students. For Boston Red Sox at JetBlue Park and The Minnesota Twins to explore the Southwest Florida environment and families with children, the School District of Lee County at CenturyLink Sports Complex (Hammond Stadium). enjoy the beautiful weather. Sun Harvest Citrus is also provides excellent public schools within very close The Fort Myers Miracle baseball team plays during the a very popular outing with a Florida flair, where visitors proximity to the property. The District provides busing summer months and a variety of sporting events occur can purchase grove-fresh oranges and orange juice. for those who wish to attend a school outside of the year round at these world-class facilities. Finally, Fort Of course, the beaches – including world renowned immediate neighborhood. Myers’ location on the Gulf of Mexico make it an excellent Sanibel and Captiva Islands and Fort Myers Beach – and place to enjoy a variety of water sports such as boating, other Fort Myers attractions are within a few miles of kayaking and fishing. the property. Additional entertainment can be found throughout the area. From the festivals of The Fort Myers River District to world-class entertainment at Barbara B. Mann Performing Arts Hall and Germain Arena, there is an abundance of cultural and entertainment opportunities for residents to enjoy year-round.

www.lsicompanies.com 8 AREA AMENITIES

SHOPPING & DINING A plethora of shopping and dining attractions are THE FORUM is a 458,000± square foot retail property and situated conveniently throughout Fort Myers. presents numerous shopping and dining opportunities LOCATION HIGHLIGHTS BELL TOWER SHOPS is a landmark shopping, dining to Fort Myers residents. Retail stores include Staples, and entertainment destination centrally located in Fort The Home Depot, Bed Bath & Beyond, and Petco. Dining • 0.5± miles from Publix Shopping Center Myers, Florida. The open-air center offers fine retail shops options include Buffalo Wild Wings, Five Guys Burgers and Fries, McAlister’s Deli, and Starbucks. • 2.5± miles from Walmart, Aldi, Home Depot, including eclectic boutiques and shopping favorites and the Shell Factory Williams-Sonoma, Chico’s, White House | Black Market, COCONUT POINT is a picturesque outdoor mall featuring • 3± miles from US 41 Victoria’s Secret, Scout & Molly’s Boutique, and Talbots. over 140 stores including Dillard’s, Target, Apple Store, Exceptional shopping is complemented by distinctive Michael Kors, and Barnes & Noble – all surrounding • 9± miles to Edison Mall restaurants such as DaRuMa Japanese Steak House, several acres of lakes with a boardwalk. Experience a • 10± miles from Downtown Cape Coral and Grimaldi’s Pizzeria, Blue Pointe Oyster Bar & Seafood Grill, wide range of dining options, from the elegant Ruth’s Downtown Fort Myers Cantina Laredo, Mimi’s Café, T.G.I. Friday’s, and Society. Chris Steakhouse and South Fork Grille, to family favorites A community partner and pet-friendly destination, Bell Ted’s Montana Grill, Rodizio Grill, Bokamper’s Sports Bar • 11± miles from I-75 Tower Shops hosts special events throughout the year, and Grill or California Pizza Kitchen. Additionally, the 16 • 11± miles to Cape Coral Yacht Club including concerts, fundraisers, art fairs, and more. screen Hollywood Theaters is within walking distance of • 15± miles from Bell Tower Shops GULF COAST TOWN CENTER is a sophisticated many of the restaurants in this complex. • 19± miles from Fort Myers and Sanibel contemporary shopping experience with more than Beaches 100 stores and restaurants and over a million square feet of business space. The mall hosts special events throughout the year. Bass Pro Shops, Costco, Regal Cinemas, Super Target, and Best Buy anchor this center.

www.lsicompanies.com 9 GRAPHIC PROFILEGraphic - P rofile Oak Creek / Chapel Creek Prepared by Land Solutions 7401-7711 Bayshore Rd, North Fort Myers, Florida, 33917 Latitude: 26.71523 5 MIN. DRIVE TIMEDrive Time: 20 minute radius Longitude: -81.83222

2017 Population by Race 2017 Population by Age

220,000 73.2% 200,000 5.9% 12.6% 16.6% 180,000 <5 160,000 5-19 140,000 11.0% 5.9% 20-24 120,000 25-34 100,000 80,000 35-44 14.5% 11.9% 45-54 60,000 7.0% 22.7% 40,000 2.0% 2.8% 55-64 0.5% 13.4% 20,000 65+ 0 White Black Am .Ind. Asn/Pac Other Tw o +

2017 Percent Hispanic Origin:22.6%

Households 2017 Home Value

110,922 120,000 99,054 37.8% 85,024 100,000 <$100K 80,000 $100-199K 26.3% $200-299K 60,000 5.8% $300-399K 40,000 4.1% $400-499K 8.7% $500K+ 20,000 17.4% 0 Census 2010 2017 2022

2017-2022 Annual Growth Rate

2.45 3 2.31 2.29 2.14 2.5

1.5 Percent 1

0.5

0 Population Households Median Household Income Owner Occupied Housing Units

Household Income

18 16

14 2017 12 2022 10 8 Percent 6 4 2 0 <$15K $15K-$25K $25K-$35K $35K-$50K $50K-$75K $75K-$100K $100K-$150K $150K-$200K $200K+

Source: U.S. Census Bureau, Census 2010 www.lsicompanies.comSummary File 1. Esri forecasts for 2017 and 2022. 10 September 26, 2017

www.lsicompanies.com September 26,11 2017

THE SCHOOL DISTRICT OF LEE COUNTY

E-1

W-1

W-2 E-2 E-3

W-3 S-1

S-2

S-3

STUDENT Elementary Middle ENROLLMENT Multi-Level High ZONES Multi-Zone Student 2019-2020 Enrollment Office

Free school bus transportation is provided for students who live beyond two miles from their assigned school. Students residing in barrier island boundary areas of Fort Myers Beach, and Pine Island will attend their barrier island elementary school. Students residing in barrier island boundary area of Sanibel Island will attend their barrier island elementary and middle school.

WEST ZONE SOUTH ZONE EAST ZONE Student Enrollment Office Fort Myers ...... 2 Elementary Schools Elementary Schools Elementary Schools Caloosa (U) ...... 5 Allen Park ...... 1 Alva (K-8) ...... 2 Bonita Springs (A) (U) ...... 4 Bayshore (U) ...... 3 Cape ...... 6 Colonial (U) ...... 7 Edgewood Academy (A) (U) ...... 10 Diplomat (U) ...... 8 Edison Park (A) ...... 11 G. Weaver Hipps ...... 45 Gulf ...... 16 Franklin Park (U) ...... 13 Gateway ...... 15 Hancock Creek ...... 17 Heights (IB) ...... 18 Harns Marsh ...... 43 Hector A. Cafferata, Jr. (U) ...... 40 Orangewood ...... 25 James Stephens Academy (U) ...... 6 J. Colin English (IB) (U)...... 19 Pinewoods ...... 28 Lehigh ...... 20 Littleton (U) ...... 9 Ray V. Pottorf ...... 41 Manatee (U) ...... 14 NFM Academy for the Arts (K-8) (A) (U) .....23 Rayma C. Page (U) ...... 42 Mirror Lakes (U) ...... 22 Patriot ...... 44 San Carlos Park (A) (U) ...... 29 Orange River (U) ...... 24 Pelican ...... 26 Spring Creek (U) ...... 31 River Hall (U) ...... 12 Skyline ...... 30 Tanglewood ...... 33 Sunshine ...... 32 Tice (FL) ...... 37 Trafalgar (U) ...... 34 Three Oaks ...... 36 Villas ...... 39 Tortuga Preserve (U)...... 46 Tropic Isles ...... 38 Treeline (U) ...... 35 Middle Schools Veterans Park (K-8) (A) (U) ...... 27 Middle Schools Bonita Springs (A) (CA) ...... 2 Caloosa (CA) ...... 3 Cypress Lake (A) ...... 4 Middle Schools Challenger ...... 17 Fort Myers Middle Academy (U) ...... 16 Alva (K-8) ...... 2 Diplomat...... 5 Lexington (IB) ...... 15 Harns Marsh (CA) (A) (U) ...... 28 Gulf ...... 8 Paul Laurence Dunbar ...... 11 Lehigh Acres (CA) (STEAM) (U) ...... 14 Mariner (IB) ...... 10 Three Oaks (U) ...... 12 Oak Hammock (A) (U) ...... 18 NFM Academy for the Arts (K-8) (A) (U) ....23 Varsity Lakes (U)...... 7 High Schools Veterans Park (K-8) (A) (U) ...... 27 Trafalgar ...... 13 Bonita Springs (9th, 10th, & 11th grades only) High Schools High Schools (FC)-S2 & S3 Only ...... 14 Cypress Lake (A) (CAP) ...... 2 Dunbar (IB/S)...... 3 Cape Coral (IB) ...... 1 Dunbar Zone Magnet (IB/S) ...... 3 East Lee County (C) (CA) ...... 12 Ida S. Baker (CAP) ...... 10 Estero (CA) ...... 4 Lehigh Senior (A) (CA) ...... 6 Island Coast (CAP) ...... 13 Fort Myers (IB) ...... 5 Riverdale (IB) ...... 9 Mariner (CAP) ...... 7 South Fort Myers (C) (CAP) ...... 11 North Fort Myers (A) (CA) ...... 8

(A) Arts Program; (C) Comprehensive Program; (CA) Cambridge Program; (CAP) AP Capstone; (FC) FGCU Collegiate; (FL) Foreign Language; (IB) International Baccalaureate; (IB/S) IB/STEM; (STEAM) Science, Technology, Engineering, Arts, Math; (STEM) Science, Technology, Engineering, Math; (U) this school has a uniform clothing policy

www.lsicompanies.com 12 coral lakes

LIMITATIONS AND DISCLAIMERS

The content and condition of the property provided herein is to the best knowledge of the Seller. This disclosure is not a warranty of any kind; any information contained within this proposal is limited to information to which the Seller has knowledge.

Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.

It is not intended to be a substitute for any inspections or professional advice the Buyer may wish to obtain. An independent, professional inspection is encouraged and may be helpful to verify the condition of the property.

The Seller and LSI Companies disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. Buyer to hold any and all person’s involved in the proposal of the property to be held harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed.

Potential Buyer acknowledges that all property information, terms and conditions of this proposal are to be kept confidential, and concur that either the Potential Buyers, nor their agents, affiliates or attorneys will reveal this information to, or discuss with, any third parties.

Buyer will be a qualified Buyer with significant experience in entitlement and development process in Lee County with finesse and wherewithal and be willing to be interviewed by the LSI Companies team. CORAL LAKES CAPE CORAL MIXED-USE DEVELOPMENT OPPORTUNITY

DEL PRADO BLVD.

AADT 16,600±

CORAL LAKE BLVD.

Land Solutions, a branch of LSI Companies, was founded in 2000 by Randy Thibaut to serve land owners, developers and home builders in acquiring land suitable for the development of residential and commercial properties. Today, LSI Companies is a recognized leader in Southwest Florida real estate brokerage, offering full land services, market research, asset management, and residential/commercial land marketing specialties. The LSI Companies team consists of highly skilled professionals with expertise in every aspect of the development process. The team specializes in current market and valuation issues, acquisition and disposition services, due diligence evaluation, per- mitting status and compliance, work-out projects, asset management, and land zoning and planning.

6810 International Centerwww.lsicompanies.com Blvd. • Fort Myers, FL 33912 • 239.489.4066 14