Redlands, California
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OFFERING Westside Church & School MEMORANDUM Redlands, California N Westside Church & School 1495 WEST OLIVE STREET, REDLANDS, CALIFORNIA 5.36 Acres consisting of an 8,884 Square Foot Existing Church Building & a 20,700 Square Foot Christian School Site OFFERING MEMORANDUM DECEMBER 2020 Land Advisors is a nationwide team of VantageOne evaluates raw land, acquisition respected, connected and talented alternatives, entitlement issues and land professionals that provide advisory redevelopment potential of each opportunity. and brokerage services to clients who Focusing primarily on well located land in need a rock-solid, data driven roadmap California, we apply our expertise to the for acquiring, selling, financing or design, leasing, entitlement and construction developing land and land-related assets. of commercial and residential projects. DOUG JORRITSMA, TOM ROBINSON, LAND ADVISORS ORGANIZATION VANTAGEONE REAL ESTATE INVESTMENTS, LLC 100 Spectrum Center Drive, Ste. 1400 4 Corporate Plaza, Suite 210 Irvine, CA 92618 Newport Beach, CA 92660 949 656 8003 949 631 6620 [email protected] [email protected] DRE #00995382 Contents 01 OPPORTUNITY OVERVIEW 12 Church Photos 06 Executive Summary 13 Local Amenities 07 Existing Conditions Site Plan 14 Education 08 Proposed Phased Site Plan 02 CONFIDENTIALITY, DISCLAIMERS 09 Christian School Floor Plan AND DISCLOSURES 16 Confidentiality & Disclaimer 10 Site Photos 17 Brokerage Disclosure 11 Christian School Photos 01 OPPORTUNITY OVERVIEW N Executive Summary PROPERTY FACTS LOCATION: Southeast corner of West Olive Avenue and Bellevue Avenue in the City of Redlands, San Bernardino County, CA ADDRESS: 1495 W. Olive Street, Redlands, CA 92373 ACREAGE: 5.36 acres APN: 0172-062-26 OWNERSHIP: Westside Church of Christ of Redlands CHURCH DETAILS: 8,884 sf including a Sanctuary and Sunday School room SCHOOL DETAILS: 20,700 sf including 12 classrooms, administrative offices, 2 teacher’s lounges, a Kitchen, a 3,500 sf multi-purpose room / cafeteria, and a separated preschool section ENTITLEMENTS: Future expansion would need to be re-entitled PROPERTY CONDITION: Currently used as a Christian Church and School Site. All equipment and furniture shall be included in the sale. ZONING: Single-family Residential (RS) GENERAL PLAN / LAND USE: Low Density Residential allowing for up to 6 dwelling units per acre SCHOOL DISTRICT: Redlands Unified School District Click here to view Westside Christian Website OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 6 Existing Conditions Site Plan Click here for Enlarged Map OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 7 Proposed Phased Site Plan Click here for Enlarged Map OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 8 Christian School Floor Plan Click here for Enlarged Map OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 9 Site Photos Click here for More Images OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 10 Christian School Photos Click here for More Images OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 11 Church Photos Click here for More Images OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 12 Local Amenities SHOP 01 Downtown Redlands 02 Citrus Plaza 03 Mountain Grove Shopping Center 04 Tri-City Shopping Center 05 Tri-City Center 06 The Shoppes at Northpointe 07 Inland Center 08 Chapman Heights Shopping Center 09 Oak Glen Plaza 23 10 10 Highland Crossings PLAY 14 11 Hangar 24 Brewery 7 3 11 12 San Bernardino County Museum 13 12 2 13 Splash Kingdom Water Park 5 6 20 4 14 National Orange Show Event Center 21 1 15 Redlands Country Club 18 17 16 Wildwood Canyon State Park 22 8 17 Yucaipa Valley Golf Club 9 WELLNESS 15 16 18 Loma Linda University Medical Center 19 Loma Linda University Health Care EDUCATION 20 University of Redlands 21 Loma Linda University 22 Crafton Hills College TRAVEL 19 23 San Bernardino International Airport OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 13 Education Redlands Unified School District is the top ranking school district within San Bernardino County. DISTINGUISHED SCHOOLS ▲ Smiley Elementary School (Grades K-5) 1210 West Cypress Avenue, Redlands, CA 92373 GreatSchools: 7/10* ▲ Cope Middle School (Grades 6-8) 1000 West Cypress Avenue, Redlands, CA 92373 GreatSchools: 6/10* ▲ Redlands Senior High School (Grades 9-12) 840 East Citrus Avenue, Redlands, CA 92374 GreatSchools: 8/10* Redlands Senior High School *GreatSchools is a national nonprofit organization. The GreatSchools rating is a simple tool that helps you compare schools within a state based on test scores and other available data, like student academic progress and college readiness. Cope Middle School Smiley Elementary School OPPORTUNITY OVERVIEW LAND ADVISORS & VantageOne Real Estate Investments, LLC 14 CONFIDENTIALITY, DISCLAIMERS 02 AND DISCLOSURES Confidentiality & Disclaimer The information contained in this offering material (“Brochure”) is confidential, furnished solely for the purpose of a review by prospective purchaser of any portion of Westside Church Site (APN 0172-062-26) within the City of Redlands, San Bernardino County, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Park Place Partners, Inc. d/b/a Land Advisors Organization and VantageOne Real Estate Investments, LLC (collectively “Brokers”). The material is based in part upon information supplied by Westside Church of Christ, Of Redlands (“Seller”) and in part upon information obtained by Brokers from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, Brokers, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. This Brochure was prepared by Brokers. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Brokers or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Seller and Brokers expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. Brokers is not authorized to make any representations or agreements on behalf of Seller. This Brochure is the Property of Brokers and may be used only by parties approved by Land Advisors. The Property is privately offered and, by accepting this Brochure, theparty in possession hereof agrees (i) to return it to Brokers immediately upon request of Land Advisors or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Brokers and Seller. Please be advised, Buyer acknowledges that Brokers, may (1) act as an agent for more than one prospective Buyer on the Property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting Brokers to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers. The terms and conditions set forth above apply to this Brochure in its entirety. Brokerage Disclosure DISCLOSURE AND CONSENT FOR REPRESENTATION OF MORE THAN ONE BUYER OR SELLER Excerpts From – C.A.R. Form DA, 11/06 A real estate broker, whether a corporation,