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T O W N H O M E S I Wesley Chapel TOWNHOME SITE Premier ±77-Acre Development Opportunity Located within Wesley Chapel’s Connected City CUSHMAN & WAKEFIELD | OFFERING MEMORANDUM CONTACTS INVESTMENT SALES Zephyrhills N JEANNETTE JASON DIRECTOR +1 813 254 4900 [email protected] EPPERSON DEVELOPMENT Watergrass 2,000-Home Residential Community Homes up to $575,000 BRAD CAPAS Homes up to $600,000 EXECUTIVE DIRECTOR +1 954 328 7791 EPPERSON CRYSTAL LAGOON [email protected] 7-Acre Lagoon with Related Curley Road Amenities & Activities CHRISTINE MAGUIRE-KING ASSOCIATE +1 813 424 3206 Homes up to [email protected] $559,000 RICKY GILES FINANCIAL ANALYST Homes up to +1 954 938 2612 $430,000 [email protected] Elam Road DEBT, EQUITY, & FINANCE Overpass Road ROBERT KAPLAN EXECUTIVE MANAGING DIRECTOR +1 305 533 2860 [email protected] CHRIS LENTZ SENIOR DIRECTOR Kenton Road +1 305 533 2865 [email protected] Wesley Chapel OFFERING TERMS AND PROCESS TOWNHOME SITE The seller is desirous of contracting with a qualified buyer who can transact expeditiously on an “as-is,” non-contingent basis. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of Purchasers’ offers including, but not limited to (1) asset pricing, (2) due diligence and closing time frame, (3) earnest money deposit, (4) a description of the debt/equity structure, and (5) a description of proposed development program, if any, and (6) qualifications to close. Offers can be addressed to Cushman and Wakefield as exclusive representative of the seller. multifamily.cushwake.com/listings/wesleychapelland INVESTMENT Wesley Chapel TOWNHOME SITE PROPERTY SUMMARY Cushman & Wakefield is pleased to offer77+ gross acres zoned to permit up to 400 townhomes GROSS ACREAGE ±77.4 and 106,000+ square feet of service-ready/commercial uses. Part of the state-of-the-art Connected City master planned community, the property is immediately adjacent to Epperson, a WETLAND ±11.8 rapidly expanding residential development best known for its 7-acre crystal lagoon and desirable, NET DEVELOPABLE ACRES ±65.6 single family communities. SERVICE READY SITE ±4.0 NET RESIDENTIAL ACRES ±61.6 ONE PASCO CENTER Light Industrial Park Palm Ridge Estates N MIRADA PERMITTED RESIDENTIAL UNITS 400 Townhomes Homes up to $370,000 Part of the Connected City RESIDENTIAL DENSITY ±6.49 Units per Acre PERMITTED SRSA INTENSITY ±106,817 SF FRONTAGE 2,200± Feet Along Elam Rd. King Lake 1 Mile to Curley Rd. ACCESSIBILITY Wesley Chapel 1.4 Miles to Proposed I-75 Interchange at Overpass Rd. TOWNHOME SITE All Available at South Property Line UTILITIES (Elam Rd.) EPPERSON DEVELOPMENT Kenton Road CC-MPUD ZONING Connected City Master Planned Unit Development Zone X - Most of the Property FLOOD ZONE Zone A - Small Portion of Site Near King Lake Elam Road EPPERSON DEVELOPMENT Wesley Chapel 3 TOWNHOME SITE L e g e n d 22' x 110' Townhomes Community Amenity Courtyard Open Space Landscape Buffer King Stormwater Pond Lake Wetland Conservation SITE PLAN N R:\ELLIS\MASTER PLAN\LAND PLANNING\CONCEPTUAL CONCEPTR:\ELLIS\MASTER LAYOUT\ELLIS J.DWG-ARCH-D-PORTRAIT 8:46 AM BRIAN KIRALY 2018/10/12 Zoning The property is positioned within the Connected City master planned community. The site was recently rezoned from an agricultural designation to CC-MPUD, Connected City Master Planned Unit development. The zoning jurisdiction is Pasco County. The property can be developed with up to 400 for-sale or rental townhomes and up to 106,817 square feet of “Commercial/ Service Ready (SRSA)” uses. Impact & Connection Fees Total impact fees and utility connection charges, including Connected City surcharges are estimated to total $15,820 per unit. A full schedule of fees is available from Cushman & Wakefield. Kenton Road Kenton Elam Road NO DOCUMENTATION (INCLUDING BUT NOT LIMITED CONSENT IS HEREBY GRANTED SPECIFICALLY TO DATE DESCRIPTION BY 1/15/19 Concept H B Kiraly 1" = 200' ALL RIGHTS RESERVED. 2/22/19 Concept J B Kiraly 0 100' 200' 400' Ellis Connected City HALF SCALE 11" BY 17" DATE: 10/11/18 JOB #: SED EP 1001 Note: This is a preliminary/conceptual site plan and is subject to Conceptual Site Plan Concept "J" Pasco County, FL survey information, final design, engineering and governmental approvals, additional drainage, floodplain and grand tree © COPYRIGHT 2019, HEIDT DESIGN, LLC. analysis is required and may affect final unit totals and layout. OR MAYTO DRAWINGS EXHIBITS) BE COPIED, REPRODUCED, PERMISSION OR DISTRIBUTED UNLESS SPECIFIC WRITTEN GOVERNMENTAL AGENCIES TO REPRODUCE F.S. CHAPTER THIS DOCUMENTATION IN COMPLIANCE WITH 119. HAS BEEN OBTAINED FROM HEIDT DESIGN, LLC. IN ADVANCE. HAS BEEN OBTAINED FROM HEIDT DESIGN, LLC. IN N Overpass Road Elam Road Wesley Chapel TOWNHOME SITE AREA OVERVIEW The property is located within the rapidly-expanding, Connected City area of Wesley Chapel in southeast Pasco County. This is among the fastest growing submarkets in the greater Tampa market and one of the region’s most desirable residential communities. WESLEY CHAPEL’S CONNECTED CITY CONNECTED CITY Connected City Is Projected to House Nearly 100,000 Residents, 37,000 Homes and 66,000 Jobs MIRADA The property is positioned within America’s first Connected City. This award-winning, SR-52 futuristic community is planned around an ultra-speed connectivity network. When completed, this 7,800+ acre, master planned community will consist of five developments; Epperson Ranch South, EPCO Ranch North, Promenade Town Center, Ashley Groves and Mc Kendree Rd Kendree Mc Mirada. With 1 gigabit of “UltraFi” WiFi speed throughout, this forward-thinking city is set to attract industries, businesses, jobs and entrepreneurs to the area. Possessing the most attractive elements of modern urban design, the Connected City includes multi-modal transportation infrastructure, a variety of housing types, state-of-the-art amenities and environmentally sound conservation features. Tyndall Rd Curley Rd Curley Kenton Rd Kenton PROFOUND EFFICIENCY From the transportation network to the utility system, energy efficiency is one of the Connected City’s highest priorities. Each community within Connected City is linked to Wesley Chapel EPCO RANCH intelligent transit systems, each of which regulate traffic flow in real time. The city is built with TOWNHOME SITE roadways that are ready for autonomous vehicles and integrate renewable energy sources. Elam Rd EPPERSON WORLD-CLASS AMENITIES DEVELOPMENT Overpass Rd Metro Lagoons, by Crystal Lagoons, can be found at the center of Epperson and Mirada. CRYSTAL Epperson’s crystal lagoon, which spans over seven acres and is now open to the public, offers LAGOON blue water, beaches, kayak/paddleboard rentals and even a swim-up bar. Mirada’s Crystal Lagoon is planned to span 15 acres and offer similar features. The Connected City also provides over 1,600 acres of parks, some of which include miles of bike paths and trails. Wesley Chapel 6 TOWNHOME SITE AREA OVERVIEW ADJACENT TO EPPERSON The property is positioned immediately adjacent to Epperson, a 2,000-home planned residential community within Connected City. Epperson consists primarily of single family homes priced from the mid $200,000’s to over $600,000. Townhome prices range into the high $200,000’s. CRYSTAL LAGOON & AMENITIES The centerpiece of Epperson is its 7-acre Crystal Lagoon and related amenities, including a swim-up bar, dockage for paddleboards and kayaks, floating obstacle course, slide and climbing wall, beach areas, tiki hut areas and a covered stage for live music and events. The Crystal Lagoon is open to the public. Epperson also offers parks, miles of trails and golf cart paths. Homebuilders Active within Epperson Wesley Chapel 7 TOWNHOME SITE Wesley Chapel TOWNHOME SITE NEARBY RETAIL Rd Curley Kenton Rd Kenton Elam Rd THE GROVE AT WESLEY CHAPEL THE GROVE AT WESLEY CHAPEL 4 Miles PROPOSED EPPERSON RETAIL 1 Mile 471,000+ SF Community Center Major Anchor Retailers, Boutiques, Ryan Companies Announced Plans Restaurants, & Entertainment for a Grocer, Health Club, & 6 Retailers TAMPA PREMIUM OUTLETS VILLAGE MARKET 4 Miles 90,000+ SF Neighborhood Retail Center TAMPA PREMIUM OUTLETS TAMPA PREMIUM OUTLETS 8 Miles Over 110 Shops & Dining Options THE SHOPS AT WIREGRASS 7 Miles 800,000+ SF of Shopping & Dining Pedestrian-Friendly, Open-Air Retail Village THE SHOPPES AT NEW TAMPA 7 Miles THE SHOPS AT WIREGRASS 8 8 NEARBY EMPLOYMENT Wesley Chapel TOWNHOME SITE I-75 OFFICE CORRIDOR Clustered along Interstate-75, this thriving office market features over 22 million square feet of office space and is home to a number of corpo- rate campuses and business parks. The major business parks in the submarket are Sabal Park, Tampa Telecom Park and Hidden River Corpo- rate Park. This office submarket is also home to a number of significant public and private com- panies including JPMorgan Chase, Citi, Verizon, USAA and Johnson & Johnson. HIDDEN RIVER CORPORATE CENTER • Located only 14 miles south of the Site, Hidden River Corporate Center is a Class A office park with over 420,000 square feet 1-75 OFFICE CORRIDOR 22M SF Office Space of office space. • Hidden River is home to 5 Fortune 500 HIDDEN RIVER CORPORATE CENTER Companies 14 Miles Away 420,000 SF Class-A Office Park INTELLICENTER TAMPA OAKS OFFICE PARK 14 Miles Away • Located within the Tampa Telecom Park, In- tellicenter is a 200,000 square-foot Class A 269,000 SF Office Park office building. The building’s main tenants INTELLICENTER are Moffitt Cancer Center (155,000 SF) and Located within Tampa Telecom Park Morgan Stanley (25,000 SF). 200,000 SF Class-A Office Park Zoned for Additional 150,000 SF • An adjacent 14-acre land parcel is zoned for 150,000 square-feet of future develop- ment and is going through the planning stages. TAMPA INT’L AIRPORT TAMPA OAKS OFFICE PARK 8,000 Employees • Located only 14 miles south of the Site, Tampa Oaks is a two-phase, 269,000 square-foot office park adjacent to I-75.
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