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 CONCEPT PLAN\LAND LAYOUT\ELLIS R:\ELLIS\MASTER 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 DOCUMENTATIONBUT NOT LIMITED (INCLUDING CONSENT HEREBY IS GRANTED SPECIFICALLY TO
DATE DESCRIPTION BY
1/15/19 Concept H B Kiraly 1" = 200' RIGHTS RESERVED. ALL 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 LLC. DESIGN, HEIDT 2019,
analysis is required and may affect final unit totals and layout. OR MAYTO DRAWINGS BE COPIED, EXHIBITS) REPRODUCED, PERMISSION OR UNLESS SPECIFIC WRITTEN DISTRIBUTED GOVERNMENTAL AGENCIES TO REPRODUCE F.S. CHAPTER DOCUMENTATIONCOMPLIANCE THIS IN WITH 119. HAS BEEN OBTAINED FROM HEIDT DESIGN, LLC. IN ADVANCE. IN HAS FROMLLC. BEEN OBTAINED DESIGN, HEIDT 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 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 Kenton Rd
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.
DOWNTOWN TAMPA UNIVERSITY OF SOUTH FLORIDA 10.4M SF Office Space • Over 50,000 students • Ranked as one of the top public universi- ties in the country • Comprised of 14 colleges offering more than 180 undergraduate majors. HOSPITALS & SCHOOLS
Schools
ELEMENTARY SCHOOL The Pasco County School District owns Wesley Chapel Elementary ( Rated B+) 104 acres for future school development at the southeast corner of Curley and Kiefer Roads, roughly 1.5 miles from the property. MIDDLE SCHOOL Thomas E. Weightman Middle ( Rated B) The Pasco County School Board has approved an agreement with Metro Apple and Red Apple Development to construct a K-8 Charter School on the east side of Curley Road in Epperson. The 55,000 square foot school will HIGH SCHOOL Thomas E. Weightman Middle ( Rated B) have a capacity of 765 students and could open as soon as fall 2020.
Hospitals
ADVENT-HEALTH WESLEY CHAPEL PROPOSED BAYCARE HOSPITAL CONNECTED CITY HEALTH AND WELLNESS (Formerly known as Florida Hospital Wesley Chapel) Baycare plans to develop a new $200 million, 60- In partnership with AdventHealth, the Connected Formerly known as Florida Hospital Wesley bed hospital along Bruce B. Downs Boulevard near City, which offers ultra-speed connection and Chapel, AdventHealth Wesley Chapel is a 145-bed State Road 54 (7 miles south of the property). The advanced infrastructure, has uniquely positioned award-winning hospital only 6 miles from the Site. 55-acre campus will include the 190,000 square foot itself to be a breeding ground for modern health AdventHealth Wesley Chapel is the only hospital hospital plus an 85,000 square foot medical office and wellness advancements. Although no in the Tampa Bay area to receive a 5-Star Overall building. The facility is expected to break ground announcements have been released on what exactly Hospital Quality Rating. in early 2020 with completion scheduled for March will take place, the Connected City has the potential 2023. The hospital will be staffed with up to 220 full to offer the most unique healthcare systems to date, time employees. leveraging technology and intertwining the physical and digital aspects of healthcare.
Wesley Chapel 10 TOWNHOME SITE NEARBY TRAVEL PORTS TAMPA INTERNATIONAL AIRPORT 24 Miles | 40 Minute Drive
• 19M Annual Passengers | Employs 8,000 People • 29th Busiest Airport In North America • Named Top 3 Airport In The Country In 2016
PORT TAMPA BAY 24 Miles | 30 Minute Drive
• Largest Port in Florida • 37M Tons of Cargo Annually • Employs Over 85,000 People • The ports “Vision 2030” plan includes a $1.4 billion proj- ect to dredge deeper channels, building new warehouse and expand on current ones.
Wesley Chapel 11 TOWNHOME SITE Wesley Chapel TOWNHOME SITE
INVESTMENT SALES DEBT, EQUITY, & FINANCE
JEANNETTE JASON ROBERT KAPLAN DIRECTOR EXECUTIVE MANAGING DIRECTOR +1 813 254 4900 +1 305 533 2860 [email protected] [email protected]
BRAD CAPAS CHRIS LENTZ EXECUTIVE DIRECTOR SENIOR DIRECTOR +1 954 328 7791 +1 305 533 2865 [email protected] [email protected]
CHRISTINE MAGUIRE-KING ASSOCIATE +1 813 424 3206 [email protected]
RICKY GILES FINANCIAL ANALYST +1 954 938 2612 [email protected]
Cushman & Wakefield One Tampa Center, Suite 3300 WESLEY CHAPEL TOWNHOME SITE | OFFERING MEMORANDUM Tampa, FL 33602