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48 UNIT MIXED USE DEVELOPMENT OPPORTUNITY Lake Mead Parkway, E

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48 UNIT MIXED USE DEVELOPMENT OPPORTUNITY Lake Mead Parkway, E Tuscany Village 2,100 Projected Homes Lake Las Vegas: 7.6mi New Master Planned Community 13,250 Projected Homes Heritage at Cadence E Warm Springs Rd 950 Projected Homes S Boulder Hwy E Lake Mead Pkwy Center St SUBJECTS Taylor Plaza Victory Village Plaza 48 UNIT MIXED USE DEVELOPMENT OPPORTUNITY Lake Mead Parkway, E. of Boulder Highway CommercialSun Real Estate, Inc. ±2.75 Acres | For Sale or Joint Venture CONTACT TEAM Coast Center Pads Jennifer Lehr Jessica Cegavske Paul Miachika Senior Associate Vice President Executive Vice President 702-968-7329 702-968-7321 602-814-0661 [email protected] [email protected] [email protected] Cathy Jones, CPA, SIOR, CCIM Roy Fritz Taylor Vasquez CEO Senior Vice President Associate 702-968-7320 702-968-7322 702-968-7316 [email protected] [email protected] [email protected] Exclusively listed by: Sun Commercial Real Estate, Inc.: 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 702 | 968 | 7300 Ph 702 | 968 | 7301 Fax www.SunCommercialRE.com 2 CONFIDENTIALITY & DISCLOSURE Coast Center Pads SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Cathy Jones, CPA, SIOR, CCIM CEO [email protected] 3 TABLE OF CONTENTS Coast Center Pads Property Overview Section 1 Property Summary Site Plan Redevelopment Information Surrounding Aerial Map - Facing West Surrounding Aerial Map - Facing North Surrounding Retailers Location Overview Section 2 Las Vegas Valley Location Map Assessor Parcel Map Market Overview Section 3 Cadence Overview Tuscany & Heritage Overview Lake Las Vegas Overview Las Vegas Valley Overview Area Demographics 4 PROPERTY SUMMARY Coast Center Pads Development Opportunity: This 3 parcel development opportunity consists of a total of 2.75 acres that has recently received preliminary approval from the City of Henderson to develop 40 2/3 bedroom residential units of approximately 1,400 SF each plus 8 retail units totaling 9,200 SF. The site has all utilities to the property lines, are graded and all off-site improvements are complete, subject to confirmation by a prospective Buyer. The current owners are open to an outright sale of the pads or are open to a joint venture with a qualified developer. Property Location: The Property is located at the northeast corner of Lake Mead Parkway and Burkholder Boulevard, in the City of Henderson, State of Nevada. The site is just northeast of Boulder Highway and offers easy access to both U.S. 95 and the 215 Beltway. The site is directly south of Cadence, a new 13,250 residence master-planned community currently under construction. The entire community is 2,200 acres with 450 acres of open space featuring parks, walking trails and bike trails. Tuscany Village is a master planned golf course community located just east of the Cadence Master Planned Community and is expected to have more than 2,100 homes at completion with values of $300k and up. Ten minutes northeast lies Lake Las Vegas, a 3,592 acre development including residential offerings, two championship golf courses, three world class hotels, and 50 acres of hiking/biking trails. Lake Mead Parkway is the main thoroughfare between Lake Las Vegas and Henderson/Las Vegas, granting Coast Center high visibility to all Lake Las Vegas commuters. St Rose Dominican Hospital, a Dignity Health Member, is located about 0.5 miles from the property. Nevada State College, Basic High School, and Robert Taylor Elementary school are all within a few miles of the property. The site is also located one block east of the Victory Village Walmart anchored center. 2018 Existing Rooftops: Cadence - 1,200 homes Tuscany - 550 homes 2018 Proposed Rooftops: Cadence - 500 homes Tuscany - 200 homes Assessor Parcel Numbers: 179-08-412-005, 179-08-412-006, 179-08-412-007 Zoning: CN (Neighborhood Commercial) - Henderson Site Size - Acres: ±2.75 Site Size - SF: ±119,790 Frontage: Approx. 123’ along E. Lake Mead Parkway Approx. 323’ along Burkholder Boulevard List Price: $1,590,000 - Total for 3 Pads 0.86 Acre NW Pad; 0.96 Acre SW Pad; 0.93 Acre SE Pad Sale of individual pads. Ground Lease or Build to Suit - Negotiable. 5 SITE PLAN Coast Center Pads PROPOSED MIXED USE DEVELOPMENT PROPERTY LINE 63.15' PROPERTY LINE 44.97' PROPERTY LINE 150.84'' ±9,200 SF PROPERTY LINE 178.13' RETAIL PROPERTY LINE 123.05' LINE PROPERTY 8 PLEX 8 PLEX PROPERTY LINE 178.36' PROPERTY LINE 138.46' PROPERTY LINE 88.86' PROPERTY LINE 265.17' PROPERTY LINE 294.88' PROPERTY LINE 253.86' 8 PLEX PROPERTY LINE 217.50' PROPERTY LINE 227.52' PROPERTY LINE 175' 8 PLEX 8 PLEX PROPERTY LINE 146.55' PROPERTY LINE 176.27' SITE PLAN SCALE: 1"=20' PROPOSED MIXED USE DEVELOPMENT CONTRACTOR: M.O.CONSTRUCTION LLC NCL#:NCL#: TEL:TEL: DAIE: 06/21/18 71494 (702) 286-5700 DRAWING NAME: CONCEPTUAL SITE PLAN DRAWN BY: RVN TEL: (702) 245-8690 DRAWING NUM.: A0.1 6 PROPERTY SUMMARY Coast Center Pads REDEVELOPMENT INFORMATION The property is located within the Henderson Downtown Redevelopment District. Properties within the Downtown Redevelopment District may be eligible for two (2) business incentive programs. The programs available for development of the property are the Downtown Facade Improvement and the Tenant Improvement Grant. The Facade Improvement program may allow for signage improvement costs up to Two Thousand Dollars ($2,000). Whereas the Tenant Improvement Grant may allow for reimbursement of up to 50% of repairs, replacements, or upgrades at a rate of $25.00 per square foot, with a maximum amount of $50,000. Additional information can be found at http://www.cityofhenderson.com/redevelopment/incentive-programs-available. 7 SURROUNDING AERIAL MAP - FACING WEST Coast Center Pads Lake Mead Crossing Victory Village Plaza S Boulder Hwy Taylor Plaza E Lake Mead Pkwy SUBJECTS Carefree Senior Apartments Burkholder Blvd 8 SURROUNDING AERIAL MAP - FACING NORTH Coast Center Pads Tuscany Village 2,100 Projected Homes Lake Las Vegas: 7.6mi New Master Planned Community 13,250 Projected Homes Heritage at Cadence E Warm Springs Rd 950 Projected Homes S Boulder Hwy E Lake Mead Pkwy Center St SUBJECTS Taylor Plaza Victory Village Plaza 9 SURROUNDING RETAILERS Coast Center Pads 10 LAS VEGAS VALLEY LOCATION MAP Coast Center Pads 11 ASSESSOR PARCEL MAP Coast Center Pads This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK CO., NV. SEC. MAP BOOK T22S R63E 8 S 2 SW 4 179-08-4 Michele W. Shafe - Assessor NoThis liability map is is for assumed assessment for the use accuracy only and of does the NOTdata deliniatedrepresent aherein. survey. ASSESSOR'S PARCELS - CLARK CO., NV. 8 4 8 4 SEC. MAP BOOK T22S R63E6 8 5 4 3 2 1 S 2 SW 4 179-08-4 PARCEL BOUNDARY CONDOMINIUM UNIT 001 ROAD PARCEL NUMBER 158 Information on roads and other non-assessed parcels may be obtained Michele W. Shafe - Assessor 162 161 160159 5 1 5 1 fromNo liability the Road is assumed Document for theListing accuracy in the ofAssessor's the data deliniated Office. herein. SUB BOUNDARY AIR SPACE PCL 001 PARCEL NUMER 121110987 8 4 8 4 ROAD PARCEL NUMBER 6 5 4 3 2 1 PARCELPM/LD BOUNDARY BOUNDARY CONDOMINIUM UNIT 001 ACREAGE 158 18 17 16 15 1314 Information on roads and other non-assessed parcels may be obtained RIGHT OF WAY PCL 1.00 162 161 160159 5 16 25 16 2 SUBROAD BOUNDARY EASEMENT AIR SPACE PCL 001 PARCEL NUMER 181 121110987 from the Road Document Listing in the Assessor's Office.
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