Sand Canyon Plaza
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SAND CANYON PLAZA EXCLUSIVE OFFERING MEMORANDUM A MIXED USE MASTER PLANNED COMMUNITY | SANTA CLARITA, CA SAND CANYON PLAZA CANYON COUNTRY EXECUTIVE SUMMARY AREA INFORMATION Sand Canyon Plaza ........................... 4 City Demographics ............................. 22 Location Maps .................................... 5 Schools .............................................. 23 TABLE OF CONTENTS Amenities ........................................... 24 DEVELOPMENT OVERVIEW Transit Map ......................................... 25 The Master Plan ................................. 8 Site Development Plan ....................... 9 MARKET Development Highlights ...................... 10 Market Overview ................................. 27 Rendering ........................................... 11 Actively Selling Communities Map ...... 29 Single Family Detached Lots ............... 13 Pricing Graph ..................................... 30 Townhomes ........................................ 15 Actively Selling Communities Details ... 31 OFFERING GUIDELINES Offering Guidelines ............................. 35 Disclosures ......................................... 36 EXECUTIVE SUMMARY EXECUTIVE SUMMARY THE OPPORTUNITY Sand Canyon Plaza is a fully-approved master planned community located in the affluent Los Angeles submarket of Santa Clarita with a complementary mix of uses including garden apartments, townhomes, single family detached homes, assisted living and a grocery-anchored neighborhood retail center. With a grading permit ready to be pulled, the owner is offering the entire master plan for sale. This is an ideal opportunity for a land developer to act as a master developer and deliver planning areas to merchant builders, a larger homebuilder with in-house land development capabilities or a well-capitalized apartment developer who will develop the whole site and build an institutional-quality apartment community. The entitlements in place allow for some modifications. For example, the apartment planning area could be built as for-sale residential. Building townhomes at 20 DU/acre on 9.7 net acres, would increase the total for-sale unit count to approximately 463 homes. The single family detached planning area could also be segmented into two 50+ subdivisions to increase the sales rate. HIGHLIGHTS Sand Canyon Plaza offers a compelling development opportunity due to: • Fully entitled master planned community • Grading permit ready to be pulled and almost all of the Final Engineering is • Strong demand from high-quality buyers who want to buy individual planning complete areas • Property is being sold in bulk as-is • Minimal new and resale competition • Highly desirable area in suburban Los Angeles • Mix of complementary uses enhances resident lifestyle • Conveniently located to shopping, employment and other regional amenities Due diligence information is available to a buyer by clicking the following link: Sand Canyon Due Diligence SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 4 EXECUTIVE SUMMARY REGIONAL MAP SAND CANYON PLAZA SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 5 EXECUTIVE SUMMARY LOCAL MAP SAND CANYON PLAZA SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 6 DEVELOPMENT OVERVIEW DEVELOPMENT OVERVIEW THE MASTER PLAN 18 THE EXECUTIVE COLLECTION AT SAND CANYON PLAZA 150 TOWNHOMES 119 SINGLE FAMILY DETACHED LOTS 311 GARDEN-STYLE APARTMENTS Concept Illustration Bill Tosetti 60,000 SF GROCERY ANCHORED RETAIL CENTER UP TO 140-BED ASSISTED LIVING SITE SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 8 DEVELOPMENT OVERVIEW SITE DEVELOPMENT PLAN SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 9 DEVELOPMENT OVERVIEW DEVELOPMENT HIGHLIGHTS - THE MASTER PLAN LOCATION/ACCESS PROPERTY CONDITION Northeast corner of Sand Canyon Road and Soledad Canyon Road Unimproved and being sold in bulk as-is. Santa Clarita, Los Angeles, CA UTILITIES Easily accessed off the Sand Canyon exit from the 14 Freeway. Water: Santa Clarita Water District NET ACREAGE Electric: So Cal Edison ±37.8 Gas: So Cal Gas Company Sewer: Los Angeles County Sewer Maintenance Department APN Cable: Time Warner 2839-006-052; -058; -059; -060; -063; -064; -065; 2839-005-035 Telephone: AT&T ZONING TAX RATE MX-N (Mixed Use - Neighborhood) Tax rate is estimated to be 1.18862% plus $735/year for townhomes and $877/year for ENTITLEMENT SUMMARY the single family. Fully approved master planned community with certified EIR and TTM #053074 HOA Sand Canyon Land Use Summary To be formed by buyer. Planning Project Commercial Residential Acreage Area No. Use SQFT DU's SCHOOL DISTRICT 60,000-SF Sulphur Springs School District, William Hart Union High School District Commercial/ 85,000- SF of PA-1 Retail/Restaurant/ Assisted N/A 9.6 Mitchell Community Elementary School - GS: 6/10 Assisted Living Living (180 Beds) Sierra Vista Junior High School - GS: 7/10 PA-2 Multi-Family Attached N/A 312 12.2 Canyon High School - GS: 8/10 PA-3 Multi-Family Attached N/A 149 10.3 PA-4 Single Family Det Condos N/A 71 7.3 DUE DILIGENCE PA-5 Single Family Det Condos N/A 48 6.3 Due diligence information is available to a buyer by clicking the following link: Streets N/A N/A 6.3 Private Park/ Rec Center N/A N/A 2 Sand Canyon Due Diligence Drainage Basin N/A N/A 1 Open Space/ Landscape Areas N/A N/A 31.4 FEE CREDIT Right of Way Dedication N/A N/A 1.1 Total fee credit is roughly $10,900,000 including credits for Quimby Fees (applied to entire Total 145,000 SF 580 87.5 project), Impact Fees (applied to apartment site only) and Bridge & Thoroughfare Fees (applied to entire project). IMPROVEMENT COSTS Seller's estimate of hard costs is $28,398,048 including $2,000,000 for the project's contribution to SCVWD improvements but excluding contingency per bids provided by Rasmussen and Cobalt. Completion of the work gets the project to a superpad condition. SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 10 DEVELOPMENT OVERVIEW RENDERING SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 11 DEVELOPMENT OVERVIEW DEVELOPMENT HIGHLIGHTS - SINGLE FAMILY DETACHED LOTS SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 12 DEVELOPMENT OVERVIEW DEVELOPMENT HIGHLIGHTS - SINGLE FAMILY DETACHED LOTS LOCATION/ACCESS Santa Clarita, Los Angeles, CA Easily accessed off the Sand Canyon exit from the 14 Freeway. NET ACREAGE ±13.3 PRODUCT TYPE Single Family Detached Single Family‐ Mix Plan SQ Footage Total P1 1,900 22 P2 2,200 24 P3 2,500 25 P4 2,600 16 P5 2,750 16 P6 2,900 16 Total 119 ZONING MX-N (Mixed Use - Neighborhood) ENTITLEMENT SUMMARY Master planned community with master tentative tract map. Buyer has ability to use conceptual lot layout or customize as desired. PA 4 AVG LOT SIZE ±3,000 sf PA 5 AVG LOT SIZE ±3,500 sf DUE DILIGENCE Due diligence information is available to a buyer by clicking the following link: Sand Canyon Due Diligence SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 13 DEVELOPMENT OVERVIEW DEVELOPMENT HIGHLIGHTS - TOWNHOMES SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 14 DEVELOPMENT OVERVIEW DEVELOPMENT HIGHLIGHTS - TOWNHOMES LOCATION/ACCESS Santa Clarita, Los Angeles, CA Easily accessed off the Sand Canyon exit from the 14 freeway. NET ACREAGE ±7.6 PLANNING AREA 3A (CONDOS) 8 Building @ 15 units/bldg: 120 units PLANNING AREA 3B (CONDOS) 2 Building @ 15 units/bldg: 30 units Townhomes- Mix Plan SQ Footage BD/BA Each Mix Total P1 1,489 3/3 3 30 P2 1,694 3/2.5/Den 2 20 P3 1,696 3/2.5/Den 4 40 3/3.5/Optional P4 1,800 4 40 Den P5 2,080 4/3.5/Loft 2 20 Total 150 ZONING MX-N (Mixed Use - Neighborhood) 18 ENTITLEMENT SUMMARY THE EXECUTIVE COLLECTION AT SAND CANYON PLAZA Master planned community with master tentative tract map. Buyer has ability to use conceptual lot layout or customize as desired. DUE DILIGENCE Due diligence information is available to a buyer by clicking the following link: Sand Canyon Due Diligence SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 15 DEVELOPMENT OVERVIEW TOWNHOMES SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 16 DEVELOPMENT OVERVIEW TOWNHOMES SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 17 DEVELOPMENT OVERVIEW TOWNHOMES SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 18 DEVELOPMENT OVERVIEW TOWNHOMES SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 19 DEVELOPMENT OVERVIEW TOWNHOMES SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 20 AREA INFORMATION AREA INFORMATION CITY DEMOGRAPHICS POPULATION PARKS 213,231 34 RECREATION MEDIAN AGE 36.9 CENTERS 5 HOUSEHOLD INCOME SANTA SUSANA $90,544 MOUNTAIN RANGES PERSONS/HOME 80 MILES 3.06 OF BIKING TRAILS # OF HOUSEHOLDS 25 67,900 HIKING TRAILS # OF EMPLOYEES BURBANK 103,529 AIRPORT SAND CANYON PLAZA // Master Planned Community // Santa Clarita, California 22 AREA INFORMATION SCHOOLS • Mitchell Community Elementary | K-6 Great Schools: 7 16821 West Goodvale Street Canyon Country, CA 91387 • Sierra Vista Junior High | 7-8 Great Schools: 8 19425 West Stillmore Street Canyon Country, CA 91351 SAND CANYON PLAZA • Canyon • • High | 9-12 Great Schools: 9 19300 West Nadal Street Canyon Country, CA 91351 • Sulphur Springs School District, William Hart Union High School District SAND CANYON PLAZA // Master Planned Community