VIEW PROPERTY VIDEO! OFFERING MEMORANDUM MORENO VALLEY DEVELOPMENT Northeast Corner of Cottonwood Ave & Elsworth St. ±26.13 acres R10 Zoning Moreno Valley, CA 92555 Buildable Up to 261-Units Exclusively Listed By: Han Widjaja Chen, CCIM Leo Shaw President Vice President Dir 626.594.4900 | Fax 626.316.7551 Dir 626.716.6968 [email protected] [email protected] Broker License No. 01749321 Broker License No. 01879962 NORTHEAST CORNER OF COTTONWOOD AVE & ELSWORTH ST TablePage ofSubtitle Contents Exclusively Presented By: SECTION 01. EXECUTIVE SUMMARY Property Overview Han Widjaja Chen, CCIM Leo Shaw President Current Growth In Moreno Valley Vice President Dir 626.594.4900 | Fax 626.316.7551 Dir 626.716.6968 Residential Planned Development [email protected] [email protected] Sales Comparables Broker License No. 01749321 Broker License No. 01879962 Regional Map Local Map Justin McCardle Marc Schwartz Parcel Map Senior Associate Broker Associate Area Pictures Dir 909.486.2069 Dir 626.461.9060 [email protected] [email protected] License No. 01895720 SECTION 02. MARKET OVERVIEW License No. 01515007 City of Moreno Valley Matthew Guerra Jeanelle Mountford County Overview Broker Associate Broker Associate Demographic & Income Profile Dir 626.898.9740 Dir 626.898.9710 [email protected] [email protected] License No. 01515007 Sandy Cheng Marketing Dir 626.594.4901 [email protected] DISCLAIMER AND CONFIDENTIALITY AGREEMENT: This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of NEC Cottonwood Ave and Elsworth St, Moreno Valley 92555 (“Property”). This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information that prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner and Growth Investment Group. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made avail- able to interested and qualified prospective purchasers. Neither the Owner nor Growth Investment Group, nor any of their respective directors, officers, affiliates, or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time, with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Growth Investment Group. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Growth Investment Group. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Growth Investment Group. HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 2 LEO SHAW 626.716.6968 [email protected] 01. Property Summary NORTHEAST CORNER OF COTTONWOOD AVE & ELSWORTH ST Property Overview PROPERTY SUMMARY Subject Property: NEC Cottonwood Avenue and Elsworth Street Moreno Valley, CA 92555 Land Area: 26.13 acres/1,138,222 sqft.* Assessor’s parcel number: 291-120-014 Maximum Density (per Zoning): 261 Units* Included with the Sale: Tentative Tract Map approval for 194 Units* Zoning: R-10 Buildable Density: Min: 8 du/ac; Max: 10 du/ac INVESTMENT SUMMARY Price: $6,800,000 Price per Square Foot: $5.97 Price per Acre: $260,237 Price per Buildable Unit: $35,051 *buyer to verify actual land area and buildable units HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 4 LEO SHAW 626.716.6968 [email protected] NORTHEAST CORNER OF COTTONWOOD AVE & ELSWORTH ST Executive Summary Highlights • Large lot size with an approved tentative tract map in an infill location • R10 Zoning which allows maximum density of 261-units • Rare infill location with enough buildable units in a quickly maturing area • Ease of access to neighboring freeways- close proximity to the 60 Freeway on/off ramps with more than 106,000 cars per day • Ideally located surrounding residential neighborhoods • Within close proximity to Moreno Valley Mall, a 1,090,000 square foot multi-level mall with over 130 stores including Macy’s, JCPenney, Sears, Harkins Theatres, Crunch Fitness, and the Inland Empire’s only Round 1 Entertainment • Less than 2 miles away from the Moreno Valley Mall and TownGate area, Moreno Valley’s retail hub with major retailers including, JC Penney, Sears, Gottschalks, Burlington Coat Factory, TJ Maxx/HomeGoods, Ross Dress for Less, ULTA, BevMo!, Starbucks, Chase Bank, Wells Fargo, and many more national and regional credit tenants Strong Inland Empire Demographics • More than 15,900 people in a 1-mile radius with an Average Household Income exceeding $48,300 • More than 126,600 people in a 3-mile radius with an Average Household Income exceeding $55,300 • More than 249,100 people in a 5-mile radius with an Average Household Income exceeding $68,900 • Over 5,600 employees within a 1-mile radius, 28,000 within a 3-mile radius, and 47,000 within a 5-mile radius HAN WIDJAJA CHEN 626.594.4900 [email protected] PAGE 5 LEO SHAW 626.716.6968 [email protected] NORTHEAST CORNER OF COTTONWOOD AVE & ELSWORTH ST Executive Summary The Growth Investment Group is proud to offer Scottish Village, an Plan Type J 1130 SF 6 Units ±26.13 acres residential infill development site in the City of Moreno Plan Type K 968 SF 6 Units Valley, California. The lot is located at the northeast corner of Cot- Plan Type L 966 SF 6 Units tonwood Ave and Elsworth Street. The lot has R10 zoning which al- TOTAL 30 Units lows up to 261-units maximum density. It has an approved tentative tract map for 194 residential units. The lot is a U shaped lot in an infill GRAND TOTAL 194 Units location surrounded by mature single family residential communi- ties. LOCATION AMENITIES & ACCESS It is abutted located across the street from Towngate Elementary Moreno Valley’s coming of age can also be seen in the growth of School and across the street from a small park with view of moun- the area around the Moreno Valley Mall (former Riverside Raceway tains on its north side. It enjoys easy access to FWY 60 and FWY 215 property from 1957 to 1989) and nearby Day Street, which straddles and just minutes away from Moreno Valley Mall and Towngate the border between Moreno Valley and Riverside. Local shoppers Shopping Center. It offers easy access to public transportation and enjoy the 1.2 million square foot Moreno Valley Mall, anchored by just minutes from all amenities city of Moreno Valley has to offer. JCPenney, Macy’s and Sears. The area has seen massive construc- tion in recent years, attracting nationally recognized retailers such The sale includes an approved tentative tract map to build 194 resi- as Best Buy, Costco, Lowe’s, Ross Dress for Less, Starbucks and other dential unit with below breakdown: upscale stores. Two major shopping centers with a combined one million square feet have also been developed in the rapidly grow- Proposed Use Planned Multi-Family Residential Development ing eastern area of the city. This is the site of the first Super Target in Detached Condo Plan Type A 1880 SF 18 Units California, which opened in July 2007, a Walmart and a Sam’s Club. Plan Type B 1830 SF 13 Units Plan Type C 2068 SF 33 Units Moreno Valley, California, is a city of scenic beauty among boulder- Plan Type D 1994 SF 44 Units strewn hillsides located just east of Riverside at the crossroads of TOTAL 108 Units Moreno Valley Freeway (State Route 60) and Interstate 215. With only half of its 50 square miles built, Moreno Valley is enjoying ex- Attached Condo Plan Type E 1439 SF 28 Units plosive growth in commercial, residential and industrial sectors. Our Plan Type F 1909 SF 14 Units population currently exceeds 146,000 plus more than 4,000 single- Plan Type F1 1925 SF 14 Units family homes are currently under construction.