POSSIBLE 2,000+ UNIT RESIDENTIAL / MULTI-USE ENTITLEMENT OPPORTUNITY 128 ACRES

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1 An Opportunity to Design a New Village Specific Plan Allows Various Uses & Densities Ocean and Downtown Views Offers Due Friday August 21, 2015 W UNITED STATES/MEXICO BORDER San Ysidro Middle School Las Americas Premium Outlet Centre SUBJECT PROPERTY No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice.

2 TABLE OF CONTENTS I. OPPORTUNITY TO ACQUIRE 128 ACRES - ALL OR PART II. PROPERTY PROFILE Property Information Aerials and Topographic Aerial Proposed Site Accessibility Property Photos Plat Maps III. COMMUNITY AND CITY OF SAN DIEGO PLANNING UPDATES IV. COMPARABLE HOME SALES V. DUE DILIGENCE LINKS VI. PROJECT REFERENCES 2

3 I. OPPORTUNITY TO ACQUIRE 128 ACRES - ALL OR PART 3

4 Opportunity to acquire approximately 128 acres - All or part Lee & Associates is pleased to offer approximately 128 acres of unimproved land for sale in the Community of San Ysidro near I-5, 805 and I-905 and within one quarter of a mile from the San Ysidro port of entry at the US/Mexico International Border. San Ysidro is a community of the City of San Diego with Otay Mesa West to the north and east, Tijuana River Valley to the West, and the U.S./Mexican Border to the south. It is estimated there are more than 300,000 persons crossing the San Ysidro port of entry daily and over 100 million persons annually, making it the busiest land border crossing in the world. The expansion of the San Ysidro Port of Entry, a $735,000,000 project currently underway, is expected to ease border wait lines and bring more jobs and economic growth into California. The San Diego Association of Governments forecast an 87 percent increase in vehicle traffic through San Ysidro by Click HERE to view article. San Ysidro is home to approximately 30,000 residents and continues to grow at a relatively strong pace. With strong employment sectors in Retail, Finance, Wholesaling, and Transportation/Warehousing, San Ysidro looks to capitalize on the heavy traffic flow from the International Border. In addition, San Ysidro is home to San Diego s largest outlet mall, Las Americas Premium Outlets, with over 125 stores just north of the border crossing. The subject properties border the Metropolitan Transit System, MTS, and overlook the Communities of San Ysidro, City of Tijuana, and parts of downtown City of San Diego. Elevated above the surrounding areas, the site retains expansive views encompassing city skylines and the Pacific Ocean. With extensive views, flexible zoning and density, as well as a high demand for new housing in the area, this site provides a major opportunity for builders and developers to capitalize on one of the last large tracts of developable land in South San Diego County. 4

5 II. PROPERTY PROFILE 5

6 PROPERTY INFORMATION Location: Thomas Bros: Page 1350, H4 APN # s: thru Acreage: The property is located east of the railroad/trolley tracks, north and east of the intersection of San Ysidro Blvd. and East Beyer Blvd. in the Community of San Ysidro. The subject property faces west and is unimproved. The site is within minutes of I-805, I-5 and I- 905 and all city amenities. Approximately 128 Acres Land Use: Topography: School District: Site Access: Utilities: Specific Plan City of Villages: The San Ysidro Community plan is currently being updated and the land use for the property is described as a village-like development with higher residential intensities, commercial retail, additional transit connections, parks and open space. Flat/Rolling/Steep Sloping San Ysidro School District & Sweetwater Union High School District The owners have secured a 60 right of way to cross the MTS right of way at the location of the owners choosing. Additional access will be considered during the Specific Planning process. Utilities are available, however, it is presumed that the existing water and sewer lines will need to be enlarged and upgraded. Services: Water/Sewer City of San Diego Electricity/Gas SDG&E Fire San Diego Fire Department Police San Diego Police Department No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 6

7 AERIALS AND TOPOGRAPHIC AERIAL Las Americas Premium Outlet Centre UNITED STATES/MEXICO BORDER SW SUBJECT PROPERTY San Ysidro Middle School 7

8 UNITED STATES/MEXICO BORDER AERIALS AND TOPOGRAPHIC AERIAL SUBJECT PROPERTY E 8

9 I-5 SB RA THIS MAP/DATA IS PROVIDED WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Note: This product may contain information from the SANDAG Regional Information System which cannot be reproduced without the written permission of SANDAG. This product may contain information reproduced with permission granted by RAND MCNALLY & COMPANY to SanGIS. This map is copyrighted by RAND MCNALLY & COMPANY. It is unlawful to copy or reproduce all or any part thereof, whether for personal use or resale, without the prior, written permission of RAND MCNALLY & COMPANY. Copyright SanGIS All Rights Reserved. Full text of this legal notice can be found at: AERIALS AND TOPOGRAPHIC AERIAL EAST OLIVE DR HALL AV WILLOW RD WILLOW RD I-805 SB OFF RA I-805 SB ON RA I-805 NB 50 I-805 SB I-805 NB ON RA I-805 SB OFF RA HILL (SB) ST I-805 NB OFF RA CENTER ST BOLTON HALL RD E SAN YSIDRO BL VIRGINIA (SB) AV EAST BEYER EAST BEYER BL San Ysidro 146 Legend Subject Parcels Parcels Topo 40' Freeway Highways Major Roads Roads I-5 NB BORDER VILLAGE RD I-5 SB I-805 NB ON RA FRONT (SB) ST I-5 SB OFF RA Feet 1 inch = 300 feet 400 Vicinity Map CAM DE LA PLAZA I-5 SB ON RA I-5 NB RA RAIL CT ± I-5 SB ON RA TIA JUANA ST LOUISIANA AV ALLEY VIRGINIA (SB) AV ENCINITA ST CAMIONES WY PRIVATE RD I-5 NB ON RA Map made exclusively for our client by the San Diego Geographic Information Source 5510 Overland Ave., Suite 230 San Diego, CA (858) For reprints, mapping or additional information please contact SanGIS. Plot Date: 06/12/15 9

10 Proposed Site Accessibility AERIALS AND TOPOGRAPHIC AERIAL Acres thru Acres ±48 Acres Acres ±43 Acres U.S. MEXICO INTERNATIONAL BORDER 10

11 PROPOSED SITE ACCESSIBILITY 1: Connection to Border Crossing San Ysidro Blvd. and Camino De La Plaza Intersection 2: San Ysidro Blvd. Connection At Bolton Hall Rd. and East Beyer Blvd. Intersection 3: Proposed Linkage to the Historic Center Hill St. Bridge Extension to I-805 New Trolley Stop 4: Otay Connection Beyer St. Extension 11

12 PROPERTY PHOTOS 12

13 PLAT MAPS 13

14 PLAT MAPS 14

15 PLAT MAPS 15

16 III. COMMUNITY AND CITY OF SAN DIEGO PLANNING UPDATES 16

17 COMMUNITY AND CITY OF SAN DIEGO PLANNING UPDATES The San Ysidro Community plan is currently being updated, the property is within what is described as the Hillsides Specific Plan. The draft Plan Update currently reads in part as follows (page 2-20): The Hillsides area should be considered for village-like development with higher residential intensities, commercial retail, additional transit connections, parks and open space. The Hillsides should implement the General Plan s City of Villages strategy, while interacting with San Ysidro s unique natural resources and topography. The Planning Group desires a flexible plan for its hillsides with density bonuses for residential development and ancillary uses. The subject properties, are located in an area known as the Beyer Hills Neighborhood and will be designated a specific planning area. This area will be considered for village-like development with higher residential densities. A specific plan will be considered an amendment to the Community Plan and must adhere to the City s process for plan amendments and any associated re-zoning. This summer will begin the Mobility study and the environmental process and outreach for the Impact Fee Study will commence this fall. The plan is expected to be completed by May Now is an appropriate and advantageous time to submit a specific plan which could be incorporated into the Community Plan update saving both time and money. For more information, please click the link below to see the San Ysidro Community Plan and Local Coastal Program Land Use Plan, draft April 2015, Section 2. The Community wants and expects a 27% population increase within the next few years. The subject properties are the natural locations for high density residential development. The committee has stated these properties are outside coastal commission jurisdiction. The property has garnered significant development interest in the past. However until now, with the draft Community Plan Update nearing completion (with the backing of the Community), this is the first time there has been the real prospect of a land use allowing sufficient densities/ intensities to warrant further analysis addressing geologic and resource conservation challenges. San Ysidro San Ysidro San Ysidro COMMUNITY PLAN AND LOCAL COASTAL PROGRAM LAND USE PLAN COMMUNITY PLAN AND LOCAL COASTAL PROGRAM LAND USE PLAN DRAFT April 2015 COMMUNITY PLAN AND LOCAL COASTAL PROGRAM LAND USE PLAN DRAFT April 2015 DRAFT April 2015 CLICK HERE TO VIEW FULL LAND USE PLAN 17

18 IV. COMPARABLE HOME SALES 18

19 As of 2nd Quarter 2015 COMPARABLE HOME SALES Project Builder City Masterplan Palermo at Lake Pointe Siena at Lake Pointe Tosara Avalon Aviare Esperanza at Vista Del Maravilla at Vista Del Sur Lennar Lennar Pacific Coast Communities Sunrise Company Sunrise Company Cornerstone Communities Cornerstone Communities Chula Vista Chula Vista Chula Vista Chula Vista Chula Vista San Diego San Diego Seaview Terrace Pardee Homes San Diego Otay Ranch Otay Ranch Otay Ranch Vista Del Sur Vista Del Sur Ocean View Hills Open Date Type Min Unit SF Max Unit SF Min. Price Max. Price Units Planned Units Sold Units Remaining 2/21/2015 Attached $299,990 $384, /21/2015 Attached $344,990 $364, /23/2014 Attached $359,900 $415, /1/2011 Attached $319,900 $388, /26/2014 Attached $293,900 $382, /25/2015 Attached $310,000 $351, /25/2015 Attached $295,000 $315, /6/2014 Attached $355,000 $369, AVERAGE $322,335 $371,585 AVG Sales Rate/ Month 19

20 V. DUE DILIGENCE LINKS 20

21 Please Click on links below to view Due Diligence Documents: DUE DILIGENCE LINKS Preliminary Title Report - Pipetone Family Partnership dated June 26, 2015 Preliminary Title Report - San Ysidro Hills I dated June 29, 2015 Preliminary Title Report - San Ysidro 96, LLC dated June 30, 2015 *Geologic Reconnaissance Pipitone Property dated September 5, 2003 *Helix Environmental Planning, Inc., Biological Reconnaissance Report dated August 20, 2003 * The above reports include approximately 50 acres of the Subject Properties. 21

22 VI. PROJECT REFERENCES 22

23 Jeff Brazel, Project Consultant, PROJECT REFERENCES Sara Osborn, Senior Planner, City of San Diego,

24 Please Contact Us: Patrick Miller, CCIM License ID# Matt Weaver License ID# Al Apuzzo License ID# Taylor Cook License ID#