SEC Highways 41 & 145

Transcription

1 FOR SALE ±1,221 ACRES OF LAND SEC Highways 41 & 145 MADERA COUNTY, CALIFORNIA Asking Price: $23,216,000 BOBBY FENA, SIOR License No JACK MESSINA License No SHANE RICHARDSON License No

2 THE OPPORTUNITY Located on the south of the southeast corner of Highways 41 and 145, Madera County, California in the rapid growth path of Madera County. Approximately 1,221 acres of land available located in the Rio Mesa District, directly north of Tesoro Viejo, a 1,600 acre planned community. Property is in close proximity to a signalized intersection at Highways 41 and 145, with access to Highway 99 via Highway 145.

3 FOR SALE PROPERTY SUMMARY Located near the southeast corner of State Highways 41 and 145 in Madera County, California (Approximately 6 miles north of Fresno and 13 miles east of Madera). > > Size: ±1,221 acres of undeveloped land > > APN s: (± acres) (± acres) (± acres)* (± acres)* *Parcels to be combined under one new APN > > Price: $23,216,000 > > Zoning: Property is situated within the Rio Mesa General Plan Study Area & Sphere of Influence. According to the Madera County Planning Department, this land has not yet been given any land use designation yet, other than Agricultural Land in the Madera County General Plan. Property was officially removed from the Williamson Act in > > Entitlement Process: Madera County would like to see this property master planned for General Business Park uses such as office, light industrial and retail commercial uses. Single family residential, multi-family residential and mixed-use development is highly encouraged as well. County Officials estimated that the processing time for obtaining the necessary entitlements is approximately months. An Environmental Impact Report (EIR) will be required as well. > > Utilities & Water: Most of the developed and undeveloped properties obtain water from the Madera Irrigation District Canal (runs east to west) which is south of the subject property. Seller owns the approximate 556 acres (2 large parcels) immediately north of the subject property. There currently are no water easements across these 4 parcels from the MID Canal, however, the easement agreements have been prepared by Seller s attorney but not yet recorded. These will be recorded before a sale of these parcels is completed. The allocation, distribution, quantity and quality of water on the Sale property are to be determined and evaluated by Buyer. Another option is to investigate joining a new water district (Root Creek Water District) formed by Castle & Cooke, a large developer who formerly owned 2,225 acres nearby for development of a major residential community which is now under way, called Riverstone. > > Leaseback: Seller shall retain the right to leaseback the acreage for cattle grazing purposes until entitlements are obtained from the County of Madera to develop the property. Seller s attorney has prepared a license agreement for this purpose.

4 Proposed Commercial Development Millerton Lake 145 SUBJECT PROPERTY San Joaquin River Sumner Hill Bonnadelle 41

5 FOR SALE ±1,221 ACRES 145 SUBJECT PROPERTY Part of North Shore at Millerton Lake PLANNED COMMUNITIES NORTH OF FRESNO Fresno County Millerton Newtown: 3,500 Units ±2,000 acres Friant Ranch: 2,500 Units ±920 acres 6,000 Units ±2,920 acres Madera County Tesoro Viejo: 5,190 Units Gateway Village: 6,578 Units Rio Mesa: Developing North Shore: 1,400 Units 13,168 Units Millerton Newtown Friant Ranch ±1,600 acres ±6,573 acres ±2,103 acres ±10,281 acres Rio Mesa Area Plan which includes the Tesoro Viejo Development In addition to the housing units planned above, combined, these communities will include several million square feet of retail, office, light industrial and commercial development. Part of Gateway Village 41

6 10 Miles 5 Miles Rio Mesa Area Plan Subject Property Madera San Joaquin River Millerton Lake As one of the fastest growing regions in California, Madera County has carefully planned for future growth. Community leaders wanted to preserve the area s natural resources and scenic beauty while allowing for population growth migrating north from the cities of Fresno (California s fifth largest city) and Clovis at the border of Madera County. They did so by creating and approving the Rio Mesa Plan. WHY IS THIS IMPORTANT? The Rio Mesa Area Plan is the largest designated future growth area in the San Joaquin Valley, with the subject property at the north end of it. Fresno RIO MESA AREA PLAN To plan for future growth migrating north from the Fresno Metro area, Madera County leaders recognized the potential for large scale development in the southeastern portion of the County. This assessment was based on a number of factors, including an increase in development interest from private land owners, Valley Children s Hospital and Community Medical Centers who purchased 200+ acres at the northeast corner of Highway 41 and Avenue 12 for a future Hospital and Medical Campus in Madera County. The combination of these factors led the County to concentrate on this portion of Madera County for future urbanization. The result was the creation and future implementation of the Rio Mesa Area master plan. The master plan was designed as a new Area Plan within the Madera County General Plan. It provides a framework to help guide detailed plans for specific subareas and landholdings, such as Tesoro Viejo. The result of the planning process was to create one of the largest designated growth areas in the Central San Joaquin Valley. The 15,000 acre area is bounded by State Route 41 to the west, the San Joaquin River and Fresno County to the east, Road 145 and the Millerton Lake State Recreation Area to the north and northeast, and the San Joaquin River to the south. To put it into perspective according to Eric Fleming-Madera County Administrative Officer, At build-out the Rio Mesa area is going to be around the same size as the City of Clovis (which currently stands at over 100,000+ residents). FOR SALE ±1,221 ACRES

7 FOR SALE ±1,221 ACRES YOSEMITE 15 MINUTES 60 MINUTES DOWNTOWN FRESNO 20 MINUTES MILLERTON LAKE SUBJECT PROPERTY 10 MINUTES MAJOR RETAIL CENTERS POPULAR DESTINATIONS COMMUNITY MAP

8 FOR SALE ±1,221 ACRES OF LAND SEC Highway 41 & 145 MADERA COUNTY, CALIFORNIA BOBBY FENA, SIOR License No JACK MESSINA License No SHANE RICHARDSON License No COLLIERS INTERNATIONAL 7485 N. Palm Avenue, Suite 110 Fresno, CA This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.