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Property Highlights

Property Type: Commercial Development Opportunity Size: 28.06 Acres Parcel Number: 290-050-030 Zoning: Scenic Highway Commercial (C-P-S) Topography: Flat/Slight Slope County: Riverside County Sub Market: South Corona Temescal Valley  

PROPERTY SUMMARY

• +/- 1,600 linear footage along Interstate 15 Freeway
• Eight and a Half Miles South of the 91/15 Freeway Interchange
• Household income Over $100K
• Traffic Count - I-15 +/- 160k per day
• Numerous Uses Are Permitted
• Immediate Freeway Access Via Temescal Canyon Road on/off ramp

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Demographics

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2017 Summary	1 Mile	3 Miles	5 Miles
Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Median Household Income Average Household Income	3,551 1,400 1,071 2.54 1,220 180 47.9 $76,095 $91,416	17,827 5,709 4,560 3.12 4,848 861 38.3 $101,753 $123,912	35,733 10,973 9,127 3.26 9,329 1,643 36.9 $102,958 $126,275

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2022 Summary	1 Mile	3 Miles	5 Miles
Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Median Household Income Average Household Income	3,694 1,455 1,112 2.54 1,264 191 48.0 $79,588 $102,454	19,630 6,222 4,968 3.15 5,258 964 38.3 $112,850 $143,296	38,539 11,764 9,768 3.28 9,953 1,811 37.1 $113,837 $146,027

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[text_output]The Squaw Mountain site is ideal for many development visions. Our assumptions are based on an Underserved Growing Senior Living Population." Vons and Traders Joes are located approximately 3 miles north and south of the subject, leaving an under-served market 7.5 miles to closest dialysis clinic, 6 miles to closest pharmacy, 7 miles to closest US Post office, C-P-S Scenic Highway Commercial Specific wholesale and retail commercial. No setbacks required for permitted commercial uses under 35 feet in height. Any portion of a building which exceeds 35 feet in height shall be set back from the front, rear, and side lot lines not less than 2 feet, for each foot by which the height exceeds 35 feet. Max structural height is between 50 - 75 feet. Recommended Retail Strategic Positioning— Neighborhood Shopping Center. A grocery anchored center with a tenant that offers both grocery and drugs is recommended. Acreage should allow for standalone parcels that cater to NNN banking, nutrition center, and tenants that will pay a premium of the scenic views. In-line tenancy will focus on experiential retail include: Optometrist Dentist Office, Pharmacy VA Clinic, Medicare/Medicaid office, Financial advisory institutions, Dry cleanings, Hardware, Mail and Locksmith.[/text_output]

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Estimated Costs
Purchase Price Improvements Interest Reserve Closing Costs Total Costs Development Retail (SF) Hard and Soft Costs ($/SF) Total Improvements	$ 14,000,000 $ 26,000,000 $ 600,000 $ 600,000 $ 41,200,000 200,000 $ 130 $ 26,000,000

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Estimated Rents
Anchor SF Inline SF Anchor Rent/SF (NNN) Inline Rent/SF (NNN) Total Rent	80,000 120,000 $ 10 $ 25 $ 3,800,000

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Estimated Cash Flows		$/SF
Gross Potential Rent Vacancy Effective Gross rent Operating Expenses Net Operating Income	$ 3,800,000 (190,000) $ 3,610,000 $ (361,000) $ 3,249,000	19 -1 18 -2 16

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Estimated Returns		$/SF
Stabilized Cap Rate Stabilized Valuation Net Unievered Profit Unlevered Return on Capital	6% $54,150,000 $12,950,000 31%	271 65

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