for sale - loopnet...property zone encanto community plan – neighborhood mixed use-low (15-29...
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For SaleValencia Park | Vacant land opportunitySan Diego | CA
The Offering JLL has been retained as the Exclusive Agent for Seller to extend qualified principals the opportunity to acquire a fee simple interest in 101 50th Street (the “Property”). The site consists of a single vacant land parcel totaling 5,097 SF (0.117 acres) and is located one block west of the intersection of Euclid and Imperial Avenue across the street from the recently completed Ouchi Courtyard Apartment development. The Property is well located along Imperial Avenue in San Diego’s Lincoln Park neighborhood and offers developers the opportunity to acquire and develop a transit-oriented residential or commercial project.
Investment HighlightsUnrivaled Location: The Property is ideally situated on the intersection of Imperial Avenue and 50th Street with multiple transit services within immediate proximity. Imperial Avenue is a major commute corridor which boasts a daily traffic count of over 31,000 along with access to a host of retail, residential and commercial amenities.
Prime Development Opportunity: The site is an excellent infill development opportunity for a multitude of potential uses including commercial and residential and offers a maximum density of 15-29 du/acre.
Unparalleled Access: The Property provides direct access to Bus Route 4, the MTS Orange Line Euclid Trolley/transit intermodal station serving 8 major bus routes, State Route 94 and Interstate 805, providing immediate access to Downtown to the west, El Cajon to the east, Mission Valley to the north and Chula Vista and the U.S./Mexico border to the south.
B
101 50th Street
CoronadoPoint Loma
Ocean Beach
Downtown
San Diego International Airport
Liberty Station
Balboa Park & San Diego Zoo
Valencia Business Park
South Park
North Park
Mt. Hope
Lincoln Park
Barrio Logan
Property OverviewAddress 101 50th Street
APN & Lot Size 548-150-07
Property Size 5,097 SF (0.117 acres)
Submarket Central Imperial
Property Zone Encanto Community Plan – Neighborhood Mixed Use-Low (15-29 du/ac)
CN-1-3Current Use Community Garden
Miles0 0.04 0.09 0.13 0.18
101 50th StreetTrolley Line
Bus Lines
Euclid Ave Station
Offering TimelineThe ownership has set the following targets in order to effect a sale by the end of July 2018.
Sach Kirpalani +1 858 410 6392 [email protected] RE License #01799500
Bob Prendergast +1 858 410 1217 [email protected] RE License #00883530
Lynn LaChapelle +1 858 410 1216 [email protected] RE License #00898286
John Morrison+1 858 410 6381 [email protected] RE License #01927289
DISCLAIMERMaterials contained in the Investment Offering are confidential, furnished solely for the purpose of considering the purchase of the Valencia Park located in San Diego, California (the “Property”); described herein and are not to be used for any other purpose or to be made available to any other person without the express written consent of JLL and the Owner. The material is based, in part, upon information supplied by Owner and, in part, upon information obtained by JLL from sources they deem to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather are outlines of some of the principal provisions contained therein. No warranty or representation, expressed or implied, is made by Owner, JLL or any of their related entities as to the accuracy or completeness of the information contained herein. Prospective investors should make their own investigations, projections and conclusions. It is expected that investors will conduct their own independent due diligence concerning the Property, including such engineering and environmental inspections as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous materials used in the construction or maintenance of the Property. No representations, expressed or implied, are made as to the foregoing matters by Owner, JLL or any of their officers, employees, affiliates, and/or agent. Information contained in this Investment Offering is further governed by the Confidentiality Agreement.
Jones Lang LaSalle Americas, Inc. License #19262, CA License # 012234138910 University Center Lane, Ste. 100, San Diego, CA 92122Copyright © Jones Lang LaSalle IP, Inc. 2018
March April May June July
Best & FinalMarch 21, 2018
Purchase & Sale AgreementLate March 2018
Close of EscrowEnd of July 2018
City Approvals May - June 2018
Due Diligence PeriodApril 2018
Call for OffersMarch 14, 2018