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I-80 Business & Technology Campus
Dixon, CA
OFFERING MEMORANDUM ±57.5 Acres Zoned for Office, Industrial and Commercial in N. California
kiddermathews.com
Skip WhitneyExecutive Vice President, Partner, China Services LIC#00454750
Max SanderAssociate LIC#01979663
Kevin SheehanManaging Partner LIC#00936093
Tyler BoydAssociate Vice President LIC#01927167
Exclusive Advisors
Land Purchase Opportunity
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Table of Contents
Table of Contents
1. Executive Summary
• The Opportunity
• The Offering
• Location & Aerial Map
• Regional Map
2. Property Overview
• I-80 Business & Technology Campus Overview
• Phasing Map
• Site Description & Proposed Development Plan
i. Phase 1
ii. Phase 2
3. Proposed Plan & Alternative Options
• Master-Planned I-80 Business & Technology Campus
• Single-User Option
4. Market Overviews
• Dixon Overview
• Vacaville Overview
• Davis Overview
• Sacramento Overview
• Biotech Market Overview
5. Southwest Dixon Plan Area
6. Transaction Guidelines
7. Project Timeline
I-80 BUSINESS & TECHNOLOGY CAMPUS
SOUTHWEST DIXON PLAN AREA
W. Dixon Avenue W. A Street E. A Street
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VACAVILLE: 5 MISAN FRANCISCO: 80 MI
DAVIS: 5 MISACRAMENTO: 20 MI
Max Sander 415.229.8901 [email protected]
Skip Whitney415.229.8899 [email protected]
Kevin Sheehan916.751.3601 [email protected]
Tyler Boyd916.751.3625 [email protected]
Contacts
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Executive Summary
The Opportunity
Kidder Mathews has been retained to exclusively market a rare opportunity to acquire the I-80 Business & Technology Campus, an approximately 57-acre development site located in Dixon, California along Interstate 80. Dixon is a bedroom community located minutes from Sacramento, Vacaville and Davis. It is a very pro-growth community. The I-80 Business & Technology Campus has been master-planned for 568,000 square feet of mixed-use office, retail, light industrial, flex, R&D, biotech, and medical space in a campus setting. This development would be one of the largest, most innovative and environmentally-sound business park developments in the Central Valley’s recent history.
An added benefit to the location is the residential component located immediately to the east of the property. This is a 400+ acre planned community which will offer executive and mid-level homes that are affordable with pricing 50-75% below comparable homes and apartments in the Bay Area. For more information, please see the Southwest Dixon Specific Plan Area in section 5.
Located in northern Solano County and along the Interstate 80 portion that stretches between the San Francisco Bay Area and Sacramento, the I-80 Business & Technology Campus offers many amenities and opportunities that other development sites are unable to match. The I-80 Business & Technology Campus will be comprised of the Dixon Commons, Enterprise Village, and the Dixon Marketplace, all with freeway frontage.
Interstate 80 is a main thoroughfare of the Unites States, stretching from San Francisco to New York City, and boasts an average of over 175,000 cars passing the I-80 Business & Technology Campus site every day.
The Vacaville/Dixon market has become an affordable and attractive alternative to the Bay Area and Sacramento area markets. It is very pro-growth. Located strategically between those two large metropolitan areas and with manageable commutes to each of those markets, Dixon features excellent and affordable housing opportunities as well as a vibrant retail shopping district. The I-80 Business & Technology Campus is the answer for companies throughout the Bay Area and Sacramento region that require a large tract of zoned land to purchase for their own office/R&D campus use or as an affordable office space leasing alternative with room to grow in one campus setting. Pent up demand and the limited alternatives in the Bay Area all point to Vacaville and Dixon as the next hot market for office, retail, R&D, industrial and housing developments. These reasons provide I-80 Business & Technology Campus with a unique opportunity—a chance to purchase 46.5-acres of zoned land for office, retail, and R&D development at pricing levels 50-75% below pricing in the Bay Area, along with an 11-acre Phase II residential community.
The Offering
The I-80 Business & Technology Campus is priced to be one of the best values in all of Northern California. The property offers freeway frontage along Interstate 80 in the Sacramento/Vacaville/Dixon/Davis region. The flexible zoning allows for campus parks, Biotech, light industrial, R&D, retail, commercial and medical companies.
PRICING FOR ALL 57.5 ACRES
$7.50/sf or $18,850,590
PRICING FOR INDIVIDUAL PARCELS
Retail land: $10.00/sf
Office/industrial/biotech/R&D: $8.00/sf
UTILITY PROVIDERS
Water: Cal Water Dixon-Solano Municipal Water Service
Gas/Electric: PG&E
Sewer: City (Dixon Wastewater Treatment Facility)
Phone Lines: AT&T
Cable Internet: AT&T, Wave
Trash: Recology
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Location I-80 Business & Technology Campus is located in the northern portion of Solano County, CA, close to Sacramento, Vacaville and Davis. It is approximately 23 miles from the state capital, Sacramento, and less than 65 miles from the San Francisco Bay Area. The site is located along Interstate 80, only 5+ miles from UC Davis.
APN 0109-030-090; 0109-030-100; and 0114-011-120 (Solano County)
Proposed SF Phase 1: 568,000 SF (11 acres of residential land in Phase 2)
Site Acreage 57.5 acres (46.5 acres in Phase 1 & 11.0 acres in Phase 2 residential)
Proposed Use Mixed-Use office campus for tech and research users with a retail component and surrounding residential development. Full campus user opportunity or Entertainment Park also potential uses.
Design Concept High end, premier mixed-use development with a campus environment for clean-operating high-tech and research companies, small businesses, and other progressive industries, as well as a thoughtfully-planned residential community.
Parking Required parking and on-street parking for the Dixon Commons, Village,and Marketplace.
Zoning Highway Commercial, Light Industrial, Professional and Administrative Office(CH-ML-PAO). Employment Zone (E).
Major Regional Tenants
Genentech, Cardinal Health, Gymboree, Walmart, Insulfoam, Milgard Tempering, Altec Industries, Colavite, Fitness Evolution, Valley Farm Transport, and Western Stabilization. Nearby attractions of commerce and talent include U.C. Davis, Kaiser, Sutter, Dignity, Sacramento State University and other innovation parks from nearby Davis/Vacaville.
Property Overview
Affordable & Executive Housing
Affordable & Executive Housing
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
TECHNOLOGY CAMPUS OVERVIEW
The I-80 Business & Technology Campus has been proposed and master-planned as an innovative “green”, pedestrian and bike-friendly commercial campus along Interstate 80 at the West A Street entrance to Dixon, California. Recently there has been steady migration of technology companies, biotech firms, and office users relocating to cities of Dixon and Vacaville, as well as throughout Solano, Yolo and Sacramento Counties. The I-80 Business & Technology Campus offers an one-of-a-kind opportunity for a true, legacy commercial campus.
DEVELOPMENT CONCEPT
The internationally recognized land planning firm, Calthorpe Associates, provided conceptual development plans for a master-planned commercial campus designed to be pedestrian, bike, and clean-vehicle friendly. Stretching nearly a mile along Interstate 80, the I-80 Business & Technology Campus will showcase excellent visibility and exposure for traditional tech, life science, biotech and agricultural-tech companies.
Calthorpe Associates’ development plans indicate a mix of uses which provide convenience, functionality and enjoyment to enterprises locating here.
Enterprise Village: 170,000 SF of R&D and Light Industrial
Dixon Commons: 210,000 SF of flex office space & a business hotel
Dixon Marketplace: 188,000 SF of restaurants & retail
Workforce Housing: 144 residential units proposed in Phase 2
Central Green & Pond Area: 4 acres of park & open space
SPECIFIC PLAN AREA
The 57-acre site is part of Dixon’s designated 477-acre Southwest Dixon Specific Plan, which at build-out will include over 1,300 homes. The I-80 Business & Technology Campus site is designated for the majority of the professional office and light industrial uses and square footage in the Southwest Plan. Below is a quick synopsis of the I-80 Business & Technology Campus master plan.
Name: I-80 Business & Technology Campus
Location: Highway 80 frontage (3,000 feet), City limits to A Street exit & Batavia Road frontage
Zoning: (CH-ML-PAO). Light Industrial, Professional Office and Retail all permitted uses. Approximately 568,000 SF of commercial space is permitted
Status: Both the Specific Plan and the EIR for Specific Plan Area were certified in November 2005; infrastructure for the Southwest Plan area has been engineered and can be readied for construction
INNOVATION HUB OBJECTIVES
The I-80 Business & Technology Campus development will benefit from its ideal location between the Bay Area and Sacramento. The I-80 Business & Technology Campus provides the following:
Master Planned Commercial Area which focuses on technology uses
A healthy mix of flex office, light industrial and retail space
Pedestrian and bike friendly campus
“Green” focused campus environment
Residential “workforce” housing can be built adjacent to commercial in Phase 2
The adjacent UC Davis and Solano Community College will be a prime source of talented workers for the new technology campus
The I-80 Business & Technology Campus
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
I-80 Business & Technology Campus Phasing Map
I-80 BUSINESS & TECHNOLOGY
CAMPUS PHASING
I-80 BUSINESS & TECHNOLOGY CAMPUS
I-80 Business & Technology Campus
The I-80 Business & Technology Campus is a proposed first-class mixed-use development site featuring a biotech campus designed for high-tech and research companies. The proposed plan also includes a prominent retail component and a hotel. The site is located only 23 miles from the state capital, Sacramento, and only 5 miles from the University of California, Davis. With immediate access to Interstate 80, the I-80 Business & Technology Campus development site will draw from the workforce in the surrounding areas of Vacaville, Davis, Sacramento, as well as the surrounding Bay Area and Central Valley counties.
The I-80 Business & Technology Campus is a 57.5-acre site that is proposed for a Phase 1 that consists of 568,000 square feet of professional office space, research labs, and retail. Phase 1 will cover 46.5 acres, leaving an additional 11-acre Phase 2 residential site. The current concept is comprised of three sections: the Dixon Commons, Enterprise Village, and the Dixon Marketplace.
DIXON COMMONS
The Dixon Commons, adjacent to Interstate 80, stretches 13 acres in total and features both professional office space, restaurant/retail space, and a 5-story, 60,000 square foot hotel. In total, the Commons will contain 210,000 square feet spread out over 7 buildings, including the 5-story hotel. In the center of the Dixon Commons, a beautiful 4-acre Central Green will feature ponds and fountains. The current concept is comprised of a campus design with one, two and three story office buildings, some with ground floor retail, surrounding the Central Green with a 5-story hotel on one end. There will be 554 required parking spaces spread throughout the Commons, with an additional 154 on-street parking spaces.
DIXON MARKETPLACE
The Dixon Marketplace, the central retail hub of the site, will total 14 acres of retail and office, including a grocery anchor, flagship restaurant and a cinema. 12 buildings that make up 194,000 square feet will feature large one-story free-standing buildings, as well as 2-story retail and office buildings.
With multiple direct access points off of Interstate 80, the Marketplace is well-located and features prominent frontage with excellent signage exposure. The 50,000 square foot grocery store and 22,000 square foot cinema, alongside restaurants and shopping, will create a center lifestyle hub for the entire I-80 Business & Technology Campus. There will be almost 900 required parking spaces for the Marketplace with another 44 on-street parking spaces.
ENTERPRISE VILLAGE
Enterprise Village, the office campus designed for high-tech and research users, stretches over 10 acres offering flexible office options. The Village will be comprised of 12 industrial flex buildings and two storage complexes. The office buildings are all 2 stories high and range from 8,000 square feet up to 14,000 square feet. The two storage complexes are also two stories high with a total of 35,000 square feet each. 618 parking spaces are required throughout the Village, as well as 101 on-street parking spaces.
Site Description & Proposed Development Plan
Property Overview
OFFERING MEMORANDUM | I-80 Business & Technology Campus
I-80 BUSINESS & TECHNOLOGY CAMPUS
I-80 BUSINESS & TECHNOLOGY
CAMPUS DEVELOPMENT AREAS
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
I-80 Business & Technology Campus Schematic Site Plan (Phase 1 & 2)
I-80 BUSINESS & TECHNOLOGY
CAMPUS SCHEMATIC SITE PLAN
(PHASE 1)
I-80 BUSINESS & TECHNOLOGY CAMPUS
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
Dixon Commons Site Plan (Phase 1)
I-80 BUSINESS & TECHNOLOGY CAMPUS
I-80 BUSINESS & TECHNOLOGY
CAMPUS
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
Enterprise Village Site Plan (Phase 1)
I-80 BUSINESS & TECHNOLOGY CAMPUS
I-80 BUSINESS & TECHNOLOGY
CAMPUS
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
Dixon Marketplace Site Plan (Phase 1)
I-80 BUSINESS & TECHNOLOGY
CAMPUS
I-80 BUSINESS & TECHNOLOGY CAMPUS
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
Office Building at Dixon Commons Office Building at Dixon Commons
Retail at Dixon Marketplace
Flex. Office Building at Enterprise Villages
Retail at Dixon Marketplace Entry Road
Typical Images for Proposed Building Types (Phase 1)
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
Phase 2 Schematic Site Plan (Residential)
I-80 BUSINESS & TECHNOLOGY CAMPUS
I-80 BUSINESS & TECHNOLOGY
CAMPUS SCHEMATIC SITE PLAN
(PHASE 2)
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Property Overview
Single-Family Small Lots on Green Court
Single-Faily Small Lots on Green Court
Live/Work & Townhomes at Site Entry Road
Standard Lot Single-Family
Typical Images for Proposed Building Types (Phase 2)
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Master Planned I-80 Business & Technology Campus Option
The I-80 Business & Technology Campus is a proposed first-class mixed-use development site featuring a campus designed for a variety of users including high-tech and research companies. The proposed plan also includes a prominent retail component and a 5-story hotel. The site is located only 23 miles from the state capital, Sacramento, and only 5 miles from the University of California, Davis. With immediate access to Interstate 80, the I-80 Business & Technology Campus development site will draw from the workforce in the surrounding areas of Vacaville, Davis, Sacramento, as well as the surrounding Bay Area and Central Valley counties.
The I-80 Business & Technology Campus is a 57.5-acre site that proposes a Phase 1 that consists of 568,000 square feet of professional office space, research labs, and retail. Phase 1 will cover 46.5 acres, leaving an additional 11-acre Phase 2 site. The proposed 11-acre Phase II residential site is an integral element to the site and will provide several types of workforce housing, appealing to both single households and families. The current I-80 Business & Technology Campus concept is comprised of three sections: the Dixon Commons, Enterprise Village, and the Dixon Marketplace.
The Dixon Commons, adjacent to Interstate 80, stretches 13 acres in total and features both professional office space, restaurant/retail space, and a 5-story, 60,000 square foot hotel. The Dixon Marketplace, the central retail hub of the site, will total 14 acres of retail and office, including a grocery anchor, flagship restaurant and a cinema. Enterprise Village, the office campus designed for high-tech and research users, stretches over 10 acres offering flexible office options. The Village will be comprised of 12 industrial flex condo buildings and two storage complexes.
Proposed Plan
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OFFERING MEMORANDUM | I-80 Business & Technology Campus
Alternative Options
Single-User Option
The I-80 Business & Technology Campus offers large single users an opportunity to utilize the entire property for its private, corporate campus. As part of the Southwest Dixon Specific Plan and the certified EIR for the Southwest Dixon Specific Plan, the property’s zoning designates this property as the “E” Employment zone, allowing flexible uses of 600,000 total square feet of business park uses including office, retail, light industrial/flex, R&D, biotech, and medical.
This is a very rare opportunity to control a large piece of land with frontage I-80 connecting the San Francisco Bay Area and Silicon Valley along to the state capital, Sacramento. This is an ideal location for biotech and medical users to expand into a large acreage lot for their campus headquarters and future expansion. Silicon Valley tech companies will seek to create new office campuses with more affordable housing for their workers and the I-80 Business & Technology Campus 57-acre parcel is a once-in-a-lifetime opportunity for them.
The City of Dixon is invested in the creation of jobs and growth of the workforce. They will likely support an approval process that creates jobs in an office campus, business park setting.
The I-80 Business & Technology Campus’s potential for a future single user campus will appeal to biotech companies, medical and health care companies, life science users, schools, tech corporate users, and many more. Larger companies are beginning to migrate from the Bay Area where the market is oversaturated and affordable land is nonexistent. The I-80 Business & Technology Campus’s ideal location on I-80 between Sacramento and San Francisco, as well as its adjacency to UC Davis, will attract large companies looking for cheaper land and housing options, a strong workforce, neighborhood communities, and an exciting potential for growth.
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Biotech Market Overview
The 30+ year old biotechnology industry in Northern California, which contains the largest cluster of biotech companies in the nation, continues to expand in the region, creating a biotech corridor along Interstate 80. Solano County, where the I-80 Business & Technology Campus is located, is one of the largest benefactors of biotech expansions. Solano is situated between top universities and has an already thriving biotech industry. As the Bay Area real estate market gets even more and more saturated, and as biotechnology companies continue to grow, Solano County and Sacramento are becoming the ideal places to expand. The I-80 Business & Technology Campus opportunity is within driving distance of the Bay Area and four of the nation’s top scientific schools: UC Davis, Stanford, UC Berkeley, and UC San Francisco.
Vacaville started the movement in the 1980’s when biotech companies utilized the city’s streamlined approval process. The large development sites for BioSource and Alza helped begin the area’s economic development rise, and then larger companies like Genentech and Novartis followed next. Genentech, a biotherapeutics research and development company, and Novartis, a company which deals in medicine, vaccines, and consumer health, have been in Vacaville for more than a decade and are continuing to expand in the area. Genentech’s recent expansion added 380,000 square feet for manufacturing, bringing the site’s total square footage up to 427,000 square feet.
Genentech has also shown interest in Dixon because of the strong pool of skilled labor in the area (mostly from nearby UC Davis), its reasonable distance from Genentech’s headquarters in South San Francisco, and a large supply of development-ready land. A research and development tax credit offered by the state, support from Dixon city government, and a variety of affordable housing options within a distance of good schools and recreational activities were all factors in Genentech’s decision.
Solano County Community College has developed a biotech program that trains workers in both science and government regulations of the biotech industry. The program has expanded and is now offered at various Vacaville high schools, as well as influencing UC Davis to implement a biotech curriculum. Located in the heart of the growing biotech hub along the Interstate 80 corridor, the I-80 Business & Technology Campus presents an unsurpassed opportunity for developers, biotech users, research companies, small businesses, progressive industries, retailers and investors.
Market Overviews
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Davis OverviewSacramento Overview
Sacramento is the capital city of California and is located at the midpoint between San Francisco and Reno, Nevada. It is also located along Interstate 5, which connects the Canadian border to the Mexican border in the Western United Status. The city was founded in 1850 after Sutter’s Fort became established during the California Gold Rush as a major distribution point and a commercial and agricultural center. The city was named after the Sacramento River and is now home to over 2.1 million people.
Since the economic downtown of 2008, Sacramento has taken great strides in gentrifying and reinventing itself. Always known as a government-based city, Sacramento is now known for its emerging healthcare, technology, and agricultural industries. The downtown core area has been recently rejuvenated by the construction of the Golden 1 Center, the new entertainment and sports complex for the Sacramento Kings basketball team and other headlining events, concerts and shows.
Sacramento’s largest employers include the State of California (69,763 employees), the County of Sacramento (11,450 employees), UC Davis Health System (7,725 employees), Dignity Health System (7,069 employees), Intel (6,633 employees), Kaiser Permanente Health System (6,360 employees), and Sutter Health System (5,765 employees).
California State University-Sacramento is also centrally located in the metropolis and has over 30,000 students.
Davis is the nearest neighboring city to Dixon (5 miles) and is located in Yolo County. Originally a railroad town for Southern Pacific Railroad, Davis found its niche as a farming town in the early 1900’s. In 1959, University of California-Davis opened to students and quickly became known for its contributions to agricultural technology and policy, as well as veterinary care and animal husbandry. UC Davis is now home to over 35,000 students and the city of Davis boasts a population of 66,000 people.
Davis over the last few decades has become notorious as an exclusive town to itself and strongly against any annexation or outside business coming into town. They prefer to grow and keep business within the city limits making any new developments on a commercial real estate level nearly impossible. Over the last 20 years, multiple innovation or biotech parks have been proposed to city planning and all have failed. Only one new major development in the last 15 years has been approved and that is the Cannery project which is mixed-use residential and commercial development located in north Davis.
Because various innovation/biotech parks have been voted down over the recent history of Davis, this could be a fantastic opportunity for the city of Dixon to attract one of these parks in the near future and bring the occupational talent from UC Davis.
Top employers in Davis include UC Davis (28,411 employees), Davis Unified School District (972 employees), City of Davis (492 employees), Sutter Davis Hospital (396 employees), and US Department of Agriculture (200 employees).
Davis is home to the United States Bicycling Hall of Fame, the Mondavi Center, UC Davis Arboretum, and Toad Tunnel.
Market Overviews
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Dixon Overview Vacaville Overview
Dixon is a city in northern Solano County, California, located 23 miles from the state capital, Sacramento, only 63 miles from the San Francisco Bay Area, and slightly over 5 miles from the University of California, Davis, directly accessible via Interstate 80.
Dixon, only 6.7 square miles in total, boasts a population of 18,351, recorded at the 2010 census. The median income in Solano County from the 2009 census was just under $80,000 per year. Other nearby cities include Vacaville, Winters, and Davis. Popular attractions in Dixon include City Hall, Conejo Park and Hall Park.
Top employers in Dixon are Gymboree (400 employees), Wal-Mart (317 employees), First Northern Bank (233 employees), Campbell Soup Company (180 employees), and Cardinal Health (153 employees). The unemployment rate in Dixon is now below 7% (U.S. average is 6.3%). Recent job growth is positive in Dixon as jobs have increased by 0.64%. Since 2000, Dixon has experienced a population growth of 14.09%.
House market trends in Dixon show an 11% year-over-year rise in median sales price and a 6% rise in median rent per month.
Vacaville is a midsize city in Solano County, located near the geographic midpoint between San Francisco and Sacramento. It is located to the northeast of Fairfield and to the southwest of Dixon. Interstate 80, which links Vacaville to both the San Francisco Bay Area and the Greater Sacramento area, runs east-west through the city, and meets with Interstate 505, a connector route to Interstate 5.
The population of Vacaville is approximately 94,000, and the median household income is $70,988. About one-third of Vacaville households were estimated to have earned $100,000 or more in 2015. Both the population and income in the city are projected to rise in the coming five years, to an estimated 97,000 and $79,912, respectively.
Vacaville is home to a mini-cluster of biotechnology and pharmaceutical companies. Kaiser Permanente is the city’s largest non-government employer, with an estimated 1,500 workers, or 3.4% of the city’s jobs overall. Genentech owns a 310,000 square foot building in the city, where it accommodates an estimated 1,000+ employees. The aerospace firm ICON Aircraft moved its headquarters to a 140,000 square foot facility in Vacaville in 2014, consolidating its operations while promising a significant economic impact for the local area. Other principal employers include Walmart (441), Alza Corporation (383), and Simpson Dura-Vent (375), according to the city’s 2015 Comprehensive Annual Financial Report.
Last year, construction began on the Fairfield/Vacaville Train Station project, a part of the Amtrak-Capital Corridor line. The new Vacaville station, which is expected to open in early 2017, will reduce local commuter traffic on Interstate 80 while making jobs in the area more accessible to nearby residents. It is projected to create 4,000 long-term jobs in the area.
Market Overviews
San Francisco
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NEVADA
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I-80 BUSINESS & TECHNOLOGY CAMPUS
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OFFERING MEMORANDUM | I-80 Business & Technology Campus
I-80 BUSINESS & TECHNOLOGY CAMPUS
SOUTHWEST DIXON PLAN AREA
W. Dixon Avenue W. A Street
Batavia R
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Aerial Photo
Southwest Dixon Plan Area
OFFERING MEMORANDUM | I-80 Business & Technology Campus
SOUTHWEST DIXON PLAN AREA
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Southwest Dixon Plan Area
Southwest Dixon Plan Area
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Vicinity Map
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Southwest Dixon Plan Area
OFFERING MEMORANDUM | I-80 Business & Technology Campus
BLDG. SF SYMBOL LAND USE BASELINE DENSITY (APPROX)
DWELLING UNITS
AREA GROSS ACRES
266,800 CC Community Commercial - - 20.85
185,130 HC Highway Commercial - - 11.30
MOH Med. Density- High Residential 13.5 du/ac 131 9.70
MDL Med. Density - Low Residential 5.74 du/ac 644 112.04
LO Low Density Residential 3.18 du/ac 590 185.53
511,830 E Employment Center 41.83
FS Fire Station 0.47
F Functional Buffer 9.19
p Community and Neighborhood Parks 23.0
Streets (Arterials and Collectors) 50.6
Detention Basin 9.44
Canal 2.64
Water Well/Tank Site 0.81
963,760 TOTAL 1,365 477.40
Land Use Designations
Southwest Dixon Plan Area
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Proposed Land Use Plan
W DIXON AVE.
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CC Community Commerical
INDUSTRIAL
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RESIDENTIAL
LD Low Density
MDL Medium Density Low
MDH Medium Density High
OTHER
P Park
G Government/Institutional
F Functional Buffer
*Exact interchange configuration to be determined
Southwest Dixon Plan Area
Southwest Dixon Plan Area
Figure 1-6
OFFERING MEMORANDUM | I-80 Business & Technology Campus
W DIXON AVE.
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Proposed Zoning
Figure 1-7
CH Highway Commercial
CN Neighborhood Commercial
CH-ML-PAO Highway Comm./Light Industrial/ Professional Adm. Office
R-1 Single Family Residential District
MR Multiple Family District
PS Public Servce
Southwest Dixon Plan Area
Southwest Dixon Plan Area
The following objectives for the Specific Plan are listed below:
Provide residential, commercial, and employment center development which is responsive to the needs of the surrounding community.
Implement the Specific Plan as the comprehensive, cohesive plan for the physical and economic development of the project site and surrounding community.
Implement and establish a development that is consistent with the City’s General Plan.
Establish a plan that will provide well-integrated land uses compatible with the surrounding area.
Maintain a high level of quality in planning, design, landscaping and architecture in the project.
Provide a variety of residential unit types, located close to shopping areas and public facilities.
Provide a sufficient pedestrian, bicycle and vehicle circulation system and connections to existing and planned activity nodes.
Implement individual developments that are compatible with the land use designations shown in the City’s adopted General Plan and Specific Plan.
SPECIFIC PLAN “PROPOSED LAND USE PLAN”
Figure 1-6 illustrates the Proposed Land Use Plan for Southwest Dixon. Within this larger community, smaller sub-neighborhoods will provide a small-scale sense of identity for residents. Key features of the Proposed Land Use Plan include:
Community Commercial: Located along West A Street and the Gateway Drive extension. Commercial uses are provided to offer goods and services, and entertainment for the local community and visitors.
Parks: A community park site is located along the major roadway (West A Street), while a neighborhood park is provided east of Pitt School Road.
Public Facilities: Build out of the Specific Plan Area will require the development of public service and infrastructure facilities. Areas designated for public facilities include a fire station located near the neighborhood park in the eastern portion of the Plan Area. The water system to store and pump water includes water tanks and a well. A storm water detention basin is provided to serve the western portion of the Southwest Dixon area.
Residential Community: Residential communities are planned throughout the Plan Area. A variety of densities and housing types are envisioned.
Project Objectives
Southwest Dixon Plan Area
OFFERING MEMORANDUM | I-80 Business & Technology Campus
The following land use designations are used on Figure 1-6, Proposed Land Use Plan. Table 1-1 summarizes land use acreages, densities, and intensities of the various uses called for by the Specific Plan. More specific descriptions of these land use categories are found in Chapter 4 (residential), Chapter 5 (commercial and employment center), and Chapter 7 (public facilities).
The City’s Measure B Implementation Ordinance establishes a twenty percent (20%) multi-family housing target in future growth areas in the City of Dixon. The Southwest Dixon Specific Plan area and Southpark (Valley Glen) Planned Development area are described in the City’s Ordinance as future growth areas. The SWDSP initially proposes 1,139 residential units, including 231 multifamily/high density units. Build out of the specific plan area beyond the initial stage would result in 1,365 residential units in the SWDSP area.
RESIDENTIAL (NET SITE AREA PER UNIT)
The Specific Plan establishes a range of housing densities and types to help alleviate current housing deficiencies and to offer quality housing for all income levels in the City of Dixon. The Plan envisions sub-neighborhoods in the Plan Area with different architectural themes and styles.
COMMERCIAL
The Plan provides for commercial development in a well-defined location along West A Street and Gateway Drive. Future commercial uses are intended to provide goods and services to residents, workers and visitors in the Plan Area.
INDUSTRIAL
The employment center designation is intended to provide a flexible zone for primarily employment generating uses adjacent to the freeway and to act as a buffer between the freeway and residential communities.
OTHER
Land Use Designations
Southwest Dixon Plan Area
OFFERING MEMORANDUM | I-80 Business & Technology Campus
LDLow Density - 7,000-19,999 S.F. {Single Family Residential (Rl) Zoning District}
MDLMedium Density Low - 3,000-6,999 S.F. {Planned Multi-Residential (PMR) Zoning District}
MDHMedium Density High - 2,000-2,999 S.F. {Multi-Family (RM) Zoning District}
G/I Governmental/Institutional
P Parks
F Functional (Buffers)
CCCommunity Commercial {Neighborhood Commercial (CN) Zoning District}
HC Highway Commercial {Highway Commercial (CH) Zoning District}
EEmployment Center {Highway Commercial/Light Industrial/ Professional & Administrative Office (CH-ML-PAO) Zoning District}
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Southwest Dixon Plan Area
SPECIFIC PLAN ZONING
Figure 1-7 identifies proposed zoning for land uses in the Southwest Dixon Specific Plan:
POPULATION
Less than fifty people now live in the Plan Area. Using baseline densities, a total of 1,139 dwelling units are projected for the Plan Area at build out. The Dixon General Plan assumes an average density of three persons per dwelling unit. Based on this assumption, total population for the Southwest Dixon Plan Area would be about 3,417. Full build out of the plan area beyond the initial development would permit
1,365 residential units in the Plan Area and a resulting build out population of 4,095.
CH Highway Commercial
CN Neighborhood Commercial
CH-ML-PAO Highway Comm./Light Industrial/ Professional Adm. Office
R-1 Single Family Residential District
PMR Planned Multiple Residential District
RM Multiple Family District
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Kidder Mathews is conducting this offering of the I-80 Business & Technology Campus as the exclusive agent of Seller. All inquiries and questions should be directed to:
Kevin Sheehan – 916.751.3601; [email protected],
Tyler Boyd – 916.751.3625; [email protected],
Max Sander – 415.229.8901; [email protected]
Skip Whitney – 415.229.8899; [email protected].
If you would like more information about the property, please execute the non-disclosure agreement (“NDA”) to gain access to the due diligence documents. Kidder Mathews will be glad to help prospective buyers schedule on-site tours of the Property.
Prospective buyers are discouraged from contacting the Seller directly. Kidder Mathews will cooperate with other real estate brokers who have procured and are authorized to represent prospective purchasers for the Property. Broker shall not provide any marketing materials or other information to any cooperating broker representing a prospective purchaser unless such cooperating broker (i) represents the prospective purchaser pursuant to a written agreement, a copy of which is furnished to Broker, and (ii) executes and delivers to Broker an NDA from both the cooperating broker and its prospective purchaser. Kidder Mathews and Seller reserve the right to modify these Transaction Guidelines in their sole discretion.
Prospective buyers are invited to submit their proposals at any time, including the following:
1. Experience of the company and its principals with:
Acquiring and developing comparable properties
References from bank(s), sellers of comparable properties bidder previously acquired, and joint venture partners of comparable projects
2. Proposal Terms:
Purchase price
Source of acquisition capital
Earnest money deposit
Due diligence and closing time frame
Proposal can be submitted at any time
Transaction Guidelines
TRANSACTION GUIDELINES/SELECTION PROCESS
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Timeline for Development
Anticipated development timeline as follows:
6 months: Planning & Site Design
6 months: Infrastructure & Architectural Design
6 months: Project Approvals
12 months: Construction of Improvements & First Phase
Partnerships for SuccessThere will be many private sector and public agency partners that will be eager to participate in such an exciting venture:
City of Dixon
County of Solano
Solano County Economic Development Corporation
UC Davis
Lawrence Berkeley Labs
US Department of Energy
Pharmaceutical Companies
Calthorpe Associates, Land Planning Firm
Project Timeline
OFFERING MEMORANDUM | I-80 Business & Technology Campus
Skip WhitneyExecutive Vice President, Partner, China Services 415.229.8899 [email protected]
Max SanderAssociate 415.229.8901 [email protected]
Kevin SheehanManaging Partner 916.751.3601 [email protected]
Tyler BoydAssociate Vice President 916.751.3625 [email protected]
Contacts
kiddermathews.com
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It
is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made
available to any other person or entity without the written consent of Kidder Mathews.
This Marketing Brochure has been prepared to provide summary, unverified information to prospective
purchasers, and to establish only a preliminary level of interest in the subject property. The information
contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has
not made any investigation, and makes no warranty or representation, with respect to the income or
expenses for the subject property, the future projected financial performance of the property, the size
and square footage of the property and improvements, the presence or absence of contaminating
substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical
condition of the improvements thereon, or the financial condition or business prospects of any tenant,
or any tenant’s plans or intentions to continue its occupancy of the subject property. The information
contained in this Marketing Brochure has been obtained from sources we believe to be reliable;
however, Kidder Mathews has not verified, and will not verify, any of the information contained herein,
nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty
or representation whatsoever regarding the accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify all of the information set forth herein.
This information has been secured from sources we believe to be reliable. We make no representations
or warranties, expressed or implied, as to the accuracy of the information. References to square
footage or age are approximate. Recipient of this report must verify the information and bears all risk
for any inaccuracies.
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