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Williams industrial group

2493 MONTECITO ROAD9.7-ACRE INDUSTRIAL LANDRAMONA, CA 92065OFFERING MEMORANDUM

RAMONA AIRPORT

MONTECITO RD

NON-ENDORSEMENT & DISCLAIMER NOTICE

Confidentiality & DisclaimerThe 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 Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. 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. Marcus & Millichap 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, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2020 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Tax and Legal Advice DisclaimerThis package has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

PRE SENTED BY:

Kent R. Williams, SIORSenior Managing Director - InvestmentsDirect: 858.373.3193Email: [email protected]: CA 00823860

Vincent KrantzAirport Served SpecialistDirect: 858.373.3180Email: [email protected]: CA 01976199

Marcus & Millichap – San DiegoOffice: 858.373.31004660 La Jolla Village Drive, Suite 900San Diego, CA 92122www.marcusmillichap.com

SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)

EXECUTIVE OVERVIEW2493 Montecito Road in Ramona, California offers the right investor an exclusive location for development, directly adjacent to Ramona Airport, surrounded by 8,500 acres of protected grasslands. The 9.7-acre parcel is zoned M54, allowing for a full range of uses from commercial to heavy industrial. Utilizing the existing office improvement, the site is ideal for specialized developments including winery, aviation-related hospitality, flight training facility, event hosting, and more. The property is located just two miles from the Ramona town center, and is accessible to major markets San Diego and Los Angeles through US I-15.

RAMONA AIRPORT

MONTECITO RD

COOPER MEADOWSEQUESTRIANEVENT TRAINING

Asking Price:

$2,535,000Lot Size:

9.7 AcresZoning:

M54

4WILLIAMS INDUSTRIAL GROUP | 2493 Montecito Road, Ramona, California 92065

Address 2493 Montecito RoadRamona, California 92065

APN 281-540-13-00

Land Acrage 9.7 Acres

Land SF 422,532 SF

Parcel Shape Irregular Rectangle

Graded Uneven

Street Frontage Montecito Road, 470 Ft

Services Utilities

Wells 2

Zoning M54 - General Impact Use

Existing Improvements

Office Building: 1,240 SF Driveway

PROPERTY OVERVIEW

COOPER MEADOWSEQUESTRIANEVENT TRAINING

RAMONA AIRPORT

MONTECITO RD

989 FT

831 FT

437 FT

Driveway

Current Ingress Egress

1,240 SF Office Improvement


20mi

Downtown San Diego

RamonaOceanside

Riverside

Downtown Los Angeles

40mi100mi


REGIONAL MAP

The highly desired M54 Zoning allows for a wide range of readily permitted uses, ranging from commercial, light industrial, to heavy industrial uses. Non-industrial uses which support industrial uses are permitted within the zone, particularly administrative, sales, and services uses

Some permitted uses include:

• Automotive and Equipment

• Business Equipment Sales and Services

• Business Support Services

• Communications Services

• Construction Sales and Services

• Gasoline Sales

• Wholesaling, Warehousing, and Distribution

• Outside Equipment Storage

• Self-Storage

• Custom Manufacturing

• Packing and Processing

• Administrative and Professional Services

• Research Services

POTENTIAL DEVELOPMENTS

M5 4 - GENER A L IMPAC T INDUS TRI A L


• Corporate Hanger Event Hosting

• Youth Air Academy

• Aviation Hospitality

• Aviation Community Center

• Flight Training Facility

• Aircraft Museum Site

• Historic Site for Women’s International Pilot 99ers Club

UNIQUE COMMERCIAL USES

AV I ATION REL ATED DE V ELOPMENTS

The site is exclusively located across Ramona Airport, surrounded by 8,500 acres of protected grasslands, and directly accessible to major interstate highways. Utilizing the existing office improvement, the site has a great variety of potential aviation-related uses such as:


UNIQUE COMMERCIAL USES

WINERIE S

E V ENT C ATERING

Ramona Valley was designated an official American Viticultural Area (AVA) in January 2006. In 2010, the San Diego County zoning ordinance was amended to create a four tier winery structure, commonly referred to as the Boutique Winery Ordinance. Small wineries were finally allowed to offer wine tasting to the public without onerous financial regulations.

There are currently 30 one-of-a-kind wineries in Ramona, firmly placing the Ramona Valley in the California Wine Country.

The site's excellent location is highlighted by natural protected grasslands, mountainous vistas, and breathtaking sunsets. The site may be developed into an event catering venue for:

• Weddings• Seminars• Trade Conferences• Corporate Events• Bed & Breakfast Hospitality• And More

R A MON A SUNSE T

Population 1 Mile 3 Mile 5 Mile

2020 Total Population: 518 17,052 24,702

2025 Population: 530 17,382 25,170

Pop Growth 2020-2025: 2.32% 1.94% 1.89%

Households

2020 Total Households: 162 5,545 8,092

HH Growth 2020-2025: 2.47% 1.97% 1.93%

Median Household Inc: $88,068 $76,296 $85,043

Housing

Median Home Value: $707,547 $576,571 $639,724

Median Year Built: 1982 1980 1980

DEMOGR A PHIC S WITHIN R A DIUS OF PROPER T Y

8 , 5 0 0 AC PROTEC TED GR A S SL A NDSR A MON A , C A


R A MON A , C A LIFORNI A

With a variety of opportunities to capture the calm of a single moment, Ramona is surrounded by fields and farms, and provides an abundance of fresh air. By day, the sky is powder blue, sprinkled with occasional clouds and soaring birds, and framed by mountains in the distance. At night, the sky submits to the clarity of the stars and the quiet hum of the whispering wind. As an unincorporated area of the county, Ramona is a scenic 45-minute drive from downtown San Diego.

With ideal weather that promotes year-round activities, the area is bursting with events geared to residents and visitors alike. Ramona hosts summer classic car events, music performances and concerts, hiking, antique shopping, wine tasting, stargazing, organized sports and so much more. The community also has enough amenities to offer consumers a choice between fine and casual dining and traditional and organic grocery stores, as well as options for automotive, beauty, fitness, lodging, entertainment, professional services, real estate, shopping, and pet and animal supply providers.

DEMOGRAPHIC OVERVIEW

TEAM CREDENTIALS

Our cutting-edge philosophy is to work hyper-specialized product types of industrial real estate on a national level. Our strategy of narrowing the focus of each team member to a very specific definition of product such as Fiber Lit Industrial or Cold Storage addresses the clear fact that buyers are most likely not local but more regional, national or even international. Typically, other agents work general product types such as “all industrial” or “all office” in a local market (oftentimes these same agents break up their day by trying to do both sales and leasing). This has led to the rise of the “generalist” local agent. Someone who is adequate at leasing, property management, and sales. While this and a solid grasp of the local market is good, it’s not always enough. Buyers and sellers of these product lines are becoming more sophisticated every day and appreciate our team members’ unique level of product specific knowledge which allows our team to “speak the language” of the owners (and operators) as well as assess a more accurate value to often complex improvements.

Marcus & Millichap is a leading firm specializing in commercial real estate investment sales, financing, research and advisory services, with offices across the United States and Canada. Our services are customized and personalized to meet the diverse needs of private investors, professionals and institutions.

Marcus & Millichap is a national industry leader due to the quality of our research and the depth and breadth of our team. With unmatched knowledge of the characteristics and requirements of both the local markets and within each property type, our investment specialists are able to maximize value for our clients. Each team of investment professionals utilizes specialized training, marketing and tailored communication tools to produce remarkable results for the unique needs of each transaction.


THE WILLI A MS INDUS TRI A L GROUP

M A RCUS & MILLICH A P

TEAM CREDENTIALS

A senior managing director with over 30 years in the industry, Kent Williams is an authority in industrial sale transactions, leading a team of highly specialized and focused industrial experts. As industrial “niche” experts, Mr. Williams’ team covers cold storage, rail served, lit (fiber optics), and other highly specialized subsections of the industrial real estate industry. For many years, Mr. Williams was a partner of Marcus & Millichap, overseeing operations west of Denver in the US and Canada. Currently an active member of the San Diego Chapter of SIOR, Mr. Williams is proud of his contribution in developing the Masters in Real Estate program at the University of San Diego.

Vincent specializes in airport served and airport proximity industrial at a national scale. Vincent is an accomplished commercial real estate broker with experience in multifamily and industrial properties. As a licensed professional pilot and utilizing practical knowledge of airport requirements, Vincent flies to various regional airports to provide specialized, time-critical brokerage and advisory services to clients.

K ENT R . WILLI A MS , SIORSenior Managing Director - Investments

Airport-Served SpecialistV INCENT K R A NT Z


PRE SENTED BY:

Kent R. Williams, SIORSenior Managing Director - InvestmentsDirect: 858.373.3193Email: [email protected]: CA 00823860

Vincent KrantzAirport Served SpecialistDirect: 858.373.3180Email: [email protected]: CA 01976199

Marcus & Millichap – San DiegoOffice: 858.373.31004660 La Jolla Village Drive, Suite 900San Diego, CA 92122www.marcusmillichap.com

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