ALTAMIRA SOUTHERN CALIFORNIA 248 LOT DEVELOPMENT OPPORTUNITY

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1 PRICE REDUCED SUBMIT ALL OFFERS! TWENTYNINE PALMS HWY SUNNY VISTA ROAD Friendly Hills Elementary School ALTA LOMA DRIVE ALTAMIRA 105 ± ACRE SITE JOSHUA TREE, CA 92252

2 ALTAMIRA OFFERING HIGHLIGHTS 10k Approved Tentative Map for 248 single family lots 10,000 SF minimum lot size 19 ± acres of open space Homes from 1,600 to 2,300 SF Walking distance to many retail shops and restaurants Located at the gateway to Joshua tree National Park Vintage shops in downtown Joshua Tree

3 ALTAMIRA OVERVIEW The offering consists of Altamira, meaning View from a High Place, a 248 lot single family residential subdivision on approximately 105 acres. The project benefits from an approved tentative map with lots ranging from 10,000 SF to 20,320 SF and approximately 19 acres of planned open space. The project is located just south of Highway 62 (Twentynine Palms Hwy) within the high desert community of Joshua Tree. The well-established community has a blossoming arts scene, new vintage shops and restaurants along with increasing median home prices, which all make this an exciting opportunity. PROPERTY INFORMATION Address: NWC Sunny Vista Road & Alta Loma Drive, Joshua Tree, CA Assessor s Parcel Information: APN Size (Acres) TOTAL Zoning: Zoning: Joshua Tree/Single Residential 10,000 Sq. Ft. minimum (JT/RS-10M)

4 ALTAMIRA S O U T H E R N C A L I F O R N I A 24 8 LOT D E V E LO P M E N T O P P O R T U N I T Y DEVELOPMENT SPECIFICS Tentative Tract Map: TTM Acreage: Development Plan: To be formed by Buyer Gross Approval Date: September 27, 2016 Net Acres 101± Acres Expiration Date: September 27, 2019 Lot Size: Conditions of Approval: CLICK HERE FOR COA Largest Lot 20,320 SF Smallest Lot 10,000 SF Average Lot 11, 528 SF Lot Density: 2.36 Residential Lots/Acre Earthwork: Raw Cut 408,134 CY Raw Fill 408,134 CY Net Export 0 CY

5 ALTAMIRA S O U T H E R N C A L I F O R N I A 24 8 LOT D E V E LO P M E N T O P P O R T U N I T Y AERIAL TWENTYNINE PALMS HWY SUNNY VISTA ROAD DOWNTOWN JOSHUA TREE PARK BLVD. Friendly Hills Elementary School ALTA LOMA DRIVE

6 ALTAMIRA TAX MAP

7 ALTAMIRA LOCATION Joshua Tree is a community of artists, musicians, working families, businesspeople, telecommuters and retirees. Downtown has art galleries featuring local artists, several beautiful gift shops, outfitters, music, great food and more. The National Park Visitors Center is located right off the main street and the park offers outdoor enthusiasts many opportunities for adventure including: hiking, backpacking, cycling, climbing, birding and stargazing. Cultural institutions include the Hi-Desert Cultural Center, home to the Kaye Ballard Playhouse and Blak Box Theater; the Joshua Tree Retreat Center, a world-famous meditation, yoga and conference center designed by Frank Lloyd Wright and his son, Lloyd Wright; and Harrison House, a North African-inspired work of art built by the late composer Lou Harrison, and now a venue for chamber concerts and dance recitals. JOSHUA TREE Every fall, local artists open their doors for the Highway 62 Art Tours. Held over two weekends in late October, the Art Tours provides a unique opportunity for the public to interact one on one with working artists. RECOMMENDED OFFERING TERMS Due Diligence: Recomended to be 90 Days or less Close of Escrow: 30 days following expiration of Due Diligence Asking Price: $1,900,000 ($7,660/lot or $18,250/acre) Seller will consider joint venture proposals or offers contingent upon final map approval.

8 For more information, please contact: MATT DAVIS (858) Lic. # TERRY JACKSON (858) Lic. # LAND ADVISORY GROUP CUSHMAN & WAKEFIELD OF SAN DIEGO, INC Executive Drive, 9th Floor, San Diego, CA Lic. #