UPT COLLEGE AREA INFILL DEVELOPMENT 30 UNITS STREET 55TH STREET. JOE BRADY

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1 55 4 STREET TH COLLEGE AREA INFILL DEVELOPMENT 0 S JOE BRADY joe.brady@colliers.com VICTOR KREBS victor.krebs@colliers.com UPT SAN DIEGO est. 989

2 THE OFFERING PROPERTY HIGHLIGHTS Colliers International is pleased to present a development opportunity at th Street. Located in the College area of San Diego, the site offers an excellent opportunity to develop apartments or townhomes for the city s growing residents. STRONG MARKET IN DEVELOPMENT CYCLE IN THE PATH OF DEVELOPMENT EXISTING INCOME WITH DEVELOPMENT POTENTIAL Nearby are several major employers including San Diego State University, Alvarado Hospital, and Kaiser Permanente Hospital. Shopping amenities in the area include Vons Grocery, CVS, Smart & Final, and Ralphs Grocery. Just north of the site, the South Campus Plaza development will feature shopping and dining including: Trader Joe s, Eureka, Broken Yolk, and Verizon Wireless th Street represents a unique opportunity to develop a high quality residential community in a vibrant in-fill location, with solid demand and excellent neighborhood amenities. CLOSE PROXIMITY TO COLLEGE RESIDENTIAL POPULATION GROWTH PROXIMATE TO NEIGHBORHOOD AMENITIES

3 PROPERTY DETAILS Address th Street, San Diego, CA 925 Property Type Exiting Improvements Existing Parking Planned # of Units Development Opportunity -2BD/BA homes totaling approx. 2,554 SF Two (2) Garages 2-0 units Parcel Number Land Area,248 SF 0.26 AC Price $,450,000 56TH STREET MADISON AVE DEVELOPMENT SUMMARY ZONING DENSITY MIX RM--8 du/800 SF 00% density bonus 0 units with Density Bonus The Seller reserves the right to sell the property at anytime during the marketing period without prior notice. The property will be sold on an as-is basis. It is the Buyer s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase th Street COLLIERS URBAN PROPERTY TEAM 5

4 M M 0 CONCEPTUAL PLAN TYPE # OF S SIZE Building Section 44'-0" TYP Studio S 9 79 SF,4 SF BD A 9 52 SF 4,707 SF BD A2 665 SF,995 SF BD A 55 SF,659 SF 2BD B 700 SF 2,00 SF 2BD B2 725 SF 2,75 SF 0 6,074 SF 50'-0" BMP 25'-0" 5'-0" GATE Aerial View from SE Level 75'-0" (MAX 50%) MA2 E LOBBY BIKES ELEC 8'-0" 9'-0" GARAGE: 20 CARS 8'-0" 9'-0" 8'-0" 24'-0" 8'-0" 9 8 9'-0" 9'-0" TRASH ALLEY SETBACK TRANSFORMER 20'-0" GAS METERS FLOOR ABOVE BMP 50'-0" 25'-0" 22'-0" 25'-0" Aerial View from NW Levels '-0" A2 E 22'-6" 2A A 4A 7S 6B 5B2 25'-0" A2 A A A B2 A2 A A A B2 A2 A A A B2 M PARKING '-0" 0A 26'-6" 9S 8S 20'-0" 28'-0" 6'-0" 28'-0" 4'-6" th Street COLLIERS URBAN PROPERTY TEAM 7

5 M M 2 CONCEPTUAL PLAN TYPE # OF S SIZE Building Section 4'-0" TYP B2 B2 B2 A A A A PARKING A A B2 B2 2 Studio S 4 2 SF,28 SF BD A 6 52 SF,8 SF BD A SF 846 SF 2BD B SF 2,800 SF 2BD B SF,625 SF 2,77 SF 50'-0" 25'-0" 5'-0" Level 75'-0" (MAX 50%) BMP B2 LOBBY 8'-0" 9'-0" GARAGE: 20 CARS 8'-0" 24'-0" 9 9'-0" 9'-0" GATE ALLEY Aerial View from SE BIKES ELEC 8'-0" 9'-0" 8'-0" 8 TRASH SETBACK TRANSFORMER 20'-0" GAS METERS FLOOR ABOVE BMP 50'-0" 25'-0" 22'-0" 25'-0" Levels 2-75'-0" 2B2 26'-6" 22'-6" A DECK 4A 5A 8S 7B 6B2 25'-0" Aerial View from NW 25'-0" B 0A 9S 20'-0" 28'-0" 2'-0" 4'-9" 4'-6" th Street COLLIERS URBAN PROPERTY TEAM 9

6 THE NEIGHBORS COLLEGE WEST MONTEZUMA RD MONTEZUMA RD COLLEGE EAST NEW NORTH & SOUTH CAMPUS Mixed-Use Retail Residential COLLEGE AVENUE.5 MILES - 4 MINUTE DRIVE TO SDSU ADAMS AVE 55 4 STREET TH MADISON AVE EL CAJON BLVD th Street COLLIERS URBAN PROPERTY TEAM

7 THE ESSENTIALS FANTASTIC STUDENT HOUSING SITE COLLEGE WEST COLLEGE EAST MONTEZUMA RD MONTEZUMA RD COLLEGE AVENUE COLLWOOD BLVD 54TH ST.5.5 MILES MINUTE 4 DRIVE TO TO SDSU ADAMS AVE 55 4 STREET TH MADISON AVE.6 MILES - 5 MIN DRIVE TO SDSU 5 MIN DRIVE TIME TO SDSU 5 MIN BIKE TIME TO SDSU 8 MIN BIRD TIME TO SDSU EL CAJON BLVD 25 MIN WALK TIME TO SDSU 6 RESTAURANTS WITHIN MILE BLOCK AWAY FROM COFFEE SHOP th Street COLLIERS URBAN PROPERTY TEAM

8 SALES COMPARABLES 2829 Broadway Sale Date: Pending Land Area: 8,750 SF List Price: $975,000 # of Units: 4 Price Per Unit: $70, Broadway Sale Date: 05/08/8 Land Area:,99 SF Sale Price: $,400,000 # of Units: 4 Price Per Unit: $00, Broadway Sale Date: 2/06/7 Land Area: 7,84 SF Sale Price: $475,000 # of Units: 8 Price Per Unit: $59, El Cajon Blvd Sale Date: /28/7 Land Area: 22,4 SF Sale Price: $2,600,000 # of Units: 52 Price Per Unit: $50,000 rd & Broadway Sale Date: 0/7/7 Land Area: 0,890 SF Sale Price: $400,000 # of Units: 7 Price Per Unit: $57, th Street COLLIERS URBAN PROPERTY TEAM 5

9 2 RENT COMPARABLES AZTEC CORNER 5504 MONTEZUMA ROAD 80 S BUILT: 998 SF BD 29.44% ,475 $,629 $2.8 BD 5.00% ,525 $,629 $2.8 2BD/2BA 6.67% ,50 $, $.9 2BD/2BA 8.89% 4 975,50 $, $.9 /AVG 00% ,500 $2,45 $.08 CAMPUS VILLAGE 5925 EL CAJON BLVD 89 S BUILT: 990 SF BD 4.49% ,20 $,609 $2.77 2BD/2BA 42.70% ,7 $2,20 $2.86 BD/2BA 52.8% ,46 $2,55 $2.58 /AVG 00% ,89 $2,24 $ PLAZA 650 EL CAJON BLVD 05 S BUILT: 987 SF BD 60.95% ,42 $,67 $2.47 2BD/2BA 9.05% ,9 $,68 $.95 /AVG 00% ,80 $,490 $2.2 BLVD EL CAJON BLVD 2 S BUILT: 204 SF BD/BA 7.77% ,562 $,87 $.55 2BD/2BA 2.8% 09,02 20,2 $,56 $2.86 BD/BA 7.8% 26,278,22 $,688 $2.89 4BD/4BA 4.57% 8,68 22,245 $4,72 $2.8 /AVG 00% 2,254 46,7 $,68 $2.89 MISSION PACIFIC TH STREET 2 S BUILT: 989 SF BD 0.6% ,974 $,50 $2.9 MONTEZUMA RD COLLEGE AVENUE 2BD/2BA 66.67% ,952 $2,46 $2.46 2BD/2.5BA.52% 2,000 2,000 $2,094 $2.09 BD/2BA 2.2% 28,05 0,940 $2,75 $2.49 /AVG 00% ,866 $2,4 $2.46 FAIRMOUNT AVE 4 4 FIFTY TWENTY-FIVE 505 COLLWOOD BLVD 260 S BUILT: 200 SF COLLWOOD BLVD 55 4 STREET TH 5 6 STUDIO 5.8% ,66 $,86 $.48 2BD/2BA 0.8% 79,004 79,6 $2,427 $ BD/4BA 4.2% 89,476,64 $4,67 $2.96 /AVG 00% ,296 $2,722 $2.86 EL CAJON BLVD th Street COLLIERS URBAN PROPERTY TEAM 7

10 DISCOVER THE AREA The College Area is a dynamic residential community situated south of the Interstate 8, just west of the City of La Mesa. First developed during the 90s, the College Area is home to San Diego State University, a portion of the historic El Cajon Boulevard commercial district, Alvarado Hospital, and countless charming and historic neighborhoods. The College Area reflects both tradition and change, and is home to a diverse mix of long-time residents and SDSU students, an evolving commercial corridor featuring new and established businesses catering to families and freshmen alike, and highly-anticipated annual events including the Boulevard Boo! Parade and Taste of the College Area-that celebrate this multifaceted community. LOCAL DEMOGRAPHICS Mile Mile 5 Mile Population (207) 42, , ,086 Project Population (2022) 4,458 25,98 605,587 Project Pop. Growth ( ) 2.% 9.6% 9.9% Total Daytime Population 2,9 206, ,28 Total Households,566 87,75 209,7 Avg. Household Size Avg. Household Income $64,998 $72,472 $78, th Street COLLIERS URBAN PROPERTY TEAM 9

11 JOE BRADY Senior Associate joe.brady@colliers.com Lic. No VICTOR KREBS Senior Vice President victor.krebs@colliers.com Lic. No La Jolla Village Drive, Suite 500 San Diego, CA 9222 Lic. No colliers.com/sandiego 208 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.