FOR SALE - LoopNet · Located within the proposed 44 acre, 125 lot community of Village . Oaks. The...
Transcript of FOR SALE - LoopNet · Located within the proposed 44 acre, 125 lot community of Village . Oaks. The...
FOR SALE SENIOR LIVING & COMMERCIAL PARCELS AT VILLAGE OAKSVillage Oaks Subdivision | Fluvanna County, VA
OFFERING MEMORANDUM
LAKE MONTICELLO
18 MILESTO CHARLOTTESVILLE
FOR MORE INFORMATIONPLEASE CONTACT
ROB STOCKHAUSEN Managing Director+1 434 284 [email protected]
GRANT BATES Associate+1 434 284 [email protected]
CBRE|CHARLOTTESVILLE 314 E Water St Charlottesville, VA 22902 T +1 434 974 7377 www.cbre.us/charlottesville
T A B L E O F C O N T E N T S03
THE MARKETMarket SummaryDemographics
01THE OFFERING Executive SummaryProperty Highlights
Site Plan
AERIALS & MAPSLifestyle MapArea Aerial
02
Located within the proposed 44 acre, 125 lot community of Village Oaks. The site plan calls for 103 single family lots, 22 townhouse lots, 40,000 SF of commercial space, an assisted living facility, a community clubhouse, and numerous community amenities such as parks, tennis courts, walking trails, and gardens.
Village Oaks is located opposite of the main gate of the Lake Monticel-lo community, which consists of 4,000 residential lots. Lake Monticello and the surrounding area is served by public water and sewer by Aqua Virginia.
A special permit has been approved for the assisted living parcel (2.342 acres PHASE II) by the Board of Supervisors. In Fluvanna, “Assisted Liv-ing” allows for independent senior apartments as long as the apartment management helps to arrange for the availability of certain services.
EXECUTIVE SUMMARY
PHASE 2 LOT
ACREAGE 2.342 acres*
ZONINGR3 - financial institutions, medical office, commercial offices, phar-macies, restaurants, retail stores
ASKING PRICE $445,000 | $190,000/acre
FUTURE DEVELOPMENT SITE (SENIOR CENTER)
ACREAGE 3.252 acres*
POSSIBLE UNITS 70
ASKING PRICE $700,000
*The entire 5.6 acres could be used for assisted living if desired by Pur-chaser. The Seller is willing to secure the entitlement for a strong offer.
Located adjacent to Lake Monticello
in Fluvanna County
https://southern-development.com/communities/village-oaks/
1 of 1 9/21/2018, 1:43 PM
https://southern-development.com/communities/village-oaks/
1 of 1 9/21/2018, 1:43 PM
VILLAGE OAKS COMMUNITY44 ACRE, 125 LOT COMMUNITY
Village Oaks is located at the main gate of the Lake Monticello Community
3.342 ACRESSENIOR CENTER
2.342 ACRES COMMERCIAL LAND
PHASE 2 LOT
ACREAGE 2.342 acres
ZONING
R3 - financial institutions, medical office, commercial offices, pharmacies, restau-rants, retail stores
FUTURE DEVELOPMENT SITE (SENIOR CENTER)
ACREAGE 3.252 acres
POSSIBLE UNITS 70
Lake MonticelloMain Entrance
Monticello
JeffersonVineyardsPiedmont Virginia
Community College
Universityof Virginia
CunninghamCreek Winery
Fruit HillOrchard
Thistle GateVineyard
AntiochBrewing CompanyJames River
Brewing
Lake MonticelloGolf Club
Laurel RidgeGolf Club
GlenmoreCountry Club
Spring CreekGolf Club
Bike Trail
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Located near Bike Route 76 which spans from the Cumberland Plateau and Appalachian Mountains to the lowlands of Hampton Roads. In Fluvanna, the route accounts for over 23 miles of roadway.
CHARLOTTESVILLE 18 MILESRICHMOND 55 MILESWASHINGTON, DC 118 MILESROANOKE 132 MILESBEACH/OCEANFRONT 164 MILES
Monticello
JeffersonVineyardsPiedmont Virginia
Community College
Universityof Virginia
CunninghamCreek Winery
Fruit HillOrchard
Thistle GateVineyard
AntiochBrewing CompanyJames River
Brewing
Lake MonticelloGolf Club
Laurel RidgeGolf Club
GlenmoreCountry Club
Spring CreekGolf Club
Bike Trail
2018 ESTIMATED DEMOGRAPHICS POPULATION 1 MILE 3 MILES 5 MILES2018 Population - Current Year Estimate 2,928 12,134 17,342
2023 Population - Five Year Projection 2,997 12,529 17,976
2010-2018 Annual Population Growth Rate 0.29% 0.61% 0.54%
2018-2023 Annual Population Growth Rate 0.47% 0.64% 0.72%
HOUSEHOLDS2018 Households - Current Year Estimate 1,182 4,680 6,256
2023 Households - Five Year Projection 1,210 4,831 6,496
2010-2018 Annual Household Growth Rate 0.26% 0.57% 0.62%
2018-2023 Annual Household Growth Rate 0.47% 0.64% 0.76%
2018 Average Household Size 2.48 2.59 2.61
HOUSEHOLD INCOME2018 Average Household Income $95,113 $95,192 $94,577
2023 Average Household Income $110,632 $111,369 $110,702
2018 Median Household Income $82,764 $83,041 $79,455
2023 Median Household Income $91,841 $92,389 $87,955
HOUSING VALUE 1 MILE 3 MILES 5 MILES2018 Median Value of Owner Occ. Housing Units
$264,980 $266,365 $270,327
2018 Average Value of Owner Occ. Housing Units
$306,128 $314,147 $338,216
PLACE OF WORK2018 Businesses 68 253 355
GENERATIONSGeneration Alpha (Born 2017 or Later)
65 272 351
Generation Z (Born 1999-2016) 698 2,926 3,850
Millennials (Born 1981-1998) 490 2,082 3,348
Generation X (Born 1965-1980) 643 2,756 4,079
Baby Boomers (Born 1946-1964) 639 2,735 3,981
Greatest Generations (Born 1945 or Earlier)
392 1,363 1,734
CHARLOTTESVILLE OVERVIEWCharlottesville is nestled in the shadows of the Blue Ridge Mountains in western Central Virginia. Named in honor of Princess Charlotte, the wife of George III, Charlottesville was settled in the 18th century on a hill overlooking the Rivanna River. Today the city proper has a population of more than 42,000 with a metropolitan population nearing 200,000. The City is still infused with the revolutionary ideals of the founding fathers who once called it home. It hails Thomas Jeffer-son’s memory, as it houses his stunning home and 5,000-acre plantation, Monticello, as well as his beloved University of Virginia. As the city’s number one employer, the historic University is an enormous financial asset to the community, providing it with a stable workforce.
The City offers a colorful variety of social, cultural and recreational activities and events. It con-tains 26 parks and an extensive series of walking trails that run through residential areas and the beautiful Rivanna River. An evening walk down city streets will reveal a creative community burst-ing with art, music and theatre. The downtown pedestrian mall is one of the most successful of its kind, boasting over 150 charming shops and award-winning restaurants. Several prominent amphitheaters and arenas often draw headline comedians, actors and musicians to the area. Popular activities among residents include world-class tennis, golf, hiking, ballooning, horseback riding and racing, tubing, fishing, biking, and antiquing. Charlottesville’s central location allows for countless daytrips and weekend getaways. A half-hour west is Skyline Drive, the Blue Ridge Parkway, and Shenandoah National Park, and a three-hour drive to the east brings you to sandy beaches. Richmond, the state capital, is just one hour away by car, and Washington, D.C., is just two hours north. Charlottesville averages over 200 days of sunshine a year. It is continually voted as one of the best places to live and do business in the country. The community has a reputation for having the best of both worlds — a small town atmosphere with convenient access to good jobs, fine dining and shopping.
MARKET SUMMARY AWARDS & RECOGNITION
AMERICA’S SMARTEST CITY
Lumosity.com 2013
#15ROMANTIC CITIES Livability.com 2013
MO
ST
TASTIEST TOWNS IN THE SOUTH Southern Living Magazine 2012
#5
“AMERICA’S BEST INTERGENERATIONAL COMMUNITIES”Met Life & Generations United 2012
ON
E O
F
BEST COLLEGE FOOTBALL TO
WN
Associate Press Readers
U.S. WINE REGIONS GIVING NAPA VALLEYA SERIOUS RUN FOR ITS MONEY Architectural Digest 2017
ONE OF SEVEN
SAFEST MID-SIZED CITIES IN THE COUNTRY
Farmers Insurance
#18
BEST PLACES TO LIVE Livability.com 2017
#5
#15
TASTIEST TOWNS IN THE SOUTH Southern Living Magazine 2012
BEST PLACES TO LIVE Livability.com 2017
#5
AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT
CBRE|Charlottesville operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE|Charlottesville nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE|Charlottesville will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE|Charlottesville. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and
you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE|Charlottesville. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE|Charlottesville.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE|Charlottesville.
FOR SALE SENIOR LIVING & COMMERCIAL PARCELS AT VILLAGE OAKS
Village Oaks Subdivision | Fluvanna County, VA
OFFERING MEMORANDUM
© 2018 CB Richard Ellis - Charlottesville, LLC The information contained in this document has been obtained from sources believed reliable. While CB Richard Ellis - Charlottesville, LLC does not doubt its accuracy, CB Richard Ellis - Charlottesville, LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CB Richard Ellis - Charlottesville, LLC and the CB Richard Ellis - Charlottesville, LLC logo are service marks of CB Richard Ellis - Charlottesville, LLC and/or its affiliated or related companies in the United States and other countries. All marks and photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
FOR MORE INFORMATIONPLEASE CONTACT
ROB STOCKHAUSEN Managing Director+1 434 284 [email protected]
GRANT BATES Associate+1 434 284 [email protected]
CBRE|CHARLOTTESVILLE 314 E Water St
Charlottesville, VA 22902 T +1 434 974 7377
www.cbre.us/charlottesville