SAND CANYON RANCH ESTATES 22 Approved Large Luxur y Estate Lots Rare Approved Tract Map for High-End Product in Supply Constrained Santa Clarita Market 2 to 5.74 Acre Lot Sizes Surrounded by Luxury Semi-Custom Production & Custom Homes Adjacent Neighborhood Re-Sales from $1M to $3.4M LOS ANGELES NEWHALL AVE City of Santa Clarita | Los Angeles County, CA SANTA CLARITA 14 Example Home Nearby RD SAN D CA NYON N N CANYO PLACERITA RD I N F O R MAT I O N A L PA C K A G E THE HOFFMAN COMPANY Southern California Office 18881 Von Karman Avenue, Suite 150 Irvine, CA 92612 T 949.553.2020 | F 949.553.8449 CA BRE #01473762 www.hoffmanland.com RoBott Land C O M P A N Y www.robottland.com The Hoffman Company Erik Christianson, CA BRE #01475105 T 949.705.0920 | echristianson@hoffmanland.com Steve Botthof, CA BRE #01131793 T 310.299.7574 x 101 | steve@robottland.com Larry Roth L a n d Br ok ers Realty Advisors T 310.299.7574 x 102 | larry@ robottland.com DISCLAIMER The information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Santa Clarita, County of Los Angeles California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company Organization (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller. This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller. Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers. The terms and conditions set forth above apply to this Brochure in its entirety. TABLE OF CONTENTS 1 Property Overview 2 Santa Clarita Market Overview 18-25 3 Nearby Projects of Interest 26-29 4 Santa Clarita Profile and Demographics 30-49 4-17 1 PROPERT Y OVERVIEW 1 PROPERT Y OVERVIEW VICINITY MAP 14 SITE N 5 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 1 PROPERT Y OVERVIEW DIREC TIONS MAP FROM I-5 TO HWY 14 NOR TH 14 SUBJECT SITE 5 DIRECTIONS FROM I-5 NORTH Take the I-5 North Merge onto CA-14 North Exit Placerita Canyon Road 14 Turn Right onto Placerita Canyon Road Turn Left onto Sand Canyon Road Site is on your left hand side at Sand Canyon Road and Cachuma Lane DIRECTIONS FROM CA-14 NORTH 5 Merge onto CA-14 N Antelope Valley Fwy North Exit Sand Canyon Road Turn Right onto Sand Canyon Road Site is on your Right hand side RoBott Land C O M P A N Y The Hoffman Company Informational Package 6 PROPERT Y OVERVIEW 1 S I T E D E TA I L Overview Community Amenities Sand Canyon Ranch Estates is comprised of 22 approved luxury estate lots on roughly Gated Entry: Canyon Estates is designed and approved as a secure gated community. 67.4 acres of raw land located in the city of Santa Clarita, CA. Nestled within the charm- The singular entry will have separate inbound and outbound remote controlled gates ing landscape of Santa Clarita and designed for luxury, Sand Canyon Ranch Estates will that will be monitored and maintained by the HOA. Secondary access is not required. provide future homeowners with a country living lifestyle - where spacious sophistication, captivating scenery and unrivaled excellence blend into one grand experience of Horse Trail: A horse trail will run east/west from the front of the smaller parcel to the beauty. back of the larger parcel. The trail will also traverse across the front entry at Sand Canyon Road. The trail links with the trail system already in place throughout the canyon Location serving the numerous equestrian properties and estates. Sand Canyon Estates is located on Sand Canyon Road in the City of Santa Clarita. Santa Clarita is in the Santa Clarita Valley and is 37 miles to the north west of downtown Los Project Size Angeles. Located directly on California State Highway 14 freeway corridor, drive time to +/- 67.4 Acres downtown Los Angeles is approximately 40 minutes. APN’s Opportunity Highlights 2841-018-039, 2841-018-043, 2841-018-042 1.) Location & Setting: This is a rare large property located within Los Angeles County 2841-018-061, 2841-018-062, 2848-008-007 and it’s population base of 9.8 million residents with immediate accessto Highway14 via Placerita Canyon Road and Sand Canyon Road. Property offers a rural setting Tract No. & Lots close to commercial services. Tract 63003 - 18 Lots (2 to 5.74 acres) on 56.44 total acres. Tract 62818 - 4 Lots (averaging 2.1 acres) on 8.42 total acres. 2.) Uniqueness: This is a unique opportunity to purchase a high end product deal in a good submarket with very few competing products. The rural nature of the area with Lot Sizes the oak tree groves, equestrian uses and country feeling are unique in being so close Minimum lot size of 2 acres ranging up to 5.74 acres (see lot matrix for more detail). to access to the job centers of the San Fernando Valley and Los Angeles. Bonds 3.) Timing of Submarket: The Santa Clarita valley currently has three approved and None at this time. funded large real estates projects which involve several billion dollars of construction HOA and will result in over 3,000 new jobs. To be formed. 7 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 1 PROPERT Y OVERVIEW S I T E D E TA I L Site Condition Lot Matrix Unimproved on-site. There are utilities in Sand Canyon Ranch Road. Water and sewer will be brought over the bridge to the property. (Tract #63003) Lot No. Gross Acres Lot No. Gross Acres 1 2.46 1 2.00 Entitlements 2 2.80 2 2.00 Currently the project consists of two recorded tentative tract maps. Tentative Tract Map 3 2.69 63003 is approved to subdivide into eighteen (18) lots, in conjunction with parcel map 3 2.28 4 2.59 4 2.14 63003, also known as Tentative Tract Map 62818 (4 lots) as approved by the Planning 5 3.14 6 5.74 Commission. The TTM is valid through August 2016, with a one-year extension available. Schools Newhall School District Elementary: McCrath Elementary | (2012 API Score: 896) Middle: Sierra Vista Junior High School | (2012 API Score: 858) 7 2.20 8 3.24 9 3.51 10 3.48 11 3.83 12 2.84 13 2.38 14 2.0 15 3.03 16 2.25 17 4.46 18 3.80 TOTAL: 56.44 ACRES Home Size Estimated to be from 3,900 to 5,600 square feet. High: Canyon High School | (2012 API Score: 803) RoBott Land C O M P A N Y (Tract #62818) The Hoffman Company Informational Package 8 TOTAL: 8.42 ACRES 1 PROPERT Y OVERVIEW C LO S E U P A E R I A L Custom Homes Re-Sales $1M - $3.4M TANNAHILL AVE SULTUS ST DIVER ST TheLN Preserve at Sand Canyon CACHUMA IR ON C N YO WA R RD M N RI SP GS 9 DR Sand Canyon Ranch Estates | SANTA CLARITA N MacMillan Ranch Re-Sales $1M - $2M Smaller Lots SOLD OUT Re-Sales $900k - $1.4M (Smaller Lots) AN YON RD SAND CAN RADCLAY ST RoBott Land C O M P A N Y The Hoffman Company 1 PROPERT Y OVERVIEW T R A C T M A P N O. 6 3 0 0 3 RoBott Land C O M P A N Y The Hoffman Company Informational Package 10 PROPERT Y OVERVIEW 1 T R A C T M A P N O. 6 2 8 1 8 11 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 1 PROPERT Y OVERVIEW A S S E S S O R ’ S PA R C E L M A P N RoBott Land C O M P A N Y The Hoffman Company Informational Package 12 1 PROPERT Y OVERVIEW A S S E S S O R ’ S PA R C E L M A P N 13 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 1 PROPERT Y OVERVIEW PROPER T Y PHOTOS RoBott Land C O M P A N Y The Hoffman Company Informational Package 14 PROPERT Y OVERVIEW 1 PROPER T Y PHOTOS 15 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 1 PROPERT Y OVERVIEW NEARBY HOME PHOTOS RoBott Land C O M P A N Y The Hoffman Company Informational Package 16 PROPERT Y OVERVIEW 1 NEARBY HOME PHOTOS Nearby Live Oak Court Adjacent MacMillan Ranch High End Community 17 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 2 SANTA CLARITA MARKET OVERVIEW S A N TA C L A R I TA MA R K E T O V E R V I E W 2 NEARBY HOME PHOTO 19 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 2 S A N TA C L A R I TA MA R K E T O V E R V I E W C U R R E N T L A N D L I S T I N G S ( S A N D C A N YO N R O A D R E G I O N ) Map Number RoBott Land C O M P A N Y The Hoffman Company 1 15329 Iron Canyon $ 2 (0) Pineview Road $ 3 10 Live Oak Circle $ 374,500.00 4 (0) Rolling Hills Avenue $ Informational Package Asking Price Acre Asking Price Property Address 449,000.00 Land Size (Acres) Link to Photos or Videos of Home $ 223,383.08 2.01 3,000,000.00 $ 77,061.39 38.93 $ 188,190.95 1.99 http://www.trulia.com/property/3082124715-10Live-Oak-Cir-Canyon-Country-CA-91387 400,000.00 $ 198,019.80 2.02 http://www.trulia.com/property/3172440707-Rolling-Hills-Ave-Canyon-Country-CA-91387 20 http://www.reneedannull.com/propertyDetail.asp ?PropertyID=50 http://www.californiamoves.com/property/details /2605732/MLS-F12089681/0-Pineview-CanyonCountry-CA-91387.aspx 2 S A N TA C L A R I TA MA R K E T O V E R V I E W C U R R E N T L A N D L I S T I N G S ( S A N D C A N YO N R O A D R E G I O N ) | LO C AT I O N M A P RD SOLEDAD CANYON PR IN SI C ES 14 S A 4 N RD YO SAND CAN 2 PLACERITA CANYO NR 1 D N VIA ER R AH WY 3 21 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 2 S A N TA C L A R I TA MA R K E T O V E R V I E W C U R R E N T R E S I D E N T I A L L I S T I N G S ( S A N D C A N YO N R O A D R E G I O N ) Map Number RoBott Land C O M P A N Y The Hoffman Company Property Address Asking Price Asking Price PSF Year Age of Home Built (# Yrs Old) Bed Bath House Size Lot Size (Acres) Pool 1 26920 Rolling Hills Avenue $ 3,495,000.00 $ 426.38 1989 26 8 8 8,197 4.95 Yes 2 27502 Trail Ridge Road $ 2,950,000.00 $ 409.72 1991 24 4 6 7,200 2.38 Yes 3 16850 Diver Street $ 2,224,900.00 $ 364.26 2007 8 5 5 6,108 1.99 Yes 4 15124 Live Oak Springs Canyon Road $ 1,875,000.00 $ 291.38 2004 11 6 6 6,435 0.97 Yes 5 26650 Macmillan Ranch Road $ 1,799,000.00 $ 249.51 1987 28 6 8 7,210 1.89 Yes 6 28445 Oak Srping Canyon Road $ 1,650,000.00 $ 477.43 1964 51 2 2 3,456 29.07 Yes 7 27013 Cliffie Way $ 1,550,000.00 $ 276.79 2003 12 7 9 5,600 1.28 Yes 8 26334 Macmillan Ranch Road $ 1,500,000.00 $ 287.14 1986 29 6 5 5,224 1.98 Yes 9 26931 Whitehorse Place $ 1,395,000.00 $ 248.22 1988 27 6 6 5,620 1.02 Yes 10 14907 Live Oak Springs Canyon Road $ 1,388,000.00 $ 277.32 2001 14 5 6 5,005 1.07 Yes 11 15004 Live Oak Springs Canyon Road $ 1,368,000.00 $ 292.25 2005 10 5 6 4,681 0.40 Yes 12 15355 Michael Crest Drive $ 1,295,000.00 $ 302.85 1997 18 5 4 4,276 0.56 Yes 13 16138 Live Oak Circle $ 1,275,000.00 $ 324.02 2015 0 5 5 3,935 1.00 Yes 14 27827 Rolling Hills Avenue $ 1,199,000.00 $ 315.53 2001 14 5 4 3,800 5.34 Yes 15 15035 Live Oak Springs Canyon Road $ 1,099,000.00 $ 234.78 2004 11 5 5 4,681 0.46 Yes 16 25757 Pacy Street $ 1,025,000.00 $ 251.78 1982 33 3 5 4,071 1.24 Yes 17 16106 Live Oak Springs Canyon Road $ 391.7647059 1976 39 4 3 2,550 1.00 Yes Informational Package 999,000.00 22 2 S A N TA C L A R I TA MA R K E T O V E R V I E W C U R R E N T R E S I D E N T I A L L I S T I N G S ( S A N D C A N YO N R O A D R E G I O N ) | LO C AT I O N M A P 6 RD SOLEDAD CANYON WY 14 PR IN SI C 10 11 7 15 2 ES 14 4 S A 12 1 9 3 8 PLACERITA CANYO NR N RD YO SAND CAN 5 16 D N VIA ER R AH 13 17 23 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 2 S A N TA C L A R I TA MA R K E T O V E R V I E W H O U S I N G S A L E C O M P S ( R E S A L E S | N E A R S A N D C A N YO N R A N C H / PA S T 9 M O N T H S Map Number RoBott Land C O M P A N Y The Hoffman Company Property Address Sale Price Sale Price PSF Sale Date Year Age of Home House Bed Bath Built (# Yrs Old) Size Lot Size Pool 1 16152 Live Oak Circle $ 1,980,000.00 $ 324.22 5/23/2014 2007 8 4 6 6,107 1.45 Yes 2 14902 Live Oak Springs Canyon $ 1,359,000.00 $ 250.78 4/30/2014 2001 14 5 6 5,419 0.43 Yes 3 16539 Sultus Street $ 1,350,013.00 $ 273.67 4/28/2014 2000 15 4 7 4,933 1.95 Yes 4 27214 Appaloosa Road $ 1,330,500.00 $ 288.36 9/16/2014 2001 14 5 5 4,614 1.21 Yes 5 27262 Sand Canyon Road $ 1,295,000.00 $ 201.37 6/5/2014 2012 3 4 7 6,431 2.73 No 6 15750 Sandyoak Lane $ 1,250,000.00 $ 250.90 10/15/2014 1987 28 4 4 4,982 1.08 Yes 7 27012 Cliffie Way $ 1,225,000.00 $ 261.70 12/31/2014 2004 11 5 6 4,681 0.32 Yes 8 26443 Macmillan Ranch Road $ 1,200,000.00 $ 252.74 7/29/2014 1984 31 5 5 4,748 1.94 Yes 9 26649 Macmillan Ranch Road $ 1,190,000.00 $ 287.79 12/17/2014 1987 28 4 5 4,135 2.14 Yes 10 25822 San Canyon Road $ 1,150,000.00 $ 244.99 10/24/2014 1987 28 4 4 4,694 2.08 Yes 11 27751 Sand Canyon Road $ 1,100,000.00 $ 173.06 7/23/2014 24 5 5 6,356 2.17 Yes Informational Package 24 1991 2 S A N TA C L A R I TA MA R K E T O V E R V I E W H O U S I N G S A L E C O M P S ( R E S A L E S | LO C AT I O N M A P SOLEDAD CANYON RD 1 WY 11 PR IN SI C 7 ES 14 S A 5 3 YON RD SAND CAN 6 9 8 10 PLACERITA CANYO NR D N VIA ER R AH 2 4 25 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 3 NEARBY PROJECTS OF INTEREST 3 NEARBY PROJEC TS OF INTEREST LO C AT I O N M A P 1 Needham Industrial Park 4 SOLEDAD CANYON & SAND CANYON ROAD Needham Ranch is 145 acres with 4.2M sq. ft. to be developed. Phase I development will include vertical construction in Q4 2015 with 1.0M sq. ft. of office/flex, 3 VISTA CANYON industrial/R&D and retail space. 2 Disney | ABC Studios @ The Ranch 14 Once complete The Ranch will create over 2,800 jobs and generate $533 Million in Annual Economic Activity throughout Los 2 DISNEY | ABC STUDIOS @ THE RANCH Angeles County. 3 SUBJECT SITE Vista Canyon 8 Acres Entitled for 330 Residential Units (Planning Area 1 of a 185 Acre Approved Specific Plan – Master Planned TransitOriented Community). Currently on the 1 NEEDHAM INSUSTRIAL PARK market. PA1 is expected to sell for $25M ($80k/door). Soledad Canyon & Sand Canyon Road Proposed 85 Acre Mixed Use Project with 580 residential units and 116,000 square feet of commercial development. 5 210 N 4 5 27 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 3 NEARBY PROJEC TS OF INTEREST PROJECTS OF INTEREST These four projects represent nearly 500 acres of land development, along with billions of dollars of construction, and should bring an aggregate of several thousand jobs to the Santa Clarita Valley (SCV). 1 | Needham Industrial park 2 | Disney | ABC Studios @ The Ranch WY RA H SIER 14 RoBott Land C O M P A N Y The Hoffman Company Informational Package 28 NEARBY PROJEC TS OF INTEREST 3 PROJECTS OF INTEREST 3 | Vista Canyon 4 | Soledad Canyon and Sand Canyon Road 29 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 SANTA CLARITA PROFILE & DEMOGRAPHICS 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S AREA OVERVIEW AND DEMOGRAPHICS Area Description and Demographics The nearby master planned community of Valencia and downtown district of City of SUBJECT SITE Santa Clarita is due west of Sand Canyon by only 10 miles. Valencia boasts a high end regional shopping center, Valencia Town Center with stores such as Macy’s, Abercrombie, Disney and Apple. There is an abundance of dining opportunities, entertainment venues, golf and outdoor sports facilities. Higher education is available at College of the Canyons, a private liberal arts college, and California Institute of the Arts. The Henry Mayo Hospital located in Valencia is a regional trauma center and provides advanced treatments for stroke, spine injury and disease, cancer, breast cancer, and cardiovascular disease. Burbank Airport (25 Min Drive) Sherman Oaks (20 Min Drive) West Los Angeles (30 Min Drive) N 31 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S V I S TA C A N YO N A N D S A N TA C L A R I TA VA L L E Y O V E R V I E W Located just 30 miles north of downtown Los Angeles, the Santa Clarita Valley is one of Southern California’s premier destinations to live, work and play. The area boasts one of the best quality of life ratings in California and offers: • Award winning public schools and colleges • A well-educated and highly skilled workforce • A clean and amenity-rich environment offering a variety of shopping and recreational opportunities • A bustling and diverse local economy led by the primary industry clusters of Digital Media/Entertainment, Aerospace/Defense, BioMed, and Technology companies • One of the safest areas in the Nation (FBI Total Crime Index) Population The above attributes are attracting both new residents and employers to the Santa Clarita Valley. The Santa Clarita Valley has been recognized by CNN Money Magazine as “one of the best places to live in California.” Santa Clarita Valley’s population has grown by nearly 35% over the past decade to over 278,000 and is projected to grow an additional 6.77% over the next five (5) years. The increase is largely due to higher in-migration and the natural increase, as well, remains positive. New migrants are generally workforce age adults and their families. Greater new job creation in the Santa Clarita Valley will attract more people into the region, increasing housing demand. Projections on population growth, show that the Santa Clarita Valley is on pace to add another 30,000 people by 2018. RoBott Land C O M P A N Y The Hoffman Company Informational Package 32 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S P O P U L AT I O N M A P Antelope Valley ±475,000 Santa Clarita Valley ±275,000 pro Ap 1 Mile N San Fernando Valley ±1,800,000 x. 3 0 Mil es SUBJECT SITE 33 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S C A L I F O R N I A S TAT E R O U T E 1 4 ( S R 1 4 ) Local Major Access and Transportation Infrastructure The Antelope Valley Freeway (SR14) begins in the Santa Susana Mountains at the Newhall Pass interchange by splitting from the Golden State Freeway 14 (Interstate 5). This area is the busiest portion of the route with an annual average daily traffic count of 169,000 vehicles per day. From Santa Clarita, travel time is about a 35 minute drive to Lancaster and a 35 minute drive to West Los Angeles. SUBJECT SITE Future predictions call for continued growth along the Route 14 corridor, including predictions of a tripling Palmdale population by 2030. In response, multiple government agencies have proposed adding more transportation arteries between Los Angeles and the Antelope Valley, as well as expanding the capacity of the existing Route 14 and rail corridors. Several proposals have been made to bypass the Antelope Valley Freeway by boring a tunnel underneath the San Gabriel Mountains and extending the Glendale Freeway through it to the Antelope Valley. In 2003, Caltrans published a map showing potential improvements to the transportation infrastructure of Southern California. The proposal showed both the un-constructed portion of Route 14, as well as new routes over or under the mountains to Antelope Valley. In 2005, the idea was advanced as a combination toll tunnel and surface highway. Preliminary studies estimated costs around $3 billion and suggested charging a varying toll, adjusted for the time of day, averaging around $8 for one way passage. Drive Time from Sand Canyon Ranch Estates San Fernando Valley: 10 Minutes Burbank Airport:20 Minutes Glendale:25 Minutes UCLA:30 Minutes Downtown LA:35 Minutes LAX:45 Minutes N RoBott Land C O M P A N Y The Hoffman Company Informational Package 34 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S R E TA I L A E R I A L ROBINSON RANCH Westfield Valencia Town Center (1.2 Million SF Regional Mall) The Plaza at Golden Valley (600k SF REtail Center) 14 Valencia Marketplace CLUBHOUSE (750,000 SF Retail Center) SUBJECT SITE 5 N WESTFIELD VALENCIA TOWN CENTER VALENCIA MARKETPLACE 35 THE PLAZA AT GOLDEN VALLEY Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S A R E A AT T R A C T I O N S 2 1 5 4 14 SUBJECT SITE 5 3 6 N RoBott Land C O M P A N Y The Hoffman Company Informational Package 36 1 The Westfield Valencia Town Center 2 Six Flags Magic Mountain & Hurrican Harbor 3 Placerita Canyon State Park 4 Robinson Ranch Golf Club 5 Santa Clarita performing Arts Center 6 Old Town Newhall S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S 4 A R E A AT T R A C T I O N S 1. The Westfield Valencia Town Center and its new outdoor district, The Patios, as well championship-style golf courses to historic points of interest, spectacular open space as the adjacent Town Center Drive offer shoppers over two million square feet of pe- recreational areas and a growing arts community. destrian-friendly shopping, dining and entertainment destinations within the heart of Santa Clarita. The nearby Valencia Auto Center features an outstanding array of brands 2. The Santa Clarita Valley reigns as the “rollercoaster capital of the world”, with the Six to choose from, including luxury nameplates like Acura, Mercedes Benz, BMW, Lexus Flags Magic Mountain theme park and the Six Flags Hurricane Harbor water park at- and Infiniti. tracting more than three million visitors annually. Other major shopping destinations in the Santa Clarita Valley include The Plaza at Golden Valley with 619,000 square feet of highly visible retail space and over 10 restaurants; the parklike Bridgeport Marketplace lifestyle center; and the Centre Pointe Marketplace, which contains Sam’s Club, WalMart, and Dick’s Sporting Goods, anchor to the 240-acre 3. Placerita Canyon State Park is a picturesque canyon featuring cool, shaded oak master planned Centre Pointe Business Park. groves, a willow and sycamore-lined seasonal stream, sandstone formations and numerous other interesting plant and animal communities. The site is home to California’s A lifestyle destination offering year-round sunshine and activities, the Santa Clarita Val- original gold discovery in 1842 and has been designated as a State Historic Landmark. ley is filled with entertainment options ranging from world renowned theme parks and The park is approximately 6 miles from Vista Canyon and is comprised of a Nature Cen- 37 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S A R E A AT T R A C T I O N S ter, remnants of a historic ranch and a network of self-guiding nature, history and hiking 5. The $18 million Santa Clarita Performing Arts Center features a spectacular 900 seat trails which radiate out into the park from the Center. Longer hikes lead to a seasonal theater with a state-of-the-art sound system, showcasing professional and community waterfall and to the top of the Santa Clarita Divide. Situated in the transition zone be- entertainment. tween the San Gabriel Mountains and the Mojave Desert, the park’s location provides significant linkages connecting the Angeles National Forest, the Santa Susana Mountains, the Simi Hills and the Santa Monica Mountains. 4. Robinson Ranch Golf Club, less than 1 mile from Vista Canyon, is surrounded by the spectacular Angeles National Forest. The golf club offers two 18-hole courses on par with any world-class private club, yet they are open to the public. Designed by Ted Robinson, ASGCA, the Mountain course has a 72.1 course rating and the Valley course has a 74.5 course rating. The two courses sit on over 400 6. Old Town Newhall, recently revitalized, brings together a small town feel and cos- acres of unspoiled, unpretentious beauty and meander through untouched stands of mopolitan appeal. This new arts and entertainment district brings together boutique the sage and chaparral, gorgeous waterfalls, California Sycamores and Coastal Live Oaks. shopping, fine and casual dining and cultural and civic amenities to create a distinctive downtown experience. The area also boasts some of California’s most sought after championship golf courses, with three of the top ten courses in Los Angeles County. Those with active lifestyles will also appreciate the 52 miles of scenic trails for bikers, joggers and hikers, the worldclass Aquatic Center and opportunities for hockey and figure skating at the Ice Station Valencia. RoBott Land C O M P A N Y The Hoffman Company Informational Package 38 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S E M P LOY M E N T M A P IAC Commerce Center Mann Biomedical Park Valencia Commerce Center Rye Canyon Business Park Valencia Industrial Center Valencia Corporate Business Park 126 Centre Pointe Saugus Station Industrial Center Estrada North SUBJECT SITE 14 Needham Ranch 5 39 210 Sand Canyon Ranch Estates | SANTA CLARITA N 5 RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S E M P LOY M E N T In addition to the population growth, major corporations are moving to the Santa Clar- Job growth rebounded in 2011 and continues to accelerate despite the low ita Valley in record numbers. Industry leaders such as Princess Cruises, Quest Diagnos- vacancies in the area. The Santa Clarita Valley’s labor market has now rebounded, tics, Woodward HRT (formerly H.R. Textron), Advanced Bionics, Pharmavite, Aerospace producing more jobs in 2013 than in the previous five years. The creation of jobs Dynamics International, ITT Aerospace Controls, AMS Fulfillment, Arvato Digital Ser- will continue to accelerate this year, and the unemployment rate will decline further. vices, Wesco Aircraft, TA Manufacturing, Remo Drum, Contractors Wadrobe, Remo Inc., Shield Healthcare and Flextronics call the area home. Sunkist recently relocated from Los Angeles, purchased a building, and moved into 50,000 square feet of space in late Fall, 2014. Major expansions by existing SCV companies continue in the area including Disney, who is building a new $250M studio complex in close proximity to Vista Canyon, and Aerospace Dynamics International, who is completing a new 140,000 SF building, their 7th building in the area. Major Employers CompanyLocation2013 (Head Count of Employees) Six Flags Magic Mountain Valencia 2,230 William S. Hart Union School District Santa Clarita Valley 2,988 Saugus Union School District Santa Clarita 1,900 College of the Canyons Valencia 1,603 The strong job growth has reduced the local area unemployment rate to 5.2% as compared to 8.5% for Los Angeles County, 7.4% for California and 6.1% for the Nation, further reflecting the strong local economy with all sectors adding jobs. Princess Cruises Valencia 1,625 Henry Mayo Newhall Memorial HospitalSanta Clarita 1,356 U.S. Postal Service Santa Clarita 1,564 Quest Diagnostics Valencia 850 Newhall School District Valencia 854 The Master’s College Santa Clarita 841 Source: California Economic Forecast and the Santa Clarita Valley Business Journal RoBott Land C O M P A N Y The Hoffman Company Informational Package 40 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S 4 M A J O R N E W E M P LOY M E N T C E N T E R S In addition to the commercial areas of Vista Canyon, several major employment Golden Oak Ranch is located within what is known as the “Thirty Mile Zone” (or “The centers are in planning and scheduled to break ground later this year including: Zone”), which encompasses the largest concentration of studiorelated activities and most popular film locations in California. With the addition of new soundstages and Disney | ABC Studios at the Ranch production facilities, The Disney | ABC Studios at The Ranch project will complement the Located approximately 2 miles south of Vista Canyon, Disney | ABC Studios at The Ranch area’s television and motion picture production business. As a result, Disney |ABC Stu- will be constructed on a 56-acre portion of the property, which accounts for approxi- dios at The Ranch will create thousands of new jobs and energize business throughout mately 6% of the entire 890-acre Golden Oak Ranch property. The estimated $250M Los Angeles County and the City of Santa Clarita. project will provide development of state-ofthe-art studio uses and associated film and television production facilities on the westernmost portion of the Ranch. Specifically, the proposed project will provide up to 12 soundstages, production offices, a warehouse, writers/producers bungalows, a commissary with associated amenities and an administration building. Build out of the proposed project would total approximately 510,000 square feet. The project is fully approved and construction is planned to begin in late 2014. Economic Impact: During Construction Disney | ABC Studios at The Ranch will generate during construction: • 3,152 jobs • $522 million in direct economic activity throughout Los Angeles Economic Impact: At Full Buildout Disney | ABC Studios at The Ranch will generate at full buildout: • 2,854 of permanent full and part-time jobs • $533 million in annual economic activity throughout Los Angeles County • $1.3 million in new annual revenues to Los Angeles County • $26 million in new annual revenues to the state of California Once completed, Disney | ABC Studios at The Ranch will create over 2,800 jobs and generate $533 Million in Annual Economic Activity throughout Los Angeles County, including $200,000 in new annual revenues to the City of Santa Clarita. 41 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S M A J O R N E W E M P LOY M E N T C E N T E R S IAC Commerce Center IAC Commerce Center is a planned 75 acre business park which will add approximately 1.3 million square feet of new technology and industrial buildings to the area. The business park will be located at the terminus of Witherspoon Parkway along the western edge of the existing Witherspoon Parkway in the Valencia Commerce Center. The project is situated one mile west of Interstate 5 at Hasley Canyon Exit and 1.5 miles north of Highway 126 at Commerce Center Drive Exit. The project is currently scheduled to break ground in the 3Q of 2014. RoBott Land C O M P A N Y The Hoffman Company Informational Package 42 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S 4 M A J O R N E W E M P LOY M E N T C E N T E R S Needham Ranch Located approximately 5 miles from Vista Canyon, Needham Ranch is scheduled to break ground by 2014 on the first phase of approximately 50 acres. Full build-out of the site under the current plan would involve the development of approximately 160 acres with office, technology and industrial uses. This acreage would accommodate up to 4.2 million square feet of industrial space. 43 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S E D U C AT I O N Located either in or near the City of Santa Clarita are four well-known colleges whose total enrollment exceeds 58,000 students. College of the Canyons College of the Canyons is the fastest growing community college within California. The public two-year college campus is located on 153.4 acres of rolling, tree-dotted hills in the incorporated City of Santa Clarita in northern Los Angeles County, California. Over 100 programs are offered that lead to certificates, degrees, and transfer preparation in the areas of the arts, sciences and career technical education. According to the most recent California Community Colleges Chancellors Office ‘Student Success Scorecard’, College of the Canyons achieved the highest student completion rate among the 21 community college campuses located in Los Angeles County. The class of 2014 represented the largest number of students who petitioned for graduating in school history, roughly a two percent increase from the prior year and the average GPA was 3.06. The campus features a 926-seat performing arts center, built in partnership with the City of Santa Clarita that offers academic, community and professional productions. In 2007, the college opened a Canyon Country campus on a 70-acre site. University Center details: https://www.canyons.edu/Offices/UniversityCenter/Pages/information.aspx The California Institute of the Arts The California Institut of the Arts colloquially called CalArts, is a private university located in Valencia, California. The campus occupies 60 acres on hills overlooking the incorporated City of Santa Clarita, which encompasses the towns of Valencia, Newhall, Saugus and Canyon Country. The center of the campus is a sprawling five-level, 500,000-squarefoot building. The school was founded and created by Walt Disney in the early 1960s and was created specifically for students of both the visual and the performing arts. It is authorized by the Western Association of Schools and Colleges (WASC) to grant Bachelor of Fine Arts and Master of Fine Arts in the visual, performing, and literary arts. The Herb Alpert School of Music was accredited in 2009 to grant a Doctorate of Musical Arts. RoBott Land C O M P A N Y The Hoffman Company Informational Package 44 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S 4 E D U C AT I O N The Master’s College Santa Clarita’s population is well-educated with 65 percent of adults at least 25 years The Master’s College is a private non-denominational, conservative Christian liberal arts of age having an undergraduate college degree or higher. People in the City are more college located in Santa Clarita. Established in 1927, the college has been ranked sec- educated when compared to the Los Angeles County average, in which only 54 percent ond in the West as one of America’s Best Colleges by U.S. News & World Report (2006- have attained some college or higher. This indicates a greater likelihood for profession- 2007 & 2008 editions) in the category of Best Comprehensive Baccalaureate Colleges. als and technical employees to reside in the City. This marks the eighth year in a row that The Master’s College was listed in the top tier of Western Region Baccalaureate Colleges. California State University, Northridge (CSUN). Located approximately a twenty minute drive south from Santa Clarita is California State University, Northridge (CSUN). CSUN is a vibrant, diverse university community of over 36,000 students and more than 4,000 faculty and staff, sited on a 356-acre campus in the heart of Los Angeles’ San Fernando Valley. Cal State Northridge is committed to the educational and professional goals of students, and to extensively servicing the community. With nine colleges, CSUN offers 64 baccalaureate degrees, 58 master’s degrees, 2 professional doctorate degrees, 55 teaching credential programs in the field of education, and various opportunities in extended learning and other special programs. Santa Clarita Area Educational Institutions College Enrollment California Institute of the Arts 1,441 The Master’s College 1,198 College of the Canyons - 2 Campuses 17,929 California State University, Northridge 36,070 TOTAL56,638 45 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S S A N TA C L A R I TA VA L L E Y S I N G L E FA M I LY R E S I D E N T I A L M A R K E T Ave ra ge N ew Hom $65 1 ,0 e Price 79 Ave ra ge N ew Hom $53 6,1 e Price 64 Ave ra 126 ge N ew Hom $62 2,4 e Pr 23 ice Ave ra ge R $1 , esa le H 311 ome Price ,77 4 5 14 5 N Source: Real Estate Economics | Data as of 02/02/2015 RoBott Land C O M P A N Y The Hoffman Company Informational Package 46 210 SUBJECT SITE S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S 4 LO S A N G E L E S The Property is located within Los Angeles County, which is the economic center of Southern California. Overall, the dynamic Southern California market has consistently outperformed the state over the last several years and is expected to continue to do so for years to come. With 10.4 million residents, Los Angeles is not only the largest county in the country, but also leads the entire southwestern United States in multiple economic indices. In fact, Los Angeles County’s Gross Domestic Product of $827.60 billion (2013) is the second largest metropolitan GDP in the U.S., only to be exceeded by New York City’s GDP. Such productivity is accomplished through the efforts of one of the largest and most qualified work forces in the country. Los Angeles, with its coveted lifestyle and vast network of educational facilities, is able to attract and train some of the most talented workers in the world. Nearly 5 million people, including approximately 1 million college graduates, comprise the network of Los Angeles workers that drive the area’s economy. 47 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company 4 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S LO S A N G E L E S The Los Angeles County transportation network is dominated by an extensive freeway system. The existing approximate 1,700 mile network of freeways provides convenient access to most areas within greater Los Angeles. The Property is adjacent to Highway 14, the primary North-South thoroughfare through the Western United States, and is in close proximity to the 101, 5, 405, 118, and 210 freeways, which provide unparalleled access to the entire Los Angeles area, as well as Southern and Northern California. Los Angeles has constructed a vast infrastructure of freeway and rail systems, six airports and two shipping ports to accommodate the extensive needs of the vibrant economy. The people, educational facilities, attractive climate and infrastructure have enabled Southern California and Los Angeles County to emerge as a leading business, trade and cultural center. Airports Los Angeles International Airport (LAX), located 50 minutes south of the Property, is the sixth busiest airport in the world and third busiest in the United States, offering 680 daily flights to 96 domestic cities and 910 weekly nonstop flights to 59 cities in 30 countries on 60 commercial air carriers. It ranks 14th in the world and fifth in the U.S. in air cargo tonnage processed. In 2013, LAX served over 66.6 million passengers, processed over 1.9 million tons of air cargo valued at over $86.9 billion (expected to grow at 4.3% annually for the next fifteen years), and handled 614,917 aircraft operations (landings and takeoffs). With its increasingly expanding air cargo system, LAX is a commerce leader, benefiting from modern facilities and excellent land, sea and air links. Bob Hope Airport in Burbank, located approximately 25 minutes south of the Property, is arguably the best location for access to and from the San Fernando Valley, Los Angeles, Ventura County and the Santa Clarita Valley. It’s situated midway between Los Angeles and Santa Clarita Valley, and is approximately 17 miles from the Property. Hosting commercial airline carriers such as Alaska Airlines, Jet Blue and Southwest Airlines, Bob Hope Airport provides convenient access to nearby business centers and commercial markets. RoBott Land C O M P A N Y The Hoffman Company Informational Package 48 S A N TA C L A R I TA P R O F I L E & D E M O G R A P H I C S 4 LO S A N G E L E S Ports The ports of Long Beach and Los Angeles, located approximately 1 hour south of the Property comprise the third largest port complexes in the World (“Hub of the Pacific Rim”). One third of all U.S. waterborne international trade depends on these ports to reach the market. The ports are expected to double their current cargo load, valued at more than $157 Billion annually by 2020. The ports and their related trade activities form a cornerstone of the Los Angeles economy. The $2.4 Billion Alameda Corridor is completed. This 20-mile rail freight corridor extends from the ports of Los Angeles and Long Beach to the transcontinental rail yard in downtown Los Angeles. It will create over 80,000 jobs directly and indirectly throughout California over the next four years. The Alameda Corridor can deliver containers from the ports of Los Angeles and Long Beach to its rail yard terminus in 15 minutes. Rail Services The Metrolink Commuter Rail connects the Santa Clarita Valley with downtown Los Angeles, the Burbank Airport and numerous other important stops along the way. Vista Canyon will be home to one of these stations (one of the three) in the Santa Clarita Valley. SUBJECT SITE 49 Sand Canyon Ranch Estates | SANTA CLARITA RoBott Land C O M P A N Y The Hoffman Company RoBott Land C O M P A N Y The Hoffman Company L a n d Br ok ers Realty Advisors THE HOFFMAN COMPANY Southern California Office 18881 Von Karman Avenue, Suite 150 Irvine, CA 92612 T 949.553.2020 | F 949.553.8449 CA BRE #01473762 www.hoffmanland.com