Cooke Parcel
FOR SALE DEVELOPMENT OPPORTUNITY
Cooke Parcel Vallejo, California
Offering Memorandum (Updated September 2015)
Asking Price: $17,500,000 Additional Info Available with completion of Confidentiality Agreement
HOME HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
On behalf of the Cooke Charitable Foundation, Cushman & Wakefield and Coldwell Banker are pleased to present this unique development opportunity. On the market for the first time in over 50 years, this property consists of a main 51.26 acre parcel which is located on Admiral Callaghan Lane between Turner Pkwy and Rotary Way, in close proximity to the interchange of Interstate 80 and Highway 37. One of the last highly desired infill development parcels with excellent freeway visibility remaining in the Bay Area along the Interstate 80 corridor. The site is currently zoned Pedestrian Shopping & Services District and this liberal zoning designation allows for a wide variety of uses. Additionally, the City of Vallejo is updating the General Plan in 2016, which will allow for a potential developer to get involved from the start and help craft the future of this site and the City of Vallejo! Additionally, a smaller 1.5 acre parcel is located across Interstate 80.
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
Property Highlights:
51.26 Acre & 1.5 Acre infill development opportunities
Interstate 80 frontage (approx. 104,673 cars per day, 2012 Cal Trans)
Located near Interstate 80 and Hwy 37 interchange
Adjacent to prominent retail centers and major residential developments
Liberal zoning designation (Pedestrian Shopping & Services, City of Vallejo). Small parcel is zoned High Density Residential
Major General Plan update in process which provides an opportunity to participate early-on in planning process.
Dove-tail with “Solano 360” fairgrounds redevelopment
SITE
SITE
SITE
SITE
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
Property Information Main Parcel: •
APN:
0081-490-010
•
Size:
51.26± acres
•
City:
Vallejo
•
County:
Solano
•
Zoning:
Pedestrian Shopping & Service
•
General Plan*: Major update currently in process
•
Status:
•
Adjacent Uses: Retail & residential
Undeveloped infill parcel
*For more information and status on the General Plan update process, please contact: Andrea Ouse Community & Economic Development Director City of Vallejo [email protected] (707) 648-4163 View General Plan updates at propelvallejo.com
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
Property Information Small Parcel: •
APN:
0052-320-250
•
Size:
1.50± acres
•
City:
Vallejo
•
County:
Solano
•
Zoning:
High Density Residential
•
General Plan*: Major update currently in process
•
Status:
•
Adjacent Uses: Residential & Fairgrounds
Undeveloped infill parcel
*For more information and status on the General Plan update process, please contact: Andrea Ouse Community & Economic Development Director City of Vallejo [email protected] (707) 648-4163 View General Plan updates at propelvallejo.com
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
other adjacent retailers:
Solano 360 Redevelopment Site
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
Solano 360 - Fairground Redevelopment: On September 30, 2008, the Solano County Board of Supervisors voted to conduct a visioning process for the future of the Solano County Fairgrounds. The cooperative effort between the County & City of Vallejo explored a range of potential land uses & economic development opportunities for the future of the 149-acre property. Out of this Visioning Process came the Solano360 Vision Report, which was unanimously approved by the County and City on June 9, 2009. The Visioning Process integrated nine months of intensive community outreach, design and planning concepts, and site analysis. The process was made possible through project funding by Solano County and was conducted under the direction of the Solano360 Committee, a joint County-City group comprised of two members of the Solano County Board of Supervisors and three members of the Vallejo City Council. Planning for the future of the Fairgrounds property has been a priority for nearly a decade. On July 25, 2000, the Solano County Board of Supervisors adopted a resolution directing the development of a common vision for the redevelopment of the Fairgrounds property, located at the intersection of I-80 and Hwy 37 in Vallejo, California. The resolution cited the desire to support the continuation of the annual Fair as well as to explore better the utilization of the Fairgrounds. Today, with the annual Fair down from ten to five days a year, a trend of declining attendance and aging facilities, the redevelopment and reenergizing of the 149-acre property is more crucial than ever. The approved vision has the potential to create a unique place with an unmistakable identity, a mix of land uses, connectivity and synergy with other Vallejo features, and pedestrian-friendly, sustainable green design. The developer selected for the Solano360 Project is JMA Ventures and Kenwood Investments, who formed a California limited liability company, Solano Community Development (SCD) LLC. SCD continues to do their due diligence and work with County staff and consultants on environmental and permitting items. They are developing concepts for this project based on the Solano360 Specific Plan.
Niels von Doepp
Excerpts from: http://solanocounty.com/solano360
Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
Market Overview:
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
Solano County Shopping Center Report Q2-2015
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
(Current)
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
CONSTRAINT MAP
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
MARKET
ZONING
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
LOCATION
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
SITE
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS 5 miles
10 miles
5 miles
10 miles
20 miles
20 miles
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
CONSTRAINT MAP
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
MARKET
ZONING
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
LOCATION
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
5 mile radius 10 mile radius 20 mile radius
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California
Offering Memorandum (Updated September 2015)
Asking Price: $17,500,000 Additional Info Available with completion of Confidentiality Agreement
HOME HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
On behalf of the Cooke Charitable Foundation, Cushman & Wakefield and Coldwell Banker are pleased to present this unique development opportunity. On the market for the first time in over 50 years, this property consists of a main 51.26 acre parcel which is located on Admiral Callaghan Lane between Turner Pkwy and Rotary Way, in close proximity to the interchange of Interstate 80 and Highway 37. One of the last highly desired infill development parcels with excellent freeway visibility remaining in the Bay Area along the Interstate 80 corridor. The site is currently zoned Pedestrian Shopping & Services District and this liberal zoning designation allows for a wide variety of uses. Additionally, the City of Vallejo is updating the General Plan in 2016, which will allow for a potential developer to get involved from the start and help craft the future of this site and the City of Vallejo! Additionally, a smaller 1.5 acre parcel is located across Interstate 80.
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
Property Highlights:
51.26 Acre & 1.5 Acre infill development opportunities
Interstate 80 frontage (approx. 104,673 cars per day, 2012 Cal Trans)
Located near Interstate 80 and Hwy 37 interchange
Adjacent to prominent retail centers and major residential developments
Liberal zoning designation (Pedestrian Shopping & Services, City of Vallejo). Small parcel is zoned High Density Residential
Major General Plan update in process which provides an opportunity to participate early-on in planning process.
Dove-tail with “Solano 360” fairgrounds redevelopment
SITE
SITE
SITE
SITE
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
Property Information Main Parcel: •
APN:
0081-490-010
•
Size:
51.26± acres
•
City:
Vallejo
•
County:
Solano
•
Zoning:
Pedestrian Shopping & Service
•
General Plan*: Major update currently in process
•
Status:
•
Adjacent Uses: Retail & residential
Undeveloped infill parcel
*For more information and status on the General Plan update process, please contact: Andrea Ouse Community & Economic Development Director City of Vallejo [email protected] (707) 648-4163 View General Plan updates at propelvallejo.com
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
Property Information Small Parcel: •
APN:
0052-320-250
•
Size:
1.50± acres
•
City:
Vallejo
•
County:
Solano
•
Zoning:
High Density Residential
•
General Plan*: Major update currently in process
•
Status:
•
Adjacent Uses: Residential & Fairgrounds
Undeveloped infill parcel
*For more information and status on the General Plan update process, please contact: Andrea Ouse Community & Economic Development Director City of Vallejo [email protected] (707) 648-4163 View General Plan updates at propelvallejo.com
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
other adjacent retailers:
Solano 360 Redevelopment Site
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
Solano 360 - Fairground Redevelopment: On September 30, 2008, the Solano County Board of Supervisors voted to conduct a visioning process for the future of the Solano County Fairgrounds. The cooperative effort between the County & City of Vallejo explored a range of potential land uses & economic development opportunities for the future of the 149-acre property. Out of this Visioning Process came the Solano360 Vision Report, which was unanimously approved by the County and City on June 9, 2009. The Visioning Process integrated nine months of intensive community outreach, design and planning concepts, and site analysis. The process was made possible through project funding by Solano County and was conducted under the direction of the Solano360 Committee, a joint County-City group comprised of two members of the Solano County Board of Supervisors and three members of the Vallejo City Council. Planning for the future of the Fairgrounds property has been a priority for nearly a decade. On July 25, 2000, the Solano County Board of Supervisors adopted a resolution directing the development of a common vision for the redevelopment of the Fairgrounds property, located at the intersection of I-80 and Hwy 37 in Vallejo, California. The resolution cited the desire to support the continuation of the annual Fair as well as to explore better the utilization of the Fairgrounds. Today, with the annual Fair down from ten to five days a year, a trend of declining attendance and aging facilities, the redevelopment and reenergizing of the 149-acre property is more crucial than ever. The approved vision has the potential to create a unique place with an unmistakable identity, a mix of land uses, connectivity and synergy with other Vallejo features, and pedestrian-friendly, sustainable green design. The developer selected for the Solano360 Project is JMA Ventures and Kenwood Investments, who formed a California limited liability company, Solano Community Development (SCD) LLC. SCD continues to do their due diligence and work with County staff and consultants on environmental and permitting items. They are developing concepts for this project based on the Solano360 Specific Plan.
Niels von Doepp
Excerpts from: http://solanocounty.com/solano360
Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
Market Overview:
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
Solano County Shopping Center Report Q2-2015
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
(Current)
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
CONSTRAINT MAP
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
MARKET
ZONING
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
LOCATION
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS
SITE
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
DEMOGRAPHICS 5 miles
10 miles
5 miles
10 miles
20 miles
20 miles
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
CONSTRAINT MAP
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
MARKET
ZONING
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
LOCATION
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
Cooke Parcel Vallejo, California HOME
HIGHLIGHTS
OVERVIEW
CONSTRAINT MAP
MARKET
ZONING
LOCATION
5 mile radius 10 mile radius 20 mile radius
Niels von Doepp Cushman & Wakefield 415.451.2403 [email protected] LIC #1447530
Cushman & Wakefield 781 Lincoln Ave, Ste 100 San Rafael, CA 94901 cushmanwakefield.com
Coldwell Banker 1289 Main Street St. Helena, CA 94574 www.dixontoller.com
Joel Toller Coldwell Banker 707.738.6860 [email protected] LIC #01259088
DEMOGRAPHICS
