OLD REDWOOD HIGHWAY - LoopNet

OLD REDW

OOD HIG

HWAY

LAKEWOOD VILLAGE

A 48,352 SQUARE FOOT DEVELOPMENT OPPORTUNITY IN WINDSOR, CA 95492

OLD DOWNTOWNTOWN GREEN VILLAGE

EAST WINDSOR

9720OLD REDWOOD HIGHWAY

9720Old Redwood Highway

85,000 SFShopping Center

Built in 2016

387 Apartment UnitsProposed 2022

MILL CREEK380 unit

Condo Project

TRAFFIC COUNT54,000

CPD

EXCLUSIVELY LISTED BY:

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opin-ions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap

BRANDON EVANSInvestment AssociateNational Land GroupTel: (818) 212-2699Fax: (818) [email protected]: CA 02058494

1Executive Summary

2Investment Highlights

3Location Highlights

4Sales Comparables

OLD DOWNTOWN WINDSOR

2 3

Marcus & Millichap is pleased to present 9720 Old Redwood Highway, a unique 1.11 acre commercial development site located in the affluent town of Windsor, CA. The subject property is zoned SL (Service Commercial), allowing for a variety of development uses, including mixed use residential and a variety of retail options.

This rare development site is ideally located on the East side of Old Redwood Hwy, with excellent frontage and visibility along the 101 Freeway, one of California’s major North-South thoroughfare.

9720 Old Redwood Highway is located in the center of the affluent town of Windsor, California, which boasts high profile demographics ($95,343 Median Household Income), high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential.

Centrally located just west of the 101 freeway (Redwood Hwy), and conveniently positioned in the center of a broad range of employment and retail options, 9720 Old Redwood Highway is surrounded by affluent neighborhoods, highly sought-after boutique shopping, and some of the most desirable vineyards and tasting rooms in the world.

The Town of Windsor is currently experiencing major capital infusion and commercial development. Today, there are over 800 residential units in planning / development. In 2016, Bell Village, an 85,000 sf shopping center, was completed just 0,5 miles down the road from 9720 Old Redwood Hwy. Right next door lies the site of the proposed Vintage Oaks on the Town Green development, a 367 unit proposed residential development. Just 0.8 miles south lies the Mill Creek Development, a 380 unit development breaking ground this year.

The Town of Windsor, in partnership with a private developer, has revitalized the downtown core. The Town and its Redevelopment Agency invested over $15 million dollars on roadway improvements, utility undergrounding and public facilities, along with a new train station for commuter and excursion rail in the future.

EXECUTIVE SUMMARYA rare 48,352 square feet commercial or mixed-use development site located in the affluent wine country town of Windsor, CA.

0.2 MILES FROM VINTAGE OAKS ON THE TOWN GREEN

381 UNIT MULTIFAMILY DEVELOPMENT

ZONED SCALLOWS FOR MIXED USE RESIDENTIAL (USE PERMIT) AND A VARIETY OF RETAIL/COMMERCIAL OPTIONS

$95,343MEDIAN HOUSEHOLD INCOME IN WINDSOR, CA

OLD REDWOOD HIGHWAY - 8,900 CPD

54,000 CPD

54

PROPERTY SUMMARY

Address 9720 Old Redwood Hwy, Windsor, CA 95492

Price $800,000

Land Size (SF) 48,352 SF

Price / SF $16.55

Land Size (Acres) 1.11 Acres

APN’s 161-050-034-000

Zoning SC

Land Use Designation Service Commercial

Centrally located along the 101 freeway,Windsor lies in the center of Wine Country, attracting tourists and homeowners alike.

THE OFFERING9720

Old Redwood Highway

Vintage Oaks Development


Bell Village85,000 SF

Shopping CenterBuilt 2016

Windsor Town Green

Windsor Town GreenTown Green Village

76

PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY

� Approximately 158 of frontage along Old Redwood Highway and excellent frontage and visibility along the 101 freeway

� 1.11 acre (48,352 sf) commercial site with no existing improvements or leases

� Zoned Service Commercial (SC) allowing for a variety of commercial uses, including mixed use residential, restaurant, or car wash

IRREPLACEABLE DOWNTOWN WINDSOR LOCATION

� Submerged amongst approximately 800 units of residential developments in planning

� Less than a mile from the Windsor (SMART) transit station, allowing for convenient access to all of Sonoma County.

� Old Downtown Windsor is a historic local hub for shopping, dining, wineries, and events on the Town Green.

STRONG IMMEDIATE DEMOGRAPHICS

� Average household Income of $95.383 within the Town of Windsor

� Average owned home value of $612,570 in 2018

INVESTMENT HIGHLIGHTS

OLD REDW

OOD HIG

HWAY

LAKEWOOD VILLAGE

OLD DOWNTOWN WINDSOR

EAST WINDSOR

85,000 SFShopping Center

Built in 2016



9720Old Redwood Highway

MILL CREEK380 unit

Condo Project

TRAFFIC COUNT54,000

CPD

98


OLD REDWOOD HIGHWAY - 8,900 CPD

54,000 CPD

1110

WINDSOR, CAThe town of Windsor brings a deliberately designed family-friendly emphasis to the heart of the Sonoma County wine and food country. Windsor’s Town Green, designed as a pedestrian-friendly center of town, hosts more than 30 free annual events, including summer movie nights, concerts, a farmers market and special events such as car shows, art fairs, cooking demonstrations, and a variety of festivals.

Each year Windsor also hosts the popular Sonoma County Hot Air Balloon Classic and the Wings Over Wine Country Air Show. Located two miles from the Russian River, the well-planned 7.3-square-mile town boasts six community parks, more than 13 neighborhood parks, and three large regional parks.

Visit Old Downtown Windsor, home to shops featuring gifts, accessories, jewelry, clothing, sporting goods, toys, books, coffee, candy, and more. Dining opportunities in Windsor offer something for everyone, from fast food and coffee shops, to fine dining and a wide variety of ethnic choices. Lodging options include small inns, vacations rentals, and a time share resort. A Hampton Inn and Suites, a Holiday Inn Express and the new Holiday Inn Windsor Wine Country are within a short distance of the Town Green.

WINDSOR is the place to

stay,

enjoy shopping,

wine tasting,

and dining

in beautiful surroundings.

LOCATION HIGHLIGHTS

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Windsor’s Old Downtown dates from the 1870s, and the advent of the San Francisco and North Pacific Coast Railroad. With a major rail line, hotels, shops and homes, it was the turn-of-the-century center of busy Windsor life.

As the shipping point for a vast amount of locally grown produce and grain, including fruits, grapes, hay and corn, it was also home to two of the largest wineries in Sonoma County at that time.

Today, The Town of Windsor, in partnership with a private developer, has revitalized the downtown core. The Town and its Redevelopment Agency invested over $15 million dollars on roadway improvements, utility undergrounding and public facilities, along with a new train station for commuter and excursion rail in the future.

In the heart of the Old Downtown is a four-and-one-half acre Town Green that boasts a bandstand, fountain, pools, historical timeline walk, children’s play area and a stand of native blue and valley oaks over 200 years old. It is the perfect place to listen to music, enjoy a picnic or attend a festival.

The Old Downtown has a mixed-use development that reflects Windsor’s commitment to a quality life. There are two- and three-story town homes with first-floor commercial space that house wonderful shops and restaurants.

The Old Downtown offers opportunities to live, work and enjoy the comfortable, friendly life for which Windsor is known.

The Old Downtown has a mixed-use development that reflects Windsor’s commitment to a quality life. There are two- and three-story town homes with first-floor commercial space that house wonderful shops and restaurants.

SHOPS AND WINERIESThe shopping options are eclectic, from the jewelry by local artists at Images (9061 Windsor Road, Windsor, 707-837-0160) to all the volumes at Pages Books on the Green (920 McClelland Drive, Windsor, 707-837-8665) and the bicycles at Windsor Bikes and Sport (830 McClelland Drive, Windsor, 707-836-9111). And everyone seems to convene at Kaleidoscope Toys (9078 Windsor Road, Windsor, 707-836-8697) for its collection of thoughtful, playful toys.

There are many wineries to visit in the area around Windsor, such as J Vineyards & Winery, Rodney Strong Vineyards, Chalk Hill Estate Vineyards & Winery, and La Crema Estate at Saralee’s Vineyard. 189 townhomes and 198 stacked flat apartments for a total of 387 units

OLD DOWNTOWN SHOPPING AND DININGTOWN GREEN VILLAGE

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• 189 townhomes and 198 stacked flat apartments for a total of 387 units• Elevator access for 146 units (38% of the total number of residences) to

accommodate senior citizens and the disabled• The preservation of 104 protected oak trees, 47 more than the original Bisno

plans and 26 more than what was approved by the Town Council in 2011• The planting of at least 2 new trees for every oak that is removed• Significant open space and oak grove areas• Improved access for emergency personnel to keep residents as safe as possible• Solar lighting and solar panels on common areas• Electric vehicle charging stations, including 2 fast charging stations

NEW DEVELOPMENTVINTAGE OAKS ON THE TOWN GREEN (0.2 miles from subject property)

The Mill Creek Development is a 360-unit condominium project consisting of 16 three-story buildings, 2 two-story buildings, a pool, spa and club room. The 20.3-acre site is located at 8703 Bell Road. The project includes a creekside trail, pedestrian bridge and a through-street extension of Bell Road.

THE MILL CREEK DEVELOPMENT (0.8 miles from subject property)

Built in 2016, Bell Village is a new upscale shopping center offering great exposure, easy freeway access and tucked into the heart of Sonoma County Wine Country. Bell Village is perfectly located next to the Town Green, the town’s outdoor gathering spot, which hosts a Farmers’ Market, music events and holiday celebrations. Bell Village houses a premium grocery store, restaurants and retail businesses. Visit us to see how shopping, dining, and exploring feel when luxury and location come together.

BELL VILLAGE (0.5 miles from subject property)

BELL VILLAGE VINTAGE OAKS ON THE TOWN GREEN

1716

$731,340Avg owned home value in 2018

$570,314Avg Townhouse / Condo Housing value

420,105Households within a 5-m radius

$95,343Median HH income within 1-m radius

$2,017Median Gross Rent in a 1-mile radius

27,318Population in Windsor

POINTS OF INTEREST � Bell Village Shopping Center � Old Downtown Windsor � Oliver’s Market � Lakewood Village Shopping Center � Farmer’s Market � Town Green Village � Ballona Creek Bicycle Path

WINERIES � Mutt Lynch Winery � J Vineyards & Winery � West Wines � La Crema Estate at Saralee’s Vineyard � Albini Family Vineyards � Mueller Winery � Kendall-Jackson Wine Estate & Gardens

PARKS � WIndsor Town Green � Windsor Golf Club � Carlson Park � Coombs Park � Culver City Park � Syd Kronenthal Park � Veterans Park

� Sonoma-Cutrer Vineyards � Deux Amis Winery � Calluna Vineyards � Campana Ranch Winery � Martinelli Winery & Vineyards � Colagrossi Wines � Windsor Tasting Lounge

WINDSOR

DISTANCE TO

Santa Rosa11 Miles

San Francisco Bay40 Miles

Sonoma Airport3.9 Miles

Windsor Golf Club3 Miles

DEMOGRAPHICS

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# ADDRESS SALES PRICE PRICE/SF LAND SIZE SF LAND SIZE ACRES

CLOSE OF ESCROW

Subject Property - 9720 Old Redwood Hwy $800,000 $16.55 48,352 1.11 -

1 9680 Old Redwood Hwy $750,000 $20.73 36,180 0.83 May - 2017

2 9290 Old Redwood Hwy $21,550,500 $27.12 794,534 18.24 Apr-2017

3 McClelland Dr $3,540,000 $43.00 82,328 1.89 Jun-2017

Average $26.62

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SALES COMPARABLES

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OLD REDWOOD HIGHWAY - LoopNet