the dunes business park land sales & build-to-suit ......• carmel by the sea csumb established...

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The Dunes Business Park Land Sales & Build-to-Suit Opportunities PACIFIC GROVE PEBBLE BEACH MONTEREY CARMEL SAND CITY SEASIDE MARINA THE DUNES ON MONTEREY BAY THE DUNES BUSINESS PARK Highway 1 Second Avenue Imjin Parkway Light Fighter Drive CONTENTS Project Location 2 Project Description 3 Overall Project Site Plan 4 Available Lots 5 Area Information 6 BUSINESS PARK

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Page 1: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

The Dunes Business ParkLand Sales & Build-to-Suit Opportunities

PACIFIC GROVE

PEBBLE BEACH

MONTEREYCARMEL

SANDCITY

SEASIDE

MARINA

THE DUNES ON MONTEREY BAY

THE DUNESBUSINESS PARK

Highway 1

Second Avenue

Imjin Parkway

Light Fighter Drive

CONTENTSProject Location 2Project Description 3Overall Project Site Plan 4Available Lots 5Area Information 6BUSINESS PARK

Page 2: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

Michael Schoeder | LIC. 00989268 Josh Jones | LIC. 01352818

831 | 375 8000Project Location

• Located on the Site of Historic Fort Ord in the City of Marina

• Convenient Access From Highway 1 via Imjin Parkway

• Adjacent to California State University Monterey Bay

• Near Marina Municipal and Monterey Peninsula Airports

Seaside

CSUMB

Monterey Airport

Monterey

Carmel

Santa Cruz

Watsonville

Salinas

Gilroy

Pebble Beach

Marina

The Dunes on

Monterey Bay

I

m

j

i

n

2

n

d

A

v

e

3

r

d

A

v

e

10th

9

t

h

8th

6th

5th

4th

3rd

3rd

1st

1

s

t

A

v

e

C

a

l

i

f

o

r

n

i

a

MontereyBay

9th

Cal StateUniversity

Monterey Bay

The DunesBusiness Park

925 | 245 3650

BUSINESS PARK

Page 3: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

Project Description

OFFICE/R&D/FLEX OPPORTUNITIESLocated in the City of Marina, just off Highway 1 at Imjin Parkway, The Dunes Business Park offers an Office/R&D/Lite Industrial owner or tenant the opportunity to purchase, or build-to-suit for purchase or lease, the only location in Monterey County with ocean beach access, views of the bay and walking distance to a wealth of retail amenities.

This Office Research zoned land will allow for a wide variety of uses, including office, R&D and other clean, lite industrial uses. The Available Lots section shows various size parcels, however, the flexibility exists to adjust lot lines and combine lots up to 17 acres. While water is an issue throughout most of the Monterey Peninsula for commercial or residential development, The Dunes Business Park has all water rights secured for 100% build-out. The opportunity of a life time is available now.

PROPERTY HIGHLIGHTS• Lots range in size from 0.9 to 3.1 acres;

can be combined up to 17 acres

• Pricing: Land — $10.00 to $15.00 PSF

Build-to-Suit — Based on specific needs

• Zoning: Office Research — allows for a wide variety of office, R&D and lite industrial uses.

• Allowable SF: Lots can accommodate 10,000 to 250,000 square feet

• Delivery Condition: Rough graded pad with utilities to street; off-site and common area infrastructure completed to allow proper ingress and egress to the park

• Unparalleled ocean views with beach access through walking path under Highway 1

• Walking distance to retail amenities, including The Dunes regional power center and future 10th Street Retail District and restaurants;

• Tenant signage available, with visibility from Highway 1

• Tentative Map approved

925 | 245 3650

Michael Schoeder | LIC. 00989268 Josh Jones | LIC. 01352818

831 | 375 8000

BUSINESS PARK

Page 4: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

Overall Project Site Plan

FUTURE DEVELOPMENTAt completion, The Dunes on Monterey Bay master-planned community will cover more than 400 acres and include 1,200 residences, a 17-acre and 40-acre business parks, hotels, medical facilities, schools and two distinct retail districts. The first phase, a regional power center occupied by Target, Kohl’s, Bed Bath & Beyond, Old Navy, Michael’s, REI and Best Buy, opened in 2007. The future 10th Street retail district will undoubtedly become the heart of the community with its town square, rich landscaping, and bicycle and pedestrian paths that connect to the beach, parks and surrounding homes to complement the business park.

IMJIN PARKWAY

1S

T A

VE

NU

E

2N

D A

VE

NU

E

4TH STREET

1ST STREET

REGIONAL CENTER

MEDICAL

MEDICAL

RETAIL

FUTURE10TH STREET

HOTEL

HOTEL

SCHOOL

CITYPARK

CITYPARK

FUTURE OFFICE/R&D

PARK

CSUMB

925 | 245 3650

Michael Schoeder | LIC. 00989268 Josh Jones | LIC. 01352818

831 | 375 8000

BUSINESS PARK

THE DUNES BUSINESS

PARK(OFFICE/R&D)

Page 5: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

Available Lots

Office/R&D/Flex - Approximately 3.1 Acres

Office/R&D/Flex - Approximately 0.9 Acres

Office/R&D/Flex - Approximately 2.7 Acres

Office/R&D/Flex - Approximately 1.6 Acres

Office/R&D/Flex - Approximately 2.0 Acres

Office/R&D/Flex - Approximately 2.5 Acres

Office/R&D/Flex - Approximately 2.0 Acres

Office/R&D/Flex - Approximately 1.5 Acres

A

B

C

D

F

G

H

E

BEST BUY

OLD NAVYHI

GHW

AY 1

2ND AVENUE

10TH STREET

9TH STREET

RESTAURANT OPPORTUNITIES

OFFICE/R&D/FLEX SPACE FOR SALE OR BTS

EXISTING RETAIL CENTER

FUTURE RETAIL DISTRICT

FutureCinema

A

B

C

D

E

F

G

H

925 | 245 3650

Michael Schoeder | LIC. 00989268 Josh Jones | LIC. 01352818

831 | 375 8000

BUSINESS PARK

Page 6: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

Area Information

TOURISM

The Monterey Bay Region remains one of the

premiere tourist destinations in the United States.

More than eight million tourists visit the region

each year with 65% - 70% staying in the area for a

minimum of three nights. Many visitors enjoy the

area activities including over 24 area golf courses.

ATTRACTIONS

• Pebble Beach Concours d’Elegance

• Monterey Bay Aquarium

• Monterey Bay National Marine Sanctuary

• Cannery Row

• Laguna Seca Raceway

• Wineries with over 25 Tasting Rooms

• Monterey Wine, Jazz & Blues Festival

• Seventeen Mile Drive and Pebble Beach

• AT&T Pro Am Golf Tournament

• Carmel by the Sea

CSUMB

Established in 1994 on part of the former Fort Ord

Base, California State University Monterey Bay is

ideally situated between Monterey Bay and Salinas

Valley. The 1,365-acre campus brings together

students and faculty in the heart of a premiere

California location. The University will offer

30 undergraduate and graduate programs

including Marine Biology, Foreign Language, and

Computer Sciences. Current enrollment is over

3,500 students with expected to exceed 10,000.

Employs more than 300 faculty members and

400 support staff members.

925 | 245 3650

Michael Schoeder | LIC. 00989268 Josh Jones | LIC. 01352818

831 | 375 8000

BUSINESS PARK

Page 7: The Dunes Business Park Land Sales & Build-to-Suit ......• Carmel by the Sea CSUMB Established in 1994 on part of the former Fort Ord Base, California State University Monterey Bay

Michael Schoeder | LIC. 00989268 Josh Jones | LIC. 01352818

831 | 375 8000Residential Developments

925 | 245 3650

BUSINESS PARK

INTER-GARRISON RD.

WATKINS GATE RD.

NORMANDY RD.

COE AVE.

GENE

RAL J

IM M

OORE

BLV

D.

EUCALYPTUS RD.

FREM

ONT B

LVD.

W. BLANCO RD.

MCFADDEN RD.

COOPER RD.

IMJIN RD.

RESERVATION RD.

1

1

DEL M

ONTE

BLV

D.

Marina Station—Located two miles north of The Dunes, this320 acre project located within the City of Marina is fully entitled for 1,360 residential units, 650,000 SF of industrial space, 145,000 SF of o�ce space and a 60,000 SF neighborhood retail center. The developer is processing his infrastructure plans with the City of Marina.

East Garrison Village—This 244-acre community is located in unincorporated Monterey County about 4.5 miles east from the Dunes development. The County has approved this development for 1,470 homes. Mass grading is complete and a majority of the backbone infrastructure has been installed. This land was purchased recently by a local Monterey based residential developer.

Cypress Knolls—The City of Marinahas approved this 190-acre develop-ment for 712 residential units and 60 bed assisted living facility. Cypress Knolls is directly adjacent to The Dunes northern border and is owned by the City of Marina who has issued an RFPfor a private entity to develop this entitled property.

The Dunes on Monterey Bay—The residential component of this 400-acre mixed use community will include 1,250 residential units that include apartments, live/work units, townhouses and single family detached homes along with the 700,000 SF of retail and 750,000 SF of o�ce/R&D approved for this development.

Marina Heights—This 248 acre project located one mile fromthe Dunes and is fully entitled for 1,050 single family homes and192 a�ordable units. The backbone infrastructure is installed and the �rst 300 lots are �nished and ready to build on. The developer is waiting for the residential market to improve before vertical construction will start.

Seaside Resort Development—The Developer has completed the $14M

upgrade of the Bayonet and Black Horsegolf courses at this destination resort. The

next phase of development located about two miles south of The Dunes will include a

four-star hotel with approximately 330 rooms, 170 condominiums and 125 custom

residential lots fronting the two golf courses. The �rst 29 residential lots at “The Enclave at

Cypress Grove” are available for sale.

MARINAMUNICIPALAIRPORT

The Dunes on Monterey BayStatus of Surrounding Residential DevelopmentsResidential Summary—There are over 6,000 residential units fully entitled

within 5 miles of The Dunes on Monterey Bay retail development.