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E. Victory Rd.
Call For Offers
CAVANAUGH Meridian, Idaho
CAVANAUGH
This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproduced in whole or in part without prior written consent.
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E. Victory Rd.
Offering 2 Offering 1
Interstate 84
Downtown Meridian
CAVANAUGH
On behalf of the DBSI Real Estate Liquidating Trust, Mark Bottles Real Estate Services is pleased to present 90.66 acres of Cavanaugh, a commercial and residential project located in Meridian, Idaho. This property is being sold as two separate offerings; Offering 1 - 58.81 acres of residential, and Offering 2 - 31.85 acres of mixed use.
Eagle
LOCATION
CAVANAUGH N
Offering 1
Offering 2
Downtown Boise
Boise Airport
LOCATION
Buyers are welcome to submit offers on one or both of these offerings .
Canyon County` Ada County
CAVANAUGH
Boise Airport
Downtown Boise
MERIDIAN
WILDER
PARMA
GREENLEAF
NOTUS
CALDWELL
MIDDLETON
STAR EAGLE
BOISE
KUNA
NAMPA
CAVANAUGH
GARDEN CITY
Meridian, Idaho has historically been one of Idaho’s fastest growing cities. Meridian’s central location in the Treasure Valley make it one of the most desirable places to live and it is consequently one of Idaho’s healthiest real estate markets. Furthermore, as shown on the graph above, the population growth in Meridian has nearly doubled in the last decade and has more than quadrupled over the past 18 years. Despite a slight population decrease from 2009 to 2010 (an estimated decrease of 192 people), Meridian is again showing positive signs of growth.
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20,000
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50,000
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90,000
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lati
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Population of Meridian, Idaho
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MERIDIAN
CAVANAUGH
Situated within 1¼ miles of the I-84 interchange, Cavanaugh has quick and easy access to many locations throughout the Treasure Valley. These locations include;
CAVANAUGH
Downtown Boise
Boise Towne Square Mall
Boise Airport
Downtown Meridian
Downtown Nampa
Cavanugh to: Miles Estimated Drive Times (Mins)
Interstate 84 Interchange 1.25 2
Grocery (Winco and future Walmart) 1.6, 1.4 2
Downtown Meridian 2.5 5
Hospital (St. Luke's) 3.5 5
Boise Towne Square Mall 7.8 10
Boise Airport 8.9 14
Downtown Nampa 10.4 15
Downtown Boise 11.3 14
I-84 Interchange
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PROXIMITY
Offering 2
Offering 1
I-84 / Ten Mile
Interchange
I-84 / Eagle
Interchange
I-84 / Meridian
Interchange
Mountain
View
High
School
El Dorado
Business
Campus
Silverstone Business
Park
CAVANAUGH
Within a three mile radius of the property, as shown on the map above, are multiple retail centers, business parks, entertainment venues, healthcare facilities, and educational campuses. The proximity to these wide-ranging services will likely make this a very attractive project to prospective home buyers.
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SERVICES
Offering 1
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Offering 2
Not Included in Sale
CAVANAUGH
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CONCEPTUAL LAYOUT
CAVANAUGH DEMOGRAPHICS
Total Population 1 Mile 3 Mile 5 Mile 10 Mile
1990 1,346 8,218 33,548 200,924 2010 6,966 18,437 68,229 299,691
Avg. HH Income 1 Mile 3 Mile 5 Mile 10 Mile 2010 $94,733 $84,817 $81,240 $71,955
According to the Meridian Zoning Map above; Offering 1 is zoned Medium Density Residential and Traditional Neighborhood – Residential (TN-R). Offering 2 is zoned Traditional Neighborhood – Center (TN-C) and Neighborhood Business.
Offering 1
Offering 2
CAVANAUGH ZONING
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CAVANAUGH
Offering 2
Offering 1
FUTURE LAND USE
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According to the Meridian Future Land Use Map above; Offering 1 is predominately Mixed Use Neighborhood with some Medium Density Residential Offering 2 is predominately Medium Density Residential with some Mixed Use Neighborhood.
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CAVANAUGH CALL FOR OFFERS DETAILS
This presentation is a brief overview of the Cavanaugh project. Additional information is available to
interested parties through the use of an on-line “Due Diligence Website”. To access the additional
information parties will need to execute a Confidentiality Agreement that is available from the listing
agents (contact Tyler Johnson). A user name and password to the Website will then be assigned.
• All offers are due by Friday, October 5, 2012 at 5:00 PM MDT .
• Buyers are welcome to present offers on one or both of these offerings.
• A Proof of Funds Letter must accompany each offer.
• Seller has the right to accept, reject, or negotiate any offer at any time.
• After reviewing the initial offers seller may call for a second round of “best and final” offers.
• All offers must be submitted utilizing the Purchase and Sale Agreement provided by the seller.
• Buyer will be selected based upon the price and terms that best achieve the liquidating trustees
objectives.
• Within five days of offer acceptance, Buyer will be required to deposit $100,000 Earnest Money.
• Properties are being sold “as-is, where-is” with no warranties express or implied.
• Properties will be transferred via a Special Warranty Deed.
• Title and Escrow to be provided by Fidelity National Title.
• Seller will require at least 14 days to respond to offers.
Mike Erkmann [email protected]
Cell: 208.629.6003 Fax: 208.947.1020
Tyler Johnson [email protected]
Cell: 208.866.3579 Fax: 208.489.9075
Mark Bottles Real Estate Services Phone: 208.377.5700
839 S. Bridgeway Place Eagle, Idaho 83616
Acres For Sale: 58.81 Acres
Asking Price: N/A – Call For Offers
Jurisdiction: City of Meridian
Zoning: R-8
Assessor’s Parcel #: S1130121120
Farmable Acres: 26.37 Acres
Farm Lease: $110 per acre, lease expires December 31, 2012.
Estimated Taxes: $11,999.99 (Includes ag exemption)
Entitlements: Preliminary Plat is valid until August 22, 2013.
Existing Development Agreement encompasses 177.93 Acres.
Improvements: Phase 1 has 123 partially improved lots.
Sewer Trunk Line Fee: $1,465.56 per acre - paid at the time city engineer signs final plat for phase 1.
Offering 1 Summary
CAVANAUGH OFFERING 1 SUMMARY
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N S. Meridian Rd.
CAVANAUGH OFFERING 1 AERIAL
Acres For Sale: 31.85 Acres
Asking Price: N/A – Call For Offers
Jurisdiction: City of Meridian
Zoning: Traditional Neighborhood Center
and Neighborhood Business
Assessor’s Parcel #: S1130223000
Farmable Acres: ~30 Acres
Farm Lease: $0 per acre, lease expires January 31, 2012.
Estimated Taxes: $1,765.00 (Includes ag exemption)
Entitlements: Existing Development Agreement that encompasses 177.93 acres. Improvements: No Improvements
Utilities: At or near site
Sewer Trunk Line Fee: $1,465.56 per acre - paid at the time city engineer signs final plat.
Offering 2 Summary
CAVANAUGH OFFERING 2 SUMMARY
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N CAVANAUGH
OFFERING 2 AERIAL
CAVANAUGH OFFERING 2 PICTURE
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CAVANAUGH OFFERING 2 PICTURE
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CAVANAUGH OFFERING 1 PICTURE
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CAVANAUGH OFFERING 1 PICTURE
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CAVANAUGH OFFERING 1 PICTURE
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Tyler Johnson
[email protected] Direct: 208.489.9055 Cell: 208.866.3579 Fax: 208.489.9075
This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproduced in whole or in part without prior written consent.
Mike Erkmann [email protected] Direct: 208.947.1084 Cell: 208.629.6003 Fax: 208.947.1020
For more information please contact:
CAVANAUGH CONTACT INFORMATION
