Land

Hacienda at Peppertree Ranch

Southwest corner of Tapo Canyon Road and Guardian Street Simi Valley, California United States 93065
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

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Land Area ()

Property Description

Located at the southwest corner of Tapo Canyon Road and Guardian Street in Simi Valley, Ventura County, CA, JLL is pleased to offer for purchase, part of or the entire fully-entitled seniors housing development.

The offering includes the entitlements, engineering and architectural work completed to date. The site size is 20.74 acres, current zoning is CPD and there are 357 permitted Units of Residential Care Facility for the elderly. Municipal utilities available to site.

The existing plan includes Phase 1, a 205 units of independent living, assisted living and memory care, and Phase 2 is an additional 152 units of independent living.

Investment Highlights

  • Highly affluent, growing market area with a median HH income of $99,564 and the median HH value of $674,660
  • Well located site with access and visibility from Tapo Canyon Rd, 1.1 mile south of Ronald Reagan Freeway
  • Pre-COVID, seniors housing occupancy in the PMA was a strong 91.3%, higher than the MSA and national averages.
  • Average rents were also high at $6,292 per month
  • Buyers flexibility to purchase one or multiple parcels
Last Updated Date: 25 Feb 2021
Charles Bissell
Charles Bissell
Managing Director, Capital Markets
+6620260615
Zane Sweet
Zane Sweet
Senior Director, Capital Markets
License details
CA-01786030
+6620260615
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+6620260615
Last Updated Date: 25 Feb 2021

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