GRAYSON RD

TAYL

OR

BLV

D

PLEASANT HILL RD

18881 Von Karman Ave Ste 150, Irvine, California 92612

T (949) 553-2020 | www.hoffmanland.com | CA BRE #01473762

Southern California Office Broker Contact

Norm Scheel, CA BRE #00999403

T (949) 705-0932 | nscheel@hoffmanland.com

OFFERING MEMORANDUM

The

Hoffman

Company

GRAYSON WOODSGOLF COURSE

PLEASANT HILL, CALIFORNIA

RELIEZ VALLEY RD

Property Overview

Aerials, Maps & Photos

Area Overview

Market Overview

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3

4

3-4

5-9

10-12

13-16

TABLE OF CONTENTS

1PROPERTYOVERVIEW

& OFFERING GUIDELINES

Location400 Iron Hill Street, Pleasant Hill, CA

Access via Interstate 680 off Gregory Lane and Contra Costa Boulevard.

Assessor ’s Parcel Number164-040-037 and 039

Total AcresApproximately 26.34 Acres

HistoryThe Grayson Woods Golf Course was a public Par 3, 9-Hole Golf Course located in a

residential area of Pleasant Hill, with sweeping views of Mt. Diablo. The course was

closed for play in 2015.

ZoningHillside Planned Unit Development (HPUD)

General PlanOpen Space

SchoolsMt. Diablo Unified School District

Valhalla Elementary School (K-5)530 Kiki Drive, Pleasant Hill, CA 94523

Valley View Middle School (6-8)181 Viking Drive, Pleasant Hill, CA 94523

College Park High School (9-12)201 Viking Drive, Pleasant Hill, CA 94523

*Area school exhibit can be found on page 12.

EntitlementsNo formal application has been submitted to the City of Pleasant Hill. Discussions

have taken place with city planning and staff for senior housing. The conceptual

plan (page 9) attached included 3 acres of memory care yielding approximately

70 units and the balance of the real estate 55-60 small family detached age

qualified units.

In order to develop, the site will need a general plan amendment, zone change and

environmental impact report.

OFFERING GUIDELINES

Proposed Deal StructureAll cash/ Close in 60 days

DepositsInitial deposit of $10,000 to be released to seller at signing of letter of intent.

Following the expiration of the 45 day feasibility period, buyer to release a second

deposit in the amount of $150,000.

Close of EscrowThe closing will occur on the date that is fifteen (15) calendar days after the

expiration of the feasibility period.

H 4G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Site Detail

2AERIALS,MAPS &PHOTOS

GOLF LINKS ST

IRON HILL ST

SILV

ER H

ILL W

AYDEVON AVE

RELIEZ VALLEY RD

GRAYSON RDH 6G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Close Up Aerial

242

680

GREGORY LN

BOYD RD

OAK PARK BLVD

GRAYSON RD

BLUE RIDGE DR

PLEA

SAN

T H

ILL

RD

ALHAMBRA AVE

MONUMENT BLV

D

MEADOW

LN

RELIEZ VALLEY RD

RELIE

Z VALLEY

RD

MORELLO AVE

CHILPANCINGO PKWY

DOWNTOWN PLEASANT HILL

680

SITE VALLEY VIEWMIDDLE

COLLEGE PARKMIDDLE

DIABLO VALLEY COLLEGE

WILLOWSSHOPPING CENTER

SUNVALLEYSHOPPING CENTER

CROSSROADSSHOPPING CENTER

H 7G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Vicinity Aerial

SUBJECT SITE

H 8G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Regional Map

H 9G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Conceptual Site Plan

COMMUNITYCLUBHOUSE

ASSISTED LIVING ON 2 STORIES80,000 S.F. (±)

SENIOR DUPLEX COTTAGE UNITS (58 ±)

3AREA

OVERVIEW

H 11G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

City Info & Demographics

CaliforniaState

County

Mayor

Incorporated

Website

Historical Annual Growth

Forecasted Annual Growth

0.6%

0.7%

California

Contra Costa

Mayor Sue Noack

November 14, 1961

www.ci.pleasant-hill.ca.us

Pleasant Hill

Weather

Quick Facts

Total Population

Source: Zonda; US Census; Nielsen; Meyers Research LLC, Wikipedia.org, Weather.com

34,650

Total Population (2017)

No. of Households

Median Household Income

Homeownership Rate

Median Age

January Average

July Average

Precipitation

34,650

14,385

$96,628

61.4%

42.8

High 55º, Low 36º

High 89º, Low 51º

20.36 inches

Top EmployersAccording to the City’s 2013 Comprehensive Annual Financial Report, the top

employers in the city are:

Pleasant Hill City Hall

1 Mount Diablo Unified School District 659

2 Contra Costa County Fire Protection 450

3 Safeway 255

4 Target 250

5 Yandell Truckaway 250

6 Nightingale of Contra Costa 200

7 John F. Kennedy University 185

8 Contra Costa County Office of Education 165

9 Hospice of the East Bay 150

10 Irvin Deutscher Family YMCA 150

37,000

36,000

35,000

34,000

33,000

32,0002000 2010 2018F 2023F

TOTA

L PO

PULA

TIO

N

ValhallaELEMENTARY SCHOOL | K-6

530 Kiki Drive,

Pleasant Hill, CA 94523

Tel: (925) 687-1700

Mt. Diablo Unified School District

Valley ViewMIDDLE SCHOOL | 7-8

181 Viking Drive,

Pleasant Hill, CA 94523

Tel: (925) 686-6136

Mt. Diablo Unified School District

College ParkHIGH SCHOOL | 9-12

201 Viking Drive,

Pleasant Hill, CA 94523

Tel: (925) 682-7670

Mt. Diablo Unified School District

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2

3

GreatSchoolsRating

8out of 10

GreatSchoolsRating

6out of 10

GreatSchoolsRating

8out of 10

VALHALLAELEMENTARY

1

VALLEY VIEWMIDDLE SCHOOL

2

COLLEGE PARK HIGH SCHOOL

3

SITE

GRAYSON RD GREGORY LN

TAYLOR BLVD

CON

TRA CO

STA BLVD

1 MILE

MORELLO AVE

CHILPANCINGO PKWY

All schools are within 1 mile of the subject site.

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Area Schools Exhibit

680

680

242

4MARKET

OVERVIEW

Source: REALTOR.COM | Januar y 2018

MEDIAN LISTING PRICE

MEDIAN DAYS ON MARKET

$800K

$700K

$600K

$500K

$400K

$300K

$200K

$100K

$02015 2016 2017

100

80

60

40

20

02015 2016 2017

34 Homes for Sale

22 Homes for Rent

H 14G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Resale Housing Market: Pleasant Hill, CA

$697K

MEDIAN LISTING PRICE

$695K

MEDIAN CLOSING PRICE

$421

PRICE PER SQ. FT.

H 15G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Area ResalesOVER A 1 YEAR PERIOD

Source: Zonda & Redfin | January 2018

Numbers correspond to location map on the following page.

MAP NO. SITE ADDRESS CITY YEAR BUILT UNIT SIZE BED BATH LOT SIZE SALE DATE SALE VALUE PRICE / SQ FT

1 339 Pikes Ct Martinez 1966 2,362 4 3 8,500 11/9/2017 $762,000 $323

2 429 Iron Hill St Pleasant Hill 1998 2,384 4 2.5 5,400 11/3/2017 $955,000 $401

3 2571 Pebble Beach Loop Lafayette 1963 1,604 4 2 16,170 10/17/2017 $825,000 $514

4 426 Iron Hill St Pleasant Hill 1998 2,474 3 2.5 4,300 8/8/2017 $970,000 $392

5 409 Iron Hill St Pleasant Hill 1998 1,989 2 2 6,970 7/26/2017 $460,000 $231

6 413 Iron Hill St Pleasant Hill 1998 2,632 4 2.5 5,685 7/20/2017 $990,000 $376

7 1015 Silverhill Dr Lafayette 1989 4,877 5 4 39,375 7/17/2017 $1,437,000 $295

8 361 Donegal Way Martinez 1966 2,207 4 2.5 9,800 7/3/2017 $780,000 $353

9 1064 Grayson Rd Pleasant Hill 1960 2,190 4 3 21,000 5/31/2017 $1,130,000 $516

10 2525 Pebble Beach Loop Lafayette 1963 2,052 3 2 15,092 5/30/2017 $950,000 $463

11 1072 Grayson Rd Pleasant Hill 1960 2,124 4 3 21,060 5/19/2017 $990,000 $466

12 464 Iron Hill St Pleasant Hill 1999 2,632 5 2.5 5,500 5/4/2017 $1,000,000 $380

13 14 Banbridge Pl Pleasant Hill 1979 2,290 4 3 9,000 4/7/2017 $920,000 $402

14 341 Pikes Ct Martinez 1966 1,416 3 2 8,000 3/10/2017 $655,000 $463

Averages 2,374 12,561 $916,000 $398

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12

911

76

5

2 4

13

8

3

114

SITE

0.35MILE

GRAYSON RD

TAYL

OR

BLV

D

PLEASANT HILL RD

APEX CIR

RELIEZ VALLEY RD

GOLF LINKS ST

H 16G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L

Area ResalesOVER A 1 YEAR PERIOD

DISCLAIMERThe information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Pleasant Hill, County of Contra Costa, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.

This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation.

In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller.

This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller.

Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers.

POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14)

A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations.

Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.

Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.

Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.

In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.

Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller.

Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.

The terms and conditions set forth above apply to this Brochure in its entirety.

Southern California Office

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T 949.553.2020 | F 949.553.8449

Coachella Valley Office

777 E Tahquitz Way, Suite 200

Palm Springs, California 92262

T 760.969.7357 | F 949.553.8449

Northern California Office

2121 North California Blvd., Suite 290

Walnut Creek, California 94596

T 925.478.8429 F 949.553.8449

w w w . h o f f m a n l a n d . c o m

Nevada Office

9205 W Russell Rd, Suite 235

Las Vegas, Nevada 89148

T 702.793.4370

The

Hoffman

Company

Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A