1151 Sycamore Ave - Villages of Patterson: Site 35 and 39 46.2 Acres of Residential Land in Patterson, CA 95363

-Site 35 (27.63 acres) at Sycamore and Olive Avenue is one of 2 sites available totaling +/-46.23 acres of approved land, sold with tentative, final maps and improvement plans. Zoned Low and Medium Density Res. (1 - 5 & 5-12 lots per acre) and totaling 136 units with 50' x 100' lot size. Site 39 is 18.6 acres, 107 units with lot sizes 45' x 80'. -We also have a 5.18 acre medium density zoned property with up to 62 units +/- allowed. -The parcel is located in a 692 acre master plan development called The Villages of Patterson (VOP). - In the last 10 years, Patterson has experienced some of the highest 'home appreciation' of any community in the nation - 11.81% annually. That puts Patterson in the top 10% nationwide. Renowned builders, including KB home, Khov., Lennar, DR Horton, Landsea and LGI are developing projects in Patterson. - Looking at the past 12 months, Patterson appreciation rates are at 19.24% which is higher than over 90% of the cities and towns in America. - 6.5 million SF of commercial property has been built between 2011-2018. This represents approximately 4,300 new jobs which includes Restoration Hardware and an Amazon fulfillment facility. - New industries in Patterson include Amazon (1 Million SF facility), Restoration Hardware (1.5 million SF site), CVS, Kohls, Grainger Distribution centers, Traina Foods, and other major employers. - Patterson has enjoyed many new retail services including Walmart, CVS, and Walgreens, as well as many new restaurants, coffee shops, the new Hampton Hotel, and multiple banks. - According to Redfin, Patterson's average home sales price increased +42% in the last 24 months. The sales activity has increased over 65%. Most homes receive multiple offers, often with waived contingencies, and sell within 8 - 10 days.