HUNTER S POINT - NAMPA, ID GOLF COURSE AND SUBDIVISION FOR SALE

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Bruno Newman
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HUNTER S POINT - NAMPA, ID GOLF COURSE AND SUBDIVISION FOR SALE Hunter s Point is a planned unit development with 613 approved residential units and a 150 acre, 18 hole golf course located in Nampa,

1 HUNTER S POINT - NAMPA, ID GOLF COURSE AND SUBDIVISION FOR SALE Hunter s Point is a planned unit development with 613 approved residential units and a 150 acre, 18 hole golf course located in Nampa, ID. 230 units have been developed into single family and estate lots and 3 are/or will be used as a part of the golf course and clubhouse. Approximately 150 lots are sold and have homes constructed in Miller s Crossing, Herron Springs I, and Sunrise Crossing. Herron Springs II has 45 developed lots and most are owned by separate developer. PROPERTY FOR SALE: Developed lots - North Slope - 22 single family lots = $22k/Lot $482,000 Undeveloped Land units with no changes to the PUD = $2,600/Unit $990,000 (520 units with increase density in PUD = $1,900/unit) (72.6 acres = $13,642/Acre) Golf Course & Clubhouse* $1,150,000 Total Price $2,622,000 *The ownership has made the decision to proceed with some improvement cost of the maintenance facility and clubhouse to maintain or obtain certificate of occupancy. Therefore the golf course price was adjusted the price from $975,000 up to $1,150,000 to cover this cost. LOCATION: Hunter s Point is located on the Southwest Side of Nampa, Idaho 16 miles from Boise. Nampa s population is approximately 83,000 and within the 45 minute draw area it is 605,130. REMARKS: Hopkins Northwest Fund, LLC and Landscapes Unlimited each own portions of the golf course. This is one of the only residential golf course communities in Boise Valley that has golf course frontage lots available. The project draws from Canyon County (population est. 179,000) and Ada County (population est. 373,000) and is 15 minutes from a new I-84 interchange. Buyer can buy: a)the development property for $1,572,000 b) The golf course property for $1,150,000 Seller could possibly do a joint venture. For more information please contact: Randy Hopkins, President Ph: Fax: randyh@hopkinsfinancial.com

2 PROPERTY INFORMATION With 230 lots platted thus far in the PUD, there are 380 lot/units available to be developed in the remaining phases of approximately 72 acres. The subdivision is a PUD and has some flexibility for how many and what type of units are in each phase but the most current plan for the undeveloped ground from the original developer is as follows: The property for sale currently includes 22 developed residential lots, 241 undeveloped residential that can be developed (estate, single family, townhouse and patio home lots), a lot designed for 90 condo units, a lot designed for 48 apartments, and a 1 acre commercial pad. These lots are broken down as follows: Phase Status # of Lots Style # on Golf Course North Slope Phase developed lots remaining 22 lots Single Family 14 Total Developed Lots: Circling Raven Phase undeveloped, preliminarily designed 67 lots Single Family 26 * Elk Basin South Slope Phase undeveloped, preliminarily designed 40 lots Townhome 0 South Basin Phase undeveloped, preliminarily designed 34 lots Patio Home 24 * Monarch Phase undeveloped, preliminarily designed 15 lots Single Family 15 * Lookout Basin Phase undeveloped, preliminarily designed 31 lots Patio Home 31 * The Rim Phase** undeveloped, preliminarily designed 54 lots 15 Patio Home 23 Estate 16 Single Family 54 * Lookout Ridge Phase undeveloped, preliminarily designed 90 units Condo 90 * Circling Raven Apt undeveloped, preliminarily designed 48 units Apartments 0 * Total Undeveloped Units: 379 Circling Raven RP: undeveloped Commercial Notes The number of lots and lots located on the golf course* listed above for all of the undeveloped phases are estimated numbers based on the last preliminary designs provided by the original developer. Some phases may vary in actual number of lots once final plat design is completed. Herron Springs II phase has developed lots owned by another developer. **Currently there is a 1 acre lot and home in The Rim phase that is being used as the temporary clubhouse. This property is owned by Landscapes Unlimited (the golf course contractor). PLAN CHANGES AND INCREASE DENSITY: The sewer and water lines are available from Middleton Road. The least expensive option is to develop the area of Circling Raven, Circling Raven Apartments, and the Commercial lot. Additionally by increasing the number of lots to these phases a more feasible residential product could be provided to the consumer. *The area of The West Rim southwest of The Rim was not included in the original PUD but has been investigated for development by the engineer.

3 The subdivision slopes up toward The Rim phase and it is one of the highest points in Canyon County with spectacular views of Lake Lowell and the Boise Valley. In current economic environment it may be necessary to provide more single family and patio lots versus the planned Estate lots in The Rim. We have investigated the possibility of increasing the density within this development. The open space requirements far exceed the city code and would support additional capacity. Additionally we have verified the city sewer would support an additional 140 units without any major upgrades of infrastructure. GOLF COURSE: 18 hole, 7000 yard, par 71 link style course on 153 acres was designed by Gene Bates with Bent Grass Fairways. The course has spectacular views of the Boise Valley looking to the West you see Lake Lowell and to the East you have view toward Boise and Bogus Basin (the local ski resort), along with a dramatic 80 foot drop into the reclaimed gravel pit for six of the holes. Gene Bates is a nationally acclaimed golf course architect that designed Circling Raven golf course in Northern Idaho. The golf course was operated by the prior owner via a management company in 2010 and 2011 on a minimal budget. The course had approximately 13,000 and 14,400 rounds of golf respectively and essentially broke even both years. The course was closed in 2012 but maintained on a green and shaggy level. IMPROVEMENTS: The City of Nampa is requiring some completion of work to maintain or obtain the certificate of occupancy for the Maintenance Building and the Clubhouse. This work is in process and should be completed by April Will Mason at Mason Stanfield, Inc is the engineer and is working with the city on approvals along with helping to contact subcontractors. Additionally, we have the in-house project manager who is taking the lead on getting this scope of work done. Maintenance Building - Grade the entry ramp to less than a 10% grade. - Hydromulch the banks to stabilize for erosion. - Connect a fire hydrant to the irrigation system mainline. This will produce about 1,650 gpm flow. - Install a firewall or a sprinkler system in the maintenance building. Without one of those, the fire department requires 2 hydrants that each produce 2,000 gpm. That is not an option unless we spend hundreds of thousands for city connection. - Fire department says the 8,750 sf building requires 2 hydrants. But if a firewall can break it up into 2 portions that are each less than 5,900 sf, then we may be ok with one hydrant at 1500 gpm. Sprinkler system accomplishes same thing. - Obtain a fuel tank with acceptable firewall. We plan on two 500 gallon tanks. Would like to rent but seems like they can be bought around $12, Pour a 20 X20 concrete pad for ADA compliant access at the front of the building. - Pour a pad to house the new fuel tanks. - Obtain 2 port-a-potties (rent). Clubhouse - Install a new sewer line and grease interceptor from the clubhouse to the city system, about 1200 away. - Install a fire hydrant on the existing well. We think that will produce about 700 gpm. With that, add a sprinkler system to the clubhouse. The Fire department will decide if these 2 measures are sufficient before we install. If

4 not, we will have to connect to the city line and bring that up to within 400 of the clubhouse. But we think even the city line will be short of the 1500 gpm that the city is requiring. - Make the entry out of the back of the clubhouse ADA compliant. Connect that ramp exit to a sidewalk that leads to the parking lot. - Add an ADA approved and paved parking spot. - Install about 320 of recycled asphalt on the portion of the entry street coming from Hunters Point Drive up to the paved portion of the clubhouse entry road. - Widen the paved area of the entry road to 20 at all times. It is 17 in some places. This will be about 400 of a 3 strip of gravel. We only have limited options with fire hydrant access, so if the Fire department gets too strict then we aren t willing to spend the money to connect to the city lines. LOCATION: Hunter s Point is located on the Southwest Side of Nampa, Idaho 16 miles from Boise. Nampa s population is approximately 83,000 and within the 45 minute draw area it is 605,130. REMARKS: Foreclosures have been completed. Clean title to the property. Unique product as this is one of the prime development pieces in Canyon County. Hopkins Northwest Fund, LLC and Landscapes Unlimited both have ownership of the golf course property and are working together to sell the property. Note: The statements provided in this Have Sheet are based upon the best information available at this time and are being provided to notify you of an investment opportunity. These statements should not be relied upon as representation of fact and prospective investors should independently verify all information before deciding to invest.

5 Hunter s Point Conceptual Plan

6 Sold

7 Hunter s Point 22 North Slope Lots

8 Hunter s Point Golf Course

17374 US ROUTE 694 OTTAWA, OHIO 45875

17374 US ROUTE 694 OTTAWA, OHIO 45875 INVESTMENT PROPERTY FOR SALE WWW.COUNTRYACRESGOLFCLUB.COM FULL-SERVICE COMMERCIAL REAL ESTATE COUNTRY ACRES GOLF CLUB GENERAL INFORMATION Price: $1,200,000 ($10,592.28/acre)