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Tesla is highest valued property in Manteca Unified

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POSTED August 31, 2017 1:23 a.m.

Tech, agriculture, and distribution are the Big Three when it comes to property evaluation in the Manteca Unified School District.
Tesla Motors in Lathrop tops the list at $159 million, followed by Delicato Family Vineyards winery at $129 million, and CenterPoint properties at $98 million.
Delicato Vineyards is getting ready to launch a major expansion at their winery at Highway 99 and French Camp Road north of Manteca.
CenterPoint Properties is the developer on the business park in northwest Manteca along Airport Way at Roth Road where Crothall Laundry is located. It also the location for the new 404,657-sqyare-foot home for Tactical 5.11 that is now under construction with a target  completion date within the next few months. The plan for Tactical 5.11 also calls for a possible 134,500 square foot addition at a later date.
CenterPoint is also pursuing plans for Manteca’s biggest distribution-style concrete tilt-up building on the southwest corner of Airport Way and Roth Road as part of the business park.
Dubbed “The Laurie Project” by CenterPoint that is building it either as a spec building or for a client that they have yet to disclosed, the 1,199,997-square-foot structure is being proposed in two phases on a 63.29-acre parcel. The first phase will consist of 551,475 square feet.
Altogether CenterPoint is approved to build 3.1 million square feet of distribution enter style space.
This is good news for Manteca Unified that is trying to figure a way to pay for new facilities to house expected student growth in the coming years.
The business park projects pay growth fees to help build schools but don’t generate students per se. At buildout, CenterPoint alone will contribute $1,736,000 to school construction based on a 56 cent per square foot fee.
The fee for residential is $3.48. That means on the average home now being built in Manteca of 2,950 square feet, Manteca Unified receives $10,266 to help build new school facilities. It would take 169 average square footage homes to generate the same amount of money for new schools that CenterPoint will at complete buildout.

To contact Dennis Wyatt, email dwyatt@mantecabulletin.com

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