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EXCLUSIVE OFFERING MEMORANDUM SEC VIOLET ROAD & ADELANTO ROAD, ADELANTO, CA 1.35 ACRES VACANT LAND ZONED BUSINESS PARK

1.35 Acres vAcAnt lAnd zoned business pArk · 1.35 Acres vAcAnt lAnd zoned business pArk. ... substances, or the compliance with State and Federal Regulations. ... County of San Bernardino

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Page 1: 1.35 Acres vAcAnt lAnd zoned business pArk · 1.35 Acres vAcAnt lAnd zoned business pArk. ... substances, or the compliance with State and Federal Regulations. ... County of San Bernardino

exclusive OFFeRiNG memORaNdum

sec violet road & adelanto road, adelanto, ca1.35 Acres vAcAnt lAnd zoned business pArk

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The information contained in the following marketing document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kursch Group and should not be made available to any other person or entity without the written consent of Kursch Group. This marketing brochure has been prepared to provide summary, unverified information to prospective buyers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kursch Group has not made any investigation and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, or the compliance with State and Federal Regulations.The information contained in this marketing document has been obtained from sources we believe to be reliable; however, Kursch Group has not verified and will not verify, any of the information contained herein, nor has Kursch Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein and have satisfied themselves to anything that may affect the site prior to consummating a transaction.

Broker ContactRyan TravisExecutive Vice President760.983.2594 [email protected] #01358790

Corporate Office12180 Ridgecrest Road, Suite 232 Victorville, CA 92395PH. 760.983.2383 FAX 760.983.2433WWW.KURSCHGROUP.COMCorporate BRE: 01896143

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TaBle OF cONTeNTs

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01SITE SUMMARY SEC VIOLET RD & ADELANTO RD, ADELANTO, CASITE SUMMARY SITE PHOTOSLAND USE MAPLOCAL MAPPLAT MAPWATER MAPDEMOGRAPHICS

02CITY OVERVIEW CITY Of ADELANTO

03REGION OVERVIEW SOUTHERN CALIfORNIA LOGISTICS CENTREINfRASTRUCTURE PROjECTS

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

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siTe summaRY

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ProPertY overviewThe subject site is a partially improved parcel, paved and fenced. The western border is landscaped with drought tolerant trees and shrubs.

locationThe subject property is located east of Adelanto Road and north of Violet Road in the City of Adelanto, CA. Exit Interstate 15 at Palmdale Road / West Highway 18 and turn left onto Mariposa Road. Turn left onto Palmdale Road and head west approximately 4.5 miles to the signal at Highway 395. Turn right on Highway 395, go north approximately 3.65 miles and turn right on Rancho Road. Turn left on Adelanto Road then turn right on Violet Rd. The subject site is immediately to the right, at the southeast corner of Adelanto Road & Violet Road.

mUniciPalitY City of Adelanto (within City Limits)County of San Bernardino

assessors Parcel nUmber0459-461-72

condition of tHe siteThe site is paved and fenced.

ZoninG BP BUSINESS PARk & PROPOSED DISPENSARY OVERLAY

UtilitiesElectric Southern California EdisonGas Southwest Gas CompanyTelephone frontier CommunicationsWater/Sewer City of Adelanto

PRIME LOCATION FUTURE dEVELOPMENT

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

FOR SALE PRICE$550,000

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pROpeRTY phOTO

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Aerial view looking north at the corner of Adelanto Road and Violet Road. The subject site is a corner lot, fully paved and fenced.

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

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pROpeRTY phOTOs

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SOUTHEAST VIEW

SOUTH VIEWSOUTHWEST VIEW

Above: Street view southwest from the northeast corner of the site. The property is fully fenced, paved and has a driveway cut in.

Above: Street view south at the corner of Adelanto Rd & Violet Rd. Streets are paved and curbed. Power, water, sewer at street, buyer verify all utilities.

Above: Street view southeast from northwest corner of the site. established industrial facilities adjacent to site.

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

Above: Street view south, existing driveway, fully paved yard, fenced and gated site.

SOUTHEAST VIEW

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laNd use map

KUrscH GroUP inland emPire nortHwww.KUrscHGroUP.com 71.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

MEdICAL MARIjUANA dISPENSARy ZONE PROPOSEd The city of adelanto is currently in the process of approving two Medical Marijuana dispensary zones, totaling about 375 Acres.

The subject site is within this proposed zone, creating significant appeal to potential buyers in this market.

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lOcal map

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The Site is located in close proximity to Highway 395, a primary north-south corridor linking I-15 & SR-58, used extensively by transport and recreational travelers alike. The average daily traffic on Highway 395 exceeds 40,900 during peak months, providing significant potential exposure for a land buyer.

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

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plaT map

KUrscH GroUP inland emPire nortHwww.KUrscHGroUP.com 91.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

Page 10: 1.35 Acres vAcAnt lAnd zoned business pArk · 1.35 Acres vAcAnt lAnd zoned business pArk. ... substances, or the compliance with State and Federal Regulations. ... County of San Bernardino

waTeR sYsTem map

KUrscH GroUP inland emPire nortHwww.KUrscHGroUP.com 101.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

There are established waterlines in both Violet Road and Adelanto Road, adjacent to the site.

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1, 3, 5 MIleS RAdIuS deMoGRAPHIcS

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pOpulaTiON 2016 20211 mile 91 923 MIleS 27,779 28,8145 MIleS 85,858 90,935

hOusehOlds 2016 20211 mile 26 273 MIleS 5,709 5,9245 MIleS 20,812 21,925

mediaN aGe 2016 20211 mile 24.2 25.03 MIleS 29.4 29.75 MIleS 28.3 28.7

aveRaGe hh iNcOme 2016 20211 mile $45,685 $47,5783 MIleS $47,860 $50,2495 MIleS $58,995 $63,492

Source: stdb.com ESRI forecasts for 2016 and 2021

The High desert Market is located 90 miles northeast of los Angeles and encompasses the cities of Adelanto, Apple Valley, Barstow, Hesperia, Victorville and surrounding unincorporated areas of San Bernardino county. The regional population exceeds 442,000, nearly doubling from census data of 2000 to 2010. In fact, the city of Victorville was ranked the 6th fastest growing city in the united States for 2006! Interstate 15 bisects the region and Highway 395, Highway 18, Highway 138, Route 66 and Highway 58 all converge here. BnSF Railway runs throughout most of the high desert cities, hauling massive volumes of imported goods from the Ports of lA and long Beach to the rest of the country.

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

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ciTY OveRview

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MEdICAL MARIjUANA CULTIVATION ZONE The city of adelanto recently approved a progressive approach to stimulating financial growth in the city: the permitted use of Medical Marijuana cultivation. The measure allows an overlay use in specified industrial zones, recently increased to about 500 Acres. Improved properties and vacant land in the designated area have been selling for astronomical prices, quickly boosting the city’s economy.

Approximately 4 Million Sq. Ft. of industrial buildings are in construction for this use. The surge in industrial development will create more jobs, of which the city of Adelanto has requested that half of those employees be Adelanto residents. This will ultimately drive more people to relocate to the city, thus increasing demand for new homes.

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

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ciTY OveRview

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AdELANTOProgress through unityCOUnTy: saN BeRNaRdiNO TOTAL AREA: ±56 SQuARe MIleSInCORPORATED: deceMBeR 22, 1970mAyOR: RIcHARd KeRRmAyOR PRO TEm: jeRmaiNe wRiGhT sRWEBSITE: www.cI.AdelAnTo.cA.uS

Year Population Growth Rate1990 8,5172000 18,130 112.90%2010 31,765 75.20%2016 33971 4.40%2021 35809 5.30%

8,517

18,130

31,76533971

35809

112.90% 75.20% 4.40% 5.30%0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1990 2000 2010 2016 2021

Population Growth Rate

2016 POPULATION 33,971 AVERAgE AnnUAL gROWTH (1990-2016): 11.49%FORECASTED AnnUAL gROWTH (2016-2021): 1.06%

CLIMATEadelanto is in the high desert region of southern california where humidity is low and sunshine is plentiful.

AVg JAnUARy LOW TEmP: 32.6 FAVg JULy HIgH TEmP: 97.0 FAVg AnnUAL RAIn FALL: 8.5 in.AVg SUnny DAyS: 286ELEVATIOn: 2,984 ft.

Source: bestplaces.net/climate/city/california/adelanto

Source: en.wikipedia.org/wiki/Adelanto,_California

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA

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ReGiONal OveRview

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SOUTHERN CALIFORNIA LOGISTICS CENTRE (picTuRed leFT)

The High desert is home to Southern california logistics centre (Sclc), an 8,500 Acre multi-modal logistics hub. SclA, the 2,500 Acre logistics airport, provides two intercontinental runways including a 15,050 foot runway, allowing access for even the heaviest aircraft. Ge Aviation and Boeing are just a two of the companies that have taken advantage of the low traffic, low humidity airport - ideal for aircraft painting, flight testing, uAS pilot training and more.

2,500 acres are dedicated to industrial/manufacturing development, already home to numerous industry leaders like dr Pepper Snapple Group, newell Rubbermaid Brands, church & dwight, Plastipak, and Arden companies.

INFRASTRUCTURE

There are more than $1.8 Billion in infrastructure projects planned for the region to take place within the next 5 years. The High desert experienced a massive 75% population growth from census years 2000 to 2010, leaving much of the roadways ill-equipped for the influx of vehicle traffic on surface streets and highways.

Two new interchanges have been constructed since 2014 on Interstate 15: one at Ranchero Rd in Hesperia, and one at nisqualli/la Mesa Rds in Victorville. Additionally, the I-15 interchanges at d St, e St, Stoddard wells Rd in north Victorville are currently undergoing a full overhaul to widen the freeway, bridges and realign the on/off ramps.

The primary Highway in Adelanto, Highway 395, is scheduled for a widening project estimated at $483 Million. The stretch from Palmdale Rd to chamberlaine way will be the first phase completed. (PIcTuRed RIGHT)

local city streets have been under construction to repave, widen, and add stop lights in an effort to improve traffic flow.

HIGHWAy 395 WIdENING

PROjECT

1.35 AcReS Sec VIoleT Rd & AdelAnTo Rd - AdelAnTo, cA