±27.93 TOTAL ACRES MULTI-FAMILY RESIDENTIAL€¦ · This commercial office building has a spacious open floor plan with build out along the perimeter. There are 4 large office/classrooms;

EXCLUSIVE OFFERING MEMORANDUM

SEC SENECA RD & EL EVADO RD, VICTORVILLE, CA±27.93 TOTAL ACRES MULTI-FAMILY RESIDENTIAL

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 ContactJeremy SchmidtExecutive Vice [email protected] #01310579

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

27.93 TOTAL ACRES | SEC SENECA RD & EL EVADO RD, VICTORVILLE, CA

PROPERTY SUMMARY

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 3

ADDRESS NWC BELLFLOWER RD & DEL ROSA RDVICTORVILLE, CA 92392

PROPERTY OVERVIEWThe subject property provides 4 contiguous parcels of vacant land offering an opportunity to deliver multifamily product in a well established area of Victorville, CA within close proximity to schools, retailers, services and I-15 Freeway access. This site has paved street frontage on the West, North and East borders and a generally flat topography.

LOCATIONLocated at the southeast signalized corner of Seneca Rd & El Evado Rd with frontage on Del Gado Rd along the eastern border. This residential area is approx. 1,470’ north of Palmdale Rd/Hwy 18.

MUNICIPALITY City of VictorvilleCounty of San Bernardino

ZONING R-3T High Density Residential (15 du/ac)

ASSESSORS PARCEL NUMBER & ACREAGE0396-012-01 ±7.210396-012-02 ±16.290396-012-16 ±0.230396-012-17 ±4.20TOTAL ACREAGE ±27.93

UTILITIESElectric Southern California EdisonGas Southwest Gas CompanyWater/Sewer City of Victorville

ASKING PRICE FOR SALE $1,400,000

PRIME LOCATION ADJACENT TO ELEMENTARY SCHOOL


AERIAL VIEW NORTH


This aerial view shows the subject site nestled in between existing residential development and West Palms Conservatory School, serving ±700 students.


AERIAL VIEW NORTH


The north aerial photo shows the subject property adjacent to well established residential development. Southern California Logistics Airport is a notated in the distance.


AERIAL VIEW SOUTH / SOUTHWEST


The southwest aerial shows near by retail at the signalized intersection of El Evado Rd & Palmdale Rd. Silverado High School, serving over 2,100 students, is southwest of the subject property.

ABOVE: NORTHWEST VIEW FROM SOUTHEAST CORNER OF SITE


PLAT MAP


This commercial office building has a spacious open floor plan with build out along the perimeter. There are 4 large office/classrooms; a closet; 3 rest rooms; a break room and private offices.


SEWER MAP



CITY OVERVIEW


VICTORVILLE COUNTY: SAN BERNARDINO TOTAL AREA: ±73.74 SQUARE MILESINCORPORATED: SEPTEMBER 21, 1962MAYOR: GLORIA GARCIAWEBSITE: WWW.VICTORVILLECA.GOV

2016 POPULATION 124,729 AVERAGE ANNUAL GROWTH (1990-2016): 5.62%

CLIMATEVictorville is in the High Desert region of Southern California where humidity is low and sunshine is plentiful.

AVG JANUARY LOW TEMP: 31 FAVG JULY HIGH TEMP: 100 FAVG ANNUAL RAIN FALL: 6.18 in.ELEVATION: 2,875 ft.

Source: usclimatedata.com/climate/victorville/california/united-states/usca1197 victorvilleca.gov/Site/AboutVictorville.aspx?id=66

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


REGIONAL OVERVIEW


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

More than $1.8 Billion in infrastructure projects have been completed and are planned for the region, due to the High Desert’s 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 cities of Victorville and Apple Valley have embarked on a joint project to create another east-west arterial in the High Desert. The Town of Apple Valley has recently completed the Yucca Loma bridge over the Mojave River which will connect the east valley with the logical extension of Green Tree Blvd in Victorville upon the completion of a bridge over the BNSF Railway. (PICTURED RIGHT)

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


REGIONAL OVERVIEW


Big Lots Distribution Center closed on a land deal, December 2017, in the Town of Apple Valley to develop a brand new ±1.4 million Sq. Ft. facility. Grading and development is already in full swing. The project is estimated to bring up to 500 new jobs to the region.

The North Apple Valley Industrial Specific Plan is already home to Walmart’s ±1.3 million Sq. Ft. distribution center, Fresenius Medical Manufacturer and Atlas Vans. Easy, nearby access to Interstate 15, abundant vacant land and a welcoming pro-development city makes this area a logical choice for future logistics & manufacturing development.

Documents

±27.93 TOTAL ACRES MULTI-FAMILY RESIDENTIAL€¦ · This commercial office building has a spacious open floor plan with build out along the perimeter. There are 4 large office/classrooms;