110 LOT TENTATIVE TRACT MAP | ±17.95 ACRES · Watermarke Homes Foxfire Ranch Victorville Single...

E X C L U S I V E O F F E R I N G M E M O R A N D U M

110 LOT TENTATIVE TRACT MAP | ±17.95 ACRESNORTHEAST CORNER NISQUALLI RD & 9TH AVE, VICTORVILLE

RYA N T R AV I SE X E C U T I V E V I C E P R E S I D E N T

R O B K U RT HS E N I O R V I C E P R E S I D E N T

BRE #01358790 • [email protected]

BRE #01358790 • [email protected]

12180 Ridgecrest Rd, Suite 232Victorville, CA 92395

P. 760.983.2383 | F. 760.983.2433Corporate BRE #01896143

KurschGroup.com

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.

110 LOT TTM | VICTORVILLE, CA

Kursch Group Commercial Real EstateKurschGroup.com | @KurschGroupCRE

INLAND EMPIRE

SITE SUMMARYPRIME LOCATIONFUTURE DEVELOPMENT

PROPERTY OVERVIEWThe subject property has an approved Tentative Tract Map for 110 Single Family Residential Lots in the City of Victorville. The project is subject to senior citizen housing, 55 years of age or older ‘senior citizen’. The development provides an opportunity to deliver new homes to senior citizens in a prime area for development.

LOCATIONThe subject property is located North of Nisqualli Rd and East of 9th Ave in Victorville, CA. From Northbound I-15: exit at Nisqualli/La Mesa and turn right on Nisqualli Rd. Travel East about 3/4 mile then turn left onto 9th Ave. The site is immediately to the right.

ASSESSORS PARCEL NUMBER & ACREAGE3092-421-06 ±16.38

3092-421-07 ±1.57

Total Acres ±17.95

Net Acres ±17.02

MUNICIPALITYCity of Victorville (within City Limits)

County of San Bernardino

ZONING PUD 1-87

CONDITION OF THE SITEThe site is currently unimproved

ENTITLEMENTTentative Tract Map 20131 for 110 single family lots, age restricted. Tract Map effective 11/15/2017.

LOT SIZESAverage lot size of ±3,500 SF

HOACurrently, there is no HOA in place for the existing development within Phase I & II.

UTILITIESElectric Southern California Edison

Gas Southwest Gas Company

Water/Sewer City of Victorville

Telephone Frontier Communications

ASKING PRICE FOR SALE

$900,000


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TTM 20131



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SITE PLANS


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PLAN:2-1255



INLAND EMPIRE

PLAN: 3-1346


INLAND EMPIRE

PLAN:2-1404



INLAND EMPIRE

PLAN: 3-1337


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PROPERTY PHOTO



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PROPERTY PHOTOS

Aerial views southeast. Nisqualli Rd - south of the site- leads east to Hesperia Rd, a primary north/south arterial.

Aerial views southwest from northeast corner of the site. Phase 1 & 2 of the project are completed. I-15 is a few blocks west and the area is well established with single family and multifamily homes.

Street View from 9th Ave just North of Nisqualli Rd looking toward the northeast corner of the site. There are established homes around the property.

Street view from south from the logical extension of Winona St. Adjacent homes to the east include phase 1 & 2 of this project.


INLAND EMPIRE

LOCAL MAPThe site is in the path of progress with existing development and future developments planned for the immediate area. West of the project,

a brand new freeway interchange was constructed at Nisqualli & La Mesa Roads. This has opened the area to new developement with an

Arco AmPm currently being built and a proposed C-Store about two blocks west of the site as well as a planned development to include

a hotel and restaurants.



INLAND EMPIRE

The High Desert Market is located 90 miles northeast of Los Angeles and encompases the cities of Adelanto, Apple Valley, Barstow, Hesperia, Victorville and surrounding unincorporated areas of San Bernardino County. The regional population exceeds 442,000, neraly doubling from census data 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 coverage 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, 3, 5 MILE RADIUS


INLAND EMPIRE

1 Seventh Day Adventist Church Vicctorville

2 Trinity Lutheran Church Vicctorville

3 Victor Valley Bible Church Vicctorville

4 First Church of the Nazarene Vicctorville

5 St John Lutheran Church Vicctorville

6 Sunrise Church of California Vicctorville

7 New Destiny Christian Ministries Vicctorville

8 Bible Baptist Church Vicctorville

9 Victory Christian Center Vicctorville

10 The Church of Jesus Christ Latter Day Saints Vicctorville

11 Oasis Community Church Hesperia

12 First Assembly of God Hesperia

13 St Hillary’s Episcopal Church Hesperia

14 Community of Christ Hesperia

15 Victor Valley Christian Church Hesperia

16 Temple Baptist Church Hesperia

17 Mountain View Baptist Church Hesperia

18 Turning Point Church Vicctorville

19 First Assembly of God Vicctorville

20 Holy Innocents Catholic Church Vicctorville

21 St Mary Coptic Orthodox Church Vicctorville

22 Christian Covenant Church Vicctorville

23 Horizon Church Vicctorville

24 Destiny Christian Church Vicctorville

CHURCH SUMMARY



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MEDICAL SERVICES SUMMARYMEDICAL SERVICE NAME

1 Choice Medical Group Victorville

2 Banko Medical Center Victorville

3 Desert Dental Group Victorville

4 St Mary’s High Desert Urgent Care Victorville

5 Heritage Victor Valley Medical Group Victorville

6 Desert Valley Medical Group Victorville

7 Apple Valley Comprehensive Cancer Center Victorville

8 VETERAN ADMINISTRATION CLINIC Victorville

9 Global Pain Care Victorville

10 Desert Valley Medical Group Victorville

11 Bear Vallley Urgent Care Victorville

12 DESERT VALLEY HOSPITAL Victorville

13 Advanced Optometric Eyecare Victorville

14 Vission Express Optometry Hesperia

15 Dr.Mike’s Walk In Clinic Hesperia

16 Western Dental & Orthodontics Hesperia

17 Desert Dental Group Hesperia

18 Clinica Mi Pueblo Victorville

19 Pacific Eye Institute Victorville

20 Kaiser Permanente Medical Center Victorville

21 Smile Dental Victorville

PHARMACY NAMEA Allcare Pharmacy Victorville

B Queens Pharmacy Victorville

C Your Drug Store Victorville

D Vons Pharmacy Victorville

E Walgreens Pharmacy Hesperia

F A Family Pharmacy Hesperia

G CVS Pharmacy Hesperia

H Rite Aid Victorville

I Vista Care Pharmacy Victorville

J Walmart Pharmacy Center Victorville

The property is served by numerous medical services, pharmacies and medical suppliers within a 3 mile radius, including Desert Valley Hospital just one mile south of the site.


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VICTORVILLE HOME RESALES

HOME RESALESAs of April 2019 there were 1,092 homes on the market, 415 were sold, and 515 homes were marked pending.

The Average Price per Sq. Ft. Sold in April 2019 was $147 which is up 4.3% from 2018.

The Average Sold Price for April 2019 $274,000 which is up 7% from the previous year.

The Avergae Active Asking Price in December 2017 was $333,000 which is up 3.1% from the previous year.

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED 2.2018 - 4.2019 AVERAGE PRICE PER SQUARE FOOT (SOLD) 2.2018 - 4.2019



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1 DR Horton Willow Pointe (Sold Out)

2 Frontier Communities Stone Briar

3 KB Homes Falcon Ridge

4 KB Homes Falcon Ridge

5 Legacy Homes Springfield

6 Watermarke Homes Foxfire Ranch

7 Evergreen Homes Sky Haven II

8 Del Webb Sun City

9 Evergreen Homes Cedar Heights (Sold Out)

10 DR Horton Agave Pointe

11 Frontier Communities Diamond Ridge

ACTIVE MARKET OVERVIEW


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NEW HOME COMMUNITIES PRICE GRAPH



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ACTIVE NEW HOME COMMUNITIESBUILDER COMMUNITY CITY PRODUCT PRICE RANGE HOME SIZE

DR Horton Willow Pointe (SOLD OUT) Adelanto Single Family $261 k - $278 k 1,898 - 2,239 SF

Agave Pointe at Silverstone Adelanto Single Family TBD TBD

Frontier Communities Stone Briar Adelanto Single Family $235 k - $523 k 1,639 - 2,002 SF

Diamond Ridge Adelanto Single Family $304 k - $344 k 2,017 - 2,707 SF

KB Homes Wildflower at La Haciendas Victorville Single Family $241 k - $279 k 1,698 - 2,899 SF

Falcon Ridge Adelanto Single Family $269 k - $307 k 1,624 - 2,537 SF

Legacy Homes Springfield Victorville Single Family $256 k - $304 k 1,834 - 2,653 SF

Watermarke Homes Foxfire Ranch Victorville Single Family TBD 1,848 - 2,429 SF

Del Webb Sun City Apple Valley Single Family - Senior Living $233 k - $279 k 1,511 - 2,340 SF

Evergreen Homes Sky Haven II Victorville Single Family $260 k - $365 k 1,601 - 2,579 SF

Cedar Heights Hesperia Single Family $280 k - $385 k 1,727 - 2,909 SF


INLAND EMPIRE

REGIONAL OVERVIEW

SOUTHERN CALIFORNIA LOGISTICS CENTREThe 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.

INFRASTRUCTUREThere 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 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.



INLAND EMPIRE

Victorville is the largest city in Victor Valley with an estimated population of over 121,000 with another estimated 300,000 during business hours. A reliable and accomplished work force is one of Victorville’s alluring qualities with over 900,000 workers within a one hour drive. The City works in conjunction with businesses to gain a better understanding of their operations, recognize their challenges, and help to secure cost competitiveness and overall success. As an operation of this partnership, Victorville customizes disparate incentive programs such as permit fast-tracking, employee home purchasing assistance, job training, Enterprise Zone tax credits, and a less-restrictive regulatory environment.

Over the past decade, Victorville has grown into a vital West Coast distribution powerhouse. Estimated 60% of all goods moving in and out of Southern CA travel through Victorville. Power Companies such as Walmart, Redbull, Mars Chocolate and Dr Pepper Snapple Group have moved essential pieces of their operations, which has allowed them to reach a population of more than 20 million people within a three hour drive.

County San Bernardino

Total Area ±73.74 Square Miles

Incorporated September 21,1962

Mayor Gloria Garcia

City Manager Keith Metzler

Website www.victorvilleca.gov

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

Avg January Low Temp. 31 F

Avg July High Temp 100 F

Avg Annual Rain Fall 6.18 in.

Elevation 2,875 ft.

CITY OF VICTORVILLE OVERVIEW


INLAND EMPIRE

Rank Employer # of Employees

1 Southern California Logistics Airport 2,073

2 Victor Valley College 1,150

3 Desert Valley Hospital 1,000

4 Verizon 940

5 Victor Valley Union High School Dist. 877

6 Victor Elementary School District 848

7 Federal Correctional Complex, VV 844

8 Walmart 830

9 Global Medical 548

VICTORVILLE TOP EMPLOYERS

2018 POPULATION 141,546AVERAGE ANNUAL GROWTH (1990-2016): 5.62%FORECASTED ANNUAL GROWTH (2016-2021): 1.02%

Victorville is the largest city in Victor Valley with an estimated population of over 121,000 with another estimated 300,000 during business hours. A reliable and accomplished work force is one of Victorville’s alluring qualities with over 900,000 workers within a one hour drive. The City works in conjunction with businesses to gain a better understanding of their operations, recognize their challenges, and help to secure cost competitiveness and overall success. As an operation of this partnership, Victorville customizes disparate incentive programs such as permit fast-tracking, employee home purchasing assistance, job training, Enterprise Zone tax credits, and a less-restrictive regulatory environment.

Over the past decade, Victorville has grown into a vital West Coast distribution powerhouse. Estimated 60% of all goods moving in and out of Southern CA travel through Victorville. Power Companies such as Walmart, Redbull, Mars Chocolate and Dr Pepper Snapple Group have moved essential pieces of their operations, which has allowed them to reach a population of more than 20 million people within a three hour drive.

County San Bernardino

Total Area ±73.74 Square Miles

Incorporated September 21,1962

Mayor Gloria Garcia

City Manager Keith Metzler

Website www.victorvilleca.gov

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

Avg January Low Temp. 31 F

Avg July High Temp 100 F

Avg Annual Rain Fall 6.18 in.

Elevation 2,875 ft.

CITY OF VICTORVILLE OVERVIEW

110 LOT TENTATIVE TRACT MAP | ±17.95 ACRES · Watermarke Homes Foxfire Ranch Victorville Single...

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