37.45 ACRES · 30TH ST W 20TH ST W 10TH ST W 40TH ST W 50TH ST W W AVENUE H W AVENUE I 14 SUBJECT...

30TH ST W

20TH ST W

10TH ST W

40TH ST W

50TH ST W

W AVENUE H

W AVENUE I

14

SUBJECT SITE

W AVENUE G

37.45 ACRESLancaster | Los Angeles County, CA

18881 Von Karman Ave Ste 150, Irvine, California 92612

T (949) 553-2020 | www.hoffmanland.com | CA BRE #01473762

Southern California Office

OFFERING MEMORANDUM

The

Hoffman

Company

L I S T I N G P R I C E : $ 1 , 2 0 0 , 0 0 0

Property Overview

Aerials, Maps & Photos

Area Overview

1

2

3

3

4-12

13-20

TABLE OF CONTENTS

18881 Von Karman Ave Ste 150,

Irvine, California 92612

T (949) 553-2020 | www.hoffmanland.com

CA BRE #01473762

Aman Lal

CA BRE #01389108

T (949) 705-0929

[email protected]

The

Hoffman

Company

The Hoffman Company

The Antelope Valley has been expanding rapidly due to the B-21

bomber contact with Northrop Grumman. The contact amount

is for a minimum of $80 Billion through 2030. This government

contract will result in thousands of jobs in the Antelope Valley and

bring growth to the area. In addition to Northrop there have been

other companies expanding like BYD.

BYD is delivering the world’s largest electric bus fleet and recently

purchased 150 acres in Lancaster to expand their facility. In the

coming years several other ancillary companies will need to find

land to build facilities in the Antelope Valley to support Northrop

in the B-21 construction.

Location

Northeast corner of 30th Street West and West Avenue G

Municipality

City of Lancaster, County of Los Angeles

Assessor ’s Parcel Number

3114-010-011

Size

37.45 Acres

Price

$1,200,000

Zoning

Vacant Land - LRSP

SUBJECT SITE

H 33 7 . 4 5 A C R E S | L A N C A S T E R

Site Detail

W AVENUE G

30TH ST W

20TH ST W

14

SUBJECT SITE


Close Up Aerial

30TH ST W

20TH ST W

10TH ST W

SIERR

A HW

Y

40TH ST W

50TH ST W

W AVENUE H

W AVENUE I

0.8 Miles1 Minute

TO HWY 14 VIAW AVENUE G

14W AVENUE G

SUBJECT SITE


Vicinity Aerial

DISTANCE / DRIVE TIMES

55 Minutes | 42.5 Miles






210

405

126

126

118

170

101

405

210

170

118

101

5

5

5

CLOSE UP MAP

SUBJECT SITE


Travel Times from Subject Site

SUBJECT SITE


Average New Home Sales Price Exhibit

PALMDALE$384,271

AVERAGE NEW HOME PRICE

NORTHRIDGE$780,483


SANTA CLARITA$756,409


17MILES

36MILES

PACIFIC LARKSPURPrice per sq ft: $151.90House Size: 2,541-4,163Average Sales per Month for Last 3 Mo: 1.5Lot Size: 6,600

Price per sq ft: $159.80House Size: 2,162-2,693Average Sales per Month for Last 3 Mo: 0.45Lot Size: 7,200



$291,900 - $384,990

DESERT CREST

INDEPENDENCE

PAVILIONS

$385,990 - $547,990

$345,500 - $374,500

$291,990 - $384,990

$370,000 - $420,000

AVENUE KLLC


Active New Construction Projects in West Lancaster


New and Resale Homes Sold in Lancaster vs. Santa Clarita

This 3,643 sq ft 5 bedroom, 4.5 bath home built in 2016 in Santa Clarita sold in December 2016 for $776,248.

This 3,454 sq ft 5 bedroom, 3 bath home built in 2006 in West Lancaster sold in December 2016 for $417,195.

This 3,108 sq ft 5 bedroom, 3 bath home built in 2006 in Santa Clarita sold in January 2017 for $600,000.

This 3,095 sq ft 4 bedroom, 4 bath home built in 2007 in West Lancaster sold in January 2017 for $280,000

SANTA CLARITA vs. LANCASTER

SANTA CLARITA vs. LANCASTER

$776,248

$600,000

$417,195

$280,000

NEW

RESALE RESALE

NEW

2.5MILES

5MILES

40TH ST W

SUBJECT SITE

30TH ST W

20TH ST W

50TH ST W

60TH ST W

70TH ST W

80TH ST W

W AVENUE H

W AVENUE I

W AVENUE J

W AVENUE G

W AVENUE F

14

LANCASTER 69.8 ACRESSale Date: 8/14/2017

Price: $1,990,000

Cost Per Acre: $28,506

LANCASTER 19.6 ACRESSale Date: 2/5/2018

Price: $1,155,000


LANCASTER 10 ACRESSale Date: 7/24/2017

Price: $265,000



Land Comparables


Assessor’s Parcel Map

North view from West Avenue G Northeasterly view from 30th Street West

Southeasterly view from 30th Street West Easterly view from 30th Street West


Property Photos

14

2500 JOBS

LANCASTER

PALMDALE

200 JOBS

LANE RANCHProposed

Commercial/Retail

200 JOBSMOTORS

2500 JOBS

N AT I O N A L M E D I C A L C E N T E R

Breaking Ground Fall 2016

New CampusOpening 2017Breaking ground

in June 2016

150 JOBS

350 JOBS 6500 JOBS

THE BELOW ARE WITHIN ABOUT±5 MILES FROM THE SUBJECT SITE

• A new Wal-Mart is being developed at the Northwest Corner of Avenue L and 60th Street West. This location is expected to break ground in the fall of 2016.

• 300 jobs expected by 2017

• City of Hope is a medical facility that focuses on providing a high level of cancer care and education. It celebrated the opening of the Lancaster location in 2015. City of Hope recently received a grant that will fund a telehealth occupational therapy program for the Antelope Valley location.

• 2,500 existing jobs

• TownePlace opened in 2016. With the addition of TownePlace to Antelope Valley, visitors are offered a wider selection of places to stay during their time in Antelope Valley.

• 300 existing jobs

N AT I O N A L M E D I C A L C E N -

2MILES

5MILES

10MILES

300 JOBS

SUBJECT SITE


Job Growth in Antelope Valley


City Info & Demographics

Source: Zonda; US Census; Nielsen; Meyers Research LLC, weather.com, wikipedia.org

POPULATION (2017) WEATHER

Source: intellicast.comSource: Zonda

Total Population

No. of Households

Median Household Income

Homeownership Rate

Median Age

January Average

July Average

Precipitation

172,237

51,090

$51,266

60.0%

32.3

High 58.7º, Low 31.1º

High 97.8º, Low 66.8º

7.38”

M A J O R E M P L O Y E R SAccording to the City’s 2011,Comprehensive Annual Financial Report, the top employers in the city are:

1 Edwards Airforce Base 11,990

2 China Lake NWC 6,520

3 Northrop-Grumman 4,020

4 County of Los Angeles 3,912

5 Lockheed Martin 3,000

6 AV Hospital 2,600

7 AV Union High School District 2,500

8 Lancaster School District 2,200

9 Palmdale School District 2,100

10 Antelope Valley Mall 1,975

State

County

Mayor

Incorporated

Website

California

Los Angeles County

R. Rex Parris

November 22, 1977

cityoflancasterca.org

Source: wikipedia.org

LANCASTER

Source: Zonda; US Census; Nielsen; Meyers Research LLC

Historical Annual Growth

Forecasted Annual Growth

1.2%

1.2%

T O T A L P O P U L A T I O N

172,237192 ,000

176 ,000

160 ,000

144 ,000

128 ,000

112 ,0002000 2010 2018E 2023F


Downtown Lancaster - THE BLVD

BEX

BLVD CINEMAS

KINETIC BREWING COMPANY

HOT ROD DOGZ

Travel time from subject site toDowntown Lancaster

4.5Miles

10Minutes

SUBJECT SITE


Antelope Valley Economic Alliance

Area Prof i le Quick FactsEDWARDS AIR FORCE BASEAIR FORCE FLIGHT TEST CENTER:

8 | GAVEA WWW.SoCalLeadingEdge.org

All regional economies go through periods of ups and downs—but it would be fair to say that over the past few decades the Greater Antelope Valley area has faced a higher proportion of downs. The region was hit hard by the substantial decline in defense spending and sharp contraction in the aerospace industry that occurred in the early 1990s. It then suffered disproportionally from the real estate bust during the more recent ‘Great Recession’.

The good news is that the Antelope Valley is on an upswing and clearly recovering from the recession. Home prices have been on the rise, increasing at a 9% clip through 2015. Unemployment is falling, and taxable sales in the area are growing at a healthy 5% pace. Population growth is holding steady at a little less than 1%. And the economic outlook is solid. Overall job growth in the region is above 2%. While new construction remains subdued locally, growing unaffordability in the core areas of Los Angeles will undoubtedly create a new surge in local demand over the next few years.

But more exciting is the new growth that is occurring in the Antelope Valley’s traditional industry—aerospace. This isn’t your father’s aerospace industry, back when gutsy test pilots and bigger jet engines defined the industry. Today, it is all about material sciences and advanced computer technology. Consider some of the major recent news in the area. In Mojave, Paul Allen is building one of the biggest planes ever for launching satellites into space. Northrop Grumman won the contract to build the next U.S. stealth bomber in Palmdale. NASA, the Air Force, and the Navy all are in the midst of redesigning major weapons systems and all have significant facilities in the area.

All of these efforts require massive R&D activity and extensive high tech supply chains – bringing in a new wave of suppliers and sub-contractors. These will be high tech firms with highly skilled employees and represent an opportunity for the area to become a high tech hub. But in the Antelope Valley, the hub will be about the very large rather than the very small as is the case in that famous valley in the northern part of the state.

The key is to make it as easy as possible for these companies and workers to enter the area. This means good planning for site selection purposes, continuing to invest in infrastructure and roads that connect the region to other areas, and investing in information flows via fiber optic lines. Regional development groups should concentrate on creating strategies to bring in early stage financing. Many entrepreneurs will undoubtedly see the potential for new businesses and technologies emerging from the new wave of aerospace activity.

But it also means making sure that the Antelope Valley is a place where tech workers want to live. Improving local school districts, expanding entertainment and retail options, and making space for high-end housing are all often-unappreciated aspects of economic development. And there is no shortage of natural assets in the high desert—it only takes vision to leverage them.

It is truly an exciting time for the Antelope Valley region, and we at Beacon Economics are thrilled to be part of the changing scene, working with the team at GAVEA, as the future of Silicon Sky continues to unfold.

Christopher Thornberg, PhD is an economist and Founding Partner of Beacon Economics LLC. He is also Director of the Center for Economic Forecasting and Development at the UC Riverside School of Business Administration and an Adjunct Professor at the School.

Antelope Valley:The Unfolding of Silicon SkybyChristopher Thornberg, Beacon Economist

REGIONAL POPULATION 539,174------------------------------------------------ Annual Growth REGIONAL TOTAL2021 Projected 576,2232016 Estimate 539,1742010 Census 496,024------------------------------------------------ Population by Origin REGIONAL TOTALNot Hispanic or Latino 299,407 Hispanic or Latino 239,767 ------------------------------------------------ Population by Race REGIONAL TOTALWhite 287,802Black/African American 77,532American Indian/Alaskan Native 5,395Asian 20,089Native Hawaiian or Pacific Islander 1,303Other 116,851Two or more Races 29,817Median Age 37

Regional Housing REGIONAL TOTALAverage Household Income $ 66,591 Per Capita Income $21,006Housing Units 163,956Persons per Household 2.85Owner Occupied 66.2%Average Length of Residence (yrs)* 14.60%*Owner occupied.------------------------------------------------ Economy REGIONAL TOTALCost of Doing Business Low to Moderate(Property Taxes not Included) *2015 numbers not available at press time. ------------------------------------------------ Ethnicity (Language?) Total %Primarily Speak English 354,242 70.9%Primarily Speak Spanish 123,078 24.6%Speak Other Language 22,084 4.4%*Pop. Age 5+ 499,417

Age Specific Total %0-17 145,571 27.00%18-54 271,829 50.42%55-64 63,611 11.80%Over 65 58,163 10.79% 539,174 ------------------------------------------------ Education Total %HS Graduate/GED 89,043 26.8%Some College/Assoc. Deg 121,468 36.6%Bachelor’s Degree & + 54,401 16.4%*Pop Age 25+ 331,894 ------------------------------------------------

Source: The Nielsen Company

AREA PROFILE















AREA PROFILE















AREA PROFILE

Paul Allen is building one of the biggest planes ever for launching satellites into space. Northrup Grumman won the contract to build the next U.S. stealth bomber in Palmdale. NASA, the Air Force, and the Navy all are in the midst of redesigning major weapons systems and all have significant facilities in the area. All of these efforts require massive R&D activity and extensive high tech supply chains – bringing in a new wave of suppliers and subcontractors. These will be high tech firms with highly skilled employees and represent an opportunity for the Antelope Valley to become a high tech hub.” – Christopher Thornberg, PhD

“S o u rc e : G re a te r A n te l o p e Va l l e y Ec o n o m i c A l l i a n c e 2 0 1 6 Ec o n o m i c R o u n d t a b l e R e p o r t

S o u r c e : T h e N i e l s e n C o m p a n y30 | GAVEA WWW.SoCalLeadingEdge.org

NORTHROP GRUMMAN – ANTELOPE VALLEY Northrop Grumman is one of the largest private aerospace employers in the Antelope Valley. Northrop Grumman Aircraft Integration Center or Excellence is celebrating its third anniversary with record milestones in 2015. The Palmdale Center of Excellence provides the opportunity to continue its efforts of being a dedicated community partner. The site provides assembly, integration, testing and long-term maintenance capabilities for some of the world’s most advanced aircraft systems including the F-35 Joint Strike Fighter, B-2 Spirit bomber, and the RQ-4 Global Hawk and MQ-4C Triton unmanned aircraft. More than 125 job openings currently exist in Palmdale, so we are hiring.

2015 Milestones:• Northrop Grumman Corporation delivered on a commitment to the

U.S. Air Force to increase the availability of the B-2 stealth bomber fleet by completing a periodic “wingtip-to-wingtip” overhaul of the jet in a record 359 days achieving $900 million overall cost savings.

• Unveiling and first take off of NATO’s first Alliance Ground Surveillance Aircraft in Palmdale.

• Northrop Grumman Corporation and the U.S. Navy successfully demonstrated fully autonomous aerial refueling (AAR) with the X-47B Unmanned Combat Air System Demonstration (UCAS-D) aircraft, marking the first time in history that an unmanned aircraft has refueled in-flight.

• Northrop Grumman delivered the first center fuselage for Israeli and Japanese F-35 Joint Strike Fighter, an F-35A conventional takeoff and landing (CTOL) aircraft designated AX-1.

• U.S. Zero Waste Business Council awarded the silver Zero Waste Certification to Northrop Grumman, making the corporation the FIRST large manufacturing and aerospace company to achieve zero waste.

• Received the “Good Corporate Citizen” recognition from the City of Palmdale and Los Angeles County Sanitation District

• Northrop Grumman is committed to giving back to our local community and raised more than $110,000 for local charities to help seniors, veterans and schools.

• Northrop Grumman Corporation ranked 35th on DiversityInc’s annual list for the Top 50 Companies for Diversity. The company remained the top rated aerospace and defense company in the overall rankings and was ranked number one in the support to veteran’s specialty list.

LOCKHEED MARTINLockheed Martin is a global security and aerospace company that employs approximately 126,000 people worldwide and more than 3,000 people locally. The Antelope Valley location is home to the iconic Skunk Works® known for solutions that push the state of the art in support of the nation’s most pressing needs. Working advanced development projects, the Skunk Works team is focused on rapid prototyping, design, development, manufacture, integration and sustainment of manned and unmanned aircraft systems. Employees are very active in the community with emphasis working to inspire students to pursue careers in the technology arena and in support of military and veterans causes.

Lockheed Martin is proud of its more than 100-year partnership with the good people of the state of California.

NAVAL AIR WEAPONS STATION – CHINA LAKENAWS China Lake installation is the Navy’s largest single landholding, representing 85 percent of the Navy’s land for RDAT&E use and 38 percent of the Navy’s land holdings worldwide. In total, its two ranges and main site cover more than 1.1 million acres, an area larger than the state of Rhode Island.

The roughly $3 billion infrastructure of the installation is comprised of 2,132 buildings and facilities, 329 miles of paved roads and 1,801 miles of unpaved roads. The 19,600 square miles of restricted and controlled airspace at China Lake makes up 12 percent of California’s total airspace and provides an unprecedented venue for integrated testing and training of today’s war-fighter.

The workforce at China Lake is a mixture of military, civilians and contractors that are employed across multiple tenant commands. There are approximately 694 active duty military, 4,471 civilian employees and 1,850 contractors’ employees that work at the installation.

EDWARDS AIR FORCE BASE The 412th Test Wing is the host wing for Edwards Air Force Base. Edwards AFB is 308,000-acres, or 481-square miles in area, in Kern, Los Angeles and San Bernardino counties. The Test Wing plans, conducts, analyzes and reports on all flight and ground testing of aircraft, weapon systems, software and components, as well as modeling and simulation for the Air Force. The Wing has three core flight test mission components: flying operations, maintenance and engineering. Edwards AFB is also the home of the Air Force Test Pilot School. The Wing also oversees the base’s day-to-day operations and provides support for more than 9,700 military, federal civilian and contract personnel. Major tenants include NASA Armstrong Flight Research Center, and Air Force Research Laboratory’s Aerospace Systems Directorate.

2015 Milestones: Significant milestones for the 412 TW in FY15 included execution of successful test programs for major weapons systems including; the F-35, KC-46, F-22, C-17, B-1, B-2, B-52, KC-135, Global Hawk UAV, support for Foreign Military Service programs for the F-16 and F-15 Saudi Arabia, and preparation for future test missions facilitated by completion of the F-16 Consolidation, and F-22 Relocation contract.

EDWARDS AIR FORCE BASEAIR FORCE FLIGHT TEST CENTER:

QUICK FACTS

COMBINED ECONOMIC IMPACT:

$1.49 Billionwww.edwards.af.mil *As reported in the 2014 Economic Impact Analysis

Military Personnel 1,927(Active, Reserves/Natl. Guard, etc) Civilian Personnel 7,847 Family Members 2,216

TOTAL PERSONNEL 11,990

Military Pay $ 118,984,039Civilian Pay $ 401,125,287

TOTAL PAYROLL $ 520,109,326

Estimated indirect jobs created locally 11,453

Average Annual Pay $ 58,015

Total Payroll $ 520,109,326

Contract Expenditures$ 304,285,876

Estimated Total Value of Jobs Created$ 664,445,795



S o u rc e : G re a te r A n te l o p e Va l l e y Ec o n o m i c A l l i a n c e 2 0 1 6 Ec o n o m i c R o u n d t a b l e R e p o r t

Regional Employment by Industry


COMPANY ........................Approx. # of Employees 2015

AEROSPACE / AVIATIONEdwards Air Force Base ...................................... 11,990Naval Weapons Air Station - China Lake ................ 6,520Northop Grumman ............................................... 4,020Lockheed Martin ................................................... 3,000NASA Armstrong Flight Research Center ............... 1,218Boeing ...................................................................... n/aScaled Composites .................................................. 596The Spaceship Company ......................................... 330Stratolaunch ............................................................ 250PPG Aerospace ........................................................ 180Virgin Galactic ............................................................ 93

GOVERNMENT/CORRECTIONSCounty of Los Angeles........................................... 3,912CA State Prison (LA County) .................................. 1,476CA Correctional Institute (Tehachapi) ..................... 1,462California City State Prison ....................................... 683City of Lancaster~ ................................................... 350City of Palmdale ....................................................... 186City of California City ............................................... 155County of Kern (AV Region only) ............................... 100

EDUCATION/LEARNINGAV Union High School District ................................ 2,500Lancaster School District ...................................... 2,200Palmdale School District ....................................... 2,001Antelope Valley College ......................................... 1,500Westside School District ....................................... 1,273Tehachapi Unified School District ............................. 518Mojave Unified School District ** .............................. 480Southern Kern School District .................................. 436Sierra Sands School District ..................................... 400

HEALTHCARE/HEALINGAntelope Valley Hospital Medical Ctr ..................... 2,600Palmdale Regional Medical Center ....................... 1,100Kaiser Permanente ............................................... 1,030Ridgecrest Regional Hospital ................................... 721High Desert Health Systems* ................................... 585High Desert Medical Group ..................................... 358Tehachapi Health District* ........................................ 260AMR ......................................................................... n/a

MANUFACTURING/MININGRio Tinto Minerals ................................................. 1,200Lance Campers ........................................................ 465Sun Select Produce.................................................. 310Kinkisharyo International, L.L.C ................................ 258Incotec .................................................................... 250Deluxe Checks ......................................................... 240Sygma ..................................................................... 240Morton Manufacturing ............................................. 220US Pole .................................................................... 180Delta Scientific ........................................................ 175BYD ......................................................................... 250Golden Queen Mining, Co. ........................................ 150BAE ......................................................................... 145Progress Rail ........................................................... 140Lehigh Southwest Cement, Co. ................................ 120Cal Portland Cement ................................................ 120Granite Construction ................................................. n/aGolden Queen Mining ............................................... 150

ENERGY/RENEWABLES/WASTESouthern California Edison ....................................... 244Waste Management ................................................. 135GE Wind ................................................................... 134World Wind & Solar .................................................. 134TerraGen .................................................................... 90

RETAILINGWal-Mart (5) ......................................................... 1,922Antelope Valley Mall (All Stores) ........................... 1,975Albertson’s (All Stores) ............................................ 682Rite-Aid Distribution Center ...................................... 583Home Depot (4) ........................................................ 550Michael’s Distribution Center ................................... 550Vallarta (All Stores) .................................................. 435Lowe’s (All Stores) .................................................. 350Target (3) ................................................................. 345Costco ..................................................................... 325Sam’s Club .............................................................. 190Kohl’s ...................................................................... 150

* includes contract personnel^ includes interns~ includes part-time** includes substitutes on payroll

REGIONAL EMPLOYMENT BY INDUSTRYLargest Employers

RETAIL SALES

CALENDAR YEAR 2010 2011 2012 2013 2014 2015 % Growth ‘14/’15

Lancaster $ 1,308,968,000 $ 1,468,176,100 $ 1,558,359,000 $ 1,603,048,500 $ 1,621,577,900 $ 1,648,958,000 1.69%

Palmdale $ 1,291,750,500 $ 1,356,565,000 $ 1,421,475,800 $ 1,437,113,700 $ 1,508,768,200 avail in May ‘16 n/a

Ridgecrest $ 275,380,800 $ 226,702,687 $ 245,000,000 $ 254,000,000 $ 260,000,000 $ 346,000,000 33.07%

Tehachapi $ 135,484,000 $ 211,009,000 $ 235,531,000 $ 250,853,000 $ 282,729,000 avail in Apr ‘16 n/a

California City $ 3,711,067 $ 3,920,733 $ 4,317,533 $ 2,779,107 $ 4,792,533 $ 3,528,293 * incomplete for FY

TOTAL $ 3,015,294,367 $ 3,266,373,520 $ 3,464,683,333 $ 3,547,794,307 $ 3,677,867,633 TBD

% of increase/Decrease N/A 8.33% 6.07% 2.40% 3.67%












RETAIL SALES


Lancaster $ 1,308,968,000 $ 1,468,176,100 $ 1,558,359,000 $ 1,603,048,500 $ 1,621,577,900 $ 1,648,958,000 1.69%


Ridgecrest $ 275,380,800 $ 226,702,687 $ 245,000,000 $ 254,000,000 $ 260,000,000 $ 346,000,000 33.07%



TOTAL $ 3,015,294,367 $ 3,266,373,520 $ 3,464,683,333 $ 3,547,794,307 $ 3,677,867,633 TBD













RETAIL SALES


Lancaster $ 1,308,968,000 $ 1,468,176,100 $ 1,558,359,000 $ 1,603,048,500 $ 1,621,577,900 $ 1,648,958,000 1.69%


Ridgecrest $ 275,380,800 $ 226,702,687 $ 245,000,000 $ 254,000,000 $ 260,000,000 $ 346,000,000 33.07%



TOTAL $ 3,015,294,367 $ 3,266,373,520 $ 3,464,683,333 $ 3,547,794,307 $ 3,677,867,633 TBD



Industr ia l Development




CALIFORNIA CITY Come join the excitement! California City continues to be the Mecca for off road enthusiast as they pursue family fun and adventure within our second community boundaries. This constant weekly flow during the annual riding season has boosted local business sales throughout by 20% with expected growth to continue as Borax Bill Park improvements to enhance safety and access continue each year!

Opportunities are limitless as the City is surrounded by new investments in Alternative Energy and Automotive Testing, with over $100 million being injected into the region! Honda North America, Hyundai, American Solar, Eight Minute Energy, and Bolthouse Solar all currently or soon will be under construction bringing jobs and growth to California City!

LANCASTER Lancaster’s largest manufacturing employers -- BYD, Morton Manufacturing and Lance Camper -- enjoyed significant employment expansions in 2015. All three companies took advantage of Lancaster’s business-friendly resources, affordable land and strong workforce, and their success is a testament to the effectiveness of the incentives that Lancaster offers its new and expanding manufacturers.

When production of the Long Range Strike-Bomber begins at Plant 42, the Antelope Valley’s economy will strengthen dramatically, taking property values and job numbers with it. With this stronger economic standing, Lancaster will be able to offer even more incentives and will continue striving to be the most affordable option for any businesses looking to relocate, expand, or begin a business in Los Angeles County.

PALMDALEKinkisharyo International, from Osaka, Japan, delivered the first of its 235 rail cars as part of a $910.6 million dollar contract with LA Metro, which has created 250 new jobs to date.

Anywind Energy Inc. unveiled its first wind turbine installation at its headquarters on Sierra Highway in Palmdale. The AWP system overcomes the problems of the conventional propeller-type wind turbine in terms of wind speed and direction, cost effectiveness, maintenance, noise and EMF emission.

Summit Power purchased the Palmdale Energy Project (formerly the Palmdale Hybrid Power Plant) and are reconfiguring the plant to meet the demands for clean power. The plant will be a “peaker” facility to augment the State’s growing renewable energy portfolio, and provide reliable energy that our local businesses and residents can count on for years to come. The project will produce more than 340 high paying jobs during the construction phase, 23 permanent high paying jobs during its operation and pump millions of dollars into the local economy through property and sales taxes.

TEHACHAPIA Look at Retail Opportunities - The recent California Retail Survey stated that Tehachapi is the 10th fastest growing retail market in the State of California. We have plenty of space and are ready for development. Take a quick look at our traffic count to determine where to locate your business and get an idea of the road traffic you can expect...22,328 Average Trips Per Day on Tucker Road alone!

Surrounded by Innovation - With the Nation’s largest windfarm, major solar projects and California’s only spaceport all just a few miles away, Tehachapi is home to many forward-thinking leaders.

INDUSTRIAL DEVELOPMENT

[A]

[A] Source: www.diamondwest.net/projects/hyundai-proving-grounds












[A]













[A]













[A]


“


As the economy strengthens, hotels and manufacturers continue to open and thrive in Lancaster. As the Antelope Valley’s identity as a tourist attraction grows, several hotel companies have opened locations in Lancaster in recent years. Notably, a Marriott TownePlace Suites extended-stay hotel opened in 2014 and its representatives have since played a very active role in ‘Destination Lancaster,’ helping to guide local tourism efforts. In 2015, the 88-room Best Western PLUS-Desert Poppy Inn opened at Avenue I and 20th Street West, providing another option for visitors to spend the night in Lancaster and another strong contributor to Lancaster’s tourism efforts. As established hoteliers continue to move to Lancaster, even more tourism-related developments are expected from Destination Lancaster and its passionate Board Members.

COMMUNITY TRENDS

City-Assisted Dealership Expansions: The City helped create the expansion of Lancaster Honda and began the expansion process with Hunter Dodge Chrysler Jeep Ram/Hunter Fiat, as the firm has consistently been the top Dodge truck dealer in LA County. It’s All Happening on The BLVD: Downtown Lancaster continues to attract new businesses and investment; during 2015, seven new businesses opened on The BLVD, including a churrasco-style Brazilian restaurant, a modern tea room and Double D Cupcakes, an award-winning cupcake shop. Stakeholders Get in the Game: Business owners in The BLVD Commercial District have stepped up to manage it as members of the District’s Board. The synergism of collective stakeholder leadership will bring even more prosperity to one of Lancaster’s core commercial centers.

Healthy Heart of the AV: The Lancaster City Council’s vision of a region united by a central health community is materializing in the Lancaster “Medical Main Street,” a partnership with Antelope Valley Hospital to provide healthcare in an active lifestyle-oriented environment.

Auto Mall with a Pedestrian Focus: Lancaster Auto Mall redesign plans continue moving ahead, featuring a design style with proven success in cultivating an atmosphere where sales and foot traffic are the top priorities. Prioritizing Job Creation: The City of Lancaster is preparing to launch a digital/print marketing campaign aimed at attracting major job creators to the area. This initial campaign will conclude in March with a broker/business-owner networking event. Aerospace Project to Reduce Unemployment: Long Range Strike-Bomber production will create regional manufacturing jobs and thousands of spin-off jobs. Lancaster will benefit as residents take advantage of increased employment opportunities at Plant 42 and Edwards Air Force Base.

Grassroots Regional Branding: The City is partnering with regional organizations to develop a program to train community members as ambassadors to attract and welcome tourists and businesses to the area. Tourism Surge: Transient Occupancy Tax has risen 27% since 2011 thanks to Destination Lancaster’s emphasis on facilitation of City/Hotelier partnerships and marketing efforts, such as the recently-launched quarterly “AVentures” magazine. Its new website will also launch in early 2016.

ELECTED OFFICIALSMayor .........................R. Rex Parris Vice Mayor .................Marvin Crist Councilmembers ......Raj Malhi, Ken Mann, Angela Underwood-Jacobs

COMMUNITY CONTACTSMark Bozigian City Manager 661 -723-6133Vern Lawson Economic Development Director 661 -723-6108

LANCASTER2016 POPULATION ESTIMATE [A] 165,3612010 Census Population 156,6332020 Projection [B] 167,376

POPULATION CHARACTERISTICSMedian Age 32.2Spanish Speaking 20.12%

POPULATION BY ORIGINNot Hispanic or Latino 57.87%Hispanic 42.13%

POPULATION BY ORIGINWhite Alone 46.82%Black or African American 20.34% American Indian and Alaska Native 0.99%Asian Alone 4.15%Native Hawaiian / other Pac.Island 0.23%Some Other Race 21.89%Two or More Races 5.58%

AVERAGE HOUSEHOLD INCOME $64,09093534 $49,22993535 $57,38493536 $85,656

HOUSING - 20152015 Median Housing (factfinder.census.gov)93534 $128,00093535 $120,30093536 $215,100Housing Units (COL B&S dept.) 52,636Person per Household (avg.) 3.14Homeowners (avg.) 59.15%

EDUCATION (age 25+) 118,708No High School Diploma 17.93%High School Graduate 29.28%Some College, no degree 26.68%Associate’s Degree 9.49%Bachelor’s Degree 11.10%Master’s Degree 4.14%Profession School Degree 0.76%Doctoral Degree 0.61%

WORKFORCE 76,843Architect/Engineer 2.79%Arts/Entertain/Sports 1.00%Building Grounds Maint 4.23%Business Financial Ops 2.80%Community Soc Svcs 2.08%Computer/Mathematical 1.59%Construction/Extraction 6.07%Edu/Training/Library 6.82%Farm/Fish/Forestry 0.47%Food Prep/Serving 4.59%Health Practitioner/Tech 6.47%Healthcare Support 2.68%Maintenance Repair 4.37%Legal 0.54%Life/Phys/Soc Sociology 0.27%Management 8.34%Office/Admin Support 14.38%Production 4.54%Protective Services 3.83%Sales/Related 11.43%Personal Care/Service 4.18%Transportation/Moving 6.54%

Source(s): Nielsen Inc. [A] City of Lancaster [B] Southern California Association of Governments

LANCASTERwww.cityoflancasterca.org

44933 Fern Avenue Lancaster, California 93534

661-723-6128

“[BYD] could eventually be one of the largest employers in the region… I’m excited they chose Lancaster.”

-- Kevin McCarthy, United States House of Representatives Majority Leader

Top photo: BYD Senior Vice President Stella Li leads House of Representatives Majority Leader Kevin McCarthy and Lancaster Mayor R. Rex Parris on a tour of BYD’s state-of-the-art electric bus manufacturing facility in Lancaster.

Bottom photo: Marilyn Norris of Double D Cupcakes showcases the delectable delights at her new location on The BLVD in downtown Lancaster. Double D is one of the latest of 60 new businesses to open on The BLVD since its revitalization.



COMMUNITY TRENDS


















661-723-6128







COMMUNITY TRENDS


















661-723-6128







COMMUNITY TRENDS


















661-723-6128





BYD Motors of China is the foremost manufacturer of all-electric transit buses. From two assembly plants in Lancaster, BYD is fabricating both emission-free vehicles and the long-range power cells which drive them all day long. Recently, the company won contracts to supply up to 800 buses to the state of Washington’s Department of Transportation.





Article

BYD Signs Jobs Agreement at Lancaster PlantBY MARK MADLER

MONDAY, JULY 17, 2017

BYD Motors Inc. announced Monday signing a community benefits agreement with Jobs to Move America to create job opportunities for underserved

people at the company’s Lancaster manufacturing plant.

The agreement calls for BYD to create pre-apprenticeship and training programs for veterans, returning citizens, women and African Americans at its Ante-

lope Valley plant that makes electric buses.

BYD has committed to a goal of recruiting and hiring 40 percent of its workers from the groups facing barriers to manufacturing jobs, the company said.

Jobs to Move America is a national coalition based in Los Angeles of labor, environmental, civil rights and other groups advocating for good jobs in the trans-

portation industry.

BYD Motors is the U.S. subsidiary of Chinese electric vehicle and battery manufacturer BYD Co. Ltd. Its Lancaster facility opened in 2013 and now employs

more than 600 workers.

In 2014, Jobs to Move America reached a similar agreement with Kinkisharyo International, the El Segundo-based U.S. arm of Kinki Sharyo Co. Ltd. of Osaka,

that is making light rail cars in Palmdale. The agreement is to develop readiness training programs for veterans, women and other disadvantaged workers to

be qualified for manufacturing jobs in Palmdale.

DISCLAIMERThe information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Lancaster, County of Los Angeles, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.

This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation.

In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller.

This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller.

Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers.

POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14)

A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations.

Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.

Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.

Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.

In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.

Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller.

Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.

The terms and conditions set forth above apply to this Brochure in its entirety.

w w w . h o f f m a n l a n d . c o m

Southern California Office

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T (949) 553-2020

Coachella Valley Office

777 E Tahquitz Way, Suite 200

Palm Springs, California 92262

T (760)969-7357

Northern California Office

3447 Mt Diablo Boulevard

Lafayette, California 94549

T (925) 954-1804

Nevada Office

9205 W Russell Rd, Suite 235

Las Vegas, Nevada 89148

T (702) 793-04370

The

Hoffman

Company

Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A

37.45 ACRES · 30TH ST W 20TH ST W 10TH ST W 40TH ST W 50TH ST W W AVENUE H W AVENUE I 14 SUBJECT...

Documents

Transcript of 37.45 ACRES · 30TH ST W 20TH ST W 10TH ST W 40TH ST W 50TH ST W W AVENUE H W AVENUE I 14 SUBJECT...