COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591...

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EXCLUSIVE OFFERING MEMORANDUM 15403 ANACAPA ROAD, CONDOS 1A & 2A, VICTORVILLE, CA 92392 COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY

Transcript of COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591...

Page 1: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

EXCLUSIVE OFFERING MEMORANDUM

15403 ANACAPA ROAD, CONDOS 1A & 2A, VICTORVILLE, CA 92392COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY

Page 2: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

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 ContactRob KurthSenior Vice [email protected] #01244413

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

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

Page 3: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 315403 ANACAPA RD, VICTORVILLE, CA

ADDRESS 15403 Anacapa Rd, Condo Suites 1A & 2A, Victorville, CA

ASSESSOR’S PARCEL NUMBER 1A: 0396-391-01-00002A: 0396-391-02-0000

PROPERTY OVERVIEWThis Anacapa Commercial Property is situated across the street from Kaiser Permanente Medical Campus, and a strong mix of commercial, retail, restaurants and light industrial tenants are scattered throughout the immediate area. Condos will be bundled at one great price.

LOCATIONThis property is located in close proximity to the civic area of the City of Victorville, just blocks west of Interstate 15.

SITE ATTRIBUTESOffice Condos Available Contiguously ±3,401 SFCondo Suite 1A ±2,336 SFCondo Suite 2A ±1,065 SF

UTILITIESElectric Southern California EdisonGas Southwest Gas CompanySewer City of VictorvilleWater Golden State Water

MUNICIPALITY City of VictorvilleCounty of San Bernardino

ZONING C-2 General Commercial

ASKING PRICE:$300,000 Sale

Page 4: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

AERIAL

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 415403 ANACAPA RD, VICTORVILLE, CA

Page 5: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

LOCAL MAP

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 515403 ANACAPA RD, VICTORVILLE, CA

Page 6: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

1, 3, 5 MILES RADIUS DEMOGRAPHICS

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 615403 ANACAPA RD, VICTORVILLE, CA

POPULATION 2017 20221 MILE 8,511 8,8773 MILES 92,602 97,4855 MILES 178,666 187,235

HOUSEHOLDS 2017 20221 MILE 3,028 3,1323 MILES 27,220 28,3725 MILES 50,994 53,064

MEDIAN AGE 2017 20221 MILE 30.5 31.33 MILES 29.6 30.65 MILES 31.1 31.8

AVERAGE HH INCOME 2017 20221 MILE $49,547 $55,1643 MILES $59,902 $66,4635 MILES $68,412 $76,140

Source: stdb.com ESRI forecasts for 2017 and 2022The 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.

Page 7: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

CITY OVERVIEW

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 715403 ANACAPA RD, VICTORVILLE, CA

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

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

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

VICTORVILLE TOP EMPLOYERSRANK EMPLOYER # OF EMPLOYEES

1 Southern California Logistics Airport 2,0732 Victor Valley College 1,1503 Desert Valley Hospital 1,0004 Verizon 9405 Victor Valley Union High School Dist. 8776 Victor Elementary School District 8487 Federal Correctional Complex, VV 8448 Walmart 8309 Global Medical 548

Page 8: COMMERCIAL OFFICE CONDOS NEAR I-15 FREEWAY...Rob Kurth Senior Vice President 760.983.2591 RKurth@KurschGroup.com BRE #01244413 Corporate Office 12180 Ridgecrest Road, Suite 232 Victorville,

REGIONAL OVERVIEW

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 815403 ANACAPA RD, VICTORVILLE, CA

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 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.