177 lots tentative tract map

EXCLUSIVE OFFERING MEMORANDUM

TOPAZ AVE. & MOJAVE STREET, HESPERIA, CA177 LOTS TENTATIVE TR ACT MAP

@KurschGroup#KurschGroupCRE

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.

760.983.2598 • [email protected] #01310579 Corporate BRE #01896143

12180 Ridgecrest Rd, Suite 232, Victorville, CA 92395760.983.2383 • [email protected] • KurschGroup.com

JEREMY SCHMIDTE X E C U T I V E V I C E P R E S I D E N T

01DEVELOPMENT SUMMARY MOJAVE STREET, HESPERIA, CA

SITE SUMMARY

TRACT MAP

SITE PHOTOS

LOCAL MAP

DEMOGRAPHICS

WATER MAP

SEWER MAP

02CITY OVERVIEW SCHOOLS SUMMARY

CITY OF HESPERIA

03REGION OVERVIEW SOUTHERN CALIFORNIA LOGISTICS CENTRE

INFRASTRUCTURE PROJECTS

04MARKET ANALYSISHESPERIA HOME SALES

NEW HOME COMMUNITIES MAP

NEW HOME COMMUNITIES PRICE GRAPH

ACTIVELY SELLING NEW HOME COMMUNITIES

KURSCH GROUP WWW.KURSCHGROUP.COM

INLAND EMPIRE NORTH01

177 LOTS TTM - HESPERIA, CA

02INLAND EMPIRE NORTH KURSCH GROUPWWW.KURSCHGROUP.COM

PROPERTY OVERVIEWThe subject property provides an opportunity to deliver new homes in an active path of progress within the City of Hesperia.

LOCATIONTopaz Ave. & Mojave South is located on the south side of Mojave

Street, near the City of Hesperia Regional Community Park. MUNICIPALITY City of Hesperia (within City Limits)County of San Bernardino

ASSESSORS PARCEL NUMBER & ACREAGE0405-261-15 3.980405-261-16 4.530405-261-17 5.00405-261-18 4.770405-261-27 5.00405-261-28 5.00405-261-29 5.00405-261-30 4.08

CONDITION OF THE SITEThe site is unimproved and will be delivered “as is”.

SITE SUMMARYASKING PRICE

$2,301,000

ZONING

Low Density Residential through the Small Lot Subdivision Ordinance

ENTITLEMENT Active Tentative Map No. TT-17916 pursuant to AB-208, 177 Single Family residential lots on ±40 gross acres. Expires 7/21/2019

LOT SIZESLots range in size from 3,947 Sq. Ft. to 9,860 Sq. Ft. with an average lot size of 4,850 Sq. Ft.

HOAProject does not recommend the formation of an HOA.

CFD No site specific CFD is proposed for the property.

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

TENTATIVE TRACT MAP 177



INLAND EMPIRE NORTH05 06INLAND EMPIRE NORTH KURSCH GROUPWWW.KURSCHGROUP.COM

PROPERTY PHOTO

Aerial views southwest show the close proximity of the site to the Community Regional Park, and the I-15 Main Street Interchange (about 2 miles from the site)

Aerial Views East show the surrounding residential developments, future projects, and the Site’s close proximity to Maple Elementary School and Hesperia High School. The City of Hesperia is finishing up construction of the new water reclamation facility east of the Site.

PROPERTY PHOTO




LOCAL MAPThe project is less than ½ mile east of I-15 and the future Mojave Street overpass. Currently I-15 access is approximately 2 miles southwest of the site at the Main Street interchange where significant retail development is in progress.

The project’s location near the Hesperia Community Park offers considerable recreational facilities as well as close proximity to elementary and high schools.

There are numerous investors and builders holding land in the immediate area, positioned for Immediate developement.

CIRCULATION MAP

ROADWAY CLASSIFICATIONSARTERIALS (RoW) (Curb-Curb)Major Arterial (120’) (104’)* (92’)**Arterial (100’) (72’)Secondary Arterial (80’) (50’)Rural Collector (60’) (48’)* (40’)*** with bike lane**without bike lane

Arterial Outside CityCity BoundaryState HwyFreeway InterchangeBridge/Over-UndercrossingSpecial Street




SEWER MAP

WATER MAP

The property is served by the Hesperia Unified School District (HUSD), grade levels K-12, comprised of 32 schools including 5 charter schools and 1 adult education facility. Total enrollment is about 22,836 students with 857 teachers.

Year Population Avg Annual Growth1990 50,4182000 62,582 4.41%2010 90,173 2.41%2016 92906 0.47%2021 95449 0.54%

50,418

62,582

90,173 92906 95449

4.41% 2.41% 0.47% 0.54%0

20,000

40,000

60,000

80,000

100,000

120,000

1990 2000 2010 2016 2021

Population Avg Annual Growth




SCHOOL NAME GRADES ENROLLMENTCanyon Ridge High School 10-12 233 Carmel Elementary School K-6 731 Cedar Middle School 7-8 1,057 Community Day School 7-12 15 Cottonwood Elementary School K-6 896 Cypress School of the Arts K-6 845 Eucalyptus Elementary School K-6 667 Hesperia High School 9-12 2,045Hesperia Junior High School 7-8 930Hollyvale Elementary School K-6 427Joshua Circle Elementary School K-6 793Juniper Elementary School K-6 655Kingston Elementary School K-6 646Krystal School of Math, Science, Technology K-6 873Lime Street Elementary School K-6 775Maple Elementary School K-6 798Mesa Grande Elementary School K-6 574Mesquite Trails Elementary School K-6 942Mission Crest Elementary School K-6 1,004Mojave High School 9-12 281Oak Hills High School 9-12 2,400Ranchero Middle School 7-8 988Shadow Ridge School K-12 210Sultana High School 9-12 1,962Topaz Preparatory Academy K-8 806*Encore High School for the Arts (Charter) 7-12 1,200*LaVerne Elementary Preparatory Academy K-8 453*Mirus Secondary 7-12 335*Pathways to College K-8 348*Summit Leadership 9-12 201Career & Adult Education

* Public Charter Schools

SCHOOLS SUMMARYHESPERIA UNIFIED SCHOOL DISTRICT

CITY OVERVIEW

HESPERIA COUNTY: SAN BERNARDINO TOTAL AREA: ±73.20 SQUARE MILESINCORPORATED: JULY 1, 1988MAYOR: PAUL RUSSWEBSITE: WWW.CITYOFHESPERIA.US/

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

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

AVG JANUARY LOW TEMP: 32 FAVG JULY HIGH TEMP: 99 FAVG ANNUAL RAIN FALL: 6.19 in.ELEVATION: 3,186 ft.

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

2016 POPULATION 92,906 AVERAGE ANNUAL GROWTH (1990-2016): 1.95%FORECASTED ANNUAL GROWTH (2016-2021): 0.54%




REGION OVERVIEW

SOUTHERN CALIFORNIA LOGISTICS CENTRE

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.

Source: en.wikipedia.org/wiki/Southern_California_Logistics_Airport and victorvillecity.com/airport/

INFRASTRUCTURE

There are more than $1.8 Billion in infrastructure projects planned for the region to take place within the next 4 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.

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

WATER RECLAMATION

The Hesperia Subregional Water Reclamation Plant has recently come out of construction, and was completed in November 2017. The site location is at the northeast corner of Mojave St & Tamarisk Ave, just east of the subject property. The project components include 2 treatment plants (one in Hesperia, one in Apple Valley), force mains pipeline, percolation ponds, and a lift station for the Hesperia facility.

HESPERIA HOME 2018 VALUE

HESPERIA, CA

2018 Owner Occupied Housing Units by Value Base: 20,044

2018 Average Home Value: $305,432

2018 Median Home Value: $240, 165




TREND REPORT

TREND REPORT




1, 3, 5 MILES RADIUS DEMOGRAPHICS POPULATION 2016 20181 MILE 3,945 4,2763 MILES 57,697 60,5265 MILES 143,035 148,592

HOUSEHOLDS 2016 20181 MILE 1,028 1,1153 MILES 15,858 16,6775 MILES 40,645 42,186

MEDIAN AGE 2016 20181 MILE 29.3 29.73 MILES 30.6 30.95 MILES 30.0 30.3

AVERAGE HH INCOME 2016 20181 MILE $57,761 $64,7513 MILES $70,089 $76,4315 MILES $65,515 $70,736

SOURCE: STDB.COM ESRI FORECASTS FOR 2016 AND 2018

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.


ACTIVE MARKET

OVERVIEW

1 DR HORTON AGAVE POINTE & JUNIPER

2 FRONTIER HOMES DIAMOND RIDGE

3 KB HOMES WILDFLOWER

4 KB HOMES FALCON RIDGE

5 LEGACY HOMES SPRINGFIELD

6 WATERMARKE HOMES FOXFIRE RANCH

7 EVERGREEN HOMES SKY HAVEN II

8 EVERGREEN HOMES CEDAR HEIGHTS

9 LEGACY HOMES MOUNTAIN VIEW

9

$150,000.00

$200,000.00

$250,000.00

$300,000.00

$350,000.00

$400,000.00

1 , 0 0 0 1 , 5 0 0 2 , 0 0 0 2 , 5 0 0 3 , 0 0 0 3 , 5 0 0

BASE

PRI

CIN

G

SQUARE FOOTAGE

KB Homes Wildflower at La Haciendas KB Homes Falcon Ridge D.R. Horton Willow Pointe

Evergreen Homes Sky Haven II Evergreen Homes Cedar Heights Frontier Communities Stone Briar

Legacy Homes Springfield




NEW HOME COMMUNITIES PRICE GRAPH

WATERMARKE HOMES FOXFIRE RANCH TBD


ACTIVE NEW HOME

COMMUNITIES

DR HORTON AGAVE POINTE AND JUNIPER CITY: Victorville PRODUCT: Single Family

PRICE RANGE: $300,000-350,000 HOA: N/A

HOUSE SIZE: 1,740-2,277 SF

SOURCE: DRHORTON.COM/CALIFORNIA/VICTORVILLE

FRONTIER COMMUNITIES DIAMOND RIDGE CITY: Adelanto PRODUCT: Single Family

PRICE RANGE: $321,000 - $389,100 HOA: N/A

HOUSE SIZE: 2,017-3,024 SF

SOURCE: FHCOMMUNITIES.COM




ACTIVE NEW HOME COMMUNITIES

KB HOMES WILDFLOWER AT LA HACIENDAS CITY: Victorville PRODUCT: Single Family

PRICE FROM: $311,195 HOA: N/A

HOUSE SIZE: 1,698 - 2,899 SF

SOURCE: KBHOME.COM

KB HOMES FALCON RIDGE CITY: Victorville PRODUCT: Single Family

PRICE FROM: $276,990 - $306,990 HOA: N/A

HOUSE SIZE: 1,624 - 2,537 SF

SOURCE: KBHOME.COM


LEGACY HOMES MOUNTAIN VIEW CITY: Hesperia PRODUCT: Single Family

PRICE RANGE: N/A HOA: N/A

HOUSE SIZE: 1,834 - 3,032 SF

SOURCE: LEGACYHOMESUSA.COM

WATERMARKE HOMES FOXFIRE RANCH CITY: Victorville PRODUCT: Single Family

PRICE RANGE: TBD HOA: N/A

HOUSE SIZE: 1,848 - 2,629 SF PRICE/SF: TBD

SOURCE: WATERMARKE-HOMES.COM

ACTIVE NEW HOME

COMMUNITIES




ACTIVE NEW HOME COMMUNITIES

EVERGREEN HOMES SKY HAVEN II CITY: Victorville PRODUCT: Single Family


HOUSE SIZE: 1,601 - 2,170 SF

SOURCE: EVERGREENHOMESCA.COM

EVERGREEN HOMES CEDAR HEIGHTS CITY: Hesperia PRODUCT: Single Family


HOUSE SIZE: 1,727 - 2,909 SF PRICE/SF: $132.34 - 143.37

SOURCE: EVERGREENHOMESCA.COM

177 lots tentative tract map

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