market positioning and pricing analysis · p r e s e n t e d b y bruce haulley associate palm...

P R E S E N T E D B YBruce HaulleyAssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) 456-3410bruce.haulley@marcusmillichap.comLicense: CA 01239289

Market Positioning and Pricing Analysis

AMBOY DEVELOPMENT CORNERAdobe Rd. & Amboy Rd. • 29 Palms, CA 92277

AMBOY DEVELOPMENT CORNER29 Palms, CAACT ID ZAA0970003

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of anycorporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates orsubsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information aboutthis listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information hasbeen secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. Referencesto square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

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AMBOY DEVELOPMENT CORNER

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INVESTMENT

OVERVIEW

PROPERTY OVERVIEW

AMBOY DEVELOPMENT CORNER

PROPERTY OVERVIEW

PROPERTY OVERVIEW

§ Development site for gas station & auto

§ Signalized intersection

§ Faces military & civilian Base traffic

§ Joint venture or partial sale considered

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REGIONAL MAP

AMBOY DEVELOPMENT CORNER

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LOCAL MAP

AMBOY DEVELOPMENT CORNER

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AERIAL PHOTO

AMBOY DEVELOPMENT CORNER

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Marcus & Millichap closes

more transactions than any other

brokerage firm.

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AMBOY DEVELOPMENT CORNER

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PROPERTY PHOTO

AMBOY DEVELOPMENT CORNER

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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS

AMBOY DEVELOPMENT CORNER

PROPERTY SUMMARY

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The reader will note the severeunder-serving of the localconsumer in this area. Forinstance, residents within a 20minute drive time of the SubjectProperty spend $38 milliondollars on Food & Beverage –the local Stater Brothers is theonly grocery outlet and sells $29million annually (source: EsriResearch).The Subject Property offers anideal, competing location tocapitalize on Base traffic, LasVegas traffic, and local residents.

AMBOY DEVELOPMENT CORNER

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MARKET

COMPARABLES

AMBOY DEVELOPMENT CORNER

SALES COMPARABLES MAP

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AMBOY DEVELOPMENT CORNER(SUBJECT)

11th Ave & Mauna Loa

617 S D St

ON MARKET COMPARABLES

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2

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PROPERTY NAMEAMBOY DEVELOPMENT CORNER

SALES COMPARABLES

Avg. $3.73

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

AmboyDevelopment

Corner

11th Ave &Mauna Loa

617 S D St

Average Price Per Square Foot

Avg. $162,427

$0

$30,000

$60,000

$90,000

$120,000

$150,000

$180,000

$210,000

$240,000

$270,000

$300,000

AmboyDevelopment

Corner

11th Ave &Mauna Loa

617 S D St

Average Price Per Acre

ON MARKET COMPARABLES ON MARKET COMPS AVG

PROPERTY NAME

MARKETING TEAM

AMBOY DEVELOPMENT CORNER

SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1

rentpropertyaddress1

rentpropertyname1

rentpropertyaddress1

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ON MARKET COMPARABLES

Asking Price $4,356,000

Down Payment $4,356,000

Down Payment % 100%

Price/SF $5.00

Lot Size (Acres) 20 acre(s)

Price/Acre $217,800

AMBOY DEVELOPMENT CORNERAdobe Rd. & Amboy Rd., 29 Palms, CA, 92277

ENTITLED: YES | PERMIT READY: YES

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On Market

List Price $116,478

Price/SF $4.18

Lot Size (Acres) .64

Price/Acre $181,997

NOTESRural community, unimproved site, not on major traffic artery

11TH AVE & MAUNA LOA11th Ave & Mauna Loa, Hesperia, CA, 92345

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On Market

List Price $50,000

Price/SF $3.28

Lot Size (Acres) .35

Price/Acre $142,857

NOTESRural community, unimproved site

617 S D ST617 S D St, Eloy, AZ, 85231

www.MarcusMillichap.com

Bruce Haulley

AssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) 456-3410bruce.haulley@marcusmillichap.comLicense: CA 01239289

P R E S E N T E D B Y

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