bnz one capital - loopnet...40th east & q-6 sold $ 280,002 5.00 $ 56,000 $1.29 pdr1-7000...

BnZ One CapitalIntelligent Investment Strategies

BnZ One Capital LLC

Headquarters Office – Southern California:

21163 Newport Coast Drive, Suite 401 • Newport Coast, CA 92657

Telephone: 1 (800) 330-0652

Satellite Office – Northern California:

875 Mahler Road, Suite 201 • Burlingame, CA 94010

Brett BarberCalDRE License #02000761

Cell: 1 (714) 791-2719 • Email: [email protected]

Louis A. ZimmerleCalDRE License #01922190


BnZ One CapitalReal Estate Investment Opportunity Profiles

Featuring…

40 +/- acres of premium land (30 acres zoned R7000 residential &

10 acres zoned C3 commercial) in two contiguous parcels located

at 42nd Street East and Palmdale Boulevard in Palmdale, California

Presenting Premium California

Pre-Developed Land

BnZ One: Real Estate Investment Opportunity Profiles

40 acres of premium land on East Palmdale Boulevard in Palmdale, California:

• 30 acres zoned and mapped for 102 homes offered for $1,212,493

• 10 acres zoned Commercial / Retail offered for $989,750

Total asking price for all 40 acres - $2,202,243

Palmdale Aerospace Academy

Residential Subdivisions

East Palmdale Boulevard

East Avenue Q

Manzanita Elementary

School

Palmdale High School



Home Depot

Target

Bank of America

City of

Palmdale

30 Acres Residential

10 Acres Commercial

Wildflower Elementary

School

South Valley Health Center

42

nd

Stre

et E

ast

40

thS

treet E

ast

Premium 30-acre residential property in Palmdale, California zoned R7000 with Tentative Tract Map

Price per acre gross (30 acres) – $40,416 Price per acre net (29.3 acres) – $41,382

Price per square foot net (1,276,308) – .95 cents

Total Asking Price: $1,212,493

LOCATION & ZONING: Subject parcel located in the rapidly growing community of Palmdale,

California at 42nd Street East & East Avenue Q with R7000 single-family residential zoning

which includes single-family detached dwellings with a minimum lot size of 7,000 sq. ft. per

unit. This parcel has an approved and active Tentative Tract Map (TTM) for 102 homes, with

access to all utilities already available in the street.

TOTAL ACREAGE: 30.0 Acres Gross 29.3 Acres Net

DIMENSIONS: ≈ 1,934ʹ X 660ʹ / ≈ 590m X 201m

UTILITIES: Access to all utilities available in the street

• Located in the City of Palmdale with single-family residential zoning (R7000) and an active / approved Tentative Tract Map (TTM) which provides for the development of 102 single-family homes on the parcel.

• Subject parcel is fronting East Avenue Q (a future 80’ wide paved roadway) and 42nd Street East (partially paved roadway) with easy access to all utilities for immediate development. Parcel is located within Palmdale Water District 10.

• Subject parcel is located directly adjacent to growing residential subdivisions and in very close proximity to numerous schools and major shopping centers

Vicinity of 42nd Street East & East Avenue Q in Palmdale, California

Los Angeles County – Antelope Valley

Total Asking Price - $1,212,493


East Avenue Q





ManzanitaElementary

School



School

City of Palmdale42

nd

Stre

et E

ast

40

thS

treet E

ast

Palmdale High School

• Current asking price is below market and compares favorably with all other residential sales nearby… especially in light of the fact that this parcel has an Active TTM for 102 homes and none of the other comparable sales has an active or inactive TTM.

• Residential development directly to the west was designed to dovetail into this new 102 home development. The two projects were designed to be compatible, relative to ingress/egress and traffic flow.






City of Palmdale


School

East Avenue Q


42

nd

Stre

et E

ast

40

thS

treet E

ast




School


• Tentative Tract Map (TTM) is valid through 05/20/2020. Owner of record needs to submit an application for extension before 02/19/2020. Per the Palmdale Planning Department, a 3-year TTM extension approval is a mere formality provided owner files the application and pays the applicable fee (estimated between $4,000 - $5,000) for the TTM extension.

• California’s “Density Bonus Law” allows for density bonuses of up to 20%, should owner decide to redesign the project and add a low income or senior component.




Active / Approved Tentative Tract Map (TTM) provides for the development of 102 single-family homes on lots ranging from 7,500 – 16,500+ sq. ft.




School



East Avenue Q


40

thS

treet E

ast

42

nd

Stre

et E

ast

City of Palmdale

Active / Approved Tentative Tract Map (TTM)provides for development of 102 single-family

homes on lots ranging from 7,500 – 16,500+ sq. ft.


• Tentative Tract Map (TTM) is valid through 05/20/2020. Owner of record needs to submit an application for extension before 02/19/2020. Per the Palmdale Planning Department, a 3-year TTM extension approval is a mere formality provided owner files the application and pays the applicable fee (estimated between $4,000 - $5,000) for the TTM extension.

• California’s “Density Bonus Law” allows for density bonuses of up to 20%, should owner decide to redesign the project and add a low income or senior component.

12© 2019 Angel Global Capital LLC. All Rights Reserved. Confidential.

Active and comparable sales in the neighborhood...

ACTIVE & COMPARABLE SALES NEAR APN: 3023-003-037 (R-7000) SORTED BY PRICE

LOCATION STATUS PRICE NET ACRES PPA PPF ZONING DATE COMMENTS

67th E. & E Palmdale ACTIVE $ 1,295,000 9.24 $ 140,152 $3.22 PDR1-7000 9/18/2018 Not as desirable, 2½ miles further east of subject parcel

65th East & R-7 ACTIVE $ 49,000 1.10 $ 44,545 $1.02 PDR1-7000 2/21/2018 Not as desirable, 2½ miles further east of subject parcel

51st E & East Palmdale ACTIVE $ 1,000,000 19.0 $ 52,632 $1.20 PDR1-10,000 2017 Needs map –

40th East & Q-6 SOLD $ 280,002 5.00 $ 56,000 $1.29 PDR1-7000 4/2/2019 Two parcels away from subject parcel

26th East & Q-2 SOLD $ 50,000 0.58 $ 86,655 $1.99 PDR1-10000 12/31/2018 Unpaved

32nd East & Avenue S SOLD $ 48,500 0.66 $ 73,485 $1.69 PDR1-20000 8/27/2018 Narrow lot with room for 1 home

Subject Parcel – APN: 3023-003-037

Asking price per acre net (29.3 acres) – $41,382

Asking price per square foot net (1,276,308) – .95 cents

Total Asking Price: $1,212,493


The neighborhood surrounding our premium land offering is buzzing with new development. Currently, there is active commercial construction on the northwest corner of 40th Street East & East Palmdale Boulevard. In addition, the Palmdale Aerospace Academy located at the southwest corner of 30 th Street East & East Palmdale Boulevard has finished construction of their new campus facility and just purchased an additional 38 acres of land directly adjacent to their new facility for future expansion of their growing academy.

Seven schools are located within 2 miles of our subject parcels, with many outdoor recreational amenities nearby including Desert Aire Golf Course, Dry Town Water Park, Oasis Recreational Center, Domenic MassariPark, William McAdam Park and more.

Excellent retail shopping centers within a 2-mile radius include Home Depot, Target, CVS, Rite-Aid, Kaiser Permanente Medical Center, Walgreens, Walmart Super Center, South Valley Health Center, Lowe’s, Ross, Big 5 Sporting Goods, PetSmart, Staples, as well as banks, supermarkets, and a wide variety of restaurants.

These excellent, well-located parcels are situated only 3 miles from the aerospace engineering capital of the USA with mega employers like Boeing, Lockheed Martin, Northrop Grumman, Morton Manufacturing, NASA, Air Force Plant 42 and many others.

The proposed High Desert Corridor (which follows Avenue P-8 just ½ mile north of our subject parcels) includes High-Speed Rail, bike paths, solar panels, and a new freeway system linking the Antelope Valley with San Bernardino County and Los Angeles. The freeway portion of the project is currently suspended pending a new Supplemental Environmental Impact Report (SEIR), while the rail portion of the corridor which will provide High-Speed Rail service between Palmdale, Victorville, and Las Vegas continues to acquire land for rail construction.

About the Neighborhood: Palmdale, California

Rare 10-acre Commercial / Retail parcel (zoned C3) on East Palmdale Boulevard in Palmdale, California

Price per acre gross (10 acres) – $98,975 Price per acre net (9.25 acres) – $107,000

Price per square foot net (402,930) – $2.45

Total Asking Price: $989,750

LOCATION & ZONING: Subject parcel located in the rapidly growing community of Palmdale,

California at 42nd Street East & East Palmdale Boulevard with rare C3 commercial / retail

zoning, complete with easy access to all utilities available in the street and situated directly

adjacent to growing residential subdivisions. This parcel is ready for immediate development

and suitable for major retail outlets and community shopping centers.

APN: 3023-003-038 • TOTAL ACREAGE: 10.0 Acres Gross 9.25 Acres Net

DIMENSIONS: ≈ 655ʹ X 615ʹ / ≈ 200m X 188m

UTILITIES: Access to all utilities available in the street

• Located in the City of Palmdale with rare Commercial / Retail zoning (C3).

• Subject parcel is fronting busy East Palmdale Boulevard (Hwy 138 - a main east / west thoroughfare) with over 650 feet of paved frontage and easy access to all utilities and ready for immediate development. Parcel is located within Palmdale Water District 10.

• Subject parcel is located directly adjacent to growing residential subdivisions and in close proximity to numerous schools and shopping centers

42nd Street East & East Palmdale Boulevard in Palmdale, California


Total Asking Price - $989,750


East Avenue Q





ManzanitaElementary

School



School

City of Palmdale

42

nd

Stre

et E

ast

40

thS

treet E

ast

• Current asking price is below market and compares favorably to all other nearby comparable commercial parcel sales. The Tractor Supply / Circle K development at the northwest corner of 40th Street East and Palmdale Boulevard (¼ mile away) exhibits very high-priced sold comparables.

• The parcels adjacent to the Circle K and Tractor Supply pads are being offered between $10 to $15 per square foot. Public records indicate that the 3.68 acre Tractor Supply pad sold for over $24 per square foot and the prime 1.72 acre Circle K corner pad sold for over $11 per square foot last year.


42nd Street East & East Palmdale Boulevard in Palmdale, California


Total Asking Price - $989,750



City of Palmdale


School

East Avenue Q


42

nd

Stre

et E

ast

40

thS

treet E

ast

ManzanitaElementary

School


Active and comparable sales in the neighborhood...Subject Parcel – APN: 3023-003-038 (C-3 Zoning)

Asking price per acre net (9.25 acres) – $107,000 • Asking price per square foot net (402,930) – $2.45

Total Asking Price: $989,750

ACTIVE & COMPARABLE SALES NEAR APN: 3023-003-038 (C-3, GENERAL COMMERCIAL) SORTED BY PRICE

LOCATION STATUS PRICE NET ACRES PPA PPF ZONING DATE COMMENTS

NWC 40 E. & Palmdale ACTIVE $ 8,712,000 19.85 $ 438,892 $10.08 PDC-3 Directly north of Circle K & Tractor Supply

NWC 40 E. & Palmdale ACTIVE $ 4,181,760 6.95 $ 601,692 $13.81 PDC-3 Adjacent to Circle K w Palmdale Bl. Frontage

NWC 40 E. & Palmdale ACTIVE $ 3,659,040 5.48 $ 667,708 $15.33 PDC-3 Adjacent to Tractor Supply w Palmdale Bl. Frontage

45 East & Palmdale ACTIVE $ 2,888,000 38.30 $ 75,405 $1.73 PDC-2&3 4 contiguous parcels only sold together

25 East & Avenue R ACTIVE $ 2,200,000 5.69 $ 386,643 $8.88 PDC-3 Double corner with 4 total parcels

42 East & Palmdale ACTIVE $ 1,550,000 12.25 $ 126,531 $2.90 PDC-2 Directly adjacent to subject parcel

30 E. & Palmdale ACTIVE $ 1,195,000 1.83 $ 653,005 $14.99 PDC-3 Corner lot

30 East & Q-12 ACTIVE $ 530,000 4.67 $ 113,490 $2.61 PDC-3

32 East & Palmdale ACTIVE $ 259,000 0.95 $ 272,632 $6.26 PDC-3 Working on entitlements

32 East & Palmdale ACTIVE $ 229,900 0.95 $ 242,000 $5.56 PDC-3 Trying to flip the parcel

28 East & Palmdale PENDING $ 550,000 4.90 $ 112,245 $2.58 PDC-3 Broker says pending

38 East & Palmdale SOLD $ 3,876,000 3.68 $ 1,053,261 $24.18 PDC-3 1/10/2018 Tractor Supply

NWC 40 E. & Palmdale SOLD $ 855,508 1.72 $ 497,388 $11.42 PDC-3 6/28/2018 Circle K Corner

32 East & Q-9 SOLD $ 175,000 0.87 $ 201,149 $4.62 C-3 7/16/2018 Adjacent to Palmdale Aerospace Academy

BnZ One Capital LLC

Headquarters Office – Southern California:

21163 Newport Coast Drive, Suite 401 • Newport Coast, CA 92657

Telephone: 1 (800) 330-0652

Satellite Office – Northern California:

875 Mahler Road, Suite 201 • Burlingame, CA 94010

Brett BarberCalDRE License #02000761


Louis A. ZimmerleCalDRE License #01922190


BnZ One CapitalIntelligent Investment Strategies

bnz one capital - loopnet...40th east & q-6 sold $ 280,002 5.00 $ 56,000 $1.29 pdr1-7000...

Documents