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P R E S E N T E D B YBruce HaulleyAssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) [email protected]: CA 01239289
Market Positioning and Pricing Analysis
AMBOY DEVELOPMENT CORNERAdobe Rd. & Amboy Rd. • 29 Palms, CA 92277
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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
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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
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AMBOY DEVELOPMENT CORNER
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FINANCIAL
ANALYSIS
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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.
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AMBOY DEVELOPMENT CORNER
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MARKET
COMPARABLES
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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
1
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
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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
2
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
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www.MarcusMillichap.com
Bruce Haulley
AssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) [email protected]: CA 01239289
P R E S E N T E D B Y
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