multi-tenant industrial park - new construction...multi-tenant industrial units - victorville, ca...

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EXCLUSIVE OFFERING MEMORANDUM NORTH WEST CORNER TAMARACK DR & PARK AVE, VICTORVILLE, CA MULTI-TENANT INDUSTRIAL PARK - NEW CONSTRUCTION

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Page 1: multi-teNaNt iNDustrial Park - NeW CoNstruCtioN...mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA ProPertY overvieW Multi-tenant industrial park development project - now in construction

exclusive OFFeRiNG memORaNdum

North West CorNer tamaraCk Dr & Park ave, viCtorville, Camulti-teNaNt iNDustrial Park - NeW CoNstruCtioN

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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 ContactJeremy SchmidtExecutive Vice President760.983.2593 [email protected] #01310579

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

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TaBle OF cONTeNTs

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 3mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

01DEVELOPMENT SUMMARY 15420 Tamarack Drive & Park Avenue, Victorville, CA

SITE SUMMARYSITE MAPPRELIMINARY LANDSCAPE PLANBUILDING ELEVATIONS SITE PHOTOSLOCAL MAPDEMOGRAPHICS

02CITY OVERVIEW CITY Of VICTORVILLE

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siTe summaRY

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 4mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

ProPertY overvieWMulti-tenant industrial park development project - now in construction. Delivering first generation industrial-flex units within a mile of two I-15 interchanges.

loCatioNThe subject property is located north of Tamarack Drive and west of Park Avenue in the City of Victorville, CA. From Interstate 15: exit at Nisqualli /La Mesa and go east. Turn right on Amargosa Rd. Turn right on Tamarack Dr. The site is on the left at the corner of Park Ave.

muNiCiPalitY City of Victorville (within City Limits)County of San Bernardino

assessors ParCel Number & aCreaGe0396-091-09

CoNDitioN of the siteThe site is currently in construction

ZoNiNG iPd - industrial Park district

ParCel siZe ±1 Acre (43,622 Sq. Ft.)

builDiNG siZe sq. ft. ±14,165

uNit siZes ± sq. ft. Includes 300 SQ. FT. Office and 1 Rest Room:101 thru 108 1,770 each

Clear heiGht 14 Feet

Doors 10’ x 12’ Grade Level (Motor Operated)

hvaC 2 Ton Units to Offices

ParkiNG 33 Spaces (2.35 per 1,000 Sq. Ft.)

utilitiesElectric Southern California Edison Electrical Panel based on tenant requirementsGas Southwest Gas CompanyTelephone frontier CommunicationsWater/Sewer City of Victorville

PRIME LOCATION FUTURE dEVELOPMENT

FOR LEASE $1.25/SF/Month Modified Gross

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siTe maP

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 5mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

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PRelimiNaRY laNdscaPe PlaN

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 6mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

Aerial views west toward Interstate 15 interchange. The

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BuildiNG elevaTiONs

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 7mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

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1, 3, 5 mIleS RAdIuS demOGRAphICS

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 8mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

POPulaTiON 2017 20221 mIle 9,720 10,1333 mIleS 93,973 98,4605 mIleS 180,605 189,261

hOuSehOldS 2017 20221 mIle 3,245 3,3563 mIleS 27,534 28,6255 mIleS 51,347 53,426

mediaN aGe 2017 20221 mIle 30.5 31.23 mIleS 29.7 30.65 mIleS 30.9 31.7

AVeRAGe hh InCOme 2017 20221 mIle $52,606 $58,7703 mIleS $60,512 $67,2295 mIleS $67,916 $75,621

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.

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ciTY OveRview

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 9mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

VICTORVILLE County: saN BeRNaRdiNO total area: ±73.74 SQuARe mIleSinCorporateD: SepTemBeR 21, 1962mayor: GlORia GaRciaWeBSite: www.VICTORVIlleCA.GOV

Year Population Growth Rate1990 40,6742000 64,029 57.40%2010 115,903 81.00%2016 124729 7.61%2021 131219 5.20%

40,674

64,029

115,903

124729131219

57.40% 81.00% 7.61% 5.20%0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

1990 2000 2010 2016 2021

Population Growth Rate

2016 POPULATION 124,729 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 and 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

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

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lOcal maP

kursCh GrouP iNlaND emPire NorthWWW.kursChGrouP.Com 10mulTI-TenAnT InduSTRIAl unITS - VICTORVIlle, CA

within a mile radius of the site, there are two freeway interchanges - providing the quickest industrial access in Victorville. South of the project, a brand new freeway interchange was constructed at la mesa & Amargosa Roads. This has opened the area to new restaurant, hotel and fuel station developments. Adding to those already established at the palmdale Rd Interchange.