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FOR SALE Min Bid DEVELOPMENT OPPORTUNITY, LOS ANGELES COUNTY

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FOR SALE Min Bid DEVELOPMENT OPPORTUNITY, LOS ANGELES COUNTY Auction $200,000 FOR SALE Min Bid DEVELOPMENT OPPORTUNITY, LOS ANGELES COUNTY NEC Palmdale Blvd & 28th St. E. Kathy Clark Alex Bikov 3 Monarch Bay Plaza, #100 12340 Seal Beach Blvd, #B239 Dana Point, CA 92629 Seal Beach, CA. 90740 (949) 283-2833 Phone (562) 728-3138 Email: [email protected] Email: [email protected] WEB: ww.kathyclarkbroker.com WEB: www.osherb.com DRE: 01327396 CALBRE # 02077706 Disclaimer & Confidentiality Disclaimer & Confidentiality This Confidential Memorandum has been prepared by OSHER B., INC. & Hartcourts Auction (“Broker(s)”) and is being furnished to you solely for the purpose of your review of the vacant land located on Palmdale Blvd., California (the “Property”). The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of Broker. By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to Broker as soon as Table of Content practicable together with all other materials relating to the Property which you may have received from Broker; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior 1 Disclaimer & Confidentiality written consent of Broker. This Confidential Memorandum has been prepared by Broker, based upon certain 2 City of Palmdale, CA information pertaining to the Property and any information obtained from Broker to assist interested parties in making their own evaluation of the Property is offered 3 Property Description & Highlights on a no representation or warranty provision (implicit/explicit) other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential 4 Aerial Photos Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials 5 Parcel Map are being delivered by Broker to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent Link – https://cityofpalmdale.org/DocumentCenter/ investigation by prospective investors of those matters which they deem View/516/Zoning-with-street-labels-PDF?bidId= appropriate in evaluating this offering without reliance upon Broker or the owner of Zone record or any of their respective affiliates or any of the information set out in the https://cityofpalmdale.org/398/Real-Estate-Development Materials. Neither Broker, owner of record, nor any of their respective affiliates Link - have independently verified any of the information contained herein or in any of Dev. the Materials, and no representations or warranties (implicit/explicit) as to the https://www.harcourtsauctions.com/properties/28th- accuracy or completeness thereof or of any other kind whatsoever are made or Link street-e-and-e-palmdale-blvd-palmdale-ca-93550/ intended and none should be inferred. Auction Broker and owner of record for themselves and their affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice. this Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release Broker, the owner of record and hold them harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. Broker and/or the owner of record reserve the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time without notice. City of Palmdale, California Palmdale is a city in northern Los Angeles County in the U.S. state of California. The city lies in the Antelope Val- ley region of Southern California. The San Gabriel Moun- tains separate Palmdale from the city of Los Angeles to the south. On August 24, 1962, Palmdale became the first community in the Antelope Valley to incorporate. Forty-seven years later, in Novem- ber 2009, voters approved making it a charter city. Palmdale's population was 152,750 at the 2010 census, up from 116,670 at the 2000 census. Palmdale is Palmdale Major Employers the 34th most populous city in California. Together with Lockheed Martin 3,700 its immediate northern neighbor, the city of Lancaster, Northrop Grumman 2,100 the Palmdale/Lancaster urban area had an estimated Antelope Valley Mall 1,800 population of 513,547 as of 2013. Palmdale School District 1.792 Airport LA/Palmdale Regional Airport/Air Force Plant Walmart 1,242 42 (PMD) has two runways, each over 2.25 miles (3.62 km) in Westside union School District 1,160 length, although there is currently no commercial airline service at the airport. PMD's commercial terminal is owned Antelope Valley union HSD 1,116 and operated by Los Angeles World Airports (LAWA), a mu- nicipal department of the City of Los Angeles, on leased Boeing 850 land from the U.S. Air Force. Airline service has been spo- radic since commercial flights were first offered in 1971. Palmdale Regional Medical Center 800 Most recently,United Express/SkyWest Airlines flew be- tween PMD and San Francisco from June 7, 2007, to Decem- ber 6, 2008. The city of Palmdale formed the Palmdale Air- Los Angeles County 500 port Authority to move forward to control the facilities and Source: Whittier Comprehensive Annual Financial Report the lease with the USAF, to better develop regional air ser- vice in theHigh Desert. LAWA also owns 17,500 acres (71 km2) of land adjacent to the existing airport. The land was acquired between 1970 and 1983 to be developed into "Palmdale Intercontinental Airport", intended to surpass the air traffic of LAX. The land remains undeveloped. LAWA is cur- rently developing a Master Plan for Palmdale that will guide Traffic Count 30,000 airport land use and development decisions through 2030. Demographic 1-Mile 3-Miles 5-Miles Population 17,944 99,832 133,584 Household 4,957 26,735 36,172 Ave. Age 28.5 28.7 29.3 Ave. HHI $51,013 $59,443 $64,856 Med. HHI $40,342 $44,971 $51,031 Property Description & Highlights Property Description: Subject property is a 85,377 square foot land located on the north-west-corner of Palmdale Blvd and 28th street East. Currently, site is an unimproved land. Property Highlights: · Located along a main arterial and trade area of City of Palmdale · Traffic Count - 30,000 AADT · State Enterprise Zone · Opportunity Zone · Retail, Office, Medical development opportunity · 330 Linear frontage on Palmdale Blvd · Close Proximity to Antelope Valley Freeway 14 Property Information Address: Palmdale Blvd & 28th Street E. Palmdale, CA 93550 Land: 85,377 SF Building: N/A Year Built: N/A Zone: Palmdale C-3 (buyer to verify) APN 3018-024-011 Zone: Palmdale C-3 Permitted Uses: Retail, Food, Office, Medical, Fitness. Buyer to verify with Planning Department for additional information. Zoning Map https://cityofpalmdale.org/DocumentCenter/ https://cityofpalmdale.org/398/Real-Estate-Development Auction Link https://www.harcourtsauctions.com/properties/28th-street-e-and-e-palmdale-blvd-palmdale-ca-93550/ Zoning Map SITE Permitted uses and development standards may be found on City’s website: https://www.codepublishing.com/CA/Palmdale/#!/Palmdale17/Palmdale1776.html#17.76 https://www.cityofpalmdale.org/398/Real-Estate-Development Aerial Photos Parcel Map .
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