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Home , Desert Valley Hospital, Inland Empire, Victor Valley

EXCLUSIVE OFFERING MEMORANDUM 110 LOT TENTATIVE TRACT MAP | ±17.95 ACRES NORTHEAST CORNER NISQUALLI RD & 9TH AVE, VICTORVILLE 12180 Ridgecrest Rd, Suite 232 Victorville, CA 92395 RYAN TRAVIS ROB KURTH P. 760.983.2383 | F. 760.983.2433 EXECUTIVE VICE PRESIDENT SENIOR VICE PRESIDENT Corporate BRE #01896143 BRE #01358790 • 760.983.2594 BRE #01358790 • 760.983.2591 KurschGroup.com [email protected] [email protected] 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. 110 LOT TTM | VICTORVILLE, CA SITE SUMMARY ASKING PRICE FOR SALE

PRIME LOCATION $1,000,000 FUTURE DEVELOPMENT

PROPERTY OVERVIEW CONDITION OF THE SITE The subject property has an approved Tentative Tract Map for 110 Single Family Residential The site is currently unimproved Lots in the City of Victorville. The project is subject to senior citizen housing, 55 years of age or older ‘senior citizen’. The development provides an opportunity to deliver new homes to ENTITLEMENT senior citizens in a prime area for development. Tentative Tract Map 20131 for 110 single family lots, age restricted. Tract Map effective 11/15/2017. LOCATION The subject property is located North of Nisqualli Rd and East of 9th Ave in Victorville, CA. LOT SIZES From Northbound I-15: exit at Nisqualli/La Mesa and turn right on Nisqualli Rd. Travel East Average lot size of ±3,500 SF about 3/4 mile then turn left onto 9th Ave. The site is immediately to the right. HOA ASSESSORS PARCEL NUMBER & ACREAGE Currently, there is no HOA in place for the existing development 3092-421-06 ±16.38 within Phase I & II. 3092-421-07 ±1.57 Total Acres ±17.95 UTILITIES Net Acres ±17.02 Electric Southern Edison Gas Southwest Gas Company MUNICIPALITY Water/Sewer City of Victorville City of Victorville (within City Limits) Telephone Frontier Communications of San Bernardino

ZONING PUD 1-87

Kursch Group Commercial Real Estate KurschGroup.com | @KurschGroupCRE TTM 20131

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA SITE PLANS

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE PLAN:2-1255

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA PLAN: 3-1346

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE PLAN:2-1404

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA PLAN: 3-1337

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE PROPERTY PHOTO

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA PROPERTY PHOTOS

Aerial views southeast. Nisqualli Rd - south of the site- leads east to Hesperia Rd, a primary north/ Aerial views southwest from northeast corner of the site. Phase 1 & 2 of the project are completed. south arterial. I-15 is a few blocks west and the area is well established with single family and multifamily homes.

Street view from south from the logical extension of Winona St. Adjacent homes to the east include Street View from 9th Ave just North of Nisqualli Rd looking toward the northeast corner of the site. phase 1 & 2 of this project. There are established homes around the property.

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE LOCAL MAP

The site is in the path of progress with existing development and future developments planned for the immediate area. West of the project, a brand new freeway interchange was constructed at Nisqualli & La Mesa Roads. This has opened the area to new developement with an Arco AmPm currently being built and a proposed C-Store about two blocks west of the site as well as a planned development to include a hotel and restaurants.

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA 1, 3, 5 MILE RADIUS

The Market is located 90 miles northeast of and encompases the cities of Adelanto, Apple Valley, Barstow, Hesperia, Victorville and surrounding unincorporated areas of San Bernardino County. The regional population exceeds 442,000, neraly doubling from census data 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 coverage 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.

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 1 Seventh Day Adventist Church Vicctorville 2 Trinity Lutheran Church Vicctorville 3 Bible Church Vicctorville 4 First Church of the Nazarene Vicctorville 5 St John Lutheran Church Vicctorville 6 Sunrise Church of California Vicctorville 7 New Destiny Christian Ministries Vicctorville 8 Bible Baptist Church Vicctorville 9 Victory Christian Center Vicctorville 10 The Church of Jesus Christ Latter Day Saints Vicctorville 11 Oasis Community Church Hesperia 12 First Assembly of God Hesperia 13 St Hillary’s Episcopal Church Hesperia 14 Community of Christ Hesperia 15 Victor Valley Christian Church Hesperia 16 Temple Baptist Church Hesperia 17 Mountain View Baptist Church Hesperia 18 Turning Point Church Vicctorville 19 First Assembly of God Vicctorville 20 Holy Innocents Catholic Church Vicctorville 21 St Mary Coptic Orthodox Church Vicctorville 22 Christian Covenant Church Vicctorville 23 Horizon Church Vicctorville 24 Destiny Christian Church Vicctorville CHURCH SUMMARY

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA MEDICAL SERVICES SUMMARY

MEDICAL SERVICE NAME 1 Choice Medical Group Victorville 2 Banko Medical Center Victorville 3 Desert Dental Group Victorville 4 St Mary’s High Desert Urgent Care Victorville 5 Heritage Victor Valley Medical Group Victorville 6 Desert Valley Medical Group Victorville 7 Apple Valley Comprehensive Cancer Center Victorville 8 VETERAN ADMINISTRATION CLINIC Victorville 9 Global Pain Care Victorville 10 Desert Valley Medical Group Victorville 11 Bear Vallley Urgent Care Victorville 12 Victorville 13 Advanced Optometric Eyecare Victorville 14 Vission Express Optometry Hesperia 15 Dr.Mike’s Walk In Clinic Hesperia 16 Western Dental & Orthodontics Hesperia 17 Desert Dental Group Hesperia 18 Clinica Mi Pueblo Victorville 19 Pacific Eye Institute Victorville 20 Kaiser Permanente Medical Center Victorville 21 Smile Dental Victorville The property is served by numerous medical PHARMACY NAME services, pharmacies and medical suppliers A Allcare Pharmacy Victorville F A Family Pharmacy Hesperia within a 3 mile radius, including Desert Valley Hospital just one mile south of the site. B Queens Pharmacy Victorville G CVS Pharmacy Hesperia C Your Drug Store Victorville H Rite Aid Victorville D Vons Pharmacy Victorville I Vista Care Pharmacy Victorville E Walgreens Pharmacy Hesperia J Walmart Pharmacy Center Victorville

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED 2.2018 - 4.2019 AVERAGE PRICE PER SQUARE FOOT (SOLD) 2.2018 - 4.2019

HOME RESALES As of April 2019 there were 1,092 homes on the market, 415 were sold, and 515 homes were marked pending. The Average Price per Sq. Ft. Sold in April 2019 was $147 which is up 4.3% from 2018. The Average Sold Price for April 2019 $274,000 which is up 7% from the previous year. The Avergae Active Asking Price in December 2017 was $333,000 which is up 3.1% from the previous year.

VICTORVILLE HOME RESALES

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA ACTIVE MARKET OVERVIEW

1 DR Horton Willow Pointe (Sold Out) 2 Frontier Communities Stone Briar 3 KB Homes Falcon Ridge 4 KB Homes Falcon Ridge 5 Legacy Homes Springfield 6 Watermarke Homes Foxfire Ranch 7 Evergreen Homes Sky Haven II 8 Del Webb Sun City 9 Evergreen Homes Cedar Heights (Sold Out) 10 DR Horton Agave Pointe 11 Frontier Communities Diamond Ridge

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE NEW HOME COMMUNITIES PRICE GRAPH

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA ACTIVE NEW HOME COMMUNITIES

BUILDER COMMUNITY CITY PRODUCT PRICE RANGE HOME SIZE DR Horton Willow Pointe (SOLD OUT) Adelanto Single Family $261 k - $278 k 1,898 - 2,239 SF Agave Pointe at Silverstone Adelanto Single Family TBD TBD

Frontier Communities Stone Briar Adelanto Single Family $235 k - $523 k 1,639 - 2,002 SF Diamond Ridge Adelanto Single Family $304 k - $344 k 2,017 - 2,707 SF

KB Homes Wildflower at La Haciendas Victorville Single Family $241 k - $279 k 1,698 - 2,899 SF Falcon Ridge Adelanto Single Family $269 k - $307 k 1,624 - 2,537 SF

Legacy Homes Springfield Victorville Single Family $256 k - $304 k 1,834 - 2,653 SF

Watermarke Homes Foxfire Ranch Victorville Single Family TBD 1,848 - 2,429 SF

Del Webb Sun City Apple Valley Single Family - Senior Living $233 k - $279 k 1,511 - 2,340 SF

Evergreen Homes Sky Haven II Victorville Single Family $260 k - $365 k 1,601 - 2,579 SF Cedar Heights Hesperia Single Family $280 k - $385 k 1,727 - 2,909 SF

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE LOGISTICS CENTRE The High Desert is home to Southern California Logistics Centre (SCLC), an 8,500 Acre multi-modal logistics hub. SCLA, the 2,500 Acre logistics , provides two intercontinental runways including a 15,050 foot runway, allowing access for even the heaviest aircraft. GE Aviation and Boeing are just a two of the companies that have taken advantage of the low traffic, low humidity airport - ideal for aircraft painting, flight testing, UAS pilot training and more. 2,500 acres are dedicated to industrial/ development, already home to numerous industry leaders like Dr Pepper Snapple Group, Newell Rubbermaid Brands, Church & Dwight, Plastipak, and Arden Companies.

INFRASTRUCTURE There are more than $1.8 Billion in infrastructure projects planned for the region to take place within the next 5 years. The High Desert experienced a massive 75% population growth from census years 2000 to 2010, leaving much of the roadways ill-equipped for the influx of vehicle traffic on surface streets and highways. Two new interchanges have been constructed since 2014 on : one at Ranchero Rd in Hesperia, and one at Nisqualli/La Mesa Rds in Victorville. Additionally, the I-15 interchanges at D St, E St, Stoddard Wells Rd in north Victorville are currently undergoing a full overhaul to widen the freeway, bridges and realign the on/off ramps. The cities of Victorville and Apple Valley have embarked on a joint project to create another east-west arterial in the High Desert. The Town of Apple Valley has recently completed the Yucca Loma bridge over the which will connect the east valley with the logical extension of Green Tree Blvd in Victorville upon the completion of a bridge over the BNSF Railway.

REGIONAL OVERVIEW

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 110 LOT TTM | VICTORVILLE, CA CITY OF VICTORVILLE OVERVIEW

CLIMATE Victorville is in the High Desert region of Southern California where humidity is low & sunshine is plentiful. Avg January Low Temp. 31 F Avg July High Temp 100 F Avg Annual Rain Fall 6.18 in. Elevation 2,875 ft.

County San Bernardino Total Area ±73.74 Square Miles Incorporated September 21,1962 Mayor Gloria Garcia City Manager Keith Metzler Website www.victorvilleca.gov

Victorville is the largest city in Victor Valley with an estimated population of over 121,000 with another estimated 300,000 during business hours. A reliable and accomplished work force is one of Victorville’s alluring qualities with over 900,000 workers within a one hour drive. The City works in conjunction with businesses to gain a better understanding of their operations, recognize their challenges, and help to secure cost competitiveness and overall success. As an operation of this partnership, Victorville customizes disparate incentive programs such as permit fast-tracking, employee home purchasing assistance, job training, Enterprise Zone tax credits, and a less-restrictive regulatory environment. Over the past decade, Victorville has grown into a vital West Coast distribution powerhouse. Estimated 60% of all goods moving in and out of Southern CA travel through Victorville. Power Companies such as Walmart, Redbull, Mars Chocolate and Dr Pepper Snapple Group have moved essential pieces of their operations, which has allowed them to reach a population of more than 20 million people within a three hour drive.

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE 2018 POPULATION 141,546 CITY OF VICTORVILLE OVERVIEW AVERAGE ANNUAL GROWTH (1990-2016): 5.62% FORECASTED ANNUAL GROWTH (2016-2021): 1.02%

CLIMATE Victorville is in the High Desert region of Southern California where humidity is low & sunshine is plentiful. Avg January Low Temp. 31 F Avg July High Temp 100 F Avg Annual Rain Fall 6.18 in. Elevation 2,875 ft.

County San Bernardino VICTORVILLE TOP EMPLOYERS Total Area ±73.74 Square Miles Incorporated September 21,1962 Mayor Gloria Garcia City Manager Keith Metzler Website www.victorvilleca.gov

Victorville is the largest city in Victor Valley with an estimated population of over 121,000 with another estimated 300,000 during business hours. A reliable and accomplished work Rank Employer # of Employees force is one of Victorville’s alluring qualities with over 900,000 workers within a one hour 1 Southern California Logistics Airport 2,073 drive. The City works in conjunction with businesses to gain a better understanding of their operations, recognize their challenges, and help to secure cost competitiveness 2 1,150 and overall success. As an operation of this partnership, Victorville customizes disparate 3 Desert Valley Hospital 1,000 incentive programs such as permit fast-tracking, employee home purchasing assistance, 4 Verizon 940 job training, Enterprise Zone tax credits, and a less-restrictive regulatory environment. 5 Victor Valley Union High School Dist. 877 Over the past decade, Victorville has grown into a vital West Coast distribution powerhouse. Estimated 60% of all goods moving in and out of Southern CA travel through Victorville. 6 Victor Elementary School District 848 Power Companies such as Walmart, Redbull, Mars Chocolate and Dr Pepper Snapple 7 Federal Correctional Complex, VV 844 Group have moved essential pieces of their operations, which has allowed them to reach 8 Walmart 830 a population of more than 20 million people within a three hour drive. 9 Global Medical 548

Kursch Group Commercial Real Estate INLAND EMPIRE KurschGroup.com | @KurschGroupCRE