Frontier Communities and DR Horton Are Currently Building
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EXCLUSIVE OFFERING MEMorANDUM ±10 ACRES RESIDENTIAL LAND IN ACTIVE PATH OF PROGRESS NORTHEAST CORNER JONATHAN ST & HOLLY RD, ADELANTO, CA Broker Contact 12180 Ridgecrest Road, Suite 232 Jeremy Schmidt CorporateVictorville, CA Office 92395 Executive Vice President PH. 760.983.2383 FAX 760.983.2433 760.983.2593 WWW.KURSCHGROUP.COM [email protected] Corporate BRE: 01896143 BRE #01310579 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. TABLE OF CONTENTS 01 DEVELOPMENT SUMMARY NEC JONATHAN ST & HOLLY RD, ADELANTO, CA SITE SUMMARY PLAT MAP SITE PHOTOS LOCAL MAP DEMOGRAPHICS WATER & SEWER MAP 02 CITY OVERVIEW SCHOOLS SUMMARY CITY OF ADELANTO 03 REGION OVERVIEW SOUTHERN CALIFORNIA LOGISTICS CENTRE INFRASTRUCTURE PROJECTS 04 MARKET ANALYSIS ADELANTO HOME SALES NEW HOME COMMUNITIES MAP NEW HOME COMMUNITIES PRICE GRAPH ACTIVELY SELLING NEW HOME COMMUNITIES KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 3 SITE SUMMARY PROPERTY OVERVIEW PARCEL SIZE The subject property provides an opportunity to deliver new ±10 Acres (435,600 Sq. Ft.) homes in an active path of progress, west of Highway 395 where Frontier Communities and DR Horton are currently building. ZONING Current zoning is RM-12; City may allow Single Family LOCATION Residential Development - buyer to verify The subject property is located north of Holly Road and east of Jonathan Street in the City of Adelanto, CA. Exit Interstate 15 at UTILITIES Palmdale Road / West Highway 18 and turn left onto Mariposa Electric Southern California Edison Road. Turn left onto Palmdale Road and head west approximately Gas Southwest Gas Company 4.5 miles to the signal at Highway 395. Turn right on Hwy 395 and Telephone Frontier Communications go north 2 miles to Cactus Rd, turn left. Turn right on Jonathan St. Water/Sewer City of Adelanto The subject site is ahead at the northeast corner of Holly Rd. ASKING PRICE MUNICIPALITY $499,000 City of Adelanto (within City Limits) County of San Bernardino ASSESSORS PARCEL NUMBER 3128-241-09 KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 4 PLAT MAP KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 5 PROPERTY PHOTO KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 6 PROPERTY PHOTOS WEST VIEW left: Street view east on holly Rd shows existing residential community with paved roads, street lights and sidewalks. Frontier communities has 65 active new home sites nearing sell out just two blocks east on holly Rd and dR horton just sold out 41 new homes southwest of the site. NORTHEAST VIEW left: Street view northeast from jonathan St & holly Rd shows the available 10 acre parcel front- ing pavement. Adelanto Stadium, visible in the distance, is ±0.6 miles northeast of the site on highway 395. KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 7 LOCAL MAP The Site is surrounded by established Residential developments and Proposed developments for future growth. Public builder, Frontier communities, has nearly sold out 65 new homes at the corner of Holly Rd & caliente dr. They have proposed the next home development project of 119 lots to be immediately Southwest of the subject site. dR horton has just sold out development of 41 new homes a few blocks south of the subject site. Southwest of the site is Adelanto High School’s new $120 MM state-of- the-art campus, as well as local elementary and middle schools. Hwy 395 is east of this parcel, providing easy access to Interstate 15, SCLA (Southern California logistics Airport), and the new Super Walmart anchored Shopping Center at the intersection of Hwy 395 & Palmdale Rd. KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 8 1, 3, 5 MIleS RAdIuS deMoGRAPhIcS POPULATION 2017 2022 1 MILE 2,606 2,631 3 MILES 37,398 39,489 5 MILES 106,551 112,456 HOUSEHOLDS 2017 2022 1 MILE 660 662 3 MILES 9,052 9,501 5 MILES 26,763 28,093 MEDIAN AGE 2017 2022 1 MILE 27.0 28.0 3 MILES 27.1 27.9 5 MILES 28.6 29.3 AVERAGE HH INCOME 2017 2022 1 MILE $53,161 $55,271 3 MILES $55,377 $60,277 5 MILES $63,750 $70,475 Source: stdb.com ESRI forecasts for 2017 and 2022 The 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. KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 9 WATER & SEWER SYSTEMS MAP KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 10 SCHOOLS SUMMARY victor vaLLEY UNION HIGH SCHOOL District SCHOOL Name graDes eNroLLMENT Adelanto high School 9-12 1,748 The property is served by the Victor Valley cobalt Institute of Math and Science 7-12 864 Union High School District (VVUHSD) Goodwill high School 8-12 206 which covers an area of approximately Imogene Garner hook junior high School 7-8 808 536 Square Miles. VVuhSd serves nearly lakeview leadership Academy 7-8 796 10,000 middle school and high school Silverado high School 9-12 2,213 students. It is comprised of five (5) high university Preparatory School 7-12 1,115 schools, one (1) continuation high school, Victor Valley high School 9-12 1,892 and two (2) middle schools. Source: VVUHSD.org and GreatSchools.org ADELANto ELEMENtarY SCHOOL District SCHOOL Name GRADes eNroLLMENT Adelanto elementary School K-6 469 columbia Middle School 7-8 391 The property is served by the Adelanto donald F. Bradach School K-8 763 Elementary School District (AESD) which eagle Ranch School K-6 765 serves nearly 9,000 elementary school el Mirage School K-8 120 and middle school students. AeSd is George Visual & Performing Arts K-8 699 comprised of eleven (11) elementary Magnet School schools and three (3) middle schools. Gus Franklin jr. STeM School K-7 635 Melva davis Academy of excellence 6-8 706 STEAM Middle School Mesa linda Middle School 7-8 846 Morgan Kincaid Preparatory School of K-6 931 Integrated Studies Theodore Vick School K-8 776 Victoria Magathan elementary K-6 639 West creek elementary K-6 595 Westside Park elementary K-6 630 Source: AESD.net and GreatSchools.org KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 11 CITY OVERVIEW ADELANTO Progress through unity COUNTY: SAN BERNARDINO TOTAL AREA: ±56 SQuARe MIleS INCORPORATED: deceMBeR 22, 1970 MAYOR: RIchARd KeRR MAYOR PRO TEM: JERMAINE WRIGHT SR WEBSITE: WWW.cI.AdelAnTo.cA.uS Year Population Growth Rate 1990 8,517 2000 18,130 112.90% 2010 31,765 75.20% 2016 33971 4.40% 2021 35809 5.30% AVERAGE ANNUAL GROWTH (1990-2016): 11.49% 2016 POPULATION 33,971 FORECASTED ANNUAL GROWTH (2016-2021): 1.06% 40,000 35809 CLIMATE 35,000 33971 31,765 Adelanto is in the High Desert region of Southern California where humidity is low and sunshine is plentiful. 30,000 25,000 AVG JANUARY LOW TEMP: 32.6 F AVG JULY HIGH TEMP: 97.0 F 20,000 18,130 AVG ANNUAL RAIN FALL: 8.5 in. AVG SUNNY DAYS: 286 15,000 ELEVATION: 2,984 ft. 10,000 8,517 Source: bestplaces.net/climate/city/california/adelanto 5,000 112.90% 75.20% 4.40% 5.30% 0 1990 2000 2010 2016 2021 Population Growth Rate Source: en.wikipedia.org/wiki/Adelanto,_California KURSCH GROUP INLAND EMPIRE NORTH 10 Ac nec jonAThAn ST & holly Rd - AdelAnTo, cA WWW.kuRSCHGROUP.COM 12 CITY OVERVIEW MEDICAL MARIJUANA CULTIVATION ZONE The City of Adelanto recently approved a progressive approach to stimulating financial growth in the city: the permitted use of Medical Marijuana cultivation.