Highland and Del Rosa Land for SALE San Bernardino, CA Unpriced PROPERTY HIGHLIGHTS
Total Page:16
File Type:pdf, Size:1020Kb
Highland and Del Rosa Land FOR SALE San Bernardino, CA Unpriced PROPERTY HIGHLIGHTS • Opportunity Zone • 9.03 Acres • All Reasonable Offers Reviewed • Underutilized Property Based on Current Zoning • Encourage Discussion with City of San Bernardino on Current Use and Zoning • Improving market fundamental Avison Young | Hauser | Multifamily 2 The City of San Bernardino SAN BERNARDINO HIGHLIGHTS • 2nd largest municipality in the Inland Empire and 17th largest in California • Home to the BNSF Intermodal Facility -Largest intermodal railroad -Spans 32,500 miles • Over 35 million square-feet of industrial space • San Bernardino Mountains -Big Bear Lake -Lake Arrowhead -Running Springs Population Trend 2024 GROWTH CURRENT 250 PROJECTION RATE Thousands 200 Total Population 219,933 225,119 2.36% 150 Total Households 61,340 62,555 1.98% 100 Avg. Houshold Income 58,715 68,679 16.97% 50 - Avg. Home Value 308,465 378,863 22.82% 2000 2010 2018 2024* Avison Young | Hauser | Multifamily 3 EXCELLENT FREEWAY ACCESS & NOTABLE REGIONAL COMPANIES (continued) NOTABLE DEVELOPMENTS (continued) TRANSPORTATION • Evolution Fresh: Monrovia Eastgate Air Cargo Logistics Center • San Bernardino International Airport: San • Garner Holt Productions: Redlands • Developed by Hillwood Enterprises Bernardino is located at the convergence of • Home Depot - Distribution: Loma Lina • Ground lease development includes about the I-10, SR-210 and I-215 highways • Icee Company - Headquarters: Ontario 100 acres of land • Omnitrans: Owns and Operates San • Kaiser Permanente - Medical Offices: San • 685,000 square feet for the cargo sortation Bernardino Transit Center Bernardino buildings, two 25,000 square foot ground • Caltrans District 8: California Department • Loma Linda University Medical Center support buildings and 41 acres of structured of Transportation, District 8 located in San • Lockheed - Plant: Redlands parking and gate positions Bernardino • Lollicup Coffee & Tea - Headquarters: Chino • Over 1,700 jobs in the first year of operation, • Metrolink: Downtown San Bernardino & San • Kohl’s - Distribution Center: San Bernardino estimated to increase to nearly 3,900 by year Bernardino Depot Stations • Pep Boys - Distribution Center: San Bernardino five • Ontario International Airport: 20 mile drive • Pepsico - Warehouse: San Bernardino • Amazon rumored to be potential tenant from San Bernardino • Stater Bros. - Headquarters: San Bernardino Home2 Suites San Bernardino • San Bernardino International Airport: Over • Expected Completion - December 2021 57,000 annual flights, 30 new hangars opened NOTABLE DEVELOPMENTS • Hilton Branded 120-room hotel developed by in June 2018 5th Street Gateway Project Green Group • 6.56 acres development • Would generate more than $500,000 a year in COLLEGES & UNIVERSITY • Commercial and Residential development transient occupancy tax alone: property and • California University of Science and Medicine expected utility taxes would generate another $250,000 • Cal State University, San Bernardino Birtcher Development annually for San Bernardino • Concorde Career College – San Bernardino • 20 acre land parcel fully entitled for San Manuel Casino • Loma Linda University development of a spec 406,710 square foot • Nearby Casino has $550 million multi-phase, • San Bernardino Valley College regional fulfillment and distribution center multi-year expansion aimed for completion in • University of Redlands • Adjacent to San Bernardino Airport 2Q 2021 • Breaks ground Spring 2020, construction • 2,200 stall parking structure, 450-room hotel, NOTABLE REGIONAL COMPANIES slated for completion in Q4 2020 restaurants and a 3,000 seat event center • Amazon - Fulfillment Center: San Bernardino & Carousel Mall Redevelopment The Shops at University Parkway Redlands • 43 acre Carousel Mall property and adjacent • Grand Opening of Phase 2 – January 2020 • Ashley Home Furniture - Distribution Center: neighborhoods • Off Northpark Boulevard at University Parkway Redlands • Elected officials envisioned a vast mixed-use across the street from Cal State University San • Burlington Coat Factory - Warehouse: San space comprised of new restaurants, stores, Bernardino Bernardino office buildings and housing • Recent Openings of Afters Ice Cream, • Country Archer: San Bernardino • In December 2019: SCG America, Renaissance FireWings, Asian Fusion Eatery, Poketology and • Dignity Health - Medical Center: San Downtown USA and ICO Real Estate Group VCA Northside Animal Hospital Bernardino have been approved to craft plans for • ESRI - Headquarters: Redlands submittal • Avison Young | Hauser | Multifamily 4 Point of Interest Map Lake Arrowhead & Running Springs Resort LA Fitness, Ralphs, Jiffy Lube, Bank of America Bank of America, Walgreens, Cricket Wireless, T-Mobile AutoZone, McDonald’s, Starbucks, Stater Bros, TJ Maxx Shandin Hills Golf Club Aquinas High School Diamond RV, Walmart, Ross Dress for Less, Dollar Tree, Fallas, Aldi, Starbucks Home Depot, Highland & Del Rosa O’Reilly Auto Parts, Jack in the Box Bank of American, Planet Fitness, San Bernardino Metro by T-Mobile Community Hospital San Bernardino Perris Hill Park San Bernardino Beaver Medical Group High School Soccer Complex Stater Bros, CVS, Walgreens, Chuze Regency Sterling Albertsons, Chase, CVS, Pacific High School Fitness, Wells Fargo, Theatre, Rite Aid, Spiecher Memorial Park UPS Store, GoodWill McDonalds, Domino’s Chase, Big 5 CA Theatre of Indian Springs High School Loma Linda Performing Arts Waterman Children’s Hospital, Discount Mall Davita Dialysis BNSF Railway Company ASU Fox Theatre LA Fitness, Staples, Downtown Metrolink Station Carousel Mall Distribution Centers Lowe’s, In-N-Out Redevelopment JCPenny, Macy’s, Sears, Distribution Centers Disney, Forever 21, H&M, Footlocker, Kay Jewelers Rite Aid, Smart & Final, WSS, T-Mobile, Dollar Tree, Cardenas 24 Hr Fitness, Nordrstrom Rack, Auto Center: Toyota, Nissan, Movie Theatres, Ram, Kia, Subaru, Volkswagen Kohl’s, Target, Costco, Staples, Best Buy, Sam’s Club, Curacao, Home Depot Avison Young | Hauser | Multifamily Map data ©2020 15 mi HIGHLAND & DEL ROSA LAND E. Highland Ave. Del Rosa Ave. Avison Young | Hauser | Multifamily 6 HIGHLAND &Tax DEL Map ROSA PARCEL MAP , , CA Limitation of Liability for Informational Report IMPORTANT – READ CAREFULLY:THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE CONDITION Avison Young | HauserOF | TITLEMultifamily TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE COMMITMENT OR 7 PRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY FOR THE BENEFIT OF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT MAY NOT BE REPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT REPRESENT OR WARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS PROVIDED WITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION GIVEN IN EXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY LOSS OR DAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS REPORT SHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND AGREES THAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE. FIRST AMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THE INFORMATION HEREIN. Tax Map , , CA 12/4/2019 Page 1 (of 1) ©2005-2019 First American Financial Corporation and/or its affiliates. All rights reserved. PETER HAUSER Principal 949.430.0687 [email protected] CA License #00856966 MATT HAUSER Associate 949.430.0689 [email protected] CA License #01996149 MASA ITO Associate 949.430.0688 [email protected] CA License #02060408 Del Rosa Ave. www.multifamilysc.com.