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Exclusive Offering Memorandum ±40 Acres Single Family Residential Land Tawny Ridge Ln & Amethyst Rd, Victorville, Ca 92394

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Exclusive Offering Memorandum ±40 Acres Single Family Residential Land Tawny Ridge Ln & Amethyst Rd, Victorville, Ca 92394 EXCLUSIVE OFFERING MEMORANDUM ±40 ACRES SINGLE FAMILY RESIDENTIAL LAND TAWNY RIDGE LN & AMETHYST RD, VICTORVILLE, CA 92394 @KurschGroup #KurschGroupCRE JEREMY SCHMIDT EXECUTIVE VICE PRESIDENT 760.983.2593 • [email protected] BRE #01310579 Corporate BRE #01896143 12180 Ridgecrest Rd, Suite 232, Victorville, CA 92395 760.983.2383 • [email protected] • KurschGroup.com 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. DEVELOPMENT SUMMARY NWC TAWNEY RIDGE LN & AMETHYST RD, VICTORVILLE, CA SITE SUMMARY TAX MAP SITE PHOTOS LOCAL MAP SEWER MAP WATER MAP ZONING MAP DEMOGRAPHICS MARKET ANALYSIS VICTORVILLE HOME SALES CITY OVERVIEW SCHOOLS SUMMARY CITY OF VICTORVILLE ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA SITE SUMMARY PROPERTY OVERVIEW CONDITION OF THE SITE The subject property provides an opportunity to deliver The site is unimproved. new homes in an active path of progress within the City of Victorville. ZONING R1-TB4 (Low Density Residential 5 du/ac) LOCATION The subject property is located north of Tawney Ridge Lane UTILITIES and west of Amethyst Road in the City of Victorville, CA. Exit Electric Southern California Edison Interstate 15 northbound at Mojave Dr. Turn left and head Gas Southwest Gas Company west approximately 2.75 miles. Turn right on Amethyst Rd Water/Sewer City of Victorville and go north about a half mile. The subject site is on the left at the northwest corner of Tawney Ridge Ln & Amethyst Rd. ASKING PRICE MUNICIPALITY City of Victorville (within City Limits) $299,000 County of San Bernardino ASSESSORS PARCEL NUMBERS 0455-053-58 0455-053-59 0455-053-60 0455-053-61 KURSCH GROUP INLAND EMPIRE NORTH WWW.KURSCHGROUP.COM TAX MAP INLAND EMPIRE NORTH KURSCH GROUP WWW.KURSCHGROUP.COM ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA PROPERTY PHOTO AERIAL VIEWS NORTH SHOW THE TOPOGRAPHY OF ALL FOUR PARCELS, LOCATED AT THE NORTHWEST CORNER OF AMETHYST RD & TAWNEY RIDGE LN. KURSCH GROUP INLAND EMPIRE NORTH WWW.KURSCHGROUP.COM LOCAL MAP THE SITE IS SURROUNDED BY ESTABLISHED RESIDENTIAL DEVELOPMENTS AND PROPOSED DEVELOPMENTS FOR FUTURE GROWTH. WEST OF THE SITE ARE TWO ELEMENTARY SCHOOLS: GUS FRANKLIN JR ELEMENTARY AND WEST CREEK ELEMENTARY. HWY 395 IS ABOUT 2 MILES WEST OF THIS PROPERTY, PROVIDING EASY ACCESS TO SCLA (SOUTHERN CALIFORNIA LOGISTICS AIRPORT), AND THE NEW SUPER WALMART ANCHORED SHOPPING CENTRE AT THE INTERSECTION OF HWY 395 & PALMDALE RD. INTERSTATE 15 IS AN EASY 3 MILES EAST OF THE SITE VIA MOJAVE DR. INLAND EMPIRE NORTH KURSCH GROUP WWW.KURSCHGROUP.COM ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA SEWER MAP KURSCH GROUP INLAND EMPIRE NORTH WWW.KURSCHGROUP.COM WATER MAP ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA EXISTING 24-INCH WATERLINE IN AMETHYST ROAD. INLAND EMPIRE NORTH KURSCH GROUP WWW.KURSCHGROUP.COM ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA ZONING MAP ZONED R-1 LOW DENSITY RESIDENTIAL (5 DU/AC) KURSCH GROUP INLAND EMPIRE NORTH WWW.KURSCHGROUP.COM POPULATION 2018 2023 1 MILE 8,349 9,046 3 MILES 57,795 61,267 5 MILES 147,552 155,168 HOUSEHOLDS 2018 2023 1 MILE 2,170 2,333 3 MILES 14,750 15,581 5 MILES 39,758 41,592 MEDIAN AGE 2018 2023 1 MILE 28.5 28.9 3 MILES 29.3 30.0 5 MILES 29.4 30.3 AVERAGE HH INCOME 2018 2023 1 MILE $76,080 $88,757 3 MILES $63,976 $74,106 5 MILES $64,341 $74,907 Source: stdb.com ESRI forecasts for 2018 and 2023 1,3,5 MILES RADIUS DEMOGRAPHICS 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. 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. INLAND EMPIRE NORTH KURSCH GROUP WWW.KURSCHGROUP.COM ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA SCHOOL SUMMARY VICTOR ELEMENTARY SCHOOL DISTRICT The property is served by the Victor Elementary School District (VESD) which serves nearly 9,000 elementary school and middle school students. VESD is comprised of eleven (11) elementary schools and three (3) Junior High Schools. VICTOR VALLEY UNION HIGH SCHOOL DISTRICT SCHOOL NAME GRADES ENROLLMENT The property is served by the Victor Valley Union High School Brentwood Elementary School K-6 896 District (VVUHSD) which covers an area of approximately 536 Square Challenger School of Sports & Fitness K-6 1,005 Miles. VVUHSD serves nearly 10,000 middle school and high school students. It is comprised of five (5) high schools, one (1) continuation Del ray Elementary School K-6 634 high school, and two (2) middle schools. Discovery School of the Arts K-6 932 Endeavour School of Exploration K-6 733 SCHOOL NAME GRADES ENROLLMENT Galileo Academy 101 K-6 459 Adelanto High School 9-12 1,748 Green Tree East Elementary School K-6 686 Cobalt Institute of Math and Science 7-12 864 Irwin Academy K-6 777 Goodwill High School 8-12 206 Liberty Elementary School K-6 836 Imogene Garner Hook Junior High School 7-8 808 Lomitas Elementary School K-6 791 Lakeview Leadership Academy 7-8 796 Mojave Vista Elementary School K-6 976 Silverado High School 9-12 2,213 Mountain View Montessori Charter School K-6 177 University Preparatory School 7-12 1,115 Park View Elementary School K-6 799 Victor Valley High School 9-12 1,892 Puesta Del Sol Elementary School K-6 593 SOURCE: VVUHSD.ORG AND GREATSCHOOLS.ORG Sixth St Prep School K-6 251 Village Elemantary School K-6 894 West Palms Conservatory School K-6 730 SOURCE: AESD.NET AND GREATSCHOOLS.ORG KURSCH GROUP INLAND EMPIRE NORTH WWW.KURSCHGROUP.COM HOME RESALES As of June 1, 2017 in the City of Victorville there were 269 listing Actively For Sale. 124 properties Sold in May 2017. The Average Price per Sq. Ft. Sold in May 2017 was $121, up 7.1% in the same month of 2016. The Average Sold Price in May 2017 was $233,000, up 14.8% in the same month of 2016. The Average Active Asking Price in May 2017 was $281,000, up 16.1% in the same month of 2016. SOURCE: VVAR.COM VICTORVILLE HOME RESALES INLAND EMPIRE NORTH KURSCH GROUP WWW.KURSCHGROUP.COM ±40 AC NWC AMETHYST RD & TAWNEY RIDGE LN, VICTORVILLE, CA CITY OF VICTORVILLE OVERVIEW 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 VICTORVILLE of Southern CA travel through Victorville. Power COUNTY: SAN BERNARDINO Companies such as Walmart, Redbull, Mars TOTAL AREA: ±73.74 SQUARE MILES Chocolate and Dr Pepper Snapple Group have INCORPORATED: SEPTEMBER 21, 1962 moved essential pieces of their operations, MAYOR: GLORIA GARCIA which has allowed them to reach a population CITY MANAGER: KEITH METZLER of more than 20 million people within a three WEBSITE: WWW.VICTORVILLECA.GOV hour drive. KURSCH GROUP INLAND EMPIRE NORTH WWW.KURSCHGROUP.COM CITY OF VICTORVILLE OVERVIEW Victorville is the largest city in Victor Valley with an estimated population of over 121, 000 with AVERAGE ANNUAL GROWTH (1990-2016): 5.62% another estimated 300,000 during business 2018 POPULATION 141,546 FORECASTED ANNUAL GROWTH (2016-2021): 1.02% hours.
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