110 lot tentative tract map
TRANSCRIPT
exclusive OFFeRiNG memORaNdum
North East CorNEr Nisqualli rd & 9th avE, viCtorvillE, Ca110 lot tENtativE traCt MaP
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.
Broker ContactRyan TravisExecutive Vice President760.983.2594 [email protected] #01358790
Corporate Office12180 Ridgecrest Road, Suite 232 Victorville, CA 92395PH. 760.983.2383 FAX 760.983.2433WWW.KURSCHGROUP.COMCorporate BRE: 01896143
Rob KurthSenior Vice [email protected] #01244413
TaBle OF cONTeNTs
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01DEVELOPMENT SUMMARY SENECA RD, ADELANTO, CA
SITE SUMMARYTRACT MAPS FLOOR PLANSSITE PHOTOSLOCAL MAPDEMOGRAPHICS
03MARKET ANALYSISvICTORvILLE HOME RESALESNEW HOME COMMUNITIES MAPNEW HOME COMMUNITIES PRICE GRAPHACTIvELY SELLING NEW HOME COMMUNITIES
02CITY OVERVIEW CHURCHES SUMMARYMEDICAL SERvICES SUMMARYCITY OF vICTORvILLE
110 LOT TTm - VICTORVILLE, CA
04REGION OVERVIEW SOUTHERN CALIFORNIA LOGISTICS CENTREINFRASTRUCTURE PROjECTS
siTe summaRY
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 4110 LOT TTm - VICTORVILLE, CA
ProPErtY ovErviEwThe subject property has an approved Tentative Tract Map for 110 Single Family Residential Lots in the City of victorville. The project is subject to senior citizen housing age limitations, 55 years of age or older ‘senior citizen’. The development provides an opportunity to deliver new homes to senior citizens in a prime area for development.
loCatioNThe subject property is located north of Nisqualli Road and east of Ninth Avenue in the City of victorville, CA. From Northbound Interstate 15: exit at Nisqualli /La Mesa and turn right on Nisqualli Rd. Travel east about 3/4 mile then turn left onto 9th Ave. The site is immediately on your right.
MuNiCiPalitY City of victorville (within City Limits)County of San Bernardino
assEssors ParCEl NuMbEr & aCrEaGE3092-421-06 16.383092-421-07 1.57Total Acres 17.95Net Acres 17.02
CoNditioN of thE sitEThe site is currently unimproved.
ZoNiNG PUD 1-87
ENtitlEMENt Tentative Tract Map 20131 for 110 single family lots, age restricted. Tract Map effective 11/15/2017.
lot siZEsAverage lot size of ±3,500 Sq. Ft.
hoaCurrently, there is no HOA in place for the existing development within Phase I & II.
Cfd No site specific CFD is proposed for the property.
utilitiEsElectric Southern California EdisonGas Southwest Gas CompanyTelephone Frontier CommunicationsWater/Sewer City of victorville
asKiNG PriCE$1,050,000
PRIME LOCATION FUTURE dEVELOPMENT
TeNTaTive TRacT map 20131
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 5110 LOT TTm - VICTORVILLE, CA
siTe plaNs
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 6110 LOT TTm - VICTORVILLE, CA
pROpOsed FlOOR plaNs
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pROpeRTY phOTO
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Aerial views west toward Interstate 15 interchange. The
pROpeRTY phOTOs
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 91310 LOT TTm - VICTORVILLE, CA
SOUTHEAST VIEW SOUTHWEST VIEW
NORTHEAST VIEW
SOUTH VIEW
Above: Aerial views southeast . Nisqualli Rd - south of the site - leads east to Hesperia Rd, a primary north/south arterial.
Above: Aerial views southwest from north east corner of site. Phase 1 & 2 of the project are completed. Interstate 15 is a few blocks west and the area is well established with single family and multifamily homes.
Above: Street view south from the logical extension of Winona St. Adjacent homes to the east include phase 1 & 2 of this project.
Above: Street View from 9th Ave just north of Nisqualli Rd looking toward the northeast corner of the site. There are established homes around the property.
lOcal map
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 10110 LOT TTm - VICTORVILLE, CA
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 development with a proposed Fuel Station and C-Store about two blocks west of the site as well as a planned development to include a hotel and restaurants.
1, 3, 5 mILES RAdIuS dEmOGRAPHICS
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 11110 LOT TTm - VICTORVILLE, CA
pOpulaTiON 2016 20211 mile 9,995 10,4213 miles 31,055 32,9135 mILES 79,134 83,133
hOusehOlds 2016 20211 mile 3,106 3,2043 miles 7,474 7,8525 mILES 20,062 20,887
mediaN aGe 2016 20211 mile 30.3 31.03 miles 27.1 27.95 mILES 28.2 28.8
aveRaGe hh iNcOme 2016 20211 mile $53,553 $57,2533 miles $59,746 $64,3925 mILES $69,053 $75,112
POPuLATION 45+ YRS. OLd 2016 20211 mile 3,124 3,147 31.2% 30.2%3 miles 25,772 26,642 31.9% 31.8%5 mILES 58,069 59,432 32.2% 31.4%
Source: stdb.com ESRI forecasts for 2016 and 2021
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.
CHURCH NAME CITy1 Seventh day Adventist Church Victorville 2 Trinity Lutheran Church Victorville3 Victor Valley Bible Church Victorville4 First Church of the Nazarene Victorville5 St John Lutheran Church Victorville6 Sunrise Church of California Victorville7 New destiny Christian ministries Victorville8 Bible Baptist Church Victorville9 Victory Christian Center Victorville10 The Church of Jesus Christ of Latter-day Saints Victorville11 Oasis community church hesperia12 First Assembly of God Hesperia13 st hillary’s episcopal church hesperia14 Community of Christ Hesperia15 Victor Valley Christian Church Hesperia16 Temple Baptist church hesperia17 mountain view Baptist church hesperia18 Turning Point Church Victorville19 First Assembly of God Victorville20 Holy Innocents Catholic Church Victorville21 St mary Coptic Orthodox Church Victorville22 Christian Covenant Church Victorville23 Horizon Church Victorville24 destiny Christian Center Victorville
chuRches summaRY
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 12110 LOT TTm - VICTORVILLE, CA
The property is served by 3 churches within a 1 mile radius and over 24 churches are within a 3 mile radius.
MEdICAL SERVICE NAME CITy 1 Choice medical Group Victorville 2 Banko medical Center Victorville3 desert dental Group Victorville4 St mary’s High desert urgent Care Victorville5 Heritage Victor Valley medical Group Victorville6 desert Valley medical Group Victorville7 Apple Valley Comprehensive Cancer Center Victorville8 VETERAN AdmINISTRATION CLINIC Victorville9 Global Pain Care Victorville10 desert Valley medical Group Victorville11 Bear Valley urgent Care Victorville12 dESERT VALLEY HOSPITAL Victorville13 Advanced Optometric Eyecare Victorville14 Vision Express Optometry Hesperia15 dr. mike’s Walk In Clinic Hesperia16 Western dental & Orthodontics Hesperia17 desert dental Group hesperia18 Clinica mi Pueblo Victorville19 Pacific Eye Institute Victorville20 Kaiser Permanente medical Center Victorville21 Smile dental Victorville
medical seRvices summaRY
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 13110 LOT TTm - VICTORVILLE, CA
The property is served by numerous medical services, pharmacies and medical suppliers within a 3 mile radius, including desert Valley Hospital just one mile south of the site.
PHARMACy NAME CITy A Allcare Pharmacy VictorvilleB Queens Pharmacy VictorvilleC Your drug Store Victorvilled Vons Pharmacy VictorvilleE Walgreens Pharmacy HesperiaF a Family pharmacy hesperiaG cvs pharmacy hesperiaH Rite Aid VictorvilleI Vista Care Pharmacy VictorvilleJ Walmart Pharmacy Center Victorville
CITY OVERVIEW
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 14110 LOT TTm - VICTORVILLE, CA
VICTORVILLE COUNTy: saN BeRNaRdiNO TOTAl AREA: ±73.74 SQuARE mILESINCORpORATED: SEPTEmBER 21, 1962mAyOR: GlORia GaRciaWEBSITE: WWW.VICTORVILLECA.GOV
Year Population Growth Rate1990 40,6742000 64,029 57.40%2010 115,903 81.00%2016 124729 7.61%2021 131219 5.20%
40,674
64,029
115,903
124729131219
57.40% 81.00% 7.61% 5.20%0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
1990 2000 2010 2016 2021
Population Growth Rate
2016 POPULATION 124,729 AVERAgE ANNUAl gROWTH (1990-2016): 5.62%fORECASTED ANNUAl gROWTH (2016-2021): 1.02%
CLIMATEVictorville is in the High desert region of Southern California where humidity is low and sunshine is plentiful.
AVg JANUARy lOW TEmp: 31 FAVg JUly HIgH TEmp: 100 FAVg ANNUAl RAIN fAll: 6.18 in.ElEVATION: 2,875 ft.
Source: usclimatedata.com/climate/victorville/california/united-states/usca1197 victorvilleca.gov/Site/AboutVictorville.aspx?id=66
Source: en.wikipedia.org/wiki/Victorville,_California
Source: en.wikipedia.org/wiki/Victorville,_California
vicTORville hOme Resales
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 15110 LOT TTm - VICTORVILLE, CA
HOME RESALES
As of January 1, 2018 in the City of Victorville there were 279 listing Actively For Sale. 119 properties Sold in december 2017.
The Average Price per Sq. Ft. Sold in december 2017 was $129, up 13.2% in the same month of 2016. The Average Sold Price in december 2017 was $240,000, up 11.6% in the same month of 2016.
The Average Active Asking Price in december 2017 was $279,000, up 15.8% in the same month of 2016.
Source: VVAR.com
NUmBER Of HOmES fOR SAlE VS. SOlD VS. pENDED (OCT. ‘16 - DEC ‘17)
AVERAgE pRICE pER SQfT (SOlD) (OCT. ‘16 - DEC ‘17)
ACTIVE mARKET OVERVIEW
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 16110 LOT TTm - VICTORVILLE, CA
1 DR HORTON WILLOW POINTE sOld OuT
2 fRONTIER COmmUNITIES sTONe BRiaR
3 KB HOmES WILdFLOWER
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
10 DR HORTON aGave pOiNTe cOmiNG sOON
11 fRONTIER COmmUNITIES diamONd RidGe
NEW HOmE COmmuNITIES PRICE GRAPH
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 17110 LOT TTm - VICTORVILLE, CA
Watermarke Homes Foxfire Ranch TBD DR Horton Agave Pointe TBD
ACTIVE NEW HOmE COmmuNITIES
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 18110 LOT TTm - VICTORVILLE, CA
dR HORTON WILLOW POINTE
CITY: Adelanto PROduCT: Single Family
PRICE RANGE: $261,060 - $278,735 HOA: N/A
HOuSE SIZE: 1,898 - 2,239 SF PRICE/SF: $124.49 - $137.54
Source: drhorton.com/California/Victorville
dR HORTON AGAVE POINTE AT SILVERSTONE
CITY: Adelanto PROduCT: Single Family
PRICE RANGE: TBd HOA: N/A
HOuSE SIZE: TBd PRICE/SF: TBd
Source: fhcommunities.com
(SOLD OUT)
(AVAILABLE SOON)
ACTIVE NEW HOmE COmmuNITIES
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 19110 LOT TTm - VICTORVILLE, CA
FRONTIER COMMUNITIES STONE BRIAR
CITY: Adelanto PROduCT: Single Family
PRICE RANGE: $234,990 - $252,990 HOA: N/A
HOuSE SIZE: 1,639 - 2,002 SF PRICE/SF: $126.37 - $143.37
Source: fhcommunities.com
FRONTIER COMMUNITIES dIAMONd RIdGE
CITY: Adelanto PROduCT: Single Family
PRICE RANGE: $303,910 - $344,590 HOA: N/A
HOuSE SIZE: 2,017 - 2,707 SF PRICE/SF: $127.30 - $150.67
Source: fhcommunities.com
ACTIVE NEW HOmE COmmuNITIES
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 20110 LOT TTm - VICTORVILLE, CA
KB HOMES WILdFLOWER AT LA HACIENdAS
CITY: Victorville PROduCT: Single Family
PRICE RANGE: $240,990 - $278,990 HOA: N/A
HOuSE SIZE: 1,698 - 2,899 SF PRICE/SF: $96.24 - $141.93
Source: KBhome.com
KB HOMES FALCON RIdGE
CITY: Adelanto PROduCT: Single Family
PRICE RANGE: $268,990 - $306,990 HOA: N/A
HOuSE SIZE: 1,624 - 2,537 SF PRICE/SF: $121.01 - $165.58
Source: KBhome.com
ACTIVE NEW HOmE COmmuNITIES
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 21110 LOT TTm - VICTORVILLE, CA
LEGACy HOMES SPRINGFIELd
CITY: Victorville PROduCT: Single Family
PRICE RANGE: $255,990 - $303,990 HOA: N/A
HOuSE SIZE: 1,834 - 2,653 SF PRICE/SF: $114.58 - $139.58
Source: Legacyhomesusa.com
WATERMARKE HOMES FOXFIRE RANCH
CITY: Victorville PROduCT: Single Family
PRICE RANGE: TBd HOA: N/A
HOuSE SIZE: 1,848 - 2,429 SF PRICE/SF: TBd
Source: watermarke-homes.com
ACTIVE NEW HOmE COmmuNITIES
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 22110 LOT TTm - VICTORVILLE, CA
dEL WEBB SUN CITyACTIVE LIVING 55+ COMMUNITy
CITY: Apple Valley PROduCT: Single Family - Senior Living
PRICE RANGE: $232,990 - $278,990 HOA: Yes
HOuSE SIZE: 1,511 - 2,340 SF PRICE/SF: $119.23 - $154.20
ACTIVE NEW HOmE COmmuNITIES
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 23110 LOT TTm - VICTORVILLE, CA
EVERGREEN HOMES SKy HAVEN II
CITY: Victorville PROduCT: Single Family
PRICE RANGE: $259,990 - $364,990 HOA: N/A
HOuSE SIZE: 1,601 - 2,579 SF PRICE/SF: $141.52 - $162.39
Source: evergreenhomesca.com
EVERGREEN HOMES CEdAR HEIGHTS
CITY: Hesperia PROduCT: Single Family
PRICE RANGE: $279,990 - $384,990 HOA: N/A
HOuSE SIZE: 1,727 - 2,909 SF PRICE/SF: $132.34 - 143.37
Source: evergreenhomesca.com
REGIONAL OVERVIEW
KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 24110 LOT TTm - VICTORVILLE, CA
SOUTHERN CALIFORNIA LOGISTICS CENTRE (picTuRed leFT)
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 airport, 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/manufacturing 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 Interstate 15: 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 mojave River 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. (PICTuREd RIGHT)
Local city streets have been under construction to repave, widen, and add stop lights in an effort to improve traffic flow.