177 lots tentative tract map
TRANSCRIPT
EXCLUSIVE OFFERING MEMORANDUM
TOPAZ AVE. & MOJAVE STREET, HESPERIA, CA177 LOTS TENTATIVE TR ACT MAP
@KurschGroup#KurschGroupCRE
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.
760.983.2598 • [email protected] #01310579 Corporate BRE #01896143
12180 Ridgecrest Rd, Suite 232, Victorville, CA 92395760.983.2383 • [email protected] • KurschGroup.com
JEREMY SCHMIDTE X E C U T I V E V I C E P R E S I D E N T
01DEVELOPMENT SUMMARY MOJAVE STREET, HESPERIA, CA
SITE SUMMARY
TRACT MAP
SITE PHOTOS
LOCAL MAP
DEMOGRAPHICS
WATER MAP
SEWER MAP
02CITY OVERVIEW SCHOOLS SUMMARY
CITY OF HESPERIA
03REGION OVERVIEW SOUTHERN CALIFORNIA LOGISTICS CENTRE
INFRASTRUCTURE PROJECTS
04MARKET ANALYSISHESPERIA HOME SALES
NEW HOME COMMUNITIES MAP
NEW HOME COMMUNITIES PRICE GRAPH
ACTIVELY SELLING NEW HOME COMMUNITIES
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PROPERTY OVERVIEWThe subject property provides an opportunity to deliver new homes in an active path of progress within the City of Hesperia.
LOCATIONTopaz Ave. & Mojave South is located on the south side of Mojave
Street, near the City of Hesperia Regional Community Park. MUNICIPALITY City of Hesperia (within City Limits)County of San Bernardino
ASSESSORS PARCEL NUMBER & ACREAGE0405-261-15 3.980405-261-16 4.530405-261-17 5.00405-261-18 4.770405-261-27 5.00405-261-28 5.00405-261-29 5.00405-261-30 4.08
CONDITION OF THE SITEThe site is unimproved and will be delivered “as is”.
SITE SUMMARYASKING PRICE
$2,301,000
ZONING
Low Density Residential through the Small Lot Subdivision Ordinance
ENTITLEMENT Active Tentative Map No. TT-17916 pursuant to AB-208, 177 Single Family residential lots on ±40 gross acres. Expires 7/21/2019
LOT SIZESLots range in size from 3,947 Sq. Ft. to 9,860 Sq. Ft. with an average lot size of 4,850 Sq. Ft.
HOAProject does not recommend the formation of an HOA.
CFD No site specific CFD is proposed for the property.
UTILITIESElectric Southern California EdisonGas Southwest Gas CompanyWater/Sewer City of Hesperia
TENTATIVE TRACT MAP 177
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PROPERTY PHOTO
Aerial views southwest show the close proximity of the site to the Community Regional Park, and the I-15 Main Street Interchange (about 2 miles from the site)
Aerial Views East show the surrounding residential developments, future projects, and the Site’s close proximity to Maple Elementary School and Hesperia High School. The City of Hesperia is finishing up construction of the new water reclamation facility east of the Site.
PROPERTY PHOTO
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LOCAL MAPThe project is less than ½ mile east of I-15 and the future Mojave Street overpass. Currently I-15 access is approximately 2 miles southwest of the site at the Main Street interchange where significant retail development is in progress.
The project’s location near the Hesperia Community Park offers considerable recreational facilities as well as close proximity to elementary and high schools.
There are numerous investors and builders holding land in the immediate area, positioned for Immediate developement.
CIRCULATION MAP
ROADWAY CLASSIFICATIONSARTERIALS (RoW) (Curb-Curb)Major Arterial (120’) (104’)* (92’)**Arterial (100’) (72’)Secondary Arterial (80’) (50’)Rural Collector (60’) (48’)* (40’)*** with bike lane**without bike lane
Arterial Outside CityCity BoundaryState HwyFreeway InterchangeBridge/Over-UndercrossingSpecial Street
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SEWER MAP
WATER MAP
The property is served by the Hesperia Unified School District (HUSD), grade levels K-12, comprised of 32 schools including 5 charter schools and 1 adult education facility. Total enrollment is about 22,836 students with 857 teachers.
Year Population Avg Annual Growth1990 50,4182000 62,582 4.41%2010 90,173 2.41%2016 92906 0.47%2021 95449 0.54%
50,418
62,582
90,173 92906 95449
4.41% 2.41% 0.47% 0.54%0
20,000
40,000
60,000
80,000
100,000
120,000
1990 2000 2010 2016 2021
Population Avg Annual Growth
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SCHOOL NAME GRADES ENROLLMENTCanyon Ridge High School 10-12 233 Carmel Elementary School K-6 731 Cedar Middle School 7-8 1,057 Community Day School 7-12 15 Cottonwood Elementary School K-6 896 Cypress School of the Arts K-6 845 Eucalyptus Elementary School K-6 667 Hesperia High School 9-12 2,045Hesperia Junior High School 7-8 930Hollyvale Elementary School K-6 427Joshua Circle Elementary School K-6 793Juniper Elementary School K-6 655Kingston Elementary School K-6 646Krystal School of Math, Science, Technology K-6 873Lime Street Elementary School K-6 775Maple Elementary School K-6 798Mesa Grande Elementary School K-6 574Mesquite Trails Elementary School K-6 942Mission Crest Elementary School K-6 1,004Mojave High School 9-12 281Oak Hills High School 9-12 2,400Ranchero Middle School 7-8 988Shadow Ridge School K-12 210Sultana High School 9-12 1,962Topaz Preparatory Academy K-8 806*Encore High School for the Arts (Charter) 7-12 1,200*LaVerne Elementary Preparatory Academy K-8 453*Mirus Secondary 7-12 335*Pathways to College K-8 348*Summit Leadership 9-12 201Career & Adult Education
* Public Charter Schools
SCHOOLS SUMMARYHESPERIA UNIFIED SCHOOL DISTRICT
CITY OVERVIEW
HESPERIA COUNTY: SAN BERNARDINO TOTAL AREA: ±73.20 SQUARE MILESINCORPORATED: JULY 1, 1988MAYOR: PAUL RUSSWEBSITE: WWW.CITYOFHESPERIA.US/
Source: en.wikipedia.org/wiki/Hesperia,_California
CLIMATEHesperia is in the High Desert region of Southern California where humidity is low and sunshine is plentiful.
AVG JANUARY LOW TEMP: 32 FAVG JULY HIGH TEMP: 99 FAVG ANNUAL RAIN FALL: 6.19 in.ELEVATION: 3,186 ft.
Source: en.wikipedia.org/wiki/Hesperia,_California
2016 POPULATION 92,906 AVERAGE ANNUAL GROWTH (1990-2016): 1.95%FORECASTED ANNUAL GROWTH (2016-2021): 0.54%
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REGION OVERVIEW
SOUTHERN CALIFORNIA 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 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.
Source: en.wikipedia.org/wiki/Southern_California_Logistics_Airport and victorvillecity.com/airport/
INFRASTRUCTURE
There are more than $1.8 Billion in infrastructure projects planned for the region to take place within the next 4 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.
Local city streets have been under construction to repave, widen, and add stop lights in an effort to improve traffic flow.
WATER RECLAMATION
The Hesperia Subregional Water Reclamation Plant has recently come out of construction, and was completed in November 2017. The site location is at the northeast corner of Mojave St & Tamarisk Ave, just east of the subject property. The project components include 2 treatment plants (one in Hesperia, one in Apple Valley), force mains pipeline, percolation ponds, and a lift station for the Hesperia facility.
HESPERIA HOME 2018 VALUE
HESPERIA, CA
2018 Owner Occupied Housing Units by Value Base: 20,044
2018 Average Home Value: $305,432
2018 Median Home Value: $240, 165
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TREND REPORT
TREND REPORT
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1, 3, 5 MILES RADIUS DEMOGRAPHICS POPULATION 2016 20181 MILE 3,945 4,2763 MILES 57,697 60,5265 MILES 143,035 148,592
HOUSEHOLDS 2016 20181 MILE 1,028 1,1153 MILES 15,858 16,6775 MILES 40,645 42,186
MEDIAN AGE 2016 20181 MILE 29.3 29.73 MILES 30.6 30.95 MILES 30.0 30.3
AVERAGE HH INCOME 2016 20181 MILE $57,761 $64,7513 MILES $70,089 $76,4315 MILES $65,515 $70,736
SOURCE: STDB.COM ESRI FORECASTS FOR 2016 AND 2018
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.
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ACTIVE MARKET
OVERVIEW
1 DR HORTON AGAVE POINTE & JUNIPER
2 FRONTIER HOMES DIAMOND RIDGE
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 EVERGREEN HOMES CEDAR HEIGHTS
9 LEGACY HOMES MOUNTAIN VIEW
9
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
1 , 0 0 0 1 , 5 0 0 2 , 0 0 0 2 , 5 0 0 3 , 0 0 0 3 , 5 0 0
BASE
PRI
CIN
G
SQUARE FOOTAGE
KB Homes Wildflower at La Haciendas KB Homes Falcon Ridge D.R. Horton Willow Pointe
Evergreen Homes Sky Haven II Evergreen Homes Cedar Heights Frontier Communities Stone Briar
Legacy Homes Springfield
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NEW HOME COMMUNITIES PRICE GRAPH
WATERMARKE HOMES FOXFIRE RANCH TBD
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ACTIVE NEW HOME
COMMUNITIES
DR HORTON AGAVE POINTE AND JUNIPER CITY: Victorville PRODUCT: Single Family
PRICE RANGE: $300,000-350,000 HOA: N/A
HOUSE SIZE: 1,740-2,277 SF
SOURCE: DRHORTON.COM/CALIFORNIA/VICTORVILLE
FRONTIER COMMUNITIES DIAMOND RIDGE CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: $321,000 - $389,100 HOA: N/A
HOUSE SIZE: 2,017-3,024 SF
SOURCE: FHCOMMUNITIES.COM
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ACTIVE NEW HOME COMMUNITIES
KB HOMES WILDFLOWER AT LA HACIENDAS CITY: Victorville PRODUCT: Single Family
PRICE FROM: $311,195 HOA: N/A
HOUSE SIZE: 1,698 - 2,899 SF
SOURCE: KBHOME.COM
KB HOMES FALCON RIDGE CITY: Victorville PRODUCT: Single Family
PRICE FROM: $276,990 - $306,990 HOA: N/A
HOUSE SIZE: 1,624 - 2,537 SF
SOURCE: KBHOME.COM
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LEGACY HOMES MOUNTAIN VIEW CITY: Hesperia PRODUCT: Single Family
PRICE RANGE: N/A HOA: N/A
HOUSE SIZE: 1,834 - 3,032 SF
SOURCE: LEGACYHOMESUSA.COM
WATERMARKE HOMES FOXFIRE RANCH CITY: Victorville PRODUCT: Single Family
PRICE RANGE: TBD HOA: N/A
HOUSE SIZE: 1,848 - 2,629 SF PRICE/SF: TBD
SOURCE: WATERMARKE-HOMES.COM
ACTIVE NEW HOME
COMMUNITIES
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ACTIVE NEW HOME COMMUNITIES
EVERGREEN HOMES SKY HAVEN II CITY: Victorville PRODUCT: Single Family
PRICE RANGE: $259,990 - $364,990 HOA: N/A
HOUSE SIZE: 1,601 - 2,170 SF
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