±17.64 ACRES SINGLE FAMILY RESIDENTIAL · 17.64 ACRES NWC BELLFLOWER RD & DEL ROSA RD, VICTORVILLE, CA AERIAL VIEW NORTHEAST KURSCH GROUP INLAND EMPIRE NORTH 5 The northeast aerial

EXCLUSIVE OFFERING MEMORANDUM

NWC BELLFLOWER STREET & SYCAMORE STREET, VICTORVILLE, CA±17.64 ACRES SINGLE FAMILY RESIDENTIAL

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 ContactJeremy SchmidtExecutive Vice [email protected] #01310579

Corporate Office12180 Ridgecrest Road, Suite 232 Victorville, CA 92395PH. 760.983.2383 FAX 760.983.2433WWW.KURSCHGROUP.COMCorporate BRE: 01896143

17.64 ACRES | NWC BELLFLOWER RD & DEL ROSA RD, VICTORVILLE, CA

PROPERTY SUMMARY

KURSCH GROUP INLAND EMPIRE NORTHWWW.KURSCHGROUP.COM 3

ADDRESS NWC BELLFLOWER ST & SYCAMORE STVICTORVILLE, CA 92392

PROPERTY OVERVIEWThe subject property provides a ±17.64 AC parcel of vacant land offering an opportunity to deliver single family product in the active path of progress west of Hwy 395, Victorville, CA. DR Horton is actively building a new home tract development northwest of the subject property, 334 homes at full capacity. The subject parcel has graded road access, adjacent to established residential homes with power service. There are fire hydrants to the north and east of the site.

LOCATIONLocated at the northwest corner of Bellflower St & Sycamore St, approximately 1,350’ south of Bear Valley Rd.

DIRECTIONSHwy 395 NB: turn west on Bear Valley Road, go approx. 1 mile and turn left on Bellflower Rd and go south approx. 1,400’. the subject property is on the right.

MUNICIPALITY City of Victorville (within city limits)County of San Bernardino

ZONING R-1 Single Family Residential

ASSESSORS PARCEL NUMBER3071-121-13

LOT SIZE ±17.64 ACRES

UTILITIESElectric At SiteSewer Possible connection within 3/4 mile NE of siteWater At Site

ASKING PRICE FOR SALE $355,000

PRIME LOCATION ACTIVE PATH OF PROGRESS


1-3-5 MILE MAP


This subject site is located within the city limits of Victorville, approx. 1 mile west of Hwy 395. Near by DR Horton development tract of 334 lots is in active construction. Frontier Communities and Watermarke Homes are also in active construction east of Hwy 395.Southeast of the site, more than 700 lots planned among tentative tracts and partially improved tracts.Legacy Homes recently purchased 87 Lots for future construction.


AERIAL VIEW NORTHEAST


The northeast aerial shows established rural residential homes, close proximity to Highway 395 (approx. 1 mile) and DR Horton’s tract development currently in construction (334 homes at capacity). There are numerous tentative tracts and planned projects in the vicinity northeast of the site as indicated. The subject site is within the City of Victorville city limits, zoned R-1 Single Family Residential.


AERIAL VIEW SOUTHEAST


The southeast aerial shows established rural residential homes, close proximity to Highway 395 (approx. 1 mile) and near by tentative tracts southeast of the site planned for future development.


STREET PHOTOS


Graded roads run along all four boarders of the subject site. There are power lines on adjacent properties to the south and to the west and there are fire hydrants along Bellflower St.

Southwest Corner

Northeast Corner

Southeast Corner


PLAT MAP


This commercial office building has a spacious open floor plan with build out along the perimeter. There are 4 large office/classrooms; a closet; 3 rest rooms; a break room and private offices.


CITY OVERVIEW


VICTORVILLE COUNTY: SAN BERNARDINO TOTAL AREA: ±73.74 SQUARE MILESINCORPORATED: SEPTEMBER 21, 1962MAYOR: GLORIA GARCIAWEBSITE: WWW.VICTORVILLECA.GOV

2016 POPULATION 124,729 AVERAGE ANNUAL GROWTH (1990-2016): 5.62%

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


REGIONAL OVERVIEW


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

More than $1.8 Billion in infrastructure projects have been completed and are planned for the region, due to the High Desert’s 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.


REGIONAL OVERVIEW


Big Lots Distribution Center closed on a land deal, December 2017, in the Town of Apple Valley to develop a brand new ±1.4 million Sq. Ft. facility. Grading and development is already in full swing. The project is estimated to bring up to 500 new jobs to the region.

The North Apple Valley Industrial Specific Plan is already home to Walmart’s ±1.3 million Sq. Ft. distribution center, Fresenius Medical Manufacturer and Atlas Vans. Easy, nearby access to Interstate 15, abundant vacant land and a welcoming pro-development city makes this area a logical choice for future logistics & manufacturing development.

Documents

±17.64 ACRES SINGLE FAMILY RESIDENTIAL · 17.64 ACRES NWC BELLFLOWER RD & DEL ROSA RD, VICTORVILLE, CA AERIAL VIEW NORTHEAST KURSCH GROUP INLAND EMPIRE NORTH 5 The northeast aerial