32 nd West Street and Avenue G6

Transcription

1 32 nd West Street and Avenue G6 Property Offering: Approximately 5 Acres Net In the Vicinity of 32nd Street West & Avenue G6 In Los Angeles County APN:

2 Antelope Valley Surrounded by the Sierras to the north and the San Gabriel Mountains to the south, Antelope Valley is located northeast of the city of Los Angeles and covers the northern portion of Los Angeles County and the southeastern portion of Kern County. The Valley covers an area of approximately 3,000 square miles, about the size of Connecticut, and has a population of 446,342 and is expected to reach 780,504 by 2020 (GAVEA Economic Roundtable Report, 2007). This desert landscape, dotted with sage and dense groves of Joshua trees, is home to four incorporated cities Lancaster and Palmdale in Los Angeles County, and Tehachapi and California City in Kern County as well as several smaller unincorporated areas like Del Sur, Lake Los Angeles, Lake Hughes, Leona Valley, Littlerock, Pearblossom, Quartz Hill, Sun Village, and Rosamond. And these cities are growing. Based on US Census data, from 2000 to 2007, the population of Lancaster grew from 118,718 to 143,818, and the population of Palmdale grew from 116,670 to 145,468. The Valley is connected by a network of highways and roads. Freeway 14, heading north-south, connects California City in the north with Lancaster and Palmdale in the south and leads over the San Gabriel Mountains to Los Angeles. Highway 138, heading east-west, connects Interstate-5 on the western edge of the Valley with Victorville in San Bernardino County in the east. Smaller streets exist or are planned to be built every one-mile with streets running east-west lettered alphabetically and streets running north-south numbered chronologically. In addition to driving, there is a local bus service (Antelope Valley Transit Authority) and several airports Fox Field Airport and L.A./Palmdale Regional Airport located in Lancaster and Palmdale, respectively. And, just approved by California voters, by 2030, a high speed train will connect Lancaster and Palmdale with the San Francisco Bay Area and the city of Los Angeles. The earliest employment opportunities in the Valley were farming related but are now focused largely around aerospace. Edwards AFB was established in 1933 and was the site of many important aeronautical accomplishments like the first flight to break the sound barrier. Later in 1952, Plant 42 was built in northeast Palmdale and is home to Lockheed Martin, Boeing, Northrop Grumman, and BAE Systems, among other aerospace-related companies. As people have moved to the Valley to work for the growing aerospace industry, housing tracts were built in the middle of the Valley, pushing most farming operations farther to the west and east. The growing population has fueled the growth of service industry jobs and shopping, cultural, and business centers. Palmdale s Antelope Valley Mall is a main attraction as are several golf courses, parks, and museums. Antelope Valley is positioned at the center of growth with its abundance of land, efficient transportation, proximity to major cities, and home to its own growing industries Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

3 Central Antelope Valley Central Antelope Valley is home to Palmdale and Lancaster, the heart of Antelope Valley s business, shopping and recreational activities. In Palmdale, major employers like Boeing, Lockheed Martin, and Northrop Grumman are located at Air Force Plant 42, a defense research and aircraft manufacturing facility operating o ut of the L.A./Palmdale Regional Airport (2001 E. Ave P). The area located approximately from 100th to 120th St E between Ave L and Q is targeted for industrial users in support of the L.A./Palmdale Regional Airport which is proposed to become the Palmdale International Airport. Important business parks in Palmdale include the Freeway Business Park, at Fwy 14 and Ave N, and the soon to be completed 120-acre Fairway Business Park, at 7th St W and Ave O, which the city of Palmdale is investing millions into for infrastructure improvements. In Lancaster, major employers are centered at Fox Field Airport which is located from 40th to 60th St W between Ave F and G. The runways have been expanded to 700 feet and can now accommodate large cargo jets to relieve traffic at LAX. Surrounding the airport is Fox Field Enterprise Zone, approximately 8,000 acres of planned light-industrial development. Already located in the Fox Field Enterprise Zone is Michaels Regional Distribution Center at 37th St W and Ave H, and Rite-Aid s Regional Distribution Center located at 30th St W and Ave H. Other Lancaster business parks include Lancaster Business Park at Business Center Parkway and Ave L and North Lancaster Industrial Center at Ave H and Division St. Shopping in east Palmdale includes Gateway Plaza soon to be opened at 47th St E and Ave R with a Super Target, Pet Smart, Staples and Home Depot. In west Palmdale, major establishments are clustered along 10th St W such as Antelope Valley Mall, the Auto Mall, and Home Depot. Important shopping areas in Lancaster include the Super Wal-Mart and Valley Central Shopping Center at 20th St W and Ave J, and the Lancaster Marketplace at 30th St W and Lancaster Blvd (Ave I-8). Local parks include: Marie Kerr Park, Best of the West Softball Complex and Palmdale Amphitheater at 30th St W and Ave R, Pelona Vista Park, Palmdale's largest park, offering multiple soccer and baseball fields on 73 acres at Tierra Subida Ave and Ave R, Clear Channel Stadium at Fwy 14 and Ave I, the 135-acre Antelope Valley Fairgrounds at Fwy 14 and Ave H, and Oasis Recreation Center and Dry Town Water Park at 40th St E and Ave S. And, there are several golf courses: the public, 9-hole Desert Aire Golf Course at 40th St E and Rancho Vista Blvd (Ave P), the private, 18-hole Antelope Valley Country Club near 10th St W and Ave P, and the public, 18-hole Rancho Vista Golf Course, offering a lighted driving range, group or private instruction, a pro shop and clubhouse facilities, at 30th St W and Ave N-8. Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

4 APN Vicinity 32 nd Street West & Avenue G6 (According to Assessor Map) Los Angeles County Area Lancaster Zoning LRSP Gross Acres 5.00 Net Acres 5.00 Price per Gross Acre $42, Price per Net Acre $42, Total Price $210, Units 1 Price per Unit $210, Features Parcel has flat topography and is located within Lancaster city limits. Located less than one-quarter of a mile west of 30th Street West and one-quarter of a mile north from paved Avenue I, both are the future 100' wide major thoroughfare roads per Los Angeles County General Plan. Moreover, parcel is only 1 mile from 14 High Way and 3 miles from 138 High Way which is an East-West artery that joins in the west to I-5 over the San Gabriel Mountains. Michaels and Rite Aid distribution centers are within one and half mile. The new track homes are less than 2 miles southeast from the subject parcel. Commercials, retails and warehouses are at 30th St West and Ave H. Sewer, water, phone and electricity are available at both Avenue H and 30 th Street West. Priced 40.16% lower than the average sold price. Great value for an excellent location! Located in the sphere of influence of Lancaster, this parcel is one mile south from the General William J Fox Airfield and Apollo Park, and is less than two miles northwest from the Antelope Valley Fairgrounds. The parcel is situated within the Special Plan of Fox Field Business Park - approximately 8,000 acres of planned industrial park. The area is being promoted for large-scale industrial development, and the General Plan has zoned it as light industrial. Full details are available in the Disclosure Save Report included in this property offering. Located in a bond assessment district for Los Angeles County Regional Park and Open Space. The bonds are used to finance the acquisition and construction of certain public facilities benefiting the properties in the district. Additional Costs Estimates - According to Los Angeles County Assessor Estimated Property Tax (1.25%) $2, Annual estimate, taxes due in two installments for term of ownership - Additional costs are estimates only and are subject to change by the county upon reassessment of value and / or change of ownership. Additional cost estimates are to the best of ACEQ's knowledge. Seller is not liable for any discrepancies of additional cost. Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT IN C. reserves the right to correct any unintended errors or omissions.

5 Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

6 Subject Parcel Photo provided without verification, may not represent current conditions. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

7 Subject Parcel Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

8 BYD Coach and Bus LLC purchased two parcels in April 2013, and purchased three parcels in July Three parcels are 170 acres in total. W Avenue G General Wm. J. Fox Airfield Subject Parcel Apollo Community Regional Park W Avenue H 60 th Street West 50 th Street West 40 th Street West 30 th Street West Highway th Street West 10 th Street West W Avenue I Tract Homes Lancaster School District Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

9 W Avenue G Subject Parcel City Land W Avenue H W Avenue I State and City Land Lancaster School District Land LA County Land W Avenue J Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

10 Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

11 APN Sold: $65,200.00/acre APN Sold: $62,820.51/acre W Avenue G APN Sold: $68,000.00/acre Subject Parcel APN $42,000/acre W Avenue G8 APN Sold: $58,000/acre APN Sold: $64,000.00/acre APN Sold: $78,773.58/acre 35 th Street West W Avenue H 40 th Street West 30 th Street West Highway 14 Tract Homes Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source, ACEQ INVESTMENT INC., its representatives and Brokers/Agents. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. ACEQ INVESTMENT INC. reserves the right to correct any unintended errors or omissions.

12 ACEQ Investment Inc The Comparative Market Analysis (CMA) of this property includes all Greater Antelope Valley Association of Realtor s (GAVAR) MLS Active, Pending, and Sold listings as we find this to be the most reliable source of verifiable data available (comparables collected within a one mile radius). Market Data as of 4/5/2017 APN Vicinity 32nd Street West & Avenue G6 (According to Assessor Map) $90, Area Los Angeles County - Lancaster $80, $70, Zoning LRSP $60, Gross Acres 5.00 $50, $40, Net Acres 5.00 $30, Price per Gross Acre $42, $20, $10, Price per Net Acre $42, Subject $0.00 Total Price $210, Units 1 Price per Unit $210, Active price per acre Active Lot Asking Price Listing # APN Street Ave Size Zoning Total Per Acre Date W F LRSP $60, $56, /10/ W G LRSP $145, $58, /27/ W G LRSP $79, $63, /13/ W G LRSP $85, $68, /07/ W G LRSP $160, $71, /05/ W G LRSP $160, $71, /05/ W G LRSP $95, $89, /30/ $112, $68, Sold Lot Sale Price Sale # APN Street Ave Size Zoning Total Per Acre Date W LRSP $290, $58, /19/ W G LRSP $147, $62, /08/ W G LRSP $80, $64, /31/ W G LRSP $81, $64, /12/ W G LRSP $81, $65, /03/ W G LRSP $85, $68, /10/ W G LRSP $83, $78, /26/ $121, $65, Notes LR- City of Lancaster SP- Special Plan (Fox Field Industrial Corridor Special Plan) Zoning designations shown are obtained from the following sources: Lancaster Zoning Map, adopted 10/13/98, Ordinance No ; updated through 2/13/04, Ordinance No. 825; supplemented with Fox Field Specific Plan information taken from the Lancaster General Plan Map, adopted 10/28/97, Resolution ; updated through Resolution No City of Palmdale Zoning map, adopted 12/14/94; updated 9/13/04, Ordinance #1248. Los Angeles County General Plan: A. V. Area Plan, adopted 12/4/86; updated through 7/27/99 (LP93-021); printed 2/7/02. First American Real Estate Solutions: May 2010 database of property characteristics, ownership, sale, and tax database via Win2Data. Data were obtained from sources deemed reliable. Accuracy is not guaranteed by the source or ACEQ Investment Inc. This list may not contain all market activity. Information should be verified.

13 ACEQ Investment, Inc. Important Disclosure: Data shown is obtained from sources deemed reliable such as, the local Association of Realtors and its Multiple Listing Service, the City and County official records, Chamber of Commerce, Greater Antelope Valley Economic Alliance and numerous local real estate and general publications. All data including lot sizes, boundaries, land-use and zoning data, availability of utilities, access and easements, market data and prices, sales information and maps are un-audited and have not been verified. The information is deemed reliable but its accuracy is not verified or guaranteed by the sources mentioned above or ACEQ Investment Inc., its representatives, employees and Brokers or Agents. The data may or may not contain all market activity in the area. The information is provided only to assist interested parties in their consideration of a long term speculative purchase to meet their needs. However, verification of all opinions, facts, data and information is advised and acquisition of additional information deemed necessary is recommended, as it would be with any important financial decision. Data is subject to change, revision and/or correction without notice. Any and/or all properties are subject to prior sale, price change or withdrawal without notice. In case of prior sale, substitute property to be designated for approval by parties within two business days. ACEQ Investment, Inc Stevens Creek Blvd., Bldg. C, Ste. 1C Cupertino, CA95014 Tel: Fax: