Land Development Opportunity FOR SALE Rosamond Blvd. & 25 th St. W, Rosamond, CA 93560 NRT PROPERTY OVERVIEW Undeveloped parcel on Rosamond Blvd. with immediate access to the CA-14 Freeway. Parcel consists of COMMERCIAL and RESIDENTIAL zoning with commercial fronting Rosamond Blvd. across from the Rosamond Retail Center. There is a Tentative Tract Map for 170 lots and Commercial Tentative Parcel Map. Parcel can be SPLIT between commercial and residential. DETAILS PRICE: $7,250,000 Land Area: 48.32 Acres Zoning: R1 & C2 Residential Area: 40.17 Acres Commercial Area: 8.15 Acres FOR MORE DETAILS CONTACT: Greg Trotter gtrotter@coldwellbanker.com BRE License No. 00978695 Direct 818-205-2052 Main 818-995-2424 Fax 818-995-1976 Cell 310-344-4900 15490 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403 CBCWorldwide.com Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
Confidentiality and Disclaimer Coldwell Banker Commercial NRT (CBC) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of CBC, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of CBC, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. CBC is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of CBC, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of CBC, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. NON-ENDORSEMENT NOTICE The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from CBC and should not be made available to any other person or entity without the written consent of CBC. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, 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. CBC 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, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, CBC has not verified, and will not verify, any of the information contained herein, nor has CBC 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. EXCLUSIVELY LISTED BY: Greg Trotter Director - Commercial Exchange Group Coldwell Banker Commercial NRT 15490 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403 O: 818.205.2052 M: 310.344.4900 CalBRE No. 00978695 gtrotter@coldwellbanker.com Page 1 of 15
Property Information Price $7,250,000 Address Rosamond Blvd. & 25th St. W, Rosamond, CA 93560 Property Type Undeveloped Land Total Lot Size: 48.32 +/- Acres Residential Area: 40.17 +/- Acres Commercial Area: 8.15 +/- Acres County: Kern Zoning: C2 and R1 APN: 251-120-01 Grading: Raw Land - Generally Flat Approvals: None Utilities: Available In Street Service Providers: Water & Sewer: Rosamond Community Services Electricity: Southern California Edison Gas: Southern California Gas School District: Southern Kern Unified Details and Pricing Property is not parcelized so there is flexibility in parcel sizes & dimensions. Prices to be determined. Commercial land of 8.15 acres - 355,014 SF available. Residential land of 40.17 acres available. Tentative Tract Map shows 170 lots. Potential Uses 48.32 +/- Acres - Undeveloped Land - Rosamond, CA Convenience/Discount Store Gas Station Home Improvement-Garden Center Drug Store with Drive-Thru Fast Food with Drive-Thru Bank with Drive-Thru Health Club/Physical Fitness Urgent Care Center Property Description OUTSTANDING VISIBILITY just off the CA-14 Freeway with immediate access to on/off ramps. Prime Rosamond Blvd. frontage bordered by SEC 25th W and SWC Acacia St. Both corners are signalized. Rosamond is home to Edwards Airforce Base which includes the Air Force Test Center, the US Air Force Test Pilot School and NASA's Armstrong Flight Research Center. Edwards is approx. 15 miles east on Rosamond Blvd. The site offers both commercial zoning and residential zoning. Tentative Tract Map for 170 Lots for Residential R1 zone. Lot sizes 6,000 SF +/-. Tentative Parcel Map for 6 Parcels for Commercial C2 zone. Across the street from Rosamond Retail Center anchored by Albertsons, McDonalds and Taco Bell. Commercial and Residential zones can be split and purchased separately. Within a mile of the property is the Rosamond Skypark Airport, a US Postal Service location, and a County Fire Station. Kern County offers lower Sales and Property Taxes. Average Daily Traffic Count: Highway CA-14 31,000 Page 2 of 15
Area Description 48.32 +/- Acres - Undeveloped Land - Rosamond, CA Rosamond is an unincorporated town of approximately 18,000 in the north central part of the Antelope Valley in an area known as "Aerospace Valley". This area is approximately 60 miles northeast of Los Angeles and includes the rapidly-growing cities of Lancaster and Palmdale. Los Angeles is projected to grow by 3 million people in the next 10 years according to the U.S. Census Bureau and Southern California Association of Governments. The Antelope Valley is located in the targeted growth path of this massive population explosion and is the gateway to Edwards Air Force Base and south of the emerging civilian spaceport at Mojave. The Antelope Valley is home to growing industries including renewable, sustainable, alternative energy (solar thermal, solar voltaic, and wind) which makes this region on the "Alternative Energy Capital" of both California and the entire USA. Berkshire Hathaway has invested over $2.5 billion in 3,230+ acres of land near the cities of Rosamond and Lancaster where they built the massive 579 megawatt Solar Star Project, which constitutes the world's largest solar voltaic plant to date. This plant provides clean renewable energy to over one million residents in over 250,000 homes. The Antelope Valley is also home to many large and growing aerospace and technology industries including: Northrop Grumman Lockheed Martin NASA Virgin Atlantic Kinkisharyo International Sempra Energy Delta Scientific Boeing Aircraft BYD (Build Your Dreams) Electronic Vehicles The area is also home to Edwards Air Force Base and China Lake Naval Weapons research facilities which employ approximately 18,000 active military and civilian employees. The Pentagon recently announced that a new fleet of 100 Long Range Strike aircraft (the B-21 Raider) will be designed, engineered, and manufactured by Northrop Grumman in Palmdale, which translates into a long-term $80 plus billion defense contract for the Antelope Valley. In addition to this massive defense contract that will provide thousands of new jobs Kinkisharyo International was recently awarded a $910 million contract with the Los Angeles County Metropolitan Transportation Authority to build new high-quality light rail cars for the Metro System in their Palmdale plant. After just five years in Lancaster BYD, a Chinese electric vehicle manufacturer has quadrupled its workforce and manufacturing facility to fulfill a record-setting order for over 800 heavy-duty electric transit buses for the Washington State Department of Transportation and other orders across the country. The Antelope Valley is home to one of the largest density concentrations of STEM related workers in the nation. The local major aerospace contractors (Lockheed Martin, Boeing, and Northrop Grumman), the federal research labs in Edwards Air Force Base and China Lake, along with the private aerospace industry housed in the Mojave airport, are constantly recruiting local STEM talent offering high starting salaries and competitive benefits. Page 3 of 15
Trade Area 48.32 +/- Acres - Undeveloped Land - Rosamond, CA Traffic Count Cross Average Collection Miles Collection Street Street Daily Volume Year To Subject W. Rosamond Blvd. Frontage Rd 20,789 2016 0.04 W. Rosamond Blvd. Route 14 E 17,000 2016 0.15 W. Rosamond Blvd. Route 14 W 23,000 2016 0.22 W. Rosamond Blvd. Eagle Way 14,322 2016 0.30 Source: TrafficMetrix Page 4 of 15
Rosamond Outline Page 5 of 15
Recent New Home Sales ASHER RANCH by Frontier Communities consists of 3 model homes ranging from 1 store 1,820 SF homes with 3 Bedroom + Den + 2 Bath + Garage to 2 story 2,457 SF homes with 3 Bedroom + Den + 2.5 Bath + 2 Car Garage. The three models come in Spanish, Traditional, and Craftsman style. These homes range in price from $265,000 to $339,400. Asher Ranch just sold out of 93 homes. Asher Ranch II will be starting soon with 73 more homes. Page 6 of 15
48.32 +/- Acres - Undeveloped Land - Rosamond, CA Looking North from the Property Rosamond Center Across the Street Rosamond Blvd. Facing East Torwards Edwards AFB At Property Facing South on 25th St. Rosamond Blvd. Towards Edwards AFB Taco Bell Across The Street Page 7 of 15
Area Map Page 8 of 15
Parcel Outline Page 9 of 15
Local Map Page 10 of 15
. 48.32 +/- Acres - Undeveloped Land - Rosamond, CA Tentative Parcel Map - Commercial Page 11 of 15
Tentative Tract Map - Residential Lots Page 12 of 15
Plat Map Page 13 of 15
Demographics 1 Mile 3 Miles 5 Miles Population 2022 Projected Population 7,738 19,545 21,005 2017 Estimated Population 7,341 18,467 19,872 2010 Census Population 6,527 16,003 17,365 Growth 2017-2022 5.41% 5.84% 5.70% Growth 2010-2017 12.47% 15.40% 14.44% Households 2022 Projection 2,649 6,671 7,165 2017 Estimate 2,516 6,307 6,782 2010 Census 2,247 5,484 5,942 Growth 2017-2022 5.29% 5.77% 5.65% Growth 2010-2017 11.97% 15.01% 14.14% 2017 Housing Value (By Units) <$100,000 230 981 1,083 $100,000 - $200,000 900 1,962 2,044 $200,000 - $300,000 399 842 915 $300,000 - $400,000 11 96 167 $400,000 - $500,000 57 242 270 $500,000 - $1,000,000 0 53 71 $1,000,000 + 0 0 2 2017 Population By Race - Estimated White 76.87% 77.33% 78.04% Black 10.52% 9.92% 9.43% American Indian & Alaskan 2.03% 2.21% 2.19% Asian 4.86% 5.01% 4.86% Hawaiian & Pacific Island 0.60% 0.47% 0.52% Other 5.11% 5.06% 4.97% Hispanic Origin 38.26% 38.83% 38.70% 2017 Population By Age - Estimated Median Age 31.80 32.20 32.50 Average Age 33.90 34.10 34.40 2010 2017 2022 Income - 1 Mile Estimated Average Household Income $ 60,127 $ 75,444 $ 77,170 Estimated Median Household Income $ 47,047 $ 66,871 $ 67,866 Source: CoStar Page 14 of 15
Wide Aerial Contact Information Greg Trotter Commercial Exchange Group Coldwell Banker Commercial NRT 15490 Ventura Blvd., Suite 100 CA BRE No. 00978695 Sherman Oaks, CA 91403 gtrotter@coldwellbanker.com (818) 205-2052 Direct (818) 995-7483 Fax Page 15 of 15