MIDTOWN SQUARE cOMMERcIAL cENTER - CoStar...
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EXCLUSIVE LEASE OFFERING MEMORANDUM 16808-16988 MAIN STREET, HESPERIA, CA MIDTOWN SQUARE COMMERCIAL CENTER
Transcript of MIDTOWN SQUARE cOMMERcIAL cENTER - CoStar...
exclusive leAse OFFeRiNG memORANdum
16808-16988 MAIN STREET, hESpERIA, cAMIDTOWN SQUARE cOMMERcIAL cENTER
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
Tony ScafidiAssociate760.983.2598 [email protected] #01887228
TABle OF cONTeNTs
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01PROPERTY SUMMARY 16808-16988 MAIN STREET, HESPERIA, CA
SITE SUMMARYLOCAL MAPAVAILABLE SUITES FOR LEASEDEMOGRAPHICS
02CITY OVERVIEW CITY OF HESPERIA
03REGION OVERVIEW SOUTHERN CALIFORNIA LOGISTICS CENTRE
INFRASTRUCTURE PROJECTS
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siTe summARY
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ADDRESS16808-16988 Main StreetHesperia, CA 92345
pROpERTY OVERVIEWCommercial/Retail Suites For Lease within a multi-tenant shopping center anchored by Stater Bros. grocery and includes a strong mix of national and regional tenants like Orchard Supply Hardware, KFC, US Bank, Starbucks, Subway, Baskin Robbins, Sizzler.
LOcATIONMidtown Square is located on the north side of Main Street, on the east side of C Avenue and on the west side of E Avenue. Each of these intersections are signalized. MUNIcIpALITY City of Hesperia (within City Limits)County of San Bernardino
ZONING NC - Neighborhood Commercial within the City of Hesperia’s Main Street / Freeway Corridor Specific Plan
UTILITIESElectric Southern California EdisonGas Southwest Gas CompanyWater/Sewer City of Hesperia
SITE ATTRIBUTES• Grocery Anchored Shopping Center• Signalized Intersections• Mix of National & Regional Tenants LIST pRIcESuite 16808 B of 2,925 SF: $1.50 PSF NNNSuite 16876 B of 7,000 SF: $1.00 PSF NNN
locAl mAp vIew
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suiTe 16876 B
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SUITE 16876 B: ±7,000 SF For Lease $1.00 PSF plus NNN(Fixtures are available for purchase $13,000, tenant to verify)Retail Store with large front windows, building signage, rear roll up door.
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SuITe 16808 b
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SUITE 16808 B: ±2,925 SF For Lease $1.50 PSF plus NNN
1, 3, 5 mIleS RAdIuS demoGRAphIcS
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populATIon 2017 20221 mile 8,811 8,9883 mIleS 56,702 58,4295 mIleS 124,239 128,987
houSeholdS 2017 20221 mile 2,740 2,7653 mIleS 16,721 17,1125 mIleS 37,742 38,989
mediAN AGe 2017 20221 mile 26.9 27.43 mIleS 31.9 32.75 mIleS 32.7 33.3
AveRAGe hh Income 2017 20221 mile $38,399 $41,8653 mIleS $60,089 $67,5015 mIleS $64,094 $71,796
Source: stdb.com ESRI forecasts for 2017 and 2022
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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populATIon 2017 20221 mile 8,811 8,9883 mIleS 56,702 58,4295 mIleS 124,239 128,987
houSeholdS 2017 20221 mile 2,740 2,7653 mIleS 16,721 17,1125 mIleS 37,742 38,989
mediAN AGe 2017 20221 mile 26.9 27.43 mIleS 31.9 32.75 mIleS 32.7 33.3
AveRAGe hh Income 2017 20221 mile $38,399 $41,8653 mIleS $60,089 $67,5015 mIleS $64,094 $71,796
Source: stdb.com ESRI forecasts for 2017 and 2022
ciTY OveRview
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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
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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.
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 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.
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WATER RECLAMATION (pIcTuRed leFT)
The hesperia Subregional water Reclamation plant is in construction, estimated completion is Fall 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.
