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EXCLUSIVE OFFERING MEMORANDUM 15378 RAMONA AVE, VICTORVILLE, CA COMMERCIAL OFFICE BUILDING - FORMER CHARTER SCHOOL

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Page 1: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

exclusive OFFeRiNG memORaNdum

15378 Ramona ave, victoRville, cacommeRcial office building - foRmeR chaRteR school

Page 2: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

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

Page 3: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

pROpeRty summaRy

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 315378 RAMONA AVE, VICTORVILLE, CA

addRess 15378 Ramona avevictoRville, ca 92392

PRoPeRtY oveRviewThis subject property offers ±5,808 SF office/commercial building with high ceilings and a general build out conducive to many uses (formerly a charter school ) there is an expansive open space with offices and classroom/meeting rooms along the perimeter. The ±0.75 AC site provides a large front parking lot landscaped with mature trees.

locationThis subject property is located within the Civic Center area of Victorville, near the City Hall & San Bernardino County Court. There are many office/professional uses in the vicinity along with a mix of retail and light industrial south of the site. The area is well served by paved city streets and quick access to I-15 Freeway via Palmdale Rd interchange - approx. 1/3 mile southeast of this property.

diRectionsI-15 Freeway: Exit at Palmdale/Hwy 18 and go east. Turn right on Kentwood Blvd, then turn left on Ramona Ave. The subject site is on the right.

municiPalitY City of Victorville (within City Limits)County of San Bernardino

Zoning C-2 GEnERAL CommERCIAL

land siZe ±0.75 (32,505 SF)

building siZe ±5,808 SF

PaRKing PAVEd, on-SITE LoT; 45 STALLS

stReet fRontage ±165 FT

featuRes InTERIoR REmodELEd In 2013 HIGH CEILInGS, SPACIouS FEEL LAndSCAPEd PARKInG LoT wITH mATuRE TREES wITHIn CIVIC CEnTER AREA nEAR CITy HALL APPRox. 1/3 mILE To I-15 FREEwAy

asKing PRice foR sale $1,300,000

asKing PRice foR lease $7,000 per month plus nnnTenant to pay all aspects of property: utilities, roof, parking, property tax & insurance.

PRIME LOCATION CIVIC CENTER AREA

Page 4: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

FlOOR plaN

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 415378 RAMONA AVE, VICTORVILLE, CA

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.

Page 5: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

iNteRiOR phOtOs

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 515378 RAMONA AVE, VICTORVILLE, CA

primarily open space, ±82’x31’, allows for a variety of uses and configurations. current use is a charter school built out with large classrooms that may serve as office or conference rooms.

East View

West View

Page 6: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

aeRial view NORth

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 615378 RAMONA AVE, VICTORVILLE, CA

The north aerial photo shows the subject property in close proximity to the I-15 Freeway, the Victorville City Hall and many other commercial office uses in the Civic Center area.

Page 7: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

aeRial view NORtheast

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 715378 RAMONA AVE, VICTORVILLE, CA

The northeast aerial shows the Civic Center area west of I-15 Freeway - a great mix of office, retail, medical and light industrial uses.

Page 8: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

1, 3, 5 MILES RAdIuS dEMOGRApHICS

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 815378 RAMONA AVE, VICTORVILLE, CA

pOpulatiON 2017 20221 mile 8,739 9,1193 miles 91,751 96,5455 miles 177,297 185,806

hOusehOlds 2017 20221 mile 2,939 3,0443 miles 26,835 28,0065 miles 50,471 52,521

mediaN aGe 2017 20221 mile 28.9 29.63 miles 29.5 30.45 miles 30.9 31.6

aveRaGe hh iNcOme 2017 20221 mile $46,128 $50,4003 miles $59,822 $66,3865 miles $67,795 $75,415

Source: stdb.com ESRI forecasts for 2017 and 2022The 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.

Page 9: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

city OveRview

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 9

VICTORVILLE County: SAN BERNARdINO total area: ±73.74 SQuARE MILESinCorporateD: SEpTEMBER 21, 1962mayor: GlORia GaRciaWeBSite: www.VICTORVILLECA.GOV

Year Population Growth Rate1990 40,6742000 64,029 57.40%2010 115,903 81.00%2016 124729 7.61%2021 131219 5.20%

40,674

64,029

115,903

124729131219

57.40% 81.00% 7.61% 5.20%0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

1990 2000 2010 2016 2021

Population Growth Rate

2016 POPULATION 124,729 average annual groWth (1990-2016): 5.62%foreCaSteD annual groWth (2016-2021): 1.02%

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

15378 RAMONA AVE, VICTORVILLE, CA

Page 10: commeRcial office building - foRmeR chaRteR school€¦ · KuRsch gRouP inland emPiRe noRth 3 15378 RAMONA AVE, VICTORVILLE, CA addRess 15378 Ramona ave victoRville, ca 92392 PRoPeRtY

ReGiONal OveRview

KuRsch gRouP inland emPiRe noRthwww.KuRschgRouP.com 1015378 RAMONA AVE, VICTORVILLE, CA

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

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.