RECENTLY APPROVED 88 LOT TENTATIVE TRACT MAP - SENECA ROAD, ADELANTO, CA - EXCLUSIVE OFFERING MEMORANDUM - LOOPNET
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exclusive OFFERING memorandum
RECENTLY APPROVED 88 LOT TENTATIVE TRACT MAP
seneca road, adelanto, ca
Corporate Office Broker Contact
12180 Ridgecrest Road, Suite 232 Jeremy Schmidt
Victorville, CA 92395 Executive Vice President
PH. 760.983.2383 FAX 760.983.2433 760.983.2593
WWW.KURSCHGROUP.COM JSchmidt@KurschGroup.com
Corporate BRE: 01896143 BRE #01310579
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.
TABLE OF CONTENTS
01
DEVELOPMENT SUMMARY
SENECA RD, ADELANTO, CA
SITE SUMMARY
TRACT MAP
SITE PHOTOS
LOCAL MAP
DEMOGRAPHICS
WATER MAP
SEWER MAP
02
CITY OVERVIEW
schools summary
city of adelanto
03
REGION OVERVIEW
southern california logistics centre
infrastructure projects
04
MARKET ANALYSIS
ADELANTO HOME SALES
nEW HOME COMMUNITIES MAP
NEW HOME COMMUNITIES PRICE GRAPH
ACTIVELY SELLING NEW HOME COMMUNITIES
KURSCH GROUP Inland empire north
88 LOT ttm - adelanto, ca www.kurschgroup.com 3
site SUMMARY
PRIME LOCATION
future development
PROPERTY OVERVIEW Zoning
The subject property has an approved tentative tract map for 88 Single R1 (Single Family Residential Max. 4 du/ac)
Family Residential Lots in the City of Adelanto. The project provides an
opportunity to deliver new homes in an active path of progress, west Entitlement
of Highway 395. Tentative Tract Map 20083 was Approved May 16, 2017 for 88
LOCATION single family lots and 2 lettered open space lots. Tract Map is
The subject property is located north of Seneca Road and west of Aster valid 3 Years with possible extension of time(s).
Avenue in the City of Adelanto, CA. Exit Interstate 15 at Palmdale Road
/ West Highway 18 and turn left onto Mariposa Road. Turn left onto LOT Sizes
Palmdale Road and head west approximately 4.5 miles to the signal at Lots range in size from 7,200 Sq. Ft. to 14,256 Sq. Ft. with an
Highway 395. Continue west on Highway 18 for approximately 2 miles average lot size of 7,828 Sq. Ft.
then turn right on Aster Road. Travel north approximately 1/2 mile to
Seneca Road. Turn left on Seneca Road and follow it approximately 660 HOA
feet to the property on your right. Project does not recommend the formation of an HOA.
Municipality
City of Adelanto (within City Limits) CFD
County of San Bernardino No site specific CFD is proposed for the property.
Assessors parcel number & acreage
3132-081-04 5.0 UTILITIES
3132-081-05 5.0 Electric Southern California Edison
3132-081-06 5.0 Gas Southwest Gas Company
3132-081-09 10.0 Telephone Frontier Communications
Total Acreage 25.0 Water/Sewer City of Adelanto
Net Acreage 23.1
Condition of the site ASKING PRICE
The site is currently unimproved. Submit.
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 4
tentative tract map 20083
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 5
property photo
Aerial views north toward the City of Adelanto. Adelanto’s new state-of-the-art $2.1 MM High School is just a mile north of the site The industrial zone is
about 2 miles northwest of the site and Southern California Logistics Airport is about 6 miles to the northeast - both areas providing great opportunities
for jobs.
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 6
property photos
NORTHWEST VIEW EAST VIEW
Above: Ground level views to the north from the southern border of the Above: Aerial views east, this site is adjacent to existing residential devel-
site. City of Adelanto water tanks sit on an adjacent property. opment and the next logical path of progress.
EAST VIEW NORTHEAST
VIEW
Above: Street view east, Seneca Road Above: Aerial views northeast, adjacent residential developments, Adelanto
High School and Southern California Logistics Airport (SCLA).
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 7
LOCAL MAP
1. Adelanto High School
2. Don Bradach Elementary
3. Victoria Magathan Elementary
4. Columbia Middle School
5. Theodore Vick Elementary
6. Desert Trails Elementary
The Site is the logical path of progress adjacent to established Residential Developments and Proposed Developments for future growth. Northwest of the site
is Adelanto High School’s new $120 MM state-of-the-art campus, as well as local elementary and middle schools. A ±98,270 SF anchored shopping center was
recently approved for a site southeast of the subject.
Hwy 395 is east of this parcel, providing easy access to Interstate 15, SCLA (Southern California Logistics Airport), and the new Super Walmart anchored Shopping
Center at the intersection of Hwy 395 & Palmdale Rd.
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 8
1, 3, 5 Miles radius demographics
Population 2016 2021
1 Mile 6,517 6,932
3 Miles 31,055 32,913
5 Miles 79,134 83,133
Households 2016 2021
1 Mile 1,575 1,667
3 Miles 7,474 7,852
5 Miles 20,062 20,887
Median Age 2016 2021
1 Mile 27.0 28.1
3 Miles 27.1 27.9
5 Miles 28.2 28.8
Average HH Income 2016 2021
1 Mile $51,986 $54,607
3 Miles $59,746 $64,392
5 Miles $69,053 $75,112
Source: stdb.com ESRI forecasts for 2016 and 2021
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.
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 9
water system map
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 10SCHOOLS SUMMARY
victor valley union High school district
school name grades enrollment
Adelanto High School 9-12 1,748
The property is served by the Victor Valley Cobalt Institute of Math and Science 7-12 864
Union High School District (VVUHSD) Goodwill High School 8-12 206
which covers an area of approximately Imogene Garner Hook Junior High School 7-8 808
536 Square Miles. VVUHSD serves nearly Lakeview Leadership Academy 7-8 796
10,000 middle school and high school Silverado High School 9-12 2,213
students. It is comprised of five (5) high University Preparatory School 7-12 1,115
schools, one (1) continuation high school, Victor Valley High School 9-12 1,892
and two (2) middle schools.
Source: VVUHSD.org and GreatSchools.org
adelanto elementary school district
school name Grades enrollment
Adelanto Elementary School K-6 469
Columbia Middle School 7-8 391
The property is served by the Adelanto Donald F. Bradach School K-8 763
Elementary School District (AESD) which Eagle Ranch School K-6 765
serves nearly 9,000 elementary school El Mirage School K-8 120
and middle school students. AESD is George Visual & Performing Arts K-8 699
comprised of eleven (11) elementary Magnet School
schools and three (3) middle schools. Gus Franklin Jr. STEM School K-7 635
Melva Davis Academy of Excellence 6-8 706
STEAM Middle School
Mesa Linda Middle School 7-8 846
Morgan Kincaid Preparatory School of K-6 931
Integrated Studies
Theodore Vick School K-8 776
Victoria Magathan Elementary K-6 639
West Creek Elementary K-6 595
Westside Park Elementary K-6 630
Source: AESD.net and GreatSchools.org
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 11city overview
ADELANTO
Progress through unity
County: San Bernardino
total Area: ±56 sQUARE mILES
incorporatED: December 22, 1970
mayor: richard kerr
Mayor pro tem: jermaine wright Sr
WEBSITE: www.ci.adelanto.ca.us
Year Population Growth Rate
1990 8,517
2000 18,130 112.90%
2010 31,765 75.20%
2016 33971 4.40%
2021 35809 5.30%
2016 POPULATION 33,971 average annual growth (1990-2016): 11.49%
forecasted annual growth (2016-2021): 1.06%
40,000
35809
CLIMATE 35,000 33971
Adelanto is in the High Desert region of Southern California 31,765
where humidity is low and sunshine is plentiful. 30,000
AVG JANUARY LOW TEMP: 32.6 F 25,000
aVG jULY hIGH tEMP: 97.0 F
20,000 18,130
AVG ANNUAL rAIN FALL: 8.5 in.
AVG SUNNY DAYS: 286
15,000
ELEVATION: 2,984 ft.
10,000 8,517
Source: bestplaces.net/climate/city/california/adelanto
5,000
112.90% 75.20% 4.40% 5.30%
0
1990 2000 2010 2016 2021
Population Growth Rate
Source: en.wikipedia.org/wiki/Adelanto,_California
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 12city overview
MEDICAL MARIJUANA
CULTIVATION ZONE
The City of Adelanto recently
approved a progressive approach
to stimulating financial growth
in the city: the permitted use of
Medical Marijuana Cultivation.
The measure allows an overlay
use in specified industrial zones,
recently increased to about 500
Acres. Improved properties and
vacant land in the designated area
have been selling for astronomical
prices, quickly boosting the city’s
economy.
Approximately 4 Million Sq. Ft.
of industrial buildings are in
construction for this use. The
surge in industrial development
will create more jobs, of which the
City of Adelanto has requested
that half of those employees
be Adelanto residents. This will
ultimately drive more people to
relocate to the city, thus increasing
demand for new homes.
clark pacific
Immediately south of the MMC
zone at the southeast corner of
Holly Rd & Beaver Rd, Clark Pacific,
a heavy weight in prefabricated
architectural and structural precast
solutions has begun grading their
site of 110 Acres for a new state-
of-the-art manufacturing facility,
adding an estimated 500 jobs to
the area.
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 13regional 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
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 Highway 395
experienced a massive 75% population growth from census years
2000 to 2010, leaving much of the roadways ill-equipped for the Widening
influx of vehicle traffic on surface streets and highways. Project
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 primary Highway in Adelanto, Highway 395, is scheduled
for a widening project estimated at $483 Million. The stretch
from Palmdale Rd to Chamberlaine Way will be the first phase
completed. (PICTURED RIGHT)
Local city streets have been under construction to repave, widen,
and add stop lights in an effort to improve traffic flow.
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 14adelanto home resales
Home reSales
As of January 1, 2018 in the City of Adelanto there
were 42 listing Actively For Resale. 20 properties
Sold in December 2017.
The Average Price per Sq. Ft. Sold in December
2017 was $128, up 14.3% in the same month of
2016.
The Average Sold Price in December 2017 was
$196,000, up 12% in the same month of 2016.
The Average Active Asking Price in December 2017
was $219,000, up 43.1% in the same month of
2016.
Source: VVAR.com
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 15active market overview
1 DR Horton WILLOW POINTE sold out
2 FRONTIER communities STONE BRIAR
3 KB HOMES WILDFLOWER
4 KB HOMES FALCON RIDGE
5 LEGACY HOMES SPRINGFIELD
6 WATERMARKE HOMES FOXFIRE RANCH
7 eVERGREEN hOMES SKY HAVEN II
8 del webb SUN CITY
9 EVERGREEN HOMES CEDAR HEIGHTS
10 DR HORTON COMING March 2018
AGAVE POINTE & Juniper
11 Frontier communities Diamond ridge
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 16NEW HOME COMMUNITIES price graph
Watermarke Homes Foxfire Ranch TBD DR Horton Agave Pointe TBD
DR Horton Juniper TBD
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 17ACTIVE NEW HOME COMMUNITIES
DR HORTON willow pointe (SOLD OUT)
CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: $261,060 - $278,735 HOA: N/A
HOUSE SIZE: 1,898 - 2,239 SF PRICE/SF: $124.49 - $137.54
Source: drhorton.com/California/Victorville
dr horton agave pointe at silverstone (AVAILABLE MARCH 2018)
CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: TBD HOA: N/A
HOUSE SIZE: 1,740 - 2,277 SF PRICE/SF: TBD
Source: DR Horton - Internet Sales Counselor for So Cal
dr horton JUNIPER at silverstone (AVAILABLE MARCH 2018)
CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: TBD HOA: N/A
HOUSE SIZE: 2,401 - 2,709 SF PRICE/SF: TBD
Source: DR Horton - Internet Sales Counselor for So Cal
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 18ACTIVE NEW HOME COMMUNITIES
frontier communities stone briar
CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: $234,990 - $252,990 HOA: N/A
HOUSE SIZE: 1,639 - 2,002 SF PRICE/SF: $126.37 - $143.37
Source: fhcommunities.com
FRONTIER COMMUNITIES diamond ridge
CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: $303,910 - $344,590 HOA: N/A
HOUSE SIZE: 2,017 - 2,707 SF PRICE/SF: $127.30 - $150.67
Source: fhcommunities.com
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 19ACTIVE NEW HOME COMMUNITIES
KB HOMES wILDFLOWER AT LA HACIENDAS
CITY: Victorville PRODUCT: Single Family
PRICE RANGE: $240,990 - $278,990 HOA: N/A
HOUSE SIZE: 1,698 - 2,899 SF PRICE/SF: $96.24 - $141.93
Source: KBhome.com
kb homes falcon ridge
CITY: Adelanto PRODUCT: Single Family
PRICE RANGE: $268,990 - $306,990 HOA: N/A
HOUSE SIZE: 1,624 - 2,537 SF PRICE/SF: $121.01 - $165.58
Source: KBhome.com
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 20ACTIVE NEW HOME COMMUNITIES
legacy HOMES springfield
CITY: Victorville PRODUCT: Single Family
PRICE RANGE: $255,990 - $303,990 HOA: N/A
HOUSE SIZE: 1,834 - 2,653 SF PRICE/SF: $114.58 - $139.58
Source: Legacyhomesusa.com
watermarke homes foxfire ranch
CITY: Victorville PRODUCT: Single Family
PRICE RANGE: TBD HOA: N/A
HOUSE SIZE: 1,848 - 2,429 SF PRICE/SF: TBD
Source: watermarke-homes.com
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 21ACTIVE NEW HOME COMMUNITIES
evergreen HOMES sky haven II
CITY: Victorville PRODUCT: Single Family
PRICE RANGE: $259,990 - $364,990 HOA: N/A
HOUSE SIZE: 1,601 - 2,579 SF PRICE/SF: $141.52 - $162.39
Source: evergreenhomesca.com
Evergreen Homes cedar heights
CITY: Hesperia PRODUCT: Single Family
PRICE RANGE: $279,990 - $384,990 HOA: N/A
HOUSE SIZE: 1,727 - 2,909 SF PRICE/SF: $132.34 - 143.37
Source: evergreenhomesca.com
KURSCH GROUP Inland empire north
88 lOT ttm - adelanto, ca www.kurschgroup.com 22You can also read
