EXCLUSIVE OFFERING MEMORANDUM

RODEO DRIVE, VICTORVILLE, CA±15.69 TOTAL ACRES | 8 CONTIGUOUS PARCELS

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 ContactJeremy SchmidtExecutive Vice President760.983.2593JSchmidt@KurschGroup.comBRE #01310579

Corporate Office12180 Ridgecrest Road, Suite 232 Victorville, CA 92395PH. 760.983.2383 FAX 760.983.2433WWW.KURSCHGROUP.COMCorporate BRE: 01896143

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

PROPERTY SUMMARY

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ADDRESS RODEO DRIVEVICTORVILLE, CA 92392

PROPERTY OVERVIEWThe subject property provides an opportunity to deliver multifamily product in a well established residential area of Victorville, CA. The 8 contiguous parcels of vacant land offering paved street frontage, existing standard utilities and easy access to I-15 Freeway west of the site.

LOCATIONThe subject property is located on the east side of Rodeo Drive, approximately 1,800 feet north of Green Tree Blvd. This area is approx. 1 mile Due East of I-15 on/off ramps.

MUNICIPALITY City of VictorvilleCounty of San Bernardino

ZONING R-3T High Density Residential (15 du/ac)

ASSESSORS PARCEL NUMBER & ACREAGE0477-241-06 ±0.820477-241-07 ±1.000477-241-08 ±1.000477-241-11 ±1.000477-241-12 ±1.000477-241-13 ±1.000477-241-38 ±8.870477-241-39 ±1.00TOTAL ACREAGE ±15.69

STREET FRONTAGE ±825 FT

UTILITIESElectric Southern California EdisonGas Southwest Gas CompanyWater/Sewer City of Victorville

ASKING PRICE FOR SALE $599,000

PRIME LOCATION ESTABLISHED RESIDENTIAL AREA

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

AERIAL VIEW NORTH

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This image shows the many apartment complexes established in the immediate vicinity of the subject site as well as the latest project, an ±11,000 SF Complex, was completed in late 2017 by the County of San Bernardino.

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

AERIAL VIEW NORTHWEST

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The northwest aerial shows the site in the immediate proximity of well established multi-family developments and Green Tree Golf Course. I-15 Freeway is west of the site, approx. 1 mile.

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

AERIAL VIEW WEST

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The west aerial view shows the subject site in proximity to Rodeo Drive which leads to Green Tree Blvd, an arterial leading to I-15 Freeway. The site is nestled into established multi-family development.

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

PLAT MAP

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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.

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

SEWER MAP

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15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

CITY OVERVIEW

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VICTORVILLE COUNTY: SAN BERNARDINO TOTAL AREA: ±73.74 SQUARE MILESINCORPORATED: SEPTEMBER 21, 1962MAYOR: GLORIA GARCIAWEBSITE: WWW.VICTORVILLECA.GOV

2016 POPULATION 124,729 AVERAGE ANNUAL GROWTH (1990-2016): 5.62%

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

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

REGIONAL 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.

INFRASTRUCTURE

More than $1.8 Billion in infrastructure projects have been completed and are planned for the region, due to the High Desert’s 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.

15.69 TOTAL ACRES | RODEO DRIVE, VICTORVILLE, CA

REGIONAL OVERVIEW

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Big Lots Distribution Center closed on a land deal, December 2017, in the Town of Apple Valley to develop a brand new ±1.4 million Sq. Ft. facility. Grading and development is already in full swing. The project is estimated to bring up to 500 new jobs to the region.

The North Apple Valley Industrial Specific Plan is already home to Walmart’s ±1.3 million Sq. Ft. distribution center, Fresenius Medical Manufacturer and Atlas Vans. Easy, nearby access to Interstate 15, abundant vacant land and a welcoming pro-development city makes this area a logical choice for future logistics & manufacturing development.