LIGHT MANUFACTURING LAND
Stefan Misiraca
Commercial / Development Broker BRE# 01381792 T 619.592.2655 smisiraca@sovessa.com 9528 Miramar Rd, #1007 San Diego, CA 92126 | Sovessa.comAn opportunity to acquire 38.21 Acres of (LM) Light Manufacturing zoned land in the heart of Adelanto’s industrial
area. This prime development site can accommodate over 900,000 SF of buildings located of just south of the Southern
LIGHT MANUFACTURING LAND
STRATEGIC LOCATION - IN THE PATH OF DEVELOPMENT
AIR EXPRESSWAY PHANTOM WEST EMERALD ROAD RANCHO ROAD AIR EXPRESSWAY
SITE
ADELANTO ROADLIGHT MANUFACTURING LAND
Stefan Misiraca
Commercial / Development Broker BRE# 01381792 T 619.592.2655 smisiraca@sovessa.com 9528 Miramar Rd, #1007 San Diego, CA 92126 | Sovessa.comSubject site is located directly south of the Southern California Logistics Airport (SCLA), which is offers a variety of warehouse and distribu-tion facilities, ranging from 3,500 square feet to over 1 million square feet. The 2,500-acre industrial complex is entitled for 60 million square feet of diverse development. To date, roughly 3 million square feet has been developed at SCLA and over 3,000 jobs have been created in the region. SCLA is a part of the Global Access master plan and the city of Victorville’s public/private partnership with Stirling Capital and Prologis. Major tenants include Fed EX, Boeing, Dr Pepper Snapple Group, Goodyear Tire, Newell Rubbermaid, Plastipack, Red Bull and Mars Inc. SCLA
features a proposed rail connection, international air cargo facilities and hangars, corporate office campuses, biomedical and technology cen -ters, aviation maintenance facilities, an executive jet travel/business center and recreational amenities.
A proposed 8,500-acre multimodal freight transportation hub is supported by extensive air, ground and rail connections. It includes a 2,500-acre cargo and aviation facility; the Southern California Logistics Centre, a 2,500-2,500-acre commercial and industrial complex entitled for 60 mil-lion square feet of development; and the proposed Southern California Rail Complex, which will be a 3,500-acre intermodal complex featuring rail-served facilities.
LIGHT MANUFACTURING LAND
PRICED BELOW COMPARABLE LAND SALES
Below are 3 recent land purchases in the High Desert Industrial Sub Market that are
comparable
to
the 38 acre subject site.
1. Copart Inc - Purchased 40 acres of raw industrial land for $3.44/psft on November 2019. The site is located 3
miles to the west on the SWC of Pansy & Aster Rd in the city of Adelanto and had similar infrastructure requir- ments to the subject site.
2. Ecosave Land - Purchased 27 acres of commercial land for $1.75/psft on August 2018. The site is located 2
miles to the south on the corner of 395 Hwy & Mojave Rd in the city of Adelanto and is best suited for commer- cial development.
3. Covington Group - Purchased 78 acres of raw industrial land for $1.35/psft on May 2019 on Phelan Road in
LIGHT MANUFACTURING LAND
Stefan Misiraca
Commercial / Development Broker BRE# 01381792 T 619.592.2655 smisiraca@sovessa.com 9528 Miramar Rd, #1007 San Diego, CA 92126 | Sovessa.comUTILITIES IN PLACE - ENGINEERING STUDY COMPLETED
AIR EXPRESSWAY
LIGHT MANUFACTURING LAND
Adelanto
The population of Southern California is greater than 22 million; and it is increasing at approximately 200,000 per year. Over the last year the
employment growth rate for the Inland Empire was substantially higher than Texas.
Most of this population and population growth has historically been within the Los Angeles Basin. Land for Single Family development in the Los Angeles Basin is becoming scarce and very expensive.
Within the next decade, the High Desert, which includes Apple Valley, Victorville, Adelanto, Hesperia and Palmdale, is expected to provide much of the affordable land for Single Family development in Southern California.
S
UBSTANTIAL POPULATION GROWTH EXPECTED
LIGHT MANUFACTURING LAND
Stefan Misiraca
Commercial / Development Broker BRE# 01381792 T 619.592.2655 smisiraca@sovessa.com 9528 Miramar Rd, #1007 San Diego, CA 92126 | Sovessa.comAPN # LAND SIZE ZONING TOPOGRAPHY MUNICIPALITY VISIBILITY UTILITIES FEATURES PRICE 3128-291–02
One Parcel Consisting of ±38.21 Acres LM - Light Manufacturing - Cannabis Over-lay zone
Flat Desert Sprawl City of Adelanto
Located on Rancho Road east of Northwest Pipe
On Site - ALTEC Engineering report avail-able upon request
Lot Size- ±1,340 ft x 1,270 ft $2,900,000.00 or $1.75/psft
PROPERTY INFORMATION
CALTRANS - The construction of the proposed E-220 interchange to the north of the site on Air Expressway will result in Emerald road providing access from Rancho road to Air Expressway. Rancho road is the primary east-west street that gives access to 4 industrial parks that have over 3 Million SF of buildings and a day time employment of over 3,000 people.
DEVELOPMENT AGREEMENT - The site benefits from an road im -provement agreement from Aries Solar Holding LLC. The 200 acre solar project directly to the East of the site will fully improve Emerald Road approximately 1,270 ft to a 2 lane curb and gutter roadway simi-lar to Rancho Road. Development Agreement available upon request.