PRIME LOTS PALMDALE, CA OFFERING MEMORANDUM ACRES MULTI-USE LAND PALMDALE,CA x3571 braunworldbid.com

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1 PRIME LOTS PALMDALE, CA OFFERING MEMORANDUM ACRES MULTI-USE LAND PALMDALE,CA

2 section 1 section 2 section 3 section 4 PRIME LOTS ACRES MULT-USE LAND PALMDALE,CA Demographics Commercial Rent Roll Information IN CONJUNCTION WITH NATE PIVAROFF 1230 Rosecrans Ave. Suite 160 Manhattan Beach, CA fax Los Angeles San Francisco New York Chicago Cleveland Miami BRE # BOND #

3 INFORMATION Property Description PRIME LOTS ACRES MULT-USE LAND PALMDALE,CA The Propoerty This prime lot fronts Avenue P-8 (aka Technology Drive) which is paved, curbs, gutters, sidewalks and streetlights This parcel is visible just to the East of the 14 Freeway and the Palmdale Auto Mall Located within the Palmdale Trade and Commerce Center, the MX-A Zoning covers mixed use - commercial & light industrial with restrictions The Bond Assessment has been paid in full Seller is currently working with the City of Palmdale on entitlements and possible development opportunities. All utilities in street (Buyer to Verify.) MLS # Demographics Information Commercial Rent Roll PAGE 3

4 STRATEGIC LOCATION TO LOS ANGELES The property is located a little over an hour from Los Angeles, California, the most populous city in the state of California and the 2nd most populous city in the United States. Its proximity to the thriving metropolis with a focal point of over 13 million people places it in a thriving network of business, commerce, and industry. The Property TWIN CITY NETWORK WITH LANCASTER, CA The property is minutes from Lancaster, California, a charter city in northern Los Angeles County in the Antelope Valley of western Mojave in Southern California. Lancaster is the 30th largest city in California. It is also the twin city of Palmdale and together they make up the principal cities within the Antelope Valley region. Demographic growth for Lancaster is predicted at 32% by the year PAGE 4

5 ACRES WEST PALMDALE FREEWAY VISIBILITY This prime lot fronts Avenue P-8 (aka Technology Drive) which is paved, curbs, gutters, sidewalks and streetlights. This parcel is visible just to the East of the 14 Freeway and the Palmdale Auto Mall. Located within the Palmdale Trade and Commerce Center, the MX-A Zoning covers mixed use - commercial & light industrial with restrictions. The Bond Assessment has been paid in full. Seller is currently working with the City of Palmdale on entitlements and possible development opportunities. All utilities in street (Buyer to Verify.) MLS # The Property DIRECTIONS FROM LOS ANGELES: 14 Frwy North. Exit Palmdale Blvd. And turn Left at light, Right/North on 5th Street West. Go to Technology Drive and turn Right/East just past the Auto Mall. Property on the Right (Coldwell Banker sign.) FROM LANCASTER: 10th Street West just past Target Center. Turn Left/East on Technology Drive (at Sports Chalet.) Property on Right just past the Palmdale Auto Mall and Freeway overpass. PAGE 5

6 (Buildings in view are Palmdale Auto Mall) Corner of the property looking South across P-8. Northeast corner of the property looking South toward Palmdale Blvd. Dirt street is Division. From corner of Division and P-8 looking West towards Freeway braunworldbid.com (Buildings in x3571 view are Palmdale Auto Mall) PAGE 6 Corner of the property looking South across P-8. Looking Southwest towards Freeway and Palmdale Auto Mall. The Propoerty From corner of Division P-8 looking West towards ACRES and WEST PALMDALE Freeway. FREEWAY VISIBILITY

7 Demographics FUTURE JOB GROWTH OVER THE NEXT TEN YEARS IS PREDICTED TO BE 35.50% The Propoerty ECONOMY PALMDALE, CA UNITED STATES Recent Job Growth 2.50% 1.18% Future Job Growth 35.50% 36.10% Sales Taxes 9.00% 6.00% Income Taxes 6.00% 4.72% Income per Capita $18,695 $28,051 Household Income $54,277 $53,046 Family Median Income $54,733 $64,585 HOUSEHOLD INCOME *Sperling s Best Places 2014 PALMDALE, CA UNITED STATES Income Less Than 15K 10.77% 12.61% Income between 15K and 20K 4.76% 5.33% Income between 20K and 30K 10.42% 10.57% Income between 30K and 40K 10.39% 9.90% Income between 40K and 50K 8.91% 8.95% Income between 50K and 60K 9.31% 8.08% Income between 60K and 75K 10.39% 10.09% Income between 75K and 100K 13.75% 12.25% Income between 100K and 150K 14.32% 12.82% Income between 150K and 200K 4.36% 4.78% Income greater than 200K 2.63% 4.64% HOUSEHOLD INCOME PALMDALE, CA UNITED STATES Management, business, finance 9.58% 14.36% Engineering, computers, science 4.27% 5.24% Community, social services 1.79% 1.66% Legal 0.47% 1.17% Education, library 4.07% 6.10% Arts, design, media, sports, 1.10% 1.88% entertainment Healthcare practitioners and 4.45% 5.49% technology Healthcare support 2.54% 2.47% Firefighters, law enforcement 2.77% 2.24% Food preparation, serving 5.87% 5.61% Building maintenance 4.90% 3.97% Personal care 5.36% 3.54% Sales, office, administrative 26.01% 24.89% support Farming, fishing, forestry 0.21% 0.73% Construction, extraction, 11.41% 8.56% maintenance/repair Production, transportation, material moving 15.21% 12.10% Demographics Information Commercial Rent Roll PAGE 7

8 Commercial Rent Roll Information Commercial Rent Roll Demographics The Propoerty PAGE 8

9 Information Offers are being considered on a first-come-first-serve basis We suggest buyers conduct their due dillignce as quickly as possible. david@braunco.com Fax: Mail: BRAUN inc., 1230 Rosecrans Ave, Suite 160, Manhattan Beach CA Attention: OAKDALE, CA Industiral Building BUYER BROKER PARTICIPATION A three percent (3%) commission will be paid to any licensed agent who represents and registers a successful buyer. PROPERTY PREVIEW You may view the property at any time. OFFERING PROCESS Information Commercial Rent Roll Demographics The Propoerty PAGE 9

10 DISCLAIMER Disclaimer: BRAUN is the broker on behalf of Trigild Inc., the state court receiver. BRAUN makes no representations or warranties on approved uses of the property. This brochure is intended for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements, or information contained herein or otherwise provided. Neither BRAUN, its members, managers, officers, employees or agents, nor any of it s partners, directors, officers, employees and agents, nor seller and broker, make any representations or warrantees, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements of information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determination as to which no guarantee or assurance can be give. Without limiting the foregoing, in the event this brochure contains information relating to any hazardous materials in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. All decisions by the Court shall be final. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. PAGE 10

11 DAVID JAFFE Rosecrans Ave. Suite 160 Manhattan Beach, CA fax Los Angeles San Francisco New York Chicago Cleveland Miami IN CONJUNCTION WITH NATE PIVAROFF