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12060 5th Ave. , Hesperia, CA 92345

Offered At: $699,000

FOR SALE

0 . 7 0 A C R E S O N B E A RV A L L E Y R D .

9471 Haven Avenue, Suite 110 | Rancho Cucamonga, CA 91730T 909.230.4500 | C [email protected] #02047355

Investment Sales & Land SpecialistCHRIS LINDHOLM

9471 Haven Avenue, Suite 110 | Rancho Cucamonga, CA 91730T 909.230.4500 | C [email protected] #01869089

Business & Commercial Real Estate SalesVICTOR BUENDIA

BROKER CO-OPERATIONBROKER CO-OPERATION

Progressive Real Estate Partners recognizes the importance of other brokers in the industrythat actively represent prospective buyers. It is our policy to cooperate with such brokers. It isour policy to not cooperate with buyers/principals that are also licensed brokers.

Co-operating brokers should contact us directly for fee information.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENTINVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents andreports and consulting appropriate independent professionals. Progressive Real Estate Partnersmakes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. Progressive Real Estate Partners does not serve as afinancial advisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents and/or projected rentsthat may be provided to a party do not necessarily mean that rents can be established at orincreased to that level. Parties must evaluate any applicable contractual and governmentallimitations as well as market conditions, vacancy factors and other issues in order to determinerents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition ofthe property and whether the property complies with applicable governmental requirementsshould be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by ProgressiveReal Estate Partners in compliance with all applicable fair housing and equal opportunity laws.

Neither Progressive Real Estate Partners its directors, officers, agents, advisors, or affiliatesmakes any representation or warranty, express or implied, as to accuracy or completeness of theany materials or information provided, derived, or received. Materials and information fromany source, whether written or verbal, that may be furnished for review are not a substitute fora party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. Progressive Real Estate Partners will not investigate or verify anysuch matters or conduct due diligence for a party unless otherwise agreed in writing.

The information provided in this Offering Memorandum is confidential and can only beshared with those advisors that a buyer needs to share such information with in order to makean informed buying decision. All parties receiving this information shall not utilize thisinformation to the detriment of the seller including, but not limited to, utilizing thisinformation to solicit the seller’s tenants for relocation to another property or contacting thetenants in any way relative to this property without the seller’s prior written approval.

Confidentiality & DisclaimerConfidentiality & Disclaimer

229471 Haven Avenue Suite 110 • Rancho Cucamonga, CA 91730 • 909.230.4500 • www.progressiverep.com

PRESENTED BYPRESENTED BY

PROPERTY HIGHLIGHTSPROPERTY HIGHLIGHTS

• Located on a hard corner, signalized intersection on Bear Valley Rd withover 50,000 CPD

• Conveniently located across from Food 4 Less, Rite Aid and 24 Hr FitnessAnchored Shopping Center

• Ideal for a car wash, gas & fast food. Site previously received a C.U.P for acar wash

• Currently improved with 6 residential units creating built-in income duringthe redevelopment process ( Contact broker for additional information)

OFFERING SUMMARYOFFERING SUMMARY

Sale Price: $699,000

Total Land Area: 0.7 Acres

Price/SF: $22.95

Zoning: C2-General Commercial


INVESTMENT SUMMARYINVESTMENT SUMMARY | 0.70 Acres on Bear Valley Rd.


LOCATION MAPSLOCATION MAPS | 0.70 Acres on Bear Valley Rd.

VISIT INTERACTIVE MAPVISIT INTERACTIVE MAP

https://buildout.com/website/407507-sale?tab=map


RETAILER MAPRETAILER MAP | 0.70 Acres on Bear Valley Rd.


SITE PLAN & RENDERINGSITE PLAN & RENDERING | 0.70 Acres on Bear Valley Rd.


HESPERIAHESPERIAHesperia is located in Southern California's Inland Empire which is comprised of San Bernardino & Riverside Counties. Hesperia is located in San

Bernardino County, the nation's largest county by land mass and one of the fastest growing regions of the United States. It 's location at the top of the

Cajon Pass puts it in close proximity to the major employment centers of Ontario, San Bernardino & Riverside.

Hesperia is a pro-business, pro-growth community that is constantly striving to take advantage of its strategic location. It is the closest city to the major

employment centers, while sti l l providing a family oriented location with affordable housing, shopping, open space, clean air, and plenty of outdoor

activit ies. I is 1/3rd of the way to Las Vegas from Los Angeles & Orange Counties, less than 1 hour from Big Bear & Lake Arrowhead, and just a short drive

to the San Bernardino Mountains. During the past decade over 700,000 SF of retai l has been constructed including national businesses such as Target,

Super Walmart, Aldi , & Marriot. Many restaurants have recently opened new locations including The Habit Burger, Panda Express, Starbucks, Pieology,

Yogurtland, Golden Corral and many more.

The City's population has grown substantial ly over the past few decades including a 44% growth rate from 2000 to 2010 result ing in a City with almost

100,000 residents, but a much larger trade area due to the signif icant population surrounding the city in Victorvi l le, and unincorporated communities such

as Oak Hil ls & Phelan.

The largest employers in the region include the Southern California Logistics Airport, Victor Valley College, Walmart Distribution Center, CEMEX, General

Atomics, County of San Bernardino, Fiber Care Baths, Federal Correctional Institution, Desert Valley Hospital .

The presence of undeveloped industrial , residential and commercial land in the closest proximity to where areas are becoming built out, combined with a

proactive government, bodes well for the future growth of the city.

CITY OF HESPERIACITY OF HESPERIA


POPULATIONPOPULATION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 6,902 63,462 162,441Median age 29.7 30.3 30.0Median age (Male) 31.5 29.6 29.0Median age (Female) 29.6 31.5 31.4

HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total households 2,074 19,425 48,821# of persons per HH 3.3 3.3 3.3Average HH income $54,109 $55,526 $57,977Average house value $247,073 $243,622 $259,095

ETHNICITY (%)ETHNICITY (%) 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Hispanic 46.9% 45.5% 44.9%

RACE (%)RACE (%)

White 68.1% 70.0% 70.9%Black 10.1% 10.1% 10.0%Asian 2.8% 2.7% 2.8%Hawaiian 0.0% 0.0% 0.1%American Indian 0.6% 0.8% 1.0%Other 12.5% 12.2% 11.4%* Demographic data derived from 2010 US Census

DEMO MAP & DATADEMO MAP & DATA | 0.70 Acres on Bear Valley Rd.

for sale - loopnet · business & commercial real estate sales victor buendia broker...

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