US HWY 395 & MOJAVE DR | VICTORVILLE, CA
116 ACRE DEVELOPMENT OPPORTUNITY
LOCATION & ACCESS
Highly Desirable Inland Empire location on HWY 395 and 4.3 Miles to Interstate 15 off a Major Arterial, Mojave Drive.
RARE BIG BOX OPPORTUNITY
Offers Developers Opportunity to Take Advantage of the Lack of Available Big Box Industrial Development.
SPEEDY DEVELOPMENT
All utilities are on site, infrastructure is in place, and the city welcomes large developments.
Directly on Hwy 395 and 4.3 mi to Interstate 15 via Mojave Dr., which is one of only 5 Major Arterials in the City of Victorville.
DEVELOP OVER 2.4MSF OF INDUSTRIAL IN THE INLAND EMPIRE
The 116 ACRE site offers investors speed to market and the ability to acquire an opportunity to capitalize on positive market conditions in the highly desirable Inland Empire (“IE”) industrial market, one of the strongest industrial markets in the United States. The IE market has high barriers to entry, given the lack of available developable land and difficulty to obtain entitlements.
OPPORTUNITY HIGHLIGHTS
» ±2.4MSF of industrial located in the highly sought after Inland Empire Industrial market
» Virtually all Inland Empire development occurring over the past 2 years has consisted of “Big Box” for lease product, and the steadily increasing demand from users
INVESTMENT HIGHLIGHTS
116 Acre Industrial Site at HWY 395 & Mojave Dr. Victorville, CA
SUPERIOR AND STRATEGIC LOCATION
Located in the most sought after industrial market in the Nation, this site is located 4.3 miles to I-15, 31 miles to I-40 and 40 miles to I-10. It is 90 miles to the Ports of Los Angeles and Long Beach and in close proximity to four major airports: Los Angeles International, Ontario International, San Bernardino International and within minutes to the Southern California Logistics Airport.
STRONG MARKET DYNAMICS
The Inland Empire has low vacancy rates, positive net absorption and continued strong gross activity.
LACK OF LARGE LAND SITES FOR BIG BOX INDUSTRIAL
Dwindling availability of industrial zoned land that would accommodate Big Box industrial buildings.
WORLD CLASS TENANTS
A few well known surrounding tenants include: Newell Rubbermaid, Mars, Tesla, UPS, Dr Pepper Snapple, and United Furniture.
DEVELOPMENT FRIENDLY
Victorville is business friendly city, welcomes development, & has a separate Air Quality Management Control Board than other IE cities, has US Customs Port of Entry at SCLA Foreign Trade Zone without being subject to fees and taxes normally associated with the custom laws of the US.
RARE BIG BOX INDUSTRIAL OPPORTUNITY
The Path of Progress Leads to HWY 395 & Mojave Drive
DWINDLING AVAILABLE INDUSTRIAL LAND FOR “BIG BOX” INDUSTRIAL BUILDINGS
» Lack of industrial zoned land sites especially those for “Big Box” demand are becoming increasingly harder to find.
» Dwindling supply of available land in the Inland Empire West is driving tenant demand up the I-15, creating a path of progress to Victorville.
» Increased activism by special interest groups is further dampening supply of developable land and increasing costs.
» SB330 decreased the opportunities for available land not zoned correctly and finding replacement land for trade. While AB 98 changed setbacks, building designs, buffer zones, truck routes, zoning restrictions and housing replacement.
STRONG MARKET DYNAMICS
» The Inland Empire market fundamentals remain strong with low vacancy rates, continued positive net absorption, increased gross absorption and dwindling construction starts.
» The Inland Empire continues to be one of the strongest industrial market in the nation, it reached 45MSF gross absorption in 2024.
» Desirable market conditions are demonstrated by the 30+ users in the Inland Empire that have requirements totaling over 18.6 million SF., Class A development continues to attract Fortune 500 companies. E-Commerce propels positive market growth and growing activity.
» Corporate tenants such as Newell Rubbermaid, Mars, Tesla, UPS, Walmart, Dr Pepper Snapple, Goodyear, Iron Mountain, Church & Dwight, MGA Entertainment, XPO, United Furniture, Modway Furniture and Amazon, fuel the area’s growth.
» Victorville offers an ideal business environment with lower wages, abundance of affordable housing and large demographic of warehouse and distributor workers, making Victorville a strategic Inland Empire location.
STRATEGIC LOCATION & PREMIUM ACCESS
» The Inland Empire market is one of the most robust industrial markets in the U.S. with steady tenant demand and excellent market fundamentals.
» The Site is located within close proximity to freeways, airports (SCLA, Los Angeles, Ontario & San Bernardino International Airports), and excellent access to the Ports of Los Angeles and Long Beach.
» Given the strong regional transportation links and proximity to such a large population base, many e-commerce companies are moving to the Inland Empire or expanding their current footprint.
PREMIER ACCESS
The premier location to access transportation routes to all major regional markets and beyond.
4.3 MILES TO INTERSTATE 15
30 MINUTES TO I-10 & I-40
90 MILES TO THE PORTS (LONG BEACH & SAN PEDRO)
1 DAY TRUCK DRIVE EXTENDS BEYOND REGIONAL MARKETS
LA, SAN DIEGO, & LAS VEGAS – ALL LESS THAN 3 HOURS AWAY
INFRASTRUCTURE TO MOVE
HWY 395 & Mojave Dr. Victorville, CA
On HWY 395 with I-15 Direct Access
The property is on Hwy 395 and Mojave Dr. with direct connectivity to Interstate 15 (4.3 mi), ultimately connecting to Interstate 40 and Interstate 10, the largest movement of goods in the US than any other interstate.
Hwy 395 was recently widened to four lanes to accommodate more traffic from Route 18 to Chamberlain Way. A left turn lane was added to access Mojave Drive and medians for safety.
A FAST GROWTH REGION
A premier region for ongoing development and growth.
WORLD-CLASS TENANTS
Corporate Tenants to the North of HWY 395 & Mojave Drive
Fueling Growth
Corporate tenants include Amazon, Walmart, Mars, Newell Rubbermaid, Dr Pepper, Exel Logistics, FedEx, Red Bull, Verizon, Target, United Furnitures, Boeing, Goodyear Tire, ConAgra Foods, Nutro Products, General Atomics, General Electric, Sparkletts, Million Air, Pacific Aerospace, International Aerospace Coatings, Palstipak Packaging, Viviant Solar, and Church & Dwight.
REGIONAL DEVELOPMENT
Development to the South of HWY 395 & Mojave Drive Victorville (Towards the I-15 Interchange)
Development Friendly
Victorville is business friendly city and welcomes development. They have a can do attitude. The city has a separate Air Quality Management Control Board than other IE cities, has US Customs Port of Entry at SCLA Foreign Trade Zone without being subject to fees and taxes normally associated with the custom laws of the US.
PROPERTY DESCRIPTION
North East Corner HWY 395 & Mojave Dr. Victorville, CA
SITE
The Site is located in Southern California in the highly desirable Inland Empire market. Located in the Inland Empire North (“IEN”) submarket in the City of Victorville, a business-friendly city, situated at the Northeast
Corner of US Highway 395 and Mojave Road. The site is situated with direct access to the I-15.
LOCATION
The ±116 acre site is a flat industrial and commercially zoned site that has utilities located at the site. Water is located on the east side of Hwy 395 and along Mojave Dr. Sewer is located on the south side of Mojave Dr and
on the west side of Hwy 395. Southern California Edison has overhead power that runs through a portion of the property. Gas is located along Hwy 395. The proposed site plan will benefit from the infrastructure.
INFRASTRUCTURE & UTILITIES
North East Corner HWY 395 & Mojave Dr. Victorville, CA
Utilities On Site
All utilities are on-site, including water, sewer, & power.
According to SCE over 2 Megawatts of capacity are available at or near the intersection of Cactus and US 395, with the site able to accommodate 4,000 amp power to be immediately delivered to a speculative building. SCE recommends developers process an “Advanced Engineering Study” though SCE to determine future maximum capacity and timing.
Easy Access Stub Ups
All utilities are on-site, including water, sewer, & power.
According to SCE over 2 Megawatts of capacity are available at or near the intersection of Cactus and US 395, with the site able to accommodate 4,000 amp power to be immediately delivered to a speculative building. SCE recommends developers process an “Advanced Engineering Study” though SCE to determine future maximum capacity and timing.
Proposed Site Plan A
2.4 MSF WAREHOUSE & 7 ACRE COMMERICAL PARK
VICTORVILLE
VICTORVILLE INDUSTRIAL MARKET
The Inland Empire North (“IEN”) is located just north of the San Gabriel, San Bernardino and Little San Bernardino Mountains and is comprised of the cities of Adelanto, Apple Valley, Barstow, Hesperia, and Victorville. The IEN is located in San Bernardino County and is approximately 90 miles northeast of the Ports of Los Angeles and Long Beach. The region is currently home to more than 460,000 people and many successful businesses. However, over 60,000 people drive down the hill for work each day. It is estimated that about 35,000 of those are engaged in the warehouse and distribution industry. Most of them would rather work close to home, so there is pent up workforce supply in the immediate region. The region is accessible via Interstates 15 and 40 (carries 2/3rds of the amount of goods moving West to East across the country) that links it to the rest of Southern California and connecting the east and north. The region has Global Access with the 8,500 acres multi-modal freight transportation hub supported by air, ground and rail connections and the Southern California Logistics Airport (“SCLA”).
STRONG MARKET DYNAMICS
» IEN is comprised of 289 industrial buildings and 23.6 MSF of industrial space and the overall IEN market has a vacancy rate of 14.38%, while Class A product has a 0% vacancy and availability.
» The IEN average lease rate of $0.93 has remained steady the last year, however, it increased 24%
from 2022.
» The IEN has an excellent infrastructure system for companies and their distribution centers. Serviced by Interstates 15 and 40, US-395 and SR-18 between Los Angeles and Las Vegas, just 40 miles from I-10, other nearby main routes include Interstates 210 and 215 and State Routes 60 and 91.
» Corporate tenants such as Amazon, Walmart, Mars, Newell Rubbermaid, Dr Pepper, Exel Logistics, FedEx, Red Bull, Verizon, Target, United Furnitures, Boeing, Goodyear Tire, ConAgra Foods, Nutro Products, General Atomics, General Electric, Sparkletts, Million Air, Pacific Aerospace, International Aerospace Coatings, Palstipak Packaging, Viviant Solar, and Church & Dwight, call this region home
REGIONAL INDUSTRIAL MARKET
FUNDAMENTALLY STRONG INDUSTRIAL MARKET – 4Q 2024
DEMOGRAPHICS
INLAND EMPIRE NORTH DEMOGRAPHICS
Inland Empire Growth
The Inland Empire
The Inland Empire (“IE”) is comprised of San Bernardino and Riverside Counties and is located approximately 60 miles east of the Ports of Los Angeles and Long Beach. The Riverside-San Bernardino Metropolitan Statistical Area (“MSA”) is California’s 3rd and the nation’s 13th most populous region. The region is currently home to more than 4.6 million people and many successful businesses. Over the last decade, the IE economy has ranked as one of the leading economies in the nation for population growth, job creation, construction and real estate. The IE is poised for continued growth due to the affordable land, excellent quality of life and lower housing prices compared to the rest of Southern California, coupled with multiple efficient transportation corridors.
Inland Empire Industrial
The Inland Empire (“IE”) is adjacent to Orange and Los Angeles Counties and north of San Diego County and the IE is comprised of over 6,500 industrial buildings totaling over 685 MSF of inventory. With steady tenant demand and excellent market fundamentals, the Inland Empire is one of the leading industrial markets in the nation. It has had a historically low vacancy rate, positive net absorption and because of its desirable market conditions and Class A developments it continues to attract Fortune 500 companies. Activity continues to remain strong with over 45 MSF gross activity in 2024 and 30+ users that have requirements totaling over 18.6 MSF (100,000 SF & Greater)
TRANSPORTATION
» The Inland Empire has an excellent infrastructure system for many Fortune 500 companies and their distribution centers. It is serviced by
Interstates 10 and 15 (transcontinental highway connecting Los Angeles to the east and north respectively), 210, 215 and State Routes 60, 71, and 91.
» There are three major airports: Ontario International, San Bernardino International and Palm Springs International. The region has a cargo
dedicated facility, the Southern California Logistics Airport in the high desert, along with 33 smaller airports.
» There are two rail lines (BSNF and Union Pacific) that serve the region and boast one of the largest and most modern intermodal facilities in the nation. Amtrak provides passenger rail service and Metrolink connects the area to Orange and Los Angeles Counties. Local transit agencies run bus service throughout the area.