Excellent Industrial/Warehouse opportunity for Investor or owner user in Apple Valley. The property was originally built in 1987 and contains 2 free standing buildings totaling 17,600 square feet located on 3.36 acres. Property is fully fenced with a 24 hour security system, asphalt driveway, industrial zoning and a large concrete pad for trailer parking and or helipad. The frontage on Central Road has good visibility for signage and drive access to the site.
The property is Zoned Planned Industrial -IP and comprises two buildings: a 8,000 square foot steel frame warehouse building and the second building is divided into 3 separate units at 3200 square feet each. 2 grade level doors & 3 dock high doors. The property is ideally suited for shop/warehouse/distribution.
Located in East Apple Valley and close proximity and within driving distance to the Apple Valley Airport and Walmart distribution centers and within the North Apple Valley Industrial Specific Plan. The property is also located in close driving distance to where Virgin Trains USA just purchased land for Apple Valley station!
The site purchased for a proposed train station is near Dale Evans Parkway and Interstate 15. Clark County commissioners approved the plans for roughly 111 acres near the Interstate 15/215 interchange on March 4, 2020. The 2-story station there would include restaurants and retail space, along with a 7-story parking garage with over 2,600 parking spots according to Clark County documents.
Investment Highlights:
$2,800,000
Owner-User company buys or leases the property for manufacturing, warehousing and distribution operations. Plenty of room for further expansion on site.
Owner-User construction company buys or leases the property for secure storage and staging of equipment, trucks, materials and other supplies for the upcoming increase in local commercial and residential building construction.
Investor buys the property and leases it to multiple industrial tenants that need to be close by to major transportation infrastructure (air, rail and freeway). Plenty of room for further expansion on site.
In addition to the NAVISP, several significant development opportunities were approved by the Apple Valley Town Council. Bridle Path Estates and North Pointe, two residential specific plans comprising over 1,800 units, were approved in the northwest quadrant and will drive population growth, as well as infrastructure extensions and improvements into this northern section.
In anticipation of this northward growth, Apple Valley Road, a major north/south arterial, was extended northward to connect Apple Valley’s western perimeter to Interstate 15. (See Full NAVISP Plan located in documents. From I-15 N take the Stoddard Wells exit approximately 7 miles, take Johnson Rd to Central approximately 5 miles to PIQ
Located near the Apple Valley Airport and Walmart distribution center and within the North Apple Valley Industrial Specific Plan (NAVISP) which comprises 5,100 acres of industrial zoned land.
At build-out, over 30 million square feet of industrial facilities will have been developed, employing approximately 38,000 regional residents, and influencing subsidiary services, including housing and commercial markets. Also located driving distance to where Virgin Trains just purchased land for Apple Valley station!
The site of a proposed train station near Dale Evans Parkway and Interstate 15 was purchased by Virgin Trains USA and Clark County commissioners approved the plans for roughly 111 acres near the Interstate 15/215 interchange on March 4, 2020.
The proposed station will be located near the South Premium Outlets. The 2-story station there would include restaurants and retail space, along with a 7-story parking garage with over 2,600 parking spots, Clark County documents show.
North Apple Valley Specific Industrial Plan is underway but further development awaits the catalyst of virgin trains,
8 Minutes to Apple Valley Airport
54 Minutes to ONT Ontario
78 Minutes to Edwards AFB
85 Minutes to Mojave Air & Space Port
93 Minutes to BUR Burbank
101 Minutes to LAX Los Angeles
Sales volume had been growing in the Mojave River Valley since the start of 2016, but sales have slowed in 2020 as a result of the pandemic. Throughout 2019, sales of buildings suited for cannabis cultivation drove much of the investor demand and produced some of the highest priced deals. For example, a 27,500-SF warehouse in Adelanto sold for $7 million ($254/SF), whereas the market sale price is estimated at $140/SF. Similarly, the 30,000-SF condos in the HDO Industrial Park in Adelanto have recently sold for as high as $5 million ($167/SF).
Outside of these deals, the largest trades in the submarket are typically capped at under $2 million. However, one of the submarket’s largest assets traded near the end of 2019. In December, New York-based Veyron & Company acquired Dr. Pepper-Snapple’s 850,000-SF distribution building through a $323 million portfolio purchase that included sale leaseback of all of the assets involved. The building Victorville building was valued at $65.3 million ($77/SF), and the portfolio also included 52.7 acres of land in Victorville.
The average price in the submarket is $140/SF. Over the past five years, the market price has grown by 11% per year. However, the pandemic has created many job losses and businesses may not expand at the same rate as they have over the past five years.
Industrial/Warehouse Opportunity
19378 Central Road, Apple Valley, CA 92307
*Buyer to verify all income, expenses, total square feet and allowable uses of the property.
Carmen Gray Team, Powered by RE/MAX Gold and RE/MAX Gold Commercial. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty, or representation about it. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Based on information from California Regional Multiple Listing Service, Inc. and /or other sources dated at any time All data, including price per square foot, any and all additional charges/fees, all measurements and calculation of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
The information contained herein has been provided by the Owner or other sources deemed reliable. The Broker does not guarantee the accuracy of this information, so prospective tenants and buyers should carefully and independently verify the information contained herein. THIS INFORMATION IS PROVIDED TO YOU WITH THE UNDERSTANDING YOU WILL NOT DISTURB OR TALK TO THE OWNER, CUSTOMERS, EMPLOYEES WHILE VISITING THE BUSINESS
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