Prime Highway 18 Frontage

FILE #7778-3 (7776-3)

LOCATION, LOCATION, LOCATION IN LANCASTER, CA.

PRIME 7.38-ACRE INDUSTRIALLY ZONED LAND PARCEL. SITUATED INSIDE LANCASTER'S FOX FIELD INDUSTRIAL

CORRIDOR

Description: Prime 7.38-acre industrially zoned land parcel in the Fox Field Industrial Corridor, which is located approximately one parcel away from the intersection of Ave F. and 60th Street. This property is in the city limits of Lancaster, California. The Fox Field Industrial Corridor is an approximate 9,000 acre master planned industrial area that is currently home to a major distribution center for Rite Aid drug stores, Michael's Arts and Craft Supplies and SYGMA Foods with the new National Guard Armory and the new Antelope Valley Fairgrounds also located nearby. It is also home to the Fox Field Airport. In November 2013, the Los Angeles County Economic Development Corporation (LAEDC) recognized the City of Lancaster as the “Most Business-Friendly City” in Los Angeles County. The Eddy Award is the equivalent of an Oscars for the most pro-business city. With nearly $544 billion in annual output, Los Angeles County ranks among the world’s largest economies. Its GDP is larger than Switzerland, Sweden, even Saudi Arabia. The County’s population of nearly 10 million would make it the 9th largest state in the U.S. and Lancaster is the most pro-business city in the county! According to the Greater Antelope Valley Association of Realtors website, GAVAR, the entire Greater Antelope Valley area has a total population of 507,220. In 2012, the city of Lancaster had a total population of 157,826, and has consistently been ranked in the top 25 “Fastest Growing Cities in America.” This 7.38-acre land parcel is located in recorded Parcel Map 19621. Buyer should conduct his own independent investigation of Lancaster Ordinance 1019 that was adopted on 2-14-17 for medical cannabis cultivation. Buyer should contact the City of Lancaster regarding this Property’s eligibility for medical marijuana cultivation.

Zoning: SP 95-02: This SP 95-02 zoning is in the Fox Field Industrial Corridor and this zoning permits office, research and development, light industrial, manufacturing, support commercial, public/institutional, fairgrounds, and golf courses, subject to the requirement and development approval of the city of Lancaster.

Price and Terms: $649,000. After a 34% down payment, the balance can be financed over 20 years at 7.5% interest.

No warranties or representations are made whatsoever as to the investment merit or profit potential, the current and future market value, the current and future zoning, the resale potential, and/or the potential for future use or development of all or any portion of any land parcel. As a condition of purchasing any property, prospective buyers are required to rely solely upon their own independent analysis, investigation and due diligence before entering into an agreement to purchase any land parcel. Furthermore, in purchasing any land parcel, prospective buyers shall not rely on the information contained herein, or provided by the Seller and/or Seller's Agent. Professional Land Corporation is the exclusive agent that represents only the Seller, and is affiliated with the Seller through common ownership. Past performance is not a guarantee of future results. The information contained herein is believed to come from reliable sources, but is not guaranteed. Any property offered for sale herein is subject to prior sale, price change or withdrawal from the market without notice. This document is for internal use only, and not intended for public distribution.