Market Overview

FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
For more information contact:
Donald P. Brown, President/Broker
760.241.5211
[email protected]
Lic. ID# 01223230
Ronald J. Barbieri, Ph.D.
760.241.5211
[email protected]
Lic. ID# 00344191
Phone: 760.241.5211
●
Fax: 760.241.1208
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Industrial Building Fronting Main Street
●
Former True Value Hardware
●
High Visibility
●
Easy Access to I-15 Freeway via L Street & Main Street
●
Adjacent 6,000sf Building Available For Sale
●
14369 Park Avenue Suite 200
●
Victorville, CA 92392
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www.lee-associates.com
Table of Contents
SECTION 1 - PROPERTY OVERVIEW
SECTION 2 - MARKET OVERVIEW
SECTION 3 - LEE ADVANTAGE
SECTION 4 - LEE SUMMARY
FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
Property Overview
FOR SALE/LEASE
Property Description
2400 and 2420 West Main Street
Barstow , CA 92311
Donald P. Brown, President/Broker
760.241.5211
Property Description
±32,640 SF Commercial/ Industrial Building
Fronting Main St.
Former True Value Hardware
Situated on ±2.06 Acres
Fenced Yard & Storage Area
High Ceiling Clearance
Rear Loading Docks
High Visibility & Large Pylon Sign
Easy Access to I-15 Freeway via L Street &
Main Street
Ample Parking
84 Parking Spaces with 6 Handicap Parking
Spaces Available
Sale Price: $1,000,599
Lease Rate: $0.35 psf NNN
Adjacent ±6,000 SF Building
Available for Sale
±6,000 SF Industrial/ Warehouse
Building Fronting Main Street
Situated on ±1.61 Acres
Fenced Yard
Zoned: Light Industrial
High Visibility
Building Signage Available
Easy Access to I-15 Freeway via L Street & Main Street
Ample Parking
Adjacent ±32,460 SF Building Also
Available for Sale or Lease
Sale Price: $330,000
Property Photos
FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
Donald P. Brown, President/Broker
760.241.5211
Property Photos
Pylon Sign 2420 West Main Street
Front of Building 2420 West Main Street
Fenced Yard 2420 West Main Street
Back of Building 2420 West Main Street
6,000 SF Building 2400 West Main Street
FOR SALE/LEASE
Maps and Aerials
2400 and 2420 West Main Street
Barstow , CA 92311
Donald P. Brown, President/Broker
760.241.5211
Property Location
Locator Map
Aerial
FOR SALE/LEASE
Maps and Aerials
2400 and 2420 West Main Street
Barstow , CA 92311
Donald P. Brown, President/Broker
760.241.5211
Property Location
Area Map
Real Estate Investment Details
ANALYSIS
Analysis Date:
December 2010
PROPERTY
Property:
Property Address:
Year Built:
FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
1989
PURCHASE INFORMATION
Property Type:
Purchase Price:
Fair Market Value:
Tenants:
Total Rentable Sq. Ft.:
Resale Valuation
FINANCIAL INFORMATION
Commercial
$1,330,599
$1,330,599
1
38,640
0% (annual appreciation)
All Cash
LOANS
Debt
Term
Rate
Payment
LO Costs
All Cash
INCOME & EXPENSES
Gross Operating Income:
Monthly GOI:
Total Annual Expenses:
CONTACT INFORMATION
$0
$0
$0
Donald P. Brown, President/Broker
760.241.5211
[email protected]
Lic. ID# 01223230
Ronald J. Barbieri, Ph.D.
760.241.5211
[email protected]
Lic. ID# 00344191
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections
and analysis.
Investment Overview
Located in the beautiful Barstow area, these one of a kind
industrial/warehouse buildings front West Main Street which is a
highly traveled street with 14,000 passer-byers and locals alike per
day.
Totaling ±38,640 square feet of industrial/warehouse building
including both lots. In addition, 3 vacant residential parcels located
precisely south of 2400 and 2420 West Main Street.
2420 West Main Street has great parking with 84 parking spaces and
4 handicap. Featuring high ceiling clearance, rear loading docks and
a high pylon sign.
2400 West Main Street has a fenced yard area, with ample parking,
warehouse type facility with a roll up door and visible building
signage available.
The above mentioned parcels have easy access to and from
Interstate 15 Freeway via L Street.
FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
Market Overview
Demographic Overview ~ The City of Barstow
Barstow, California is located in the northern part of the
High Desert area of San Bernardino County. As of January
2010, the greater Barstow area (25 mile radius) had a
population of approximately 52,900, while the population
within a five mile radius of the site was 23,952. Barstow is
one of five incorporated areas that make up the High
Desert region of San Bernardino County. The other areas
are Victorville, Apple Valley, Hesperia and Adelanto.
Barstow is located approximately 30 miles north of the City
of Victorville at the junction of the I-15 and U.S. Highway
40. The I-15 freeway runs north/south connecting the Los
Angeles Basin to Las Vegas. The U.S. Highway 40 runs
east from Barstow to the casinos and entertainment
facilities at Lake Havasu and the “River.”
The total population of the High Desert was 430,775 as of
the beginning of 2010. This reflects an increase of 46%
since the census of 2000 (factoring in the US Census data
estimated for 2010). The San Bernardino and Riverside
counties have become the fastest growing region in
Southern California. The population as of January 2010
was estimated at 4.1 million. The average annual
population growth for the Inland Empire over the last eight
years was 114,495 per year.
The City of Barstow saw a 4.8% population increase during 2000-2010. This growth
reflects the increased economic activity in the High Desert as well as the expansion of
some of the major employers in the immediate area. The population of the greater
Barstow area is expected to increase due to the development of warehousing and
distribution facilities in the City of Barstow. Wal-Mart Corporation is expected to start
construction on a 400,000 square foot distribution facility that will employ 250 - 350
employees. If the industrial developments in Barstow were to add an average 250
employees each and the base employment increased by 1,000 the number of Secondary
Employment would increase by an additional 1,000 each year. However, the Secondary
Employment would be added over a three year period following the addition of base
employment.
Market Overview ~ The City of Barstow
Barstow Retail Sub-Markets
A
C
B
Barstow
Outlets
D
Market Overview ~ The City of Barstow (A)
Barstow Retail Sub-Markets
A: Old Town-Barstow - This is the redevelopment area on both East
and West Main Street that flanks both sides of Barstow Road for a half
mile in each direction. The area appeals to tenants that are rent
sensitive and are looking for short-term leases. Most of the tenants in
this area are mom and pop type operations. Exhibit A is an aerial of this
retail sub-market.
Market Overview ~ The City of Barstow (B)
Barstow Retail Sub-Markets
B: L-Street north of I-15 Freeway -This sub-market is where the new Home
Depot is located. Target was interested in the site but the owner of the fee
interest was only willing to lease the land for 25 years with two 10 year
options. The developer decided not to proceed with the development.
There is additional land on the north end of L Street where it dead ends into
West Main Street.
Market Overview ~ The City of Barstow (C)
Barstow Retail Sub-Markets
C: East Main Street -This is one of the older shopping areas of Barstow that is
being renovated as new tenants lease space in the three centers. The primary
anchors are Vons, which is renewing its lease, 99 Cents, Dollar Tree, Save a Lot,
Aaron Rents as well as national and regional fast food outlets and gas stations.
The area attracts individuals from all over the greater Barstow area. It also
benefits from people who are traveling from the Los Angeles Basin to Las Vegas
and the “River” that exit at the I-15 and the US Highway 40 at E. Main Street to gas
up, eat and get provisions and supplies for the weekend. Exhibit C is an aerial
depicting the major retail tenants in the in this sub-market.
Market Overview ~ The City of Barstow (D)
Barstow Retail Sub-Markets
Los Domingos
Restaurant
Old
Barstow
Mall
D: East Main Street near the junction of the I-15 Freeway and US Highway 40
- This retail market contains numerous fast food restaurants, gas stations and
motels. On the weekends the traffic counts on East Main Street are extremely
high. The east end of this sub-market is anchored by a Wal-Mart. Between the
two freeways is the Old Barstow Mall, that is substantially vacant and in need of a
renovation. The west end of this retail area abuts the East Main Street sub-market
described above. The aerial in Exhibit D identifies the major retail tenants and
motels in the area.
Geographic Overview
Interstate 15 Corridor
Interstate 15 (I-15) is the fourth-longest north-south transcontinental Interstate Highway in the
United States, traveling through the states of California, Nevada, Arizona, Utah, and
Montana.
Since I-15's initial construction, California, Nevada, and Utah have consistently ranked in the
fastest growing areas of the United States. As a result, the I-15 corridor has substantially
increased in population and commuter traffic has increased the traffic burden on the freeway.
Current population estimates are that more than 75 percent of Utah's population, 19 percent
of California's population, and more than 70 percent of Nevada's population live in counties
where Interstate 15 is the primary transportation corridor.
Similarly, in California, I-15 is seeing more commuter traffic due to the growth of the Mojave
Desert communities of Victorville and Barstow, California. In all of these states, I-15 has
recently been or is currently in the process of being upgraded to increase capacity.
Designated as a high priority corridor in 1995, Interstate 15 has seen significant
improvements in major metropolitan areas due to exploding population growth throughout the
west. Various construction projects along the corridor in Salt Lake City, St. George, Las
Vegas, Barstow, the Inland Empire (Riverside/San Bernardino Counties), and San Diego
have already expanded the capacity of Interstate 15. Future plans include a minimum of six
lanes from San Diego to Las Vegas, a high-speed mass transit system between Los Angeles
and Las Vegas, increased high occupancy vehicle lanes in North San Diego County, light rail
in Salt Lake City, and the Legacy Highway relief expressway in greater Salt Lake.
FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
Lee Advantage
Lee Advantage
About Lee & Associates –
Inland Empire North
The Inland Empire North office has local experience, national reach and world
class! We believe that a commercial brokerage goes beyond creating a
connection with clients and property. The goal is to build a continual client
relationship built on trust and commitment. It’s about building a community,
one property at a time.
Having world class experience has been defined over decades of client
satisfaction and has given Lee & Associates Inland Empire North, Inc. the
undoubted confirmation that our agents are industry leading commercial real
estate professionals who work to ensure that your commercial real estate
necessities are met.
Our office is comprised of 9 agents and 3 staff servicing the High Desert;
Victorville, Hesperia, Apple Valley, Barstow, Phelan, Palmdale, and Lucerne
Valley. Through informed and effective decisions our clients enjoy a myriad of
specialized commercial real estate services including:
Industrial, Office and Retail Property Sales and Leasing
Real Estate Investment Consulting
Real Estate Financing
Property Acquisition and Disposition
Tenant Representation and Relocation
Property and Portfolio Evaluation
Property Management
Asset Management
Market Research
Water Rights & Mitigation
We have a vested interest in your complete satisfaction and look forward to
working with you.
The Lee Advantage
Bought X Sold X Leased X Financed X Developed X Occupied
That’s how we define getting the job done. It’s what our clients expect, and it’s what we do. Quickly, professionally, and
effectively. Every day. From the start of an assignment to its completion, a broad range of specialized services are
delivered by responsive, energetic, knowledgeable agents.
Professionalism and Results
They are the foundation upon which our business relationships are built. Our business is to
make sure that your commercial real estate requirements are met squarely – and that decisions
are informed and effective. With Lee & Associates agents at your side, you will have the benefit
of their experience and extraordinary knowledge. Their counsel, assistance and depth of local
market knowledge can be critical elements in achieving the results you want. From fully staffed
offices in 42 key markets, we also represent a broad range of regional, national and
international clients: corporations, institutions, investors, and individual businesses.
Market Knowledge
Market knowledge is the foundation of Lee & Associates’ success. No other commercial real
estate company has made market knowledge and research as central to its business and its
ability to serve its clients. Recognizing that market knowledge is critical to success, each Lee &
Associates agent is sharply focused on: regional and local business trends; local real estate
trends and statistics; relevant local market transactions; opportunities to buy, sell, lease, invest
or develop. Armed with remarkably in-depth current market information and data, your Lee &
Associates agent is able to develop the plans needed to make sure your assignments are
completed successfully.
The Lee Advantage
When you use a Lee & Associates broker, you also engage the services of our researchers,
data banks, and marketing staff. Your requirement becomes our company’s job. It makes
good business sense to use a specialist who knows the market.
Fast Client Results. As a company owners, Lee Principals have a vested interest in the
swift, successful completion of client assignments and transactions. Our associate brokers
continually strive to earn ownership standing, encouraging a coordinated team effort and fast
and effective results for clients.
Streamlined Personal Service. Each Lee group office is owned and operated by the
brokers in that office. Clients deal directly with decision makers, not with an unwieldy
corporate bureaucracy as is true of many of our competitors.
Experience Counts. The average number of years of experience of Lee’s principal
commercial brokers is 15-20 years. Our unique profit-sharing structure attracts the best
people as owner brokers: only those with exceptional skills, confidence and ethical practice.
Long-Term Relationships. Lee & Associates Inland Empire North, Inc. boasts the lowest
turnover rate in the industry. Our ownership structure encourages longevity, allowing for
long-term relationships with clients.
In-Depth Market Knowledge. Each Lee group office is committed to providing the best data
and analysis for the market it serves. No other commercial real estate company has made
specialized market knowledge and research as central to its business practice.
Business Stability. Each Lee & Associates group office is profitable, privately held and
managed by its individual shareholders. Newly formed offices are stable, debt-free
operations, with all startup capital funded by shareholders of all offices through Lee’s venture
capital group.
Strong National Affiliations. Lee & Associates maintains affiliations with recognized
brokers in all major real estate markets. Lee’s national organization affiliations include:
NAIOP, ICSC, AIR, and IREM.
Marketing Strategy
STRATEGY
Lee & Associates provides a proven team in a growing and motivated company. Our
strategy is simple. We understand the market and are constantly prospecting to find
tenants for our clients.
MOTIVATION
The Lee & Associates model is unique among major commercial real estate firms. Lee &
Associates Inland Empire North, Inc. is a broker owned and managed firm. Our model
creates a cooperative rather than a competitive environment. This is true between the
members of the Inland Empire North’s office as well as creating a cooperative environment
between the individual offices.
In addition, the principals of the Inland Empire North’s office are highly motivated for
success individually as well as for our clients. Our client are assured that our early
success on their behalf will be critical for our perception of success in the market.
SIGNAGE
Lee & Associates will install standard signs at the property as appropriate.
BROCHURE
Lee & Associates will prepare, print and distribute standard brochures for the properties.
The brochure will have a property photo, information about the property, pricing, divisibility,
parking, and expandability, loading and building systems. Production time for the brochure
is approximately three (3) business days from your approval of the mock-up.
Marketing Strategy
E-BLAST
Lee & Associates will e-blast the listing brochure every month to the region’s commercial
brokerage community. The broadcast e-mail is of tremendous value in keeping the
property fresh in the minds of brokers who are working on behalf of clients who may have
property needs, which match your offering. Lee & Associates will also market your
property through the Victor Valley area’s commercial realtor’s electronic leads system on a
monthly basis wherein information about your property is displayed to over 300 brokers.
Additionally, your property will be displayed on the Lee & Associates’ home web-page,
A.I.R. (American Industrial Real Estate), RE Applications, LoopNet, Property Line, EProperty Links, Kommon Area, Deal Makers, as well as the local VVMLS (Victor Valley
Multiple Listing Service).
LISTING UPDATE
Lee & Associates updates and mails the update of our listings to the Victor Valley region’s
commercial brokerage community on a monthly basis. Your property will be added to this
listing update throughout our marketing effort.
DIRECT MAILING
Lee & Associates will target potential users for your property through business directories
and data banks (Info USA,Chicago Title, etc.). We will then direct mail a brochure and
cover letter to a minimum of twenty (20) prospects per week during our marketing effort.
Each prospect will receive a follow up call within two weeks of the mailing to discuss the
features of the property and determine their interest.
Lee & Associates Inland Empire North, Inc. will be responsible for the mailing costs of all
mass mailing campaigns. We would look to building ownership for any pre-approved
additional costs incurred for broker open houses, print advertising, marketing boards, etc.
that we utilize on our clients’ behalf.
Qualifications
Donald P. Brown
President/Broker
Lic. ID# 01223230
In the highly competitive world of Commercial Real Estate, Don
Brown and Lee & Associates has established themselves as one
of the leading companies in their field. The Business Press
recently nominated Lee & Associates Inland Empire North Inc.,
as one of the top small businesses’ to work for in the Inland
Empire, as well as nominating Don for a Lifetime Achievement
Award for his Business and Civic contributions to the High Desert
Community.
Don is Founder and Broker of Lee & Associates Commercial Real Estate Services – Inland
Empire North Inc., headquartered in the Park Avenue Executive Square in the Civic Center
of Victorville. Don has been a resident of Victorville since he built his first home in Spring
Valley Lake in 1983. He began working in the High Desert in 1982 as the Vice President of
Real Estate and Development for Bonita Real Estate and Development Headquartered in
Orange, CA.
As the 19th of 41 offices, which have been established by the Lee Group of Companies,
Lee & Associates – Inland Empire North Inc. is a full service Real Estate Company that has
prospered by specializing in the Victor Valley, with outreach into the Antelope Valley,
Barstow, and Mojave. The company focuses on Retail, Industrial, Office, Leasing/Sales
and Property Management Services.
“Our distinctive market niche is that of a local Commercial Real Estate Brokerage with
national name recognition that emphasizes personal services”. “We always place our
clients’ interests ahead of our own,” states Don.
Among Don’s outstanding recent transactions was the representation of the 86,000 square
foot K-Mart store in Victorville to local appliance retailer “Midway Appliance”. The tenant
representation of “Nutro Products” in the leasing of their 150,000 square foot warehouse
located in Hesperia and has been directly responsible for the procurement of over 800
leases and the sale of over $100,000,000 of commercial real estate in his career.
Qualifications
Donald P. Brown
President/Broker
Lic. ID# 01223230
His firm also, serves as Leasing Agents and Property Managers for approximately 3 million
square feet of Retail, Office and Industrial Property and was recently listed in the top 25
commercial real estate management firms in Southern California. The combined incomes
of the three Inland Empire Offices, places Lee & Associates as one of the leading
Commercial Real Estate Brokerages in the Southern California.
Active in the Commercial Real Estate Industry, Lee & Associates – Inland Empire North
Inc. is an active member of International Council Of Shopping Centers, American Industrial
Realtors Association, National Association Of Industrial and Office Properties, Institute Of
Real Estate Management, Barstow Board of Realtors, Victor Valley Multiple Listing Service
and The Adelanto, Apple Valley, Barstow, Hesperia, and Victorville Chambers of
Commerce.
As a strong supporter of his community Don has served in various capacities for a
multitude of public and non-profit organization including the local Building/Development
Industry Association, Chairman of The City of Victorville Development Advisory Committee,
Chairman of The City of Victorville Building Appeals Board, Community Bank Advisory
Board, Happy Trails Children Foundation, Desert Communities United Way, Facilities
Advisory Committee for Victor Valley School District, High Desert Homeless Services, High
Desert Youth Center, Victor Valley College President Circle/College Advisory Board,
Chairman of the Board of the High Desert Academy of Arts and Applied Sciences, and is
the Past President of the Victor Valley Sunrise Rotary Club.
“I have always believed in giving back to the community and have tried to assist those
organizations that are trying to make a difference”, says Don. He currently has been
providing Real Estate Services at no charge for local non-profit organizations that have
limited expertise in the Commercial Real Estate field. Don was recently awarded the “Paul
A. Harris Fellow Award”, by The Victorville Rotary Club for outstanding “Service above
Self” to the community.
“There has been tremendous growth in the High Desert in the last several years. If you look
back at the Ontario area 15 years ago, you can see what the future is going to hold for our
area. The High Desert is one of the last affordable area’s left in Southern California. This
region is truly a “New Frontier” for the Real Estate and Development Community.”
Qualifications
Ronald J. Barbieri, Ph.D.
Senior Vice President/Broker
Lic. ID# 00344191
Dr. Barbieri has been involved in Real Estate and Finance for the
last 40 years. He began his career with Arthur Young & Company
(now Ernst & Young) after graduating with a Bachelor’s degree
from Stanford and an MBA from Stanford Graduate School of
Business. He became a Certified Public Accountant.
Ron was on the faculty of Cal Poly, Pomona, where, as an Associate Professor, he taught
Real Estate and Finance while getting his PhD in Real Estate and Urban Land Economics,
with concentration in Statistics for technical core products from UCLA’s Graduate School of
Management. His minor fields were in Finance and Architecture, where Ron completed the
courses and design studios required for the professional Masters Degree in Architecture.
While at Coldwell Banker (now CBRE) he spearheaded the effort to design and market the
first real estate investment fund for pension funds and insurance companies. Ron worked
directly with Smith Barney’s Corporate Finance Partners in New York. He was responsible
for all aspects of the fund’s activities including identifying real estate investment and
development opportunities, acquiring properties, and making ownership decisions required
to manage a portfolio of real estate investments. The $19 Million ($80 Million in current
dollars) invested in the private placement was used to develop over $65 Million ($300
Million in current dollars) in commercial properties. The fund earned a 20% percent annual
Internal Rate of Return for its institutional investors over a 10-year period. In addition to the
asset management fees, property management fees and real estate brokerage
commissions earned over the 10-year period, CBRE realized an incentive of 20% of the
profits above an 8% annual return on the investor’s capital contribution. Upon liquidation of
the fund, CB’s 20% share was $13 Million ($40 Million in current dollars).
Dr. Barbieri was the Partner-In-Charge of the San Diego operation of Equidon, a
commercial real estate development and construction company. Ron developed a 125-acre
office park with its 7,000 square foot glass marketing pavilion, a 283,000 square foot midrise office building, a 75,000 square foot R&D building and a 43,000 square foot biomedical
lab for a cancer research firm.
Qualifications
Ronald J. Barbieri, Ph.D.
Senior Vice President/Broker
Lic. ID# 00344191
Ron was a consultant to the North American Savings & Loan in Orange County where he
functioned as the Senior Real Estate Asset Manager, responsible for the restructuring of
the S&L’s nonperforming commercial loans in California and Anchorage, Alaska. He also
liquidated the financial institution’s commercial REO assets.
Dr. Barbieri was a partner at KPMG, one of the four international accounting and consulting
firms. He was primarily involved in the asset evaluation of large residential development
companies and commercial real estate portfolios for financial institutions. This effort was in
support of the restructuring of mortgage loans or the sale of assets during the early 1990’s.
Ron designed the computerized micro economic models used by KPMG to simulate the
residential development of large community builders. Dr. Barbieri retired from KPMG in
1996 and moved to the High Desert where he focused on investing in real estate. He was
also involved in strategic planning assignments for clients.
In 2003 Ron emerged from retirement as a “tenant rep” finding locations for 99¢ Only
Stores (99 Cents) in the Inland Empire. He joined Lee & Associates as a licensed Real
Estate Broker, where he continued to represent retail tenants. As a consultant to the
landowner he renegotiated the CC&R’s with Target and supervised the architects and
engineers to master plan the first phase of Jess Ranch Marketplace in the Town of Apple
Valley, obtained the entitlements for the land owner, and was also involved in the leasing of
the project. Dr. Barbieri has also sold commercial and industrial land in the High Desert to
various investors, developers and municipalities. His largest transaction involved the
purchase of a $20 million, 430-acre parcel by an investor/ developer in early 2007. He
continues to be involved in the sale of land, commercial buildings to users and real estate
investments. Within the last year Dr. Barbieri represented the buyer in the sale of the old
bowling alley in the City of Barstow and the purchase of a 67-unit apartment complex by
the City of Victorville.
While at Lee & Associates, Dr. Barbieri has written several research reports on the High
Desert, including, “Lee Report” published in 2004, an Economic Forecasting Report
published in March 2009 and a Demographic Report issued by Lee & Associates in May
2009. Ron is also the primary contributor to the Lee & Associates Quarterly Newsletters. In
addition, Dr. Barbieri has prepared numerous confidential macroeconomic studies for his
real estate and investor clients.
FOR SALE/LEASE
2400 and 2420 West Main Street
Barstow , CA 92311
Lee Summary
Partial List of References
DESERT COMMUNITY BANK
14800 La Paz Drive
Victorville, CA 92392
Attn: Mr. Wally Linn, Vice President
(760) 243-2140
CITY OF BARSTOW
220 East Mountain View, Suite A
Barstow, CA 92311
Attn: Mr. Richard Rowe, City Manager
(760) 255-5106
TOKAI BANK
534 E. 6th Street
Los Angeles, CA
Attn: Mr. Michal Green, Vice President
or Mr. Walter Mourajian, Vice President
(213) 972-0136
CITY OF ADELANTO
11600 Air Expressway, P.O. Box 10
Adelanto, CA 92301
Attn: Mr. Jim Hart, City Manager
(760) 246-2300
MR. BRUCE COWGILL
(Owner/Dev.: Vons Shopping Center)
P.O. Box 90936
Long Beach, CA 90809
(562) 490-0098
MR. GUY WEDDINGTON McCREARY
(Owner: Design Center &
Carriage Square)
11222 Weddington Street
No. Hollywood, CA 91607
(760) 241-6106
WORLD PREMIER INVESTMENTS
3 Imperial Promenade, Suite 550
Santa Ana, CA 92707
Attn: Joshua Hsu
(714) 724-3070 ext. 16
CITIZENS BUSINESS BANK
12380 Hesperia Road
Victorville, CA 92392
Attn: Mr. Vince Gottuso, Senior Vice President
(760) 241-5101
MR. GERALD R. LUNDBERG ESQ.
(Owner: Law Offices of Lundberg)
14285 Amargosa Road
Victorville, CA 92392
(760) 245-1171
MR. ED MUSTAFA
(Owner: High Desert Corp. Pointe,
and Sunset Park)
P.O. Box 1748
Victorville, CA 92392
COUNTY OF SAN BERNARDINO
825 E. Third Street
San Bernardino, CA 92415-0832
Attn: Bernard Castro – Real Property Agent
(909) 387-7815
AMERICAN SECURITY BANK
495 E. Rincon Avenue, Suite 215
Corona, CA 92373
Attn: John Beck, Senior Vice President
(951) 372-8922
ENTERPRISE FUNDING CORP.
300 East State Street, Suite 230
Redlands, CA 92701
Attn: Mr. Jeff Sceranka, President
(909) 790-3879
CHOICE MEDICAL GROUP
13010 Hesperia Road
Victorville, CA 92395
Attn: Anna Sugi, CEO
(760) 843-7675
DR. PREM REDDY
13660 Bear Valley Road
Victorville, CA 92392
(760) 951-0023
JAMES BRUCE MINTON ESQ.
(Owner of Minton Law Office)
14467 Park Avenue
Victorville, CA 92392
(760)243-5678
Testimonials
Lee & Associates understands the kind of service and support our industry demands.
Extremely knowledgeable professionals.
-Boise Cascade Corporation
From the beginning, Lee has demonstrated an extraordinary ability to achieve our goals
quickly.
-Hertz-Penske Truck rental
Lee & Associates brings tremendous experience in market research to the job. We wouldn’t
make a move without them.
-Avis Rent-A-Car Systems
Lee & Associates provides a complete range of innovative services that enables us to
achieve a competitive advantage.
-Lifton Industries
Without a doubt, Lee is dedicated to serving the client’s needs. Their extensive market
experience was second to none.
-Nordstrom
We Chose Lee & Associates because of their enthusiasm and demonstrated ability to
achieve results fast. Great job Lee!
-California Lottery
Lee has been there for us time and time again. They understand our needs, and they bring
us the solution. Thanks, Lee!
-Wells Fargo
Lee & Associates’ real estate expertise gives us a distinct advantage in the market. We value
Lee’s talent and commitment.
-American Express