Investment Overview

Marcus & Millichap is pleased to present for sale unimproved raw land totaling approximately 429,334 square feet or 9.86 acres for development. With only half the property required to develop approximately 821 self storage units, the property provides the opportunity for additional value add development of LI zoned uses. The property is located on the east side of 10th Street W, 2 parcels north of Avenue O in the immediate vicinity of Highway 14, the Antelope Valley Mall, US Social Security Administration, Walmart, Sam’s Club and other major commercial points of interest. Known as “A Place to Call Home” Palmdale is a beautiful city that cherishes small-town values and a love for its community. Nestled in the center of northern LA County, next to the San Gabriel Mountains, Palmdale is home to more than 169,0000 residents. The Aerospace industry has historically been the main driving force in the area’s economy, although Palmdale also enjoys many thriving businesses in the manufacturing and service industries. Palmdale offers the opportunity to shape a highly-technical growing city at only 25% built out with major projects in the pipeline including two high-speed rail lines, re-establishing commercial air service, trans modal transportation planning for the future and expansion of aerospace and station area planning phase of east-west high speed rail lines to Las Vegas and north-south in California. Major announcements include a new one million square foot distribution center and potential relocation for defense and aerospace giants Northrop-Grumman.