Palmdale
is a fast-growing city where relatively young and well-educated
families are prospering. This upper-middle class community has a
2003 median household income of $64,433, which is 28 percent higher
than Los Angeles at $50,309. Over one-third of all residents have
annual incomes greater than $75,000. This youthful community has a
median age of 29.1 years. Palmdale is emerging as a rapidly growing
and thriving community. The City ranks as one of the fastest-growing
cities in the nation among those with populations of 100,000 or
more. The city’s health economy is reflected in the tremendous
growth of sales tax revenue—a 73.3 percent increase over the last
decade.
Palmdale’s residents are well educated and have access to a community college, a four-year university and several four-year extension universities. Outstanding transportation alternatives provide easy access to the Los Angeles basin via the Antelope Valley Freeway, the Metrolink commuter real system and Antelope Valley Transit Authority buses. The Palmdale Transportation Center which opened in April 2005 is the transportation hub of the Antelope Valley. The Center provides a Metrolink commuter rail station, bus service, van-pool and park-n-ride services and provisions for high-speed and airport service. The Palmdale Transportation Center is located just 5 miles from the subject property.
Some of America’s largest aerospace companies call Palmdale home including Lockheed Martin Aeronautics Company, The Boeing Company and Northrop Grumman Corporation. These companies are located at Palmdale’s famed U.S. Air Force Plant 42—the site where the most advanced aircraft in the world is developed and built, including the space shuttle and stealth technology. A new generation of leading edge companies are located in Palmdale, such as Delta Scientific Corporation, U.S. Pole Company, and Senior Systems Technology. Palmdale’s business community of over 3,800 companies makes it a vital part of the Southern California economy. To assist these firms in keeping their competitive edge, the City of Palmdale offers an impressive inventory of incentives, including the California State Enterprise Zone and Federal Foreign Trade Zone.
The City of Palmdale’s story and road to success is truly
remarkable. Incorporated in 1962, the
city has grown from a small rural town to a thriving community
encompassing over 104 square miles situated in beautiful North Los
Angeles County. Palmdale is one of the nation’s fastest-growing
cities and home to some of the world’s most advanced technology. Its
abundant affordable land, strong labor pool and close proximity to
all of Southern California has made it a top choice with many
seeking to expand their operations. Only an hour away from the Los
Angeles International Airport and the Los Angeles and Long Beach
shipping ports, Palmdale offers easy access to the entire Pacific
Rim and beyond. Key North/South and East/West Interstates are just
minutes away from Palmdale providing travelers and shippers with
direct, un-congested routes to destinations throughout the Western
United States.
Providing an outstanding quality of life for Palmdale residents is a key priority for the city. Leaders remain focused on maintaining a safe, family oriented community and creating a robust local economy with new retail, dining and recreational opportunities. Many new companies have found Palmdale to be an excellent place to do business, taking advantage of a highly skilled workforce and attractive land values.. Palmdale offers some of southern California’s most attractive and affordable housing. Impressive demographics continue to bring new shopping and dining opportunities to Palmdale. Coming soon with be a Wal-Mart Supercenter, Jo-Ann Etc., Sit’n Sleep Furniture Outlet and Hampton Inn Hotel. Recently opened is a new Albertson’s grocery store and Office Depot. Diners will soon enjoy new eateries such as Famous Dave’s Legendary Pit Bar-B-Que, Johnny Carino’s Italian Restaurant, Ginza Steakhouse, Buffalo Wild Wings Grill & Bar, Q & Q Hawaiian Bar-B-Que, Fatburger and Tommy’s Burgers.
Located only 1.5 miles from the subject property is the Antelope Valley Mall where over one million square feet of retail space has provided homes for a strong set of anchor stores including Dillard’s, Harris-Gottschalks, JCPenney, Sears and Mervyn’s. Complementing these major department stores are over 140 boutiques and specialty shops as well as 10 theater screens. Restaurant Row surrounds the mall and is home to such well-known eateries as Outback Steakhouse, El Torito, Olive Garden, Red Lobster and Chilli’s with even more dining establishments on the way. Other centers throughout the city host major retailers and restaurants including Trader Joe’s, Panera Bread, Sport Chalet, Barnes & Noble, Kohl’s, Pier 1 Imports, Old Navy, Linens ‘N’ Things, Bed, Bath & Beyond, Best Buy, Circuit City, Target, Sam’s Club, Wal-Mart, The Home Depot and Lowe’s Home Improvement Warehouse.
Antelope Valley Mall
Martin Properties, Inc.
4195 E. Thousand Oaks Blvd. #125
Westlake Village, CA 91362
Phone: 805-371-4422
Website: www.martinprop.com
Challenger Business Park Palmdale Blvd. & 5th St. West Palmdale, CA
For inquiries
please contact: Leasing & Sales Brokers
Errol Van
Horne
661-341-3341
Scott Romick
818-933-0305
John Battle
818-933-0301
661-341-3377
Owner
805-371-4422
rob@martinprop.com
Office Brochure: click here
Retail Brochure: click here