120 W Palmdale Blvd
29+Acres Adjacent to the Antelope Valley Freeway (CA-14) at the Palmdale Boulevard On & Off Ramps
Marketing description
CBRE presents the opportunity for qualified buyers to acquire and develop this site located at 120 W Palmdale Boulevard in the heart of Palmdale, Los Angeles County, California. The approximately 29.2-acre site is zoned Regional Commercial, allowing for multiple uses including hotel, retail, office, automotive, multifamily residential, and entertainment.
Palmdale is a family-oriented community with a high quality of life and is the “Aerospace Capital of the World.” Aerospace and service-related jobs are anticipated to increase jobs in Palmdale by 35.8% over the next ten years. It is the fastest-growing city in Los Angeles County and among the fastest growing in the US by population.
The Site is located adjacent to the Antelope Freeway (CA Hwy 14) at the on and off ramps of Palmdale Boulevard. Directly across from Division Street, a neighborhood of energy-efficient single-family homes is currently being constructed. The Site is positioned at the gateway to Palmdale and west of Sierra Highway, while accessible to over 2,000,000 SF of retail including the enclosed Antelope Valley Mall. It is approximately 30 minutes north of San Fernando and Santa Clarita Valleys and less than one hour north of downtown Los Angeles. The recently opened $200 million state-of-the-art Palmdale Regional Medical Center is located less than 1 mile away.
Investment highlights
EXCELLENT LAND INVESTMENT AND DEVELOPMENT OPPORTUNITY IN NORTH LOS ANGELES COUNTY
Unencumbered development site located at a primary interchange in north LA County
Parcel Size and zoning allow for multiple potential uses
STRATEGICALLY LOCATED WITH LOCAL AND REGIONAL ACCESS
Property offers over 1,260 feet of frontage along Antelope Valley Freeway (CA Hwy 14) off-ramp
Central location between Downtown Palmdale and the Palmdale Regional Medical Center
ANTICIPATED REGIONAL EMPLOYMENT MARKET GROWTH
Increased Production Activity at USAF Plant 42: Northrup Grumman, Lockheed, Boeing, General Atomics and NASA operate and maintain large research, design, manufacturing, and assembly facilities in Palmdale
Immediate Employment Opportunities: Aerospace companies with long-term contracts have immediate opportunities in new technical and assembly jobs extending beyond 2025
Spillover Effect Creates Support Jobs: The construction of large facilities for design and assembly, plus the addition of over 2,500 technical positions creates over 6,000 support jobs in the local economy
Commitment to Region: In 2022 Lockheed Martin completed a new 208,000 SF hi-tech advanced manufacturing facility
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