“Shovel Ready” Opportunity Zone Project!
Sierra Creek is a ground-up development opportunity to acquire a 248-unit permit-ready, fully entitled and designed Class A, 2-story garden walk-up future apartment community in the Rosamond area of Kern County. The offering answers the severe housing shortage needs in the Rosamond and northern Antelope Valley submarket.
Sierra Creek is located within the closest proximity (+/-16 miles away) to the Edwards Air Force Base, which is home to +/-10,000 Active Duty Service Members and their families. In addition to the 10,000 Service Members, there are over 8,000 other members of the Base, most of which are civilian employees. All civilian and 95% of enlisted members at the base must find housing off-Base. There are only two actively selling new home communities in Rosamond and no new apartment projects currently in development.
This is a unique chance to deliver product into a market with extraordinarily high demand and no competing Class A rental product.
Please contact the Brokers for the full offering memorandum.
