0 Yates Road

Lee Associates presents the opportunity to acquire 2440 acres of fully entitled land approved for Chateau Resort a 258bed Continuing Care Retirement Community spanning approximately 232108 square feet across five pavilions Independent Living Assisted Living Memory Care Skilled Nursing and a Medical OfficeRehabilitation pavilionThe site carries an approved Conditional Use Permit extended through December 2027 completed watersewer feasibility through CSA64 and willserve letters on file for electric gas and telecommunications removing much of the entitlement risk typically facing a groundup senior living development The property also falls within a federally designated Opportunity Zone Census Tract 06071009913 offering potential taxadvantaged structuring for qualified buyersAn independent thirdparty demand study identifies meaningful unmet need for Independent Living Assisted Living Memory Care and Skilled Nursing beds across the primary market area through at least 2029 Combined with its shovelready status Chateau Resort offers a developer or institutional buyer a clearly derisked path to a Class A incomeproducing retirement community in one of the Inland Empire Norths fastestgrowing submarketsChateau Resort sits along Yucca Loma Road within the Spring Valley Lake Association one of the High Deserts most amenityrich lakefront communities SVLA spans more than 4200 homesites and centers on a 200acre waterski lake and marina an 18hole golf course and country club and an equestrian center giving the site an unusually resortlike setting for a senior living project The property is adjacent to Mojave Narrows Regional Park and Horseshoe Lake and sits within minutes of Victorville and Apple ValleyHealthcare access is strong Victor Valley Global Medical Center is 33 miles away St Marys Medical Center 54 miles and Desert Valley Hospital 43 miles with an additional Kaiser PermanenteProvidence jointventure hospital planned nearby The surrounding Victor Valley submarket benefits from Victorvilles role as a logistics and transportation hub which has driven steady population growth the primary market area is projected to grow to roughly 171785 residents with nearly a quarter of that population between ages 65 and 85