commercial & multifamily portfolio...commercial & multifamily portfolio offering summary...

Offering MemorandumOffering Memorandum

COMMERCIAL & MULTIFAMILY PORTFOLIOCOMMERCIAL & MULTIFAMILY PORTFOLIOCOMMERCIAL & MULTIFAMILY PORTFOLIOCOMMERCIAL & MULTIFAMILY PORTFOLIO1022 S 1022 S Street Retail/Office & 1910 11Street Retail/Office & 1910 11thth Street Triplex • Street Triplex • Sacramento, CA 95811Sacramento, CA 95811

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C EN O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C EN O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C EN O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's orasbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or anytenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's orasbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or anytenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

COMMERCIAL & MULTIFAMILY PORTFOLIOSacramento, CAACT ID ZAA0030362

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

COMMERCIAL & MULTIFAMILY PORTFOLIOSacramento, CAACT ID ZAA0030362

3

TABLE OF CONTENTS

COMMERCIAL & MULTIFAMILY PORTFOLIO

SECTIONSECTION

INVESTMENT OVERVIEW 01Offering SummaryOffering Summary

Local Map

Aerial Photo

Parcel Map

FINANCIAL ANALYSIS 02

Rent Roll Detail

MARKET COMPARABLES 03

Sales Comparables

Rent Comparables

MARKET OVERVIEW 04

Market Analysis

Demographic Analysis

4


INVESTMENTINVESTMENTINVESTMENTINVESTMENT

OVERVIEWOVERVIEW

5


EXECUTIVE SUMMARY

OFFERING SUMMARY

EXECUTIVE SUMMARY

MAJOR EMPLOYERSVITAL DATA

EMPLOYER # OF EMPLOYEES

California Dept of Pub Hlth 3,800

Water Resources Cal Dept 3,724

Caltrans 3,644

Uc Davis Medical Center 3,620

Department of Ane 3,575

Price $1,075,000

Loan Type All Cash

Total Rentable Square Feet 4,514Department of Ane 3,575

Medical Centre 3,575

Fire Department 3,245

Employment Dev Cal Dept 3,196

Emergency Preparedness Office 3,040

Cal Equalization State Bd 3,016

Mercy General Hospital 3,000

Price per Square Feet $238.15

RSF of 1022 S Street (Retail/Office) on 5,227 Square Foot Lot 2,048

RSF of 1019 11th Street (Triplex) on 3,502 Square Foot Lot 2,466 Mercy General Hospital 3,000

Sacramento Municpl Utility Dst 3,000

DEMOGRAPHICS

RSF of 1019 11th Street (Triplex) on 3,502 Square Foot Lot 2,466

Total Land Area (Square Feet) 8,729

Year Built: 1022 S Street/1910 11th Street 1890/Unknown

1-Miles 3-Miles 5-Miles

2018 Estimate Pop 20,444 134,219 339,870

2010 Census Pop 18,975 124,598 317,661

2018 Estimate HH 11,461 60,838 137,826

2010 Census HH 10,332 55,834 127,727

Median HH Income $36,175 $49,694 $49,279

Per Capita Income $36,552 $35,630 $29,796

Average HH Income $61,667 $77,256 $72,559

#6


OFFERING SUMMARYINVESTMENT OVERVIEW

1022 S Street & 1910 11th Street is a very unique opportunity to acquire a commercial building and a three-unit apartment

building in a prime location on two separate and contiguous parcels in Downtown Sacramento.

INVESTMENT OVERVIEW

1022 S Street is a two-story building of about 2,048 square feet on a commercial zoned lot of about 5,227 square feet. This

building is on a month-to-month rent of $1,100.

1910 11th Street is a triplex consisting of about 2,466 total square feet on a lot of about 3,502 square feet. The top apartment

unit is on a month-to-month rent of $900. This unit is a two-bedroom unit that has not increased rents since 2008.

Off-street parking is available for both buildings adjacent to Solons Alley. There are four parking stalls on a month-to-month rentOff-street parking is available for both buildings adjacent to Solons Alley. There are four parking stalls on a month-to-month rent

of $100 per parking stall.

Prime Location with High Upside Potential

Ideal for User with 10% Down Payment through SBA Financing

INVESTMENT HIGHLIGHTS

Ideal for User with 10% Down Payment through SBA Financing

Versatile Offering with Two Buildings on Separate Lots

7

LOCAL MAP


8

AERIAL PHOTO


9

PARCEL MAP


10


FINANCIALFINANCIAL

ANALYSISANALYSISANALYSISANALYSIS

11

FINANCIAL ANALYSIS


RENT ROLL DETAILRENT ROLL DETAIL

1910 11th Street (Triplex)

1022 S Street (Retail/Office)*1022 S Street (Retail/Office)*

50%

50%*This is being rented by a single tenant for $1,100. A breakdown above is for illustration purposes for two units.

Parking Stalls: There are four parking stalls on MTM for $100 per month.

12


MARKET

COMPARABLES13

COMPARABLES


SALES COMPARABLES MAP

COMMERCIAL & MULTIFAMILY PORTFOLIO(SUBJECT)

1412 F ST

1725 V St

1

2

32626 T St.

3626 1st Ave

2000 S Street

2500 S Street

3

4

5

7

6

2011 Yale Street

1430 V Street

2015 10th Street

2115 9th Street

7

8

9

102115 9th Street

1913 11th Street

2021 5th Street

1201 V Street

Triplex in Midtown

13

14

11

12

Triplex in Midtown Sacramento

2800 G St

921 W Street

1809 V Street

15

16

17

18919 W Street

1913 6th Street

2210 10th Street

SALES COMPARABLES

18

19

20

14

IN ESCROW COMPARABLES

ON MARKET COMPARABLES

PROPERTY NAMECOMMERCIAL & MULTIFAMILY PORTFOLIO

SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG

Average Price Per Square Foot

SALES COMPARABLES

IN ESCROW COMPARABLES

ON MARKET COMPARABLES

SALES COMPS AVG

IN ESCROW COMPS AVG

ON MARKET COMPS AVG

$630.00

$700.00

Average Price Per Square Foot

Avg. $310.92

Avg. $300.13

Avg. $366.99

$280.00

$350.00

$420.00

$490.00

$560.00

Avg. $300.13

$0.00

$70.00

$140.00

$210.00

$280.00

15

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

SALES COMPARABLES IN ESCROW COMPARABLES ON MARKET COMPARABLES

DOWNTOWN SACRAMENTO PORTFOLIO -COMMERCIAL & MULTIFAMILY

1022 S Street Retail/Office & 1910 11th Street Triplex,

1412 F ST1412 F St, Sacramento, CA, 95814

1725 V ST1725 V St, Sacramento, CA, 95818

1022 S Street Retail/Office & 1910 11th Street Triplex, Sacramento, CA, 95811 1 2

rentpropertyname1 rentpropertyname1 rentpropertyname1

Units Type

Offering Price $1,075,000 5 Comm/Res

Price/SF $238.15

Total Apartment Units 3

YB: 1022 S Street/1910 11th Street 1890/Unknown

Units Unit Type

Close Of Escrow: 2/15/2019 1 1 Bdr Bath

Sales Price: $900,000 3 2 Bdr Bath

Price/Unit: $225,000

Price/SF: $346.15

Total No. of Units: 4

Units Unit Type

Close Of Escrow: 12/3/2018 4 1 Bdr 1 Bath

Sales Price: $1,075,000


Price/SF: $547.35


rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1

Year Built: 1914 Year Built: 1970

16

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


2626 T ST.2626 T St, Sacramento, CA, 95816

3626 1ST AVE3626 1st Ave, Sacramento, CA, 95817

2000 S STREET2000 S Street, Sacramento, CA, 95811

3 4 5


Units Unit Type

Close Of Escrow: 10/19/2018 4 1 Bdr Bath

Sales Price: $876,000


Price/SF: $312.86


Units Unit Type


Sales Price: $867,340 1 2 Bdr 1 Bath


Price/SF: $300.53


Close Of Escrow: 5/10/2019



Price/SF: $253.43



Year Built: 1963 Year Built: 1905 Year Built: 1898

17

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


2500 S STREET2500 S Street, Sacramento, CA, 95816

2011 YALE STREET2011 Yale Street, Sacramento, CA, 95818

1430 V STREET1430 V Street, Sacramento, CA, 95818

6 7 8


Units Unit Type




Price/SF: $302.85





Price/SF: $176.00


Units Unit Type




Price/SF: $208.63




NOTESThe 4 unit multi-family property sold to an investor for $785,000 or about $196,250 per unit. Only 2 of the 4 units are currently occupied and tenants are currently paying below market rents.

18

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


2015 10TH STREET2015 10th Street, Sacramento, CA, 95818



9 10 11


Units Unit Type




Price/SF: $288.80


Units Unit Type




Price/SF: $315.86


Direct Comparable


Sales Price: $1,350,000


Price/SF: $367.65




NOTESDirectly across the street from subject property. Listing agent notes: "9 Unit Apartment property, needs work, located in desirable area of Sacramento. You can see the Capital Building from the front porch. Same owner for many years. Has so much potential. Excellent opportunity for

19

owner for many years. Has so much potential. Excellent opportunity for investor."

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES




TRIPLEX IN MIDTOWN SACRAMENTO815 27th St, Sacramento, CA, 95816

12 13 14


Units Unit Type

In Escrow 2 2 Bdr 1 Bath

List Price: $499,000


Price/SF: $288.77


Units Unit Type

In Escrow 2 2 Bdr 1.5 Bath



Price/SF: $311.49


Units Unit Type

On Market 1 2 Bdr 1.5 Bath

List Price: $1,590,000 2 1 Bdr 1 Bath


Price/SF: $661.40




NOTES

Winner of the SOCA Architectural Award in 2004.

20

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


2800 G ST2800 G St, Sacramento, CA, 95816

921 W STREET921 W Street, Sacramento, CA, 95818


15 16 17


Mixed Use Comparable Tenants Type

On Market 1 2 Bdr 1 Bath

List Price $895,000 1 1 Bdr 1 Bath

Price/SF $223.75 1 Retail

Year Built 1930

Total Apartment Units

2

Units Unit Type


List Price: $899,500 1 2 Bdr 2 Bath


Price/SF: $272.58


Units Unit Type


List Price: $1,090,000 2 2 Bdr 1 Bath


Price/SF: $311.43



Units2

Total Commercial Suites

1Year Built: 2008 Year Built: 1915

NOTESMixed-use building consisting of a duplex of about 1,800 SF and a market of about 2,200 SF.

NOTESMidtown Triplex on large lot. 3 Bedroom, 2 Bath home and large duplex with 2 - 2 Bedroom, 1 Bath Units. Below Market Rents. Long-term tenants. Duplex on alley. Make offer Subject to Inspection.

21

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


919 W STREET919 W Street, Sacramento, CA, 95818



18 19 20


Units Unit Type




Price/SF: $392.03


Commercial Comparable

On Market

List Price $899,000

Price/SF $204.97

Year Built 1917

Commercial Comparable

On Market

List Price $549,000

Rentable SF 1,092

Price/SF $502.75

Year Built 1925


Year Built: 1915

NOTESNOTES

Vacant with lockbox.

22

8


RENT COMPARABLES MAP

COMMERCIAL & MULTIFAMILY PORTFOLIO(SUBJECT)

1510 14th Street

1919 21st Street

1

2

2626 T Street

1314 V Street

2616 T Street

2321 G Street

44

3

5

6 2321 G Street

1412 F Street

Laura Lynn Manor

1808 D Street

7

8

9

7

8

9

6

1214 U Street

921 W Street

2000 S Street

1519 17th Street

11

12

13

10

11

12

13

10

1519 17th Street

14

15

16

1313

20

17

18

20

23

PROPERTY NAMECOMMERCIAL & MULTIFAMILY PORTFOLIO

RENT COMPARABLESAVERAGE RENT - MULTIFAMILY

Avg. $1,197$1,400$1,600$1,800$2,000

1 Bedroom

Avg. $1,197

$0$200$400$600$800

$1,000$1,200$1,400

Subject Property 1510 14thStreet

1919 21stStreet

2626 TStreet

1314 VStreet

2616 TStreet

2321 GStreet

1412 FStreet

Laura LynnManor

1808 DStreet

1214 UStreet

921 WStreet

2000 SStreet

1519 17thStreet

Avg. $1,649

$1,200$1,400$1,600$1,800$2,000

2 Bedroom

Street Street Street Street Street Street Street Manor Street Street Street Street Street

$0$200$400$600$800

$1,000$1,200


1919 21stStreet

2626 TStreet

1314 VStreet

2616 TStreet

2321 GStreet

1412 FStreet

Laura LynnManor

1808 DStreet

1214 UStreet

921 WStreet

2000 SStreet

1519 17thStreet

Avg. $2,478

$2,100$2,400$2,700$3,000

3 Bedroom

$0$300$600$900

$1,200$1,500$1,800$2,100


1919 21stStreet

2626 TStreet

1314 VStreet

2616 TStreet

2321 GStreet

1412 FStreet

Laura LynnManor

1808 DStreet

1214 UStreet

921 WStreet

2000 SStreet

1519 17thStreet

24


MARKET

OVERVIEWOVERVIEW

25

MARKET OVERVIEW

SACRAMENTOMARKET OVERVIEW


SACRAMENTOOVERVIEW

The Sacramento-Roseville-Arden-Arcade metro is located in themiddle of the 400-mile-long Central Valley of California and ismiddle of the 400-mile-long Central Valley of California and iscomposed of four counties: Sacramento, El Dorado, Placer and Yolo.It contains nearly 2.3 million people and unlike the nearby SanFrancisco Bay Area, Sacramento is seismically quiet.

Sacramento, home of the state capitol, is the most populous city, withapproximately 498,000 residents, followed by Elk Grove and Rosevilleapproximately 498,000 residents, followed by Elk Grove and Rosevillewith 168,000 and 133,000, respectively. During the next five years, amore affordable cost of living and infill redevelopment projects willhelp draw businesses and residents to the area.

METRO HIGHLIGHTSMETRO HIGHLIGHTS

SOLID JOB CREATIONLower costs than nearby metros attract businesses and drive job creation above the U.S. level. Many and drive job creation above the U.S. level. Many commuters into the Bay Area also reside in the area.

POPULATION GROWTHEmployment opportunities and redevelopment efforts will contribute to Sacramento’s population efforts will contribute to Sacramento’s population growth being above the national average.

LOW COST OF LIVINGSacramento’s median home price is more affordable than many other nearby California

26

affordable than many other nearby California metros.

MARKET OVERVIEW


ECONOMY Sacramento is home to the state capitol, making the government sector important to the

region’s economy, though less so than in the past as the economy diversifies. Sacramento’s seismic stability and low business costs compared with the region attract Sacramento’s seismic stability and low business costs compared with the region attract

major corporations seeking to establish operations. Among these are Intel Corp., Apple Computer and Siemens Mobility.

DHL and United Parcel Service use the former Mather Air Force Base to ship freight. The former McClellan Air Force Base is now an industrial park and includes tenants such as Northrop Grumman and J.C. Penney.

MAJOR AREA EMPLOYERSMAJOR AREA EMPLOYERS

California State University Sacramento

Sutter Health

Kaiser Permanente

Raley’s Inc.

Intel Corp.Intel Corp.

Catholic Healthcare West/ Mercy Healthcare

University of California Davis

UC Davis Medical Center

GenCorp

Wells Fargo * Forecast

SHARE OF 2018 TOTAL EMPLOYMENT

Wells Fargo * Forecast

4% 13% 25% 11% 5%MANUFACTURING

4%GOVERNMENT

EDUCATION AND

+OTHER SERVICES

3%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

16%TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL ANDBUSINESS SERVICES

1%INFORMATION

13%

6%

25% 11% 5%

16%

27

HEALTH SERVICESEDUCATION AND OTHER SERVICES

316AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION1

INFORMATION6 16

MARKET OVERVIEW


DEMOGRAPHICS

SPORTS The metro is expected to add nearly 162,000 people over the next five years, resulting in the formation of nearly 70,000 households.

A median home price well above the national median has produced a A median home price well above the national median has produced a homeownership rate of 59 percent, compared with the national rate of 64 percent.

Among residents age 25 and older, 31 percent hold bachelor’s degrees and 11 percent also have a graduate or professional degree.

2018 Population by Age

6 20 7 27 26 15

EDUCATION0-4 YEARS

6%5-19 YEARS

20%20-24 YEARS

7%25-44 YEARS

27%45-64 YEARS

26%65+ YEARS

15%

2018MEDIAN AGE:

2018 MEDIAN HOUSEHOLD INCOME:

2018POPULATION:

2018HOUSEHOLDS:

QUALITY OF LIFE

37.42018

MEDIAN AGE:

U.S. Median:

38.0

$64,7002018 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

$58,800

2.3M2018

POPULATION:

Growth2018-2023*:

7.0%

850K2018

HOUSEHOLDS:

8.2%

Growth2018-2023*:

ARTS & ENTERTAINMENTResidents and visitors to Sacramento can enjoy many recreational activities. The region is

home to professional sports teams such as the Kings (NBA), Republic FC, Sirens (IWFL)

and the River Cats. A short drive away is some of the world’s finest wine-producing

regions: the Napa, Sonoma and Alexander valleys. Sacramento is also just a short

distance from Lake Tahoe and it’s popular ski resorts. The area offers various cultural

QUALITY OF LIFE

distance from Lake Tahoe and it’s popular ski resorts. The area offers various cultural

opportunities including the ballet, opera, museums, a zoo and music festivals. In addition

to four community colleges, there are two universities located in the region: California

State University, Sacramento, and University of California, Davis. Housing is relatively

affordable in the metro compared with the Bay Area, drawing many residents and

businesses.* Forecast

28

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICSCreated on July 2019Created on July 2019

POPULATION 1 Miles 3 Miles 5 Miles 2023 Projection

Total Population 20,763 136,861 347,728

2018 Estimate


2010 Census

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2018 Estimate

$200,000 or More 3.87% 5.81% 4.53%

$150,000 - $199,000 2.62% 5.00% 4.58%

$100,000 - $149,000 11.51% 12.41% 12.14%

$75,000 - $99,999 8.79% 10.72% 10.94% 2010 Census


2000 Census


Daytime Population

2018 Estimate 108,396 262,260 499,711

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

$75,000 - $99,999 8.79% 10.72% 10.94%

$50,000 - $74,999 13.45% 15.85% 17.26%

$35,000 - $49,999 10.81% 11.79% 12.88%

$25,000 - $34,999 9.72% 9.22% 9.90%

$15,000 - $24,999 14.02% 11.74% 11.61%

Under $15,000 25.20% 17.44% 16.14%

Average Household Income $61,667 $77,256 $72,559HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2023 Projection

Total Households 11,827 62,801 142,963

2018 Estimate


Average (Mean) Household Size 1.61 2.12 2.39

2010 Census

Average Household Income $61,667 $77,256 $72,559

Median Household Income $36,175 $49,694 $49,279

Per Capita Income $36,552 $35,630 $29,796

POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population By Age

2018 Estimate Total Population 20,444 134,219 339,870

Under 20 10.77% 20.46% 24.43% 2010 Census


2000 Census


Growth 2015-2020 3.19% 3.23% 3.73%

HOUSING UNITS 1 Miles 3 Miles 5 Miles Occupied Units

Under 20 10.77% 20.46% 24.43%

20 to 34 Years 36.57% 27.00% 25.92%

35 to 39 Years 9.17% 8.06% 7.52%

40 to 49 Years 12.52% 12.84% 12.18%

50 to 64 Years 17.32% 18.44% 17.32%

Age 65+ 13.65% 13.21% 12.63%

Median Age 36.26 36.47 34.79

2023 Projection 11,827 62,801 142,963

2018 Estimate 12,443 63,556 143,465

Owner Occupied 1,975 23,899 58,485

Renter Occupied 9,486 36,940 79,340

Vacant 982 2,717 5,639

Persons In Units

2018 Estimate Total Occupied Units 11,461 60,838 137,826

Population 25+ by Education Level

2018 Estimate Population Age 25+ 16,694 97,998 232,297

Elementary (0-8) 5.02% 4.20% 5.06%

Some High School (9-11) 7.33% 7.24% 8.44%

High School Graduate (12) 17.36% 18.54% 20.98%

Some College (13-15) 23.25% 23.49% 23.26%

Associate Degree Only 5.82% 7.19% 7.85%2018 Estimate Total Occupied Units 11,461 60,838 137,826

1 Person Units 61.05% 42.72% 36.25%

2 Person Units 26.30% 30.45% 29.95%

3 Person Units 7.08% 11.91% 13.50%

4 Person Units 3.41% 8.04% 9.93%

5 Person Units 1.33% 3.58% 5.13%

6+ Person Units 0.84% 3.29% 5.25%

Associate Degree Only 5.82% 7.19% 7.85%

Bachelors Degree Only 25.16% 22.65% 19.75%

Graduate Degree 13.73% 14.24% 11.43%

Population by Gender

2018 Estimate Total Population 20,444 134,219 339,870

Male Population 55.12% 49.73% 48.93%

Female Population 44.88% 50.27% 51.07%

Source: © 2018 Experian

6+ Person Units 0.84% 3.29% 5.25% Female Population 44.88% 50.27% 51.07%

29

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

PopulationIn 2018, the population in your selected geography is 20,444. Thepopulation has changed by 6.95% since 2000. It is estimated that thepopulation in your area will be 20,763.00 five years from now, which

Race and EthnicityThe current year racial makeup of your selected area is as follows:56.83% White, 10.45% Black, 0.30% Native American and 17.32%Asian/Pacific Islander. Compare these to US averages which are:population in your area will be 20,763.00 five years from now, which

represents a change of 1.56% from the current year. The currentpopulation is 55.12% male and 44.88% female. The median age ofthe population in your area is 36.26, compare this to the US averagewhich is 37.95. The population density in your area is 6,499.89 peopleper square mile.

Asian/Pacific Islander. Compare these to US averages which are:70.20% White, 12.89% Black, 0.19% Native American and 5.59%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 19.17% of the current yearpopulation in your selected area. Compare this to the US average of18.01%.

HouseholdsThere are currently 11,461 households in your selected geography.The number of households has changed by 14.32% since 2000. It isestimated that the number of households in your area will be 11,827

18.01%.

HousingThe median housing value in your area was $340,079 in 2018,compare this to the US average of $201,842. In 2000, there were1,743 owner occupied housing units in your area and there were

Income

estimated that the number of households in your area will be 11,827five years from now, which represents a change of 3.19% from thecurrent year. The average household size in your area is 1.61 persons.

Employment

1,743 owner occupied housing units in your area and there were8,282 renter occupied housing units in your area. The median rent atthe time was $429.

IncomeIn 2018, the median household income for your selected geography is$36,175, compare this to the US average which is currently $58,754.The median household income for your area has changed by 60.45%since 2000. It is estimated that the median household income in yourarea will be $42,585 five years from now, which represents a changeof 17.72% from the current year.

EmploymentIn 2018, there are 118,576 employees in your selected area, this isalso known as the daytime population. The 2000 Census revealedthat 68.78% of employees are employed in white-collar occupationsin this geography, and 31.31% are employed in blue-collaroccupations. In 2018, unemployment in this area is 6.11%. In 2000,the average time traveled to work was 23.00 minutes.of 17.72% from the current year.

The current year per capita income in your area is $36,552, comparethis to the US average, which is $32,356. The current year averagehousehold income in your area is $61,667, compare this to the USaverage which is $84,609.

the average time traveled to work was 23.00 minutes.

Source: © 2018 Experian

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