xsite report jun2308

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Page 1 of 31 http://www.xsitevalidation.com

32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly

prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.

XSite Report

By: XSite Validation LLC

Industry Type:

Self Storage

Property address:

32255 Northwestern Highway

Suite 280

Farmington Hills, MI 48334

This report is customized for:

John Smith

February 3, 2008


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XSite Validation (XSite) is a website application designed to analyze and validate property. It is a

completely automated tool, accessible via the internet, from any corner of the globe, and is theproduct of its management teams thirty five (35) years of expertise in the real estate and technologyindustries.

Its primary purpose is to assist bankers, developers, investors and real estate professionals obtaininformation on parcels of land and existing projects that, typically, is difficult and expensive to attain.The report will synthesize multiple sources of data into one easy to obtain report that is producedand delivered in only minutes over the internet.

The XSite Report includes a scoring model (and its process is patent pending), which is referred toas the XSite Report Index (XRI). The XRI is a scoring application, designed to attach an objectivescore to a parcel of property. Specific data (as identified below) shall be aggregated and indexed toprovide an instant assessment of a specified location. The assessment, or score, is weighted by

variables that pertain to the specific industry type or suggested intended use of the site.

A weighted score is necessary to eliminate the inherent biases found when reviewing property, and,thereby, allows bankers, developers, investors, and other real estate professionals an opportunity toutilize objectivity when ascertaining the potential viability of a subject parcel of property.

There are ten (10) categories which contribute to the XRI, and they are identified as follows:

Population Growth

Traffic Counts

Median Income Average Income

Consumer Expenditure By Intended Use

Market Potential

Building Permit Activity

Household Growth

Average Home Value

Competitive Locations


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II. EXECUTIVE SUMMARY

2007 PopulationTotal Population 170,728Male Population 48.0%Female Population 52.0%Median Age 42.9

2007 Income

Median HH Income $92,137Per Capita Income $54,232Average HH Income $131,865

2007 HouseholdsTotal Households 70,167Average Household Size 2.411990-2000 Annual Rate 1.19%

2007 HousingOwner Occupied Housing Units 66.9%Renter Occupied Housing Units 27.3%Vacant Housing Units 5.8%

Population1990 Population 154,0192000 Population 168,1902007 Population 170,7282012 Population 172,2861990-2000 Annual Rate 0.88%2000-2007 Annual Rate 0.24%2007-2012 Annual Rate 0.18%In the identified market area, the current year population is 170,728. In 2000, the Census countin the market area was 168,190. The rate of change since 2000 was 0.24 percent annually. Thefive-year projection for the population in the market area is 172,286, representing achange of 0.18 percent annually from 2007 to 2012. Currently, the population is 48.0 percentmale and 52.0 percent female.


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II. EXECUTIVE SUMMARY (continued)

Households

1990 Households 60,353




1990-2000 Annual Rate 1.19%

2000-2007 Annual Rate 0.52%

2007-2012 Annual Rate 0.33%

The household count in this market area has changed from 67,935 in 2000to 70,167 in the current year, a change of 0.52 percent annually.

The five-year projection of households is 71,337, a change of 0.33 percent

annually from the current year total. Average household size is

currently 2.41, compared to 2.45 in the year 2000. The number of families

in the current year is 46,038 in the market area.

Housing

Currently, 66.9 percent of the 74,455 housing units in the market area are

owner occupied; 27.3 percent, renter occupied; and 5.8 percent are

vacant. In 2000, there were 71,008 housing units 67.8 percent owner

occupied, 27.9 percent renter occupied and 4.3 percent vacant. The

rate of change in housing units since 2000 is 0.66 percent. Median homevalue in the market area is $319,196, compared to a median home

value of $192,285 for the U.S. In five years, median home value is

projected to change by 1.92 percent annually to $350,990. From 2000 to

the current year, median home value changed by 3.52 percent annually.


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Median Household Income

1990 Median HH Income $60,446




1990-2000 Annual Rate 2.29%

2000-2007 Annual Rate 3.18%

2007-2012 Annual Rate 2.99%

Per Capita Income

1990 Per Capita Income $32,275




1990-2000 Annual Rate 2.99%

2000-2007 Annual Rate 3.66%2007-2012 Annual Rate 4.1%

Average Household Income

1990 Average Household Income $82,351

2000 Average Household Income $106,732

2007 Average HH Income $131,865

2012 Average HH Income $160,030

1990-2000 Annual Rate 2.63%

2000-2007 Annual Rate 3.44%2007-2012 Annual Rate 3.95%


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Households by IncomeCurrent median household income is $92,137 in the market area, compared to $53,154 for allU.S. households. Median household income is projected to be $106,753 in five years. In 2000,median household income was $75,774, compared to $60,446 in 1990.Current average household income is $131,865 in this market area, compared to $73,126 for allU.S. households. Average household income is projected to be $160,030 in five years. In 2000,average household income was $106,732, compared to $82,351 in 1990.Current per capita income is $54,232 in the market area, compared to the U.S. per capita

income of $27,916. The per capita income is projected to be $66,304 in five years. In 2000, theper capita income was $43,324, compared to $32,275 in 1990.

Population by EmploymentCurrently, 93.9 percent of the civilian labor force in the identified market area is employed and6.1 percent are unemployed. In comparison, 93.4 percent of the U.S. civilian labor force isemployed, and 6.6 percent are unemployed. In five years the rate of employment in the marketarea will be 93.9 percent of the civilian labor force, and unemployment will be 6.1 percent. Thepercentage of the U.S. civilian labor force that will be employed in five years is 93.9 percent, and6.1 percent will be unemployed. In 2000, 64.5 percent of the population aged 16 years orolder in the market area participated in the labor force, and 0.0 percent were in the ArmedForces.In the current year, the occupational distribution of the employed population is:

83.8 percent in white collar jobs (compared to 60.2 percent of U.S. employment) 8.0 percent in service jobs (compared to 16.5 percent of U.S. employment) 8.2 percent in blue collar jobs (compared to 23.3 percent of U.S. employment) In 2000, 88.7 percent of the market area population drove alone to work, and 3.6 percentworked at home. The average travel time to work in 2000 was 26.0 minutes in the market area,compared to the U.S. average of 25.5 minutes.

Population by EducationIn 2000, the educational attainment of the population aged 25 years or older in the market areawas distributed as follows:7.5 percent had not earned a high school diploma (19.6 percent in the U.S.) 14.4 percent were high school graduates only (28.6 percent in the U.S.) 5.4 percent had completed an Associate degree (6.3 percent in the U.S.)

28.8 percent had a Bachelors degree (15.5 percent in the U.S.) 25.3 percent had earned a Masters/Professional/Doctorate Degree (8.9 percent in the U.S.)


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III. Market Summary (continued)


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IV. Maps

Site


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Aerial Map

IV. Maps (continued)


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V. Reports

Demographics


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V. Reports (continued)

Demographics


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Traffic


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* Distance and direction from the radius/drive time center point.

Date: 01/25/08Current Geography Selection: 5 mileradius: 32255 NORTHWESTERN HWY,FARMINGTN HLS, MI 48334Current Index Base: Entire US

Lat: 42.523067 Long: -83.347733City: Farmington Hills Pop: 82,213Zip: 48334 Pop: 17,309


Competition


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Summary

Demographics

2007 Population 109,384

2007 Households

39,796

2007 MedianDisposable

$45,316

2007 Per CapitaIncome

$25,121

IndustrySummary

Demand(Retail

Supply(Retail

RetailGap

Leakage/Surplus

Numberof

Total Retail Tradeand Food & Drink

-

$1,081,770,862

$1,151,403,456

-$69,632,5

-3.1 716

Total Retail TradeNAICS 44-45

$943,347,937

$1,048,372152

-105 024

-5.3 524

Total Food & DrinkNAICS 722

$138,422,925

$103,031,304

$35,391,621

14.7 192

Industry Group

Demand(Retail

Potential)

Supply(Retail

Sales)

RetailGap

(Demand

Leakage/Surplus

Factor

Numberof

BusinessMotor Vehicle &Parts Dealers

$264,002,307

$346,732,066

-$82,729,7

-13.5 77


Leakage / Surplus

Latitude: 32.9696Longitude: -80.137Radius: 5.0 milesSite type: Retail Market Place Profile


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Data Note:Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses areexcluded. Demand (retail potential) estimates the expected amount spent by consumers at retailestablishments. Supply and demand estimates are in current dollars. The Leakage/Surplus factorpresents a snapshot of retail opportunity. This is a measure of the relationship between supply anddemand that ranges from +100 (total leakage) to -100 (total surplus). A positive value representsleakage of retail opportunity outside the trade area. A negative value represents a surplus of retailsales, a market where customers are drawn in from outside the trade area. The Retail Gap

represents the difference between Retail Potential and Retail Sales. ESRI uses the North AmericanIndustry Classification System (NAICS) to classify businesses by their primary type of economicactivity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as

well as four industry groups within the Food Services & Drinking Establishments subsector.

Self Storage


Leakage Surplus (continued)


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Real Estate Comparables


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Environmental Report


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VI. XSite Report Index (XRI)

The XSite Report XRI is a synthesis of data. The data is aggregated and indexed to provide an instantassessment of a location. The assessment, or score, is weighted by the variables that pertain to the specificindustry type or suggested intended use of the site. The Site has been graded B+,which suggests that this property is value for intended use and can be recommended for loandisbursement.


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VII. Data Sources

Leakage & Surplus: ESRI ArcWebServices Business Analyst OnlineTraffic Counts: ESRI ArcWebServices Analyst Online, DatametrixDemographic Data: ESRI ArcGIS Server AnalystBuilding Permits: US Census, Manufacturing Mining & StatisticsCompetition: InfoUSA


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CONTACT US

We welcome your correspondence:

By Email: [email protected]

By Phone: 248-741-4000

xsite report jun2308

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