offering memorandum -...

Offering Memorandum

1348 XANADU ST

Aurora, CO

ACT ID Y0050338

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 E

Non-EndorsementsMarcus & 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 or name 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.

1348 XANADU ST

3

INVESTMENT

OVERVIEW

#

EXECUTIVE SUMMARY

OFFERING SUMMARY

#

1348 XANADU ST

4

1348 XANADU ST

4

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES *

Greystar Management Services 3,289

LDS Church 2,500

Ascenda USA Inc 2,400

Portfolio Logic LLC 2,068

Childrens Hospital Colorado 1,929

Defense Accounting Center 1,600

Air Force US Dept of 1,425

Walmart 1,385

Police Dept 1,218

City of Aurora 1,107

Northrop Grmmn Spce & Mssn Sys

822

Air Force Reserve Center 800

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2016 Estimate Pop 20,197 153,120 375,323

2010 Census Pop 18,172 136,613 331,460

2016 Estimate HH 6,818 51,404 140,716

2010 Census HH 6,148 46,667 125,477

Median HH Income $35,023 $39,172 $48,662

Per Capita Income $16,400 $18,154 $25,839

Average HH Income $47,813 $53,084 $68,201

* # of Employees based on 5 mile radius

Property Description

Price $1,250,000

Price per unit $25,000

Price per acre $553,097

Price per square foot $12.69

Zoning TOD

Lot Size 2.26 Acres / 98,446 SF

Approved Buildable SF 56,400

Number of Approved Units 50

Number of Lots 1

Type of Ownership Fee Simple

Development Type Redevelopment

Permit Ready Yes

*This parcel has been approved for 56,400 buildable square feet, four stories, and 50 units.

Potential for more units upon approval from the City of Aurora.

1348 XANADU ST

#

OFFERING SUMMARY

Close Proximity to the Fitzsimons Innovation Campus

TOD Zoning and Approved for 50 Units

Located 3 Blocks from Colfax Light Rail Station

Extensive Area Development

Convenient Proximity to Denver International Airport

INVESTMENT HIGHLIGHTS

5

PROPERTY OVERVIEW

1384 Xanadu Street is located in the city of Aurora, CO. The parcel is zoned TOD and has been approved for 50 multifamily units with potential for more, upon city approval. The parcel is located three blocks from the Colfax Station Light Rail. The site is two blocks south of Colfax Ave, opposite of the renowned Fitzsimons Biosciences District/University of Colorado Anschutz Medical Campus, which is home to the Children's Hospital among many other medical facilities. The parcel is only one block from the Hyatt Conference Center and countless retail services.

CLOSE PROXMITY TO THE FITZSIMONS INNOVATION CAMPUS

Located right next to 1348 Xanadu Street is the renowned Fitzsimons Bio Sciences District/ University of Colorado Anschutz Medical Campus, commonly known as the Fitzsimons Innovation Campus. The district was modeled after successful medical research facilities scattered throughout the country and is the largest medical redevelopment project in the country. The facility encompasses 578-acres with six-million square feet of new buildings where science institutions conduct patient care, study and research. In an estimated 10 years the campus will include more than 16-million square feet, including the construction of the Colorado Science and Technology Park that will sit on 184-acres on the north side of the Fitzsimons life and Science District. Currently, the Fitzsimons Innovation Campus employs approximately 20,000 people with 20,000 more in future employment expected in the next five years. The site is currently undergoing a 4.3 billion dollar transformation dedicated to patient care, education, research and development. Aurora, what was once known as the industrial east side is quickly being developed into a highly connected, commercial and residential center of the future.

.

1348 XANADU ST

PROPERTY SUMMARY

Property Description

Price $1,250,000

Price per Buildable Unit $25,000

Price per Acre $553,097

Price per Square Foot $12.69

Zoning TOD

Lot Size 2.26 Acres / 98,446 SF

Approved Buildable SF 56,400 SF

Number of Approved Units 50

Number of Lots 1

Type of Ownership Fee Simple

Development Type Redevelopment

Permit Ready Yes

OFFERING SUMMARY

Construction Financing

Type Financed - New Loan

Loan To Value 60%

Loan Amount $7,200,000

Interest Rate 4.5%

Term 12 – 18 Month Interest Only

6

Acquisition Financing

Type Financed - New Loan

Loan To Value 50%

Loan Amount $625,000

Interest Rate 4.75%

Term 2 Year Interest Only

*Terms have been proposed by a Marcus & Millichap Capital Corporation representative.

*Construction Financing is based on the construction of 50 apartment units at an average cost of $200,000 per unit. This information is subject to change depending on floor plans and amenities.

REGIONAL MAP

1348 XANADU ST

7

AERIAL PHOTO

FITZSIMOS JUNCTION

8

The Forum Fitzsimons

Chambers Shopping Center

Colfax Avenue

Colfax Light Rail Station

1348 XANADU ST

AERIAL PHOTO

1348 Xanadu St

9

1348 Xanadu St

Colfax Light Rail Station

1348 XANADU ST

10

MARKET

COMPARABLES

8

1348 XANADU ST

SALES COMPARABLES MAP

11

1348 XANADU ST

(SUBJECT)

SEC Colfax Ave & Trenton

St

2979 Uinta St

1st Ave

2950 Havana St

9206 E 51st Dr

Freddy's

Fitzsimons Village

Courtyard Abilene Station -

Lot 2

SALES COMPARABLES

1

2

3

4

5

7

8

6

12

Avg. $33.23

$0.00

$7.30

$14.60

$21.90

$29.20

$36.50

$43.80

$51.10

$58.40

$65.70

$73.00

1348

Xanadu St

SEC Colfax

Ave &

Trenton St

2979

Uinta St

1st Ave 2950

Havana St

9206

E 51st Dr

Freddy's Fitzsimons

Village

Courtyard

Abilene

Station

- Lot 2

Average Price Per Square Foot

PROPERTY NAME1348 XANADU ST

SALES COMPARABLES

Avg. $1,447,602

$0

$400,000

$800,000

$1,200,000

$1,600,000

$2,000,000

$2,400,000

$2,800,000

$3,200,000

$3,600,000

$4,000,000

1348

Xanadu St

SEC Colfax

Ave &

Trenton St

2979

Uinta St

1st Ave 2950

Havana St

9206

E 51st Dr

Freddy's Fitzsimons

Village

Courtyard

Abilene

Station

- Lot 2

Average Price Per Acre

SALES COMPARABLES SALES COMPS AVG

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


13

SALES COMPARABLES

Asking Price $1,250,000

Down Payment $562,500

Down Payment % 45%

Zoning TOD

Price/SF $12.70

Lot Size (Acres) 2.26 acre(s)

Price/Acre $553,095

1348 XANADU ST1348 Xanadu St, Aurora, CO, 80011

PERMIT READY: YES

1

Close of Escrow 4/28/2017

Days On Market 1473

Sales Price $650,000

Zoning MS-1

Price/SF $21.31

Lot Size (Acres) 0.70

Price/Acre $928,328

SEC COLFAX AVE & TRENTON ST7900 E Colfax Ave, Denver, CO, 80220

2


Sales Price $1,565,000

Down Payment % 39%

Zoning C-MU-20

Price/SF $22.72


Price/Acre $989,569

NOTES

The 1.56 acres of land located at 8154 Martin Luther King Jr Blvd, also

known as 2979 Uinta Street sold on September 22nd for $1,565,000. The

property sold as an investment for the development of a 74 total unit

assisted living and memory care senior living facility which is expected to

complete construction November 2016

2979 UINTA ST2979 Uinta St, Denver, CO, 80238

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


14

SALES COMPARABLES

NOTES

Last phase of Lowry Redevelopment: The buyer plans to develop a single

family home development. With this development will come 120 single

family homes, 350 Apartments, and 140 Townhomes.

3



Down Payment % 100%

Zoning O1

Price/SF $25.39


Price/Acre $1,105,875

1ST AVE1st Ave, Denver, CO, 80230

4



Price/SF $24.60



2950 HAVANA ST2950 Havana St, Denver, CO, 80238

5



Zoning M-RX-5

Price/SF $28.00



9206 E 51ST DR9206 E 51st Dr, Denver, CO, 80238

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


15

SALES COMPARABLES

NOTES

The land was purchased by the buyer to build 3,800 square foot

restaurant. The new restaurant will be Freddy's Frozen Custard and

Steakburgers. The property broke ground at the end of the summer and

has a grand opening in January 2017.

6



Zoning I-A

Price/SF $26.81



FREDDY'S5012 Central Park Blvd, Denver, CO, 80238

7



Zoning FBAD 4, Aurora

Price/SF $71.87



NOTES

This sale transaction is for the land parcel on E. Colfax Avenue in Aurora.

This property sold for $4,200,000 on December 16, 2015. The Childrens

Hospital is expanding its array of medical services. Plans for development

have not been finalized. Children's Hospital Colorado in Aurora, CO is

ranked nationally in 9 pediatric specialties. Children's Hospital Colorado is

a 440-bed children's general facility with 14,259 admissions in the most

recent year reported.

FITZSIMONS VILLAGEE Colfax Ave, Aurora, CO, 80011

8



Down Payment % 100%

Zoning PUD

Price/SF $45.16



NOTES

COURTYARD ABILENE STATION - LOT 2255 N Blackhawk St, Aurora, CO, 80011

8

1348 XANADU ST

RENT COMPARABLES MAP

1348 XANADU ST

(SUBJECT)

The Forum at Fitzsimons

21 Fitzsimons Apartment

Homes

Retreat at City Center

Griffis Fitzsimons South

Westridge

Griffis at Lowry

4

7

8

9

11

20

12

14

15

16

17

13

18

10

4

1

2

3

5

6

16


RENT COMPARABLES

17

AVERAGE OCCUPANCY

Avg. 95.68%

0

20

40

60

80

100

120

140

160

180

200

The

Forum at

Fitzsimons

21

Fitzsimons

Apartment

Homes

Retreat at

City Center

Griffis

Fitzsimons

South

Westridge Griffis

at Lowry


RENT COMPARABLES

18

AVERAGE RENT - MULTIFAMILY

Avg. $1,199

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

The

Forum at

Fitzsimons

21

Fitzsimons

Apartment

Homes

Retreat at

City Center

Griffis

Fitzsimons

South

Westridge Griffis

at Lowry

Studios

Avg. $1,432

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

The

Forum at

Fitzsimons

21

Fitzsimons

Apartment

Homes

Retreat at

City Center

Griffis

Fitzsimons

South

Westridge Griffis

at Lowry

1 Bedroom

Avg. $1,722

$0

$300

$600

$900

$1,200

$1,500

$1,800

$2,100

$2,400

$2,700

$3,000

The

Forum at

Fitzsimons

21

Fitzsimons

Apartment

Homes

Retreat at

City Center

Griffis

Fitzsimons

South

Westridge Griffis

at Lowry

2 Bedroom

Avg. $2,226

$0

$300

$600

$900

$1,200

$1,500

$1,800

$2,100

$2,400

$2,700

$3,000

The

Forum at

Fitzsimons

21

Fitzsimons

Apartment

Homes

Retreat at

City Center

Griffis

Fitzsimons

South

Westridge Griffis

at Lowry

3 Bedroom

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


19

OCCUPANCY: 96% | YEAR BUILT: 2018

1

Unit Type Units SF Rent Rent/SF

Studio 1 Bath 38 568 $1,108 $1.95

1 Bdr 1 Bath 262 722 $1,596 $2.21

2 Bdr 1 Bath 97 1,106 $2,044 $1.85

Total/Avg. 397 801 $1,659 $2.07

NOTES

The Forum at Fitzsimons is a 397-unit, 4-story apartment building,

featuring 29,000 square feet of retail space, and five-story parking garage.

Unit Amenities include Heating, Kitchen and Range

Site Amenities include On-Site Retail

There are 118 free Surface Spaces are available; 706 Attached Garage

Spaces are available; 2.1 per Unit

THE FORUM AT FITZSIMONS13650 E Colfax Ave, Aurora, CO, 80011


2

NOTES

Units are individually metered with tenant being responsible for paying all

utilities.

Unit Amenities include Granite Countertops, Walk-In Closets, Fireplaces,

Stainless Steal Appliances, and in-unit Washer/Dryer

Common Area Amenities include a Business Center, Elavator, Fitness

Center, Pool, Storage Space, Gameroom, Grill and Spa

There are 800 Covered Spaces Available and 300 Surface Parking Spaces


Studio 1 Bath 40 494 $1,290 $2.61

1 Bdr 1 Bath 290 770 $1,455 $1.89

2 Bdr 1 Bath 230 1,264 $1,912 $1.51

3 Bdr 1 Bath 40 1,403 $2,113 $1.51

Total/Avg. 600 983 $1,663 $1.69

21 FITZSIMONS APARTMENT HOMES2100 N Ursula St, Aurora, CO, 80045

3


NOTES


utilities.

Unit Amenities include Granite Countertops, Hardwood Floors, Alarm

Systems, Walk-In Closets, Ceiling Fans, Fireplaces and in-unit

Washer/Dryer

Common Area Amenities include a Business Center, Clubhouse,

Controlled Access, Courtyard, Elevator, Fitness Center, Grill, Laundry

Facilities, Picnic Area, Playground, Pool, Spa, and Sundeck

There are 460 free Covered Parking Spaces and 80 free Surface Parking

Spaces


1 Bdr 108 675 $1,257 $1.86

2 Bdr 108 1,108 $1,500 $1.35

3 Bdr 9 1,376 $2,194 $1.59

Total/Avg. 225 911 $1,411 $1.55

RETREAT AT CITY CENTER820 S Cimarron Way, Aurora, CO, 80012

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

RENT COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


20


4


1 Bdr 152 750 $1,420 $1.89

2 Bdr 106 1,104 $1,639 $1.48

3 Bdr 30 1,277 $2,306 $1.81

Total/Avg. 288 935 $1,593 $1.70

NOTES


utilities.

Unit Amenities include Granite Countertops, Hardwood Floors, Alarm

Systems, Walk-In Closets, Ceiling Fans, Fireplaces, Double Vanities,

Stainless Steal Appliances, Storage Units and in-unit Washer/Dryer


Controlled Access, Gated, Courtyard, Game Room, Fitness Center, Grill,

Laundry Facilities, Picnic Area, Playground, Pool, Spa, Sundeck, Media

Center/ Movie Theater and Pet Play Area


Spaces

GRIFFIS FITZSIMONS SOUTH325 N Sable Blvd, Aurora, CO, 80011


5

NOTES


utilities.

Unit Amenities include Walk-In Closets, Stainless Steal Appliances, Crown

Molding, Wi-Fi and in-unit Washer/Dryer


Controlled Access, Fitness Center, Laundry Facilities, Playground, Pool,

Spa, Sauna, and Storage Space


Spaces


1 Bdr 100 703 $1,165 $1.66

2 Bdr 100 885 $1,344 $1.52

3 Bdr 20 1,399 $1,950 $1.39

Total/Avg. 220 849 $1,318 $1.55

WESTRIDGE445 Helena Ct, Aurora, CO, 80011

6


NOTES

This property consists of 211 units, 61 of the units are individually owned

condo's and 150 are apartment rentals.


utilities.

Unit Amenities include Granite Countertops, Tile Floors, Walk-In Closets,

Fireplaces, Double Vanities, Stainless Steal Appliances, Storage Units and

in-unit Washer/Dryer


Controlled Access, Fitness Center, Pool, Storage Space

There are 200 free Surface Parking Spaces


1 Bdr 48 886 $1,698 $1.92

2 Bdr 84 1,193 $1,895 $1.59

3 Bdr 18 1,359 $2,565 $1.89

Total/Avg. 150 1,115 $1,912 $1.72

GRIFFIS AT LOWRY9649 E 5th Ave, Denver, CO, 80230

1348 XANADU ST

21

MARKET

OVERVIEW

MARKET OVERVIEW

DENVEROVERVIEW

1

The Denver-Aurora-Lakewood metro consists of 10 counties:

Broomfield, Arapahoe, Denver, Adams, Douglas, Jefferson, Clear

Creek, Elbert, Gilpin and Park counties. Denver, which is both a

county and a city, is the largest of each, with approximately 700,000

residents. The metro is at the center of Colorado’s Front Range,

nestled at the convergence of the Great Plains and the majestic Rocky

Mountains. The eastern and northern reaches of the metro are

expected to receive the majority of future development, as land in

these areas is relatively flat and more affordable. Denver’s elevation of

5,280 feet above sea level provides it with the nickname “Mile-High

City.”

MARKET OVERVIEW

METRO HIGHLIGHTS

MAJOR TRANSPORTATION CENTER

Denver serves as the vital transportation gateway to

the West, with a well-developed infrastructure. The

region is accessed by three interstates and two

freight rail lines.

EMPHASIS ON SKILLED JOBS

Denver’s highly educated labor force attracts tech

employers. Roughly 40 percent of residents age 25

and older hold at least a bachelor’s degree.

GROWING ALTERNATIVE ENERGY SECTOR

The National Renewable Energy Laboratory located

in Golden helps lure energy-related businesses to

the region.

1348 XANADU ST

MARKET OVERVIEW

ECONOMY Key drivers of the region’s economy include aerospace, bioscience, energy, financial

services, healthcare, aviation, information technology and telecommunications.

Denver’s economy is expanding, with the annual change in gross metropolitan product

(GMP) expected to reach 3.3 percent this year.

Many of Denver’s largest employers are in population-serving businesses such as retail

and healthcare, and their expansion will track a rise in population and income growth.

There are 10 Fortune 500 companies located in the metro, including Arrow Electronics,

DISH Network and Liberty Interactive.

SHARE OF 2016 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

HealthONE Corp.

CenturyLink

Centura Health

Kaiser Permanente

Lockheed Martin Corp.

DISH Network

Wells Fargo Bank

University of Colorado System

United Airlines Inc.

SCL Health System* Forecast

2

MANUFACTURING

5%GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+

OTHER SERVICES

4%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

18%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

3%INFORMATION

18%

7%

14% 11% 7%

13%

1348 XANADU ST

MARKET OVERVIEW

DEMOGRAPHICS

Rapid employment growth fuels in-migration. The metro is expected to gain more

than 165,000 new residents during the next five years.

Through 2021, the median household income is expected to rise 14 percent and well

above the national median.

Elevated incomes have allowed nearly 63 percent of households to own their

homes, slightly below the national rate, maintaining rental demand.

The Denver metro area offers residents urban and rural surroundings, in addition to exciting

nightlife and outdoor fun. Four professional sports teams play in venues within a short walk

or drive of downtown Denver. The local arts community is vibrant and the city’s large park

system provides relaxing opportunities to enjoy the outdoors. The lure of the Rocky

Mountains keeps residents active. Rocky Mountain National Park is less than two hours

from the metro and offers numerous campsites and hiking trails. Avid skiers and

snowboarders are close to world-class ski resorts, such as Vail, Beaver Creek and Copper

Mountain. The Denver metro will continue to grow as the area’s high quality of life attracts

new residents.

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s

Analytics; U.S. Census Bureau

36.2

2016MEDIAN AGE:

U.S. Median:

37.7

$67,200

2016 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$54,500

2.8M

2016POPULATION:

Growth2016-2021*:

5.9%

1.1M

2016HOUSEHOLDS:

6.5%

Growth2016-2021*:

QUALITY OF LIFE

3

2016 Population by Age

0-4 YEARS

6%5-19 YEARS

20%20-24 YEARS

6%25-44 YEARS

30%45-64 YEARS

26%65+ YEARS

12%

ARTS & ENTERTAINMENT

1348 XANADU ST

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

DEMOGRAPHICS

Source: © 2016 Experian

Created on June 2017

POPULATION 1 Miles 3 Miles 5 Miles

2021 Projection

Total Population 19,768 156,786 389,299

2016 Estimate


2010 Census


2000 Census


Daytime Population

2016 Estimate 21,016 153,048 338,149

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2021 Projection

Total Households 6,570 52,702 146,928

2016 Estimate


Average (Mean) Household Size 2.88 2.80 2.57

2010 Census


2000 Census


HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

2016 Estimate

$250,000 or More 0.84% 0.86% 2.02%

$200,000 - $249,999 0.39% 0.55% 1.38%

$150,000 - $199,999 0.72% 1.85% 3.45%

$125,000 - $149,999 1.75% 2.58% 3.78%

$100,000 - $124,999 3.36% 4.69% 6.74%

$75,000 - $99,999 7.86% 9.37% 11.85%

$50,000 - $74,999 18.07% 17.84% 19.56%

$35,000 - $49,999 17.03% 17.70% 15.37%

$25,000 - $34,999 15.81% 14.54% 11.81%

$15,000 - $24,999 15.40% 13.82% 11.21%

Under $15,000 18.77% 16.20% 12.84%

Average Household Income $47,813 $53,084 $68,201

Median Household Income $35,023 $39,172 $48,662

Per Capita Income $16,400 $18,154 $25,839

25

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

DEMOGRAPHICS


Created on June 2017

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population by Age

0 to 4 Years 8.59% 9.17% 8.38%

5 to 14 Years 16.62% 15.60% 14.70%

15 to 17 Years 3.85% 3.62% 3.50%

18 to 19 Years 2.09% 2.01% 1.99%

20 to 24 Years 8.18% 7.87% 6.95%

25 to 29 Years 9.36% 9.45% 9.05%

30 to 34 Years 8.95% 9.26% 9.16%

35 to 39 Years 7.39% 8.10% 7.94%

40 to 49 Years 11.64% 12.84% 13.06%

50 to 59 Years 9.95% 10.14% 10.78%

60 to 64 Years 3.27% 3.60% 4.51%

65 to 69 Years 3.01% 2.77% 3.47%

70 to 74 Years 2.20% 2.01% 2.38%

75 to 79 Years 1.88% 1.53% 1.70%

80 to 84 Years 1.40% 1.05% 1.18%

Age 85+ 1.62% 1.00% 1.27%

Median Age 30.71 31.20 32.92

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population 25+ by Education Level

2016 Estimate Population Age 25+ 12,255 94,517 241,986

Elementary (0-8) 10.61% 11.27% 7.38%

Some High School (9-11) 13.04% 11.39% 8.39%

High School Graduate (12) 34.57% 30.58% 25.34%

Some College (13-15) 19.59% 20.84% 21.60%

Associate Degree Only 6.14% 6.57% 7.35%

Bachelors Degree Only 9.48% 11.83% 18.07%

Graduate Degree 3.69% 5.09% 10.19%

26

Income

In 2016, the median household income for your selected geography is

$35,023, compare this to the US average which is currently $54,505.

The median household income for your area has changed by 5.85%

since 2000. It is estimated that the median household income in your

area will be $39,234 five years from now, which represents a change

of 12.02% from the current year.

The current year per capita income in your area is $16,400, compare

this to the US average, which is $29,962. The current year average

household income in your area is $47,813, compare this to the US

average which is $78,425.

Population

In 2016, the population in your selected geography is 20,197. The

population has changed by 7.08% since 2000. It is estimated that the

population in your area will be 19,768.00 five years from now, which

represents a change of -2.12% from the current year. The current

population is 50.99% male and 49.01% female. The median age of

the population in your area is 30.71, compare this to the US average

which is 37.68. The population density in your area is 6,419.68 people

per square mile.

Households

There are currently 6,818 households in your selected geography. The

number of households has changed by -2.60% since 2000. It is

estimated that the number of households in your area will be 6,570

five years from now, which represents a change of -3.64% from the

current year. The average household size in your area is 2.88 persons.

Employment

In 2016, there are 8,123 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

49.20% of employees are employed in white-collar occupations in

this geography, and 50.09% are employed in blue-collar occupations.

In 2016, unemployment in this area is 9.66%. In 2000, the average

time traveled to work was 30.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

49.29% White, 17.32% Black, 0.73% Native American and 4.85%

Asian/Pacific Islander. Compare these to US averages which are:

70.77% White, 12.80% Black, 0.19% Native American and 5.36%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 50.26% of the current year

population in your selected area. Compare this to the US average of

17.65%.

PROPERTY NAME

MARKETING TEAM

1348 XANADU ST

Housing

The median housing value in your area was $134,289 in 2016,

compare this to the US average of $187,181. In 2000, there were

3,467 owner occupied housing units in your area and there were

3,533 renter occupied housing units in your area. The median rent at

the time was $563.


DEMOGRAPHICS

27

TRAFFIC COUNT

YEAR COUNT

2013 48,426

2013 10,181

2013 2,491

MARKETING PLAN

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LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX


PRICING AND VALUATION MATRIX


28

MARKET OVERVIEW


offering memorandum -...

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