Offering Memorandum -...
Transcript of 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
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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
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1348 Xanadu St
Colfax Light Rail Station
1348 XANADU ST
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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
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rentpropertyname1
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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
Close of Escrow 9/22/2015
Sales Price $1,565,000
Down Payment % 39%
Zoning C-MU-20
Price/SF $22.72
Lot Size (Acres) 1.58
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
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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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
Close of Escrow 6/18/2015
Sales Price $1,150,100
Down Payment % 100%
Zoning O1
Price/SF $25.39
Lot Size (Acres) 1.04
Price/Acre $1,105,875
1ST AVE1st Ave, Denver, CO, 80230
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Close of Escrow 9/21/2016
Sales Price $600,000
Price/SF $24.60
Lot Size (Acres) 0.56
Price/Acre $1,071,455
2950 HAVANA ST2950 Havana St, Denver, CO, 80238
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Close of Escrow 6/30/2016
Sales Price $840,100
Zoning M-RX-5
Price/SF $28.00
Lot Size (Acres) 0.69
Price/Acre $1,219,866
9206 E 51ST DR9206 E 51st Dr, Denver, CO, 80238
PROPERTY NAME
MARKETING TEAM
1348 XANADU ST
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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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.
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Close of Escrow 7/8/2016
Sales Price $1,100,000
Zoning I-A
Price/SF $26.81
Lot Size (Acres) 0.94
Price/Acre $1,167,629
FREDDY'S5012 Central Park Blvd, Denver, CO, 80238
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Close of Escrow 12/16/2015
Sales Price $4,200,000
Zoning FBAD 4, Aurora
Price/SF $71.87
Lot Size (Acres) 1.34
Price/Acre $3,130,863
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
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Close of Escrow 8/2/2016
Sales Price $3,600,000
Down Payment % 100%
Zoning PUD
Price/SF $45.16
Lot Size (Acres) 1.83
Price/Acre $1,967,233
NOTES
COURTYARD ABILENE STATION - LOT 2255 N Blackhawk St, Aurora, CO, 80011
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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
PROPERTY NAME1348 XANADU ST
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
PROPERTY NAME1348 XANADU ST
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
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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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
OCCUPANCY: 99% | YEAR BUILT: 2014
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
Unit Type Units SF Rent Rent/SF
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
OCCUPANCY: 95% | YEAR BUILT: 2003
NOTES
Units are individually metered with tenant being responsible for paying all
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
Unit Type Units SF Rent Rent/SF
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
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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OCCUPANCY: 97% | YEAR BUILT: 2008
4
Unit Type Units SF Rent Rent/SF
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
Units are individually metered with tenant being responsible for paying all
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
Common Area Amenities include a Business Center, Clubhouse,
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
There are 115 free Covered Parking Spaces and 200 free Surface Parking
Spaces
GRIFFIS FITZSIMONS SOUTH325 N Sable Blvd, Aurora, CO, 80011
OCCUPANCY: 92% | YEAR BUILT: 2001
5
NOTES
Units are individually metered with tenant being responsible for paying all
utilities.
Unit Amenities include Walk-In Closets, Stainless Steal Appliances, Crown
Molding, Wi-Fi and in-unit Washer/Dryer
Common Area Amenities include a Business Center, Clubhouse,
Controlled Access, Fitness Center, Laundry Facilities, Playground, Pool,
Spa, Sauna, and Storage Space
There are 100 free Covered Parking Spaces and 300 free Surface Parking
Spaces
Unit Type Units SF Rent Rent/SF
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
OCCUPANCY: 95% | YEAR BUILT: 2012
NOTES
This property consists of 211 units, 61 of the units are individually owned
condo's and 150 are apartment rentals.
Units are individually metered with tenant being responsible for paying all
utilities.
Unit Amenities include Granite Countertops, Tile Floors, Walk-In Closets,
Fireplaces, Double Vanities, Stainless Steal Appliances, Storage Units and
in-unit Washer/Dryer
Common Area Amenities include a Business Center, Clubhouse,
Controlled Access, Fitness Center, Pool, Storage Space
There are 200 free Surface Parking Spaces
Unit Type Units SF Rent Rent/SF
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
Total Population 20,197 153,120 375,323
2010 Census
Total Population 18,172 136,613 331,460
2000 Census
Total Population 18,861 124,860 292,479
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
Total Households 6,818 51,404 140,716
Average (Mean) Household Size 2.88 2.80 2.57
2010 Census
Total Households 6,148 46,667 125,477
2000 Census
Total Households 7,000 45,860 114,316
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
Source: © 2016 Experian
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%
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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.
Source: © 2016 Experian
DEMOGRAPHICS
27
TRAFFIC COUNT
YEAR COUNT
2013 48,426
2013 10,181
2013 2,491
MARKETING PLAN
#
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAME1348 XANADU ST
PRICING AND VALUATION MATRIX
PROPERTY NAME1348 XANADU ST
28
MARKET OVERVIEW
Source: © 2016 Experian