Prima Vista Commons - LoopNet · 2018. 9. 17. · Prima Vista Commons ST. LUCIE COUNTY, FL Site...

Prima Vista Commons

OFFERING MEMORANDUM

ST. LUCIE COUNTY, FL

CONFIDENTIALITY AND DISCLAIMER

The 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 and 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, unverified information 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 due diligence 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, the future 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 or asbestos, 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 any tenant’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 be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.


Prima Vista Commons

Marcus & 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 YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT NOTICE

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS

Prima Vista Commons

Prima Vista CommonsST. LUCIE COUNTY, FL

PRICING AND FINANCIAL ANALYSIS

1

Summary

Property Prima Vista Commons

Property Address Lennard RoadSt. Lucie County, FL 34952

Price $2,000,000

Down Payment 100% / $2,000,000

Lot Size (Gross SF) 894,722

Price/SF $2.24

Lot Size (Gross Acres) 20.5400

Price/Acre $97,371

Buildable SF 1

Type of Ownership Fee Simple

PRICING AND FINANCIAL ANALYSISPrima Vista CommonsST. LUCIE COUNTY, FL

Site DescriptionAssessor's Parcel Number 3414-501-0608-150-6

Zoning RM-5

Taxes $64,966

Tax Year 2016

Financing

FIRST TRUST DEED

Loan Type All Cash

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.

Parcel A - 13.83 Acres (120 Units); $13,333/Unit $1,600,000

Parcel B - 6.71 Acres; $59,613/Acre $400,000

FINANCIAL OVERVIEW


PROPERTY DESCRIPTION

Prima Vista Commons consists of approximately 20.54 acres (Parcel A and Parcel B) located at the intersection of Prima Vista Boulevard and Lennard Road in St. Lucie County, Florida. Access to the property is off Lennard Road via an ingress/egress easement that is shared with Parcels A and B.

Parcel A contains approximately 13.83 gross acres (8.81 upland acres) with approximately 1,230 linear feet of frontage on Lennard Road. Parcel A is fully entitled as a 120-unit, age-restricted senior housing community (for rent or for sale product). Parcel B contains approximately 6.71 gross acres with approximately 550 linear feet of frontage on Lennard Road. Parcel B could be re-zoned as an assisted living/memory care facility or medical office use providing "full service" senior living at this location.

The site is conveniently located to the area’s shopping, medical, transportation and entertainment facilities: • 1/4 mile from Publix Supermarket and Walgreens • 3 miles from the Port St. Lucie Civic Center • 3.5 miles from St. Lucie Medical Center • 5.5 miles from the Florida Turnpike • 6 miles from the Towne Center at St. Lucie West • 6.5 miles from Interstate 95 • 8 miles from the Port St. Lucie PGA Golf Village • 9 miles from the Lawnwood Regional Medical Center

Investment Highlights

■ One-Quarter Mile East of Publix AnchoredShopping Center at US Highway 1

■ Close to Shopping, Banking, Medical Facilities,Restaurants, Golf Clubs and Marinas

■ Easy Access to the Florida Turnpike andInterstate 95

■ Twenty Minutes to Atlantic Beaches

3

PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL


INVESTMENT OVERVIEW

4



Looking Northwest Along Lennard Road

Looking Southeast Along Lennard Road

PROPERTY PHOTOS

5


Looking West


Looking North

Subject

PROPERTY PHOTOS

Subject

Local Map Regional Map

6



AREA MAPS

7



AERIAL PHOTO

Parcel B

Parcel A

8



CONCEPTUAL SENIOR HOUSING SITE PLAN

(Parcel A)


DEMOGRAPHIC ANALYSIS

10

DEMOGRAPHIC ANALYSISPrima Vista CommonsST. LUCIE COUNTY, FL


DEMOGRAPHIC REPORT

POPULATION 1 Miles 3 Miles 5 Miles

2021 Projection Total Population 4,011 49,132 128,005

2016 Estimate Total Population 3,467 45,218 115,275

2010 Census Total Population 3,325 43,280 109,993

2000 Census Total Population 2,314 34,659 77,323

Daytime Population 2016 Estimate 3,596 36,326 106,892

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2021 Projection Total Households 1,986 21,253 52,483

2016 Estimate Total Households 1,724 19,397 46,952

Average (Mean) Household Size 1.94 2.3 2.43

2010 Census Total Households 1,653 18,608 44,971

2000 Census Total Households 1,185 14,881 31,642

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

2016 Estimate $250,000 or More 0.82% 0.85% 0.89%

$200,000 - $249,999 0.65% 0.49% 0.68%

$150,000 - $199,999 1.34% 1.79% 1.83%

$125,000 - $149,999 2.26% 2.55% 2.67%

$100,000 - $124,999 4.89% 5.05% 5.95%

$75,000 - $99,999 6.21% 9.99% 10.61%

$50,000 - $74,999 17.11% 21.45% 21.31%

$35,000 - $49,999 16.36% 16.12% 16.72%

$25,000 - $34,999 14.79% 14.87% 13.97%

$15,000 - $24,999 17.93% 14.31% 13.71%

Under $15,000 17.64% 12.52% 11.66%

Average Household Income $48,260 $54,496 $56,614

Median Household Income $34,729 $42,714 $44,784

Per Capita Income $24,252 $23,504 $23,151

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population by Age 0 to 4 Years 3.47% 4.20% 4.66%

5 to 14 Years 7.13% 9.80% 11.06%

15 to 17 Years 1.90% 3.15% 3.51%

18 to 19 Years 1.25% 1.90% 2.00%

20 to 24 Years 4.65% 5.22% 5.29%

25 to 29 Years 5.12% 5.19% 5.30%

30 to 34 Years 4.10% 4.92% 5.24%

35 to 39 Years 4.04% 4.63% 5.10%

40 to 49 Years 8.67% 11.15% 11.88%

50 to 59 Years 11.76% 14.27% 14.03%

60 to 64 Years 8.61% 7.20% 6.73%

65 to 69 Years 9.70% 7.80% 7.25%

70 to 74 Years 7.90% 6.69% 5.98%

75 to 79 Years 7.83% 5.34% 4.70%

80 to 84 Years 6.21% 4.12% 3.51%

Age 85+ 7.66% 4.44% 3.76%

Median Age 58.45 49.88 46.81

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population 25+ by Education Level 2016 Estimate Population Age 25+ 2,829 34,251 84,710

Elementary (0- 8) 4.21% 3.15% 3.41%

Some High School (9- 11) 10.51% 8.85% 8.66%

High School Graduate (12) 35.53% 36.94% 36.03%

Some College (13- 15) 24.62% 25.38% 24.48%

Associate Degree Only 8.43% 9.36% 9.98%

Bachelors Degree Only 8.63% 9.09% 10.61%

Graduate Degree 6.04% 5.69% 5.35%

11



SUMMARY REPORT

Population

In 2016, the population in your selected geography is 115,275. The population has changed by 49.08% since 2000. It is estimated that the population in your area will be 128,005.00 five years from now, which represents a change of 11.04% from the current year. The current population is 48.20% male and 51.80% female. The median age of the population in your area is 46.81, compare this to the US average which is 37.68. The population density in your area is 1,469.53 people per square mile.

Households

There are currently 46,952 households in your selected geography. The number of households has changed by 48.39% since 2000. It is estimated that the number of households in your area will be 52,483 five years from now, which represents a change of 11.78% from the current year. The average household size in your area is 2.43 persons.

Income

In 2016, the median household income for your selected geography is $44,784, compare this to the US average which is currently $54,505. The median household income for your area has changed by 23.32% since 2000. It is estimated that the median household income in your area will be $51,638 five years from now, which represents a change of 15.30% from the current year.

The current year per capita income in your area is $23,151, compare this to the US average, which is $29,962. The current year average household income in your area is $56,614, compare this to the US average which is $78,425.

Race and Ethnicity

The current year racial makeup of your selected area is as follows: 77.61% White, 13.43% Black, 0.07% Native American and 1.86% 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 16.52% of the current year population in your selected area. Compare this to the US average of 17.65%.

Housing

The median housing value in your area was $133,242 in 2016, compare this to the US average of $187,181. In 2000, there were 25,821 owner occupied housing units in your area and there were 5,821 renter occupied housing units in your area. The median rent at the time was $592.

Employment

In 2016, there are 37,015 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 57.33% of employees are employed in white-collar occupations in this geography, and 42.54% are employed in blue-collar occupations. In 2016, unemployment in this area is 6.80%. In 2000, the average time traveled to work was 29.00 minutes.


OFFERING MEMORANDUM

Prima Vista Commons

Offices Throughout the U.S. and Canadawww.MarcusMillichap.com

Exclusively Listed By:

Paul BouldinVice President Investments

Senior Director, National Land GroupTampa Office

License: FL: BK236288Tel: (813) 387-4747Fax: (813) 387-4710

[email protected]/PaulBouldin

Prima Vista Commons - LoopNet · 2018. 9. 17. · Prima Vista Commons ST. LUCIE COUNTY, FL Site...

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