For more information contact: Broker Associate greg@gcohn.com BRE #00871792 Brett Barron Broker 650-437-5223 brettbarron@capitalrealtygrp.com BRE #00893787 Mike Silva Associate 650-515-2388 msilva@capitalrealtygrp.com BRE #01962674 OFFERED AT: $3,388,000 Stablized Multi-Tenant Investment Property Mixed Use Retail/Office - Quality Construction Highway One Visibility - 2 blocks from Pacific Ocean Popular Tourist Site - 100% Occupied Phone: 650-342-0373 Fax: 650-649-2330 1200 Howard Avenue Suite 204 Burlingame, CA 94010 www.capitalrealtygrp.com
Property Details
Property Description Rockaway Business Park 400 Old County Rd & 200 San Marlo Wy PROPERTY DESCRIPTION: The Rockaway Business Park was developed in 2002 by the current owners and offers the investor a unique opportunity to acquire a quality built mixeduse retail and office property with local character and charm. Situated on a parcel of approximately 7,835 square feet, the business park is comprised of three buildings that total approximately 8,680 square feet of leasable space. Generous off street City Parking is available just south of the property. This multitenanted investment makes the Rockaway Business Park a sound choice for the investor looking to minimize daily management obligations. AREA LOCATION: Located along a six mile stretch of the Northern California coastline with its sandy beaches and rolling hillsides, Pacifica is just 10 minutes south of San Francisco and approximately 45 minutes north of Silicon Valley. The Rockaway Beach District, located just off Highway One, is a popular destination for tourists and Bay Area locals and is the home of the popular Wednesday Farmers Market, Pacifica Chamber of Commerce and Visitors Centers. Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 3 of 24
Executive Summary Client: Rockaway Business Park LLC Property Location: 400 Old County Road Property Type: Office/Retail Building (Multi Story) Assessors Parcel Number: 022 027 260 Zoning: C1 CZ (Neighborhood Commercial Coastal Zone) Present Use: Office/Retail Building Size: Approximately 8,680 sq. ft. Land Area: Approximately 7,835 sq. ft. Interest Appraised: Fee Simple Assessed Value: $1,428,518 Assessed Improved Value: $1,181,472 Assessed Land Value: $247,046 Tax Year: 2014 15 Tax Amount: $19,100.52 Assessed Improved %: 82.71%
= M E T R O S C A N P R O P E R T Y P R O F I L E = San Mateo (CA) ======= OWNERSHIP INFORMATION ======= Parcel Number : 022 027 260 Owner : Rockaway Business Park LLC CoOwner : Site Address : 400 Old County Rd Pacifica 94044 Mail Address : 274 Redwood Shores Pkwy #539 Redwood City Ca 94065 Owner Phone : ======= SALES AND LOAN INFORMATION ======= Transferred : Loan Amount : Document # : Lender : Sale Price : Loan Type : Deed Type : Interest Rate : % Owned : Vesting Type : ======= ASSESSMENT AND TAX INFORMATION ======= Land : $247,046 Exempt Type : Structure : $1,181,472 Exempt Amount : Other : Tax Rate Area : 016021 Total : $1,428,518 14-15 Taxes : $19,101.52 % Improved : 83 ======= PROPERTY DESCRIPTION ======= MLS Area : 655 Map Grid : Census :Tract: 6032.00 Block: 4 Property Use: Zoning : Land Use : 18 Com,Office Building,2+ Stories Subplat : Rockaway Beach Legal : LOTS 36, 37, 38 BLK 5 ROCKAWAY : BEACH AMEND & SUPP RSM 5/45 : ======= PROPERTY CHARACTERISTICS ======= Total Rms: Stories : 2 Lot Acres :.18 Bedrooms : Bldg Sq Ft : 8,680 Lot SqFt : 7,835 Bathrooms: Year Built : 2002 Lot Dimension : DiningRms: Eff Yr Built: Useable Lot SF : FamilyRms: Bldg Cond : Carport : Lvng Room: Bldg Style : Garage Space : Kitchen : Bldg Matl : Garage Type : BrkfastRm: Roof Matl : Garage Sq Ft : Util Room: Flr Cover1 : Unit Type : Den : Flr Cover2 : View : Attic : Foundation : Improve Type : FrmlEntry: Pool : Quality Class : Good BsmntType: Patio : Topography : Units : 6 Deck : Lot Location : AirMethod: Dishwasher : Sewer/Septic : Heat Type: Range/Oven : Tennis Court : Heat Srce: Microwave : Fire Sprnklrs : Fireplace: GrbgDisposal: Intercom : Bsmt SqFt: Security : MH Make : BsmtFinSF: Elevator : MH Wid X Len : BsmtUnfSF: Bldg Type : Waterfront : Recreatn : AvgStrHgt : 12.0 Other Rms: ======= EXTRA FEATURES ====== 1. 4. 7. 2. 5. 8. 3. 6. Information compiled from various sources. CoreLogic makes no representations or warranties as to the accuracy or completeness of information contained in this report.
Property Photos RETAIL / OFFICE INVESTMENT Rockaway Business Park 400 Old County Road BLD - A 400 Old County Road BLD - A & B 400 Old County Road BLD - B 200 San Marlo Way 200 San Marlo Way 200 San Marlo Way Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 7 of 24
Maps and Aerials Rockaway Beach Business Park MAPS AREA MAP STREET MAP Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 8 of 24
Maps and Aerials Rockaway Beach Business Park AERIALS AREA AERIAL BUILDING AERIAL Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 9 of 24
Property Financials
Executive Summary ACQUISITION COSTS Purchase Price, Points and Closing Costs $3,414,940 Investment - Cash $1,720,940 First Loan $1,694,000 INVESTMENT INFORMATION Purchase Price $3,388,000 Price per Tenant $308,000 Price per Sq. Ft. $390.32 INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $197,067 Total Vacancy and Credits ($5,912) Operating Expenses ($64,525) Net Operating Income $126,631 Debt Service ($112,990) Cash Flow Before Taxes $13,641 Total Interest (Debt Service) ($75,462) Depreciation and Amortization ($84,166) Taxable Income (Loss) ($32,998) Tax Savings (Costs) $12,539 Cash Flow After Taxes $26,180 FINANCIAL INDICATORS Cash on Cash Return Before Taxes 0.79% Optimal Internal Rate of Return (yr 5) 2.78% Debt Coverage Ratio 1.12 Capitalization Rate 3.74% Gross Income / Square Feet $22.70 Gross Expenses / Square Feet ($7.43) Operating Expense Ratio 33.76% Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 11 of 24
Pro Forma Summary TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market TOTALS $195,131 $235,800 INVESTMENT SUMMARY Price: $3,388,000 Year Built: 2002 Tenants: 11 RSF: 8,680 Price/RSF: $390.32 ANNUALIZED INCOME Actual Market Gross Potential Rent $195,131 $235,800 Less: Vacancy ($5,912) ($7,074) Effective Gross Income $189,219 $228,726 Less: Expenses ($64,525) ($64,525) Net Operating Income $124,695 $164,201 Debt Service ($112,990) ($112,990) Net Cash Flow after Debt Service $11,705 $51,212 Principal Reduction $37,527 $37,527 Total Return $49,232 $88,739 Lot Size: 7,835 sf Floors: 2 APN: 022-027-260 Cap Rate: 3.68% Market Cap Rate: 4.85% FINANCING SUMMARY Loan Amount: $1,694,000 Down Payment: $1,694,000 Loan Type: Fixed Interest Rate: 4.5% Term: 25 years Monthly Payment: $9,416 DCR: 1.1 ANNUALIZED EXPENSES Actual Market Utility - Water $955 $955 Utility - Sewer $1,089 $1,089 Utility - PGE $941 $941 Telephone $2,157 $2,157 Taxes - Real Estate (1.13%) $38,284 $38,284 Supplies $152 $152 Security $980 $980 Repairs & Maintenance $2,338 $2,338 Misc $100 $100 Management Fees $9,734 $9,734 Licenses & Fees $296 $296 Landscaping $1,440 $1,440 Janitorial $1,699 $1,699 Cleaning & Maintenance $550 $550 Building Insurance $3,393 $3,393 Bank Charges $418 $418 Total Expenses $64,525 $64,525 Expenses Per RSF $7.43 $7.43 Expenses per 2014 actual, except property taxes at 1.13% value + vacancy factor of 3%. Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 12 of 24
Tenant Mix Report TENANT MIXES Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly 400-1 A Grape in the Fog 1152 $2,575 $2,575 $2,700 $2,700 400-2 Coldwell Banker - 1152 $2,215 $2,215 $2,600 $2,600 400-3 Rockaway 1152 $2,060 $2,060 $2,200 $2,200 400-4 De Vera 1152 $1,273 $1,273 $2,200 $2,200 400-9 Raina Beach CMT 256 $750 $750 $750 $750 400-10 Cynthia Hall 256 $550 $550 $600 $600 400-11 Brian Kingston 256 $550 $550 $600 $600 200-1 Brett Needleman 1152 $1,354 $1,354 $2,000 $2,000 200-2 Norma Lambert 1152 $1,698 $1,698 $2,000 $2,000 200-3 Study Log 1152 $2,000 $2,000 $2,000 $2,000 200-4 Study Log 1152 $1,236 $1,236 $2,000 $2,000 11 9,984 $16,261 $19,650 TENANT MIX TENANT MIX SQUARE FEET TENANT MIX INCOME A Grape in the Fog Coldwell Banker - Fahey Properties Rockaway Construction De Vera Therapeutic Raina Beach CMT Cynthia Hall Brian Kingston Brett Needleman Norma Lambert McLeod Esq. Study Log Study Log A Grape in the Fog Coldwell Banker - Fahey Propertie Rockaway Construction De Vera Therapeutic Raina Beach CMT Cynthia Hall Brian Kingston Brett Needleman Norma Lambert McLeod Esq. Study Log TENANT MIX MARKET INCOME Study Log A Grape in the Fog A Grape in the Fog Coldwell Banker - Fahey Properties Coldwell Banker - Fahey Propertie Rockaway Construction Rockaway Construction De Vera Therapeutic De Vera Therapeutic Raina Beach CMT Raina Beach CMT Cynthia Hall Cynthia Hall Brian Kingston Brian Kingston Brett Needleman Brett Needleman Norma Lambert McLeod Esq. Norma Lambert McLeod Esq. Study Log Study Log Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. Study Log Study Log page 13 of 24
Lease Rent Roll Suite Tenant Start Date Expire Date RSF $/RSF Annualized Rent Tenant Improvements Commissions Renewal Term Renewal Increase Notes 400-1 A Grape in the Fog 10/15/2009 09/30/2018 1,152 $27.29 $31,441 $0.00 $0.00 1 year $954.81 Space includes common patio area seating 400-2 Coldwell Banker - Fahey Properties 12/01/2009 11/30/2019 1,152 $23.36 $26,912 $0.00 $0.00 1 year $845.96 Tenant executed 5 year option to extend term with 3% annual increases beginning 12-1-14 through 11-30-19 400-3 Rockaway Construction 08/15/2009 07/31/2020 1,152 $21.46 $24,720 $0.00 $0.00 1 year $786.76 400-4 De Vera Therapeutic 09/26/2014 12/31/2017 1,152 $13.39 $15,429 $0.00 $0.00 1 year $458.28 Tenant has one 5 year option to extend term with 3% annual increases beginning 1o-1-12 through 5-31-17 400-9 Raina Beach CMT 05/01/2017 04/30/2018 256 $35.16 $9,000 $0.00 $0.00 1 year $270.00 Tenant has 2 (3)year options to extend term at market rate 400-10 Cynthia Hall 02/14/2017 04/13/2018 256 $25.78 $6,600 $0.00 $0.00 1 year $198.00 No Options 400-11 Brian Kingston 02/01/2017 01/31/2018 256 $25.97 $6,650 $0.00 $0.00 1 year $198.00 Month to month agreement. Also leases unit 400 #1 on lease through 10-31-19 200-1 Brett Needleman 03/01/2014 12/31/2017 1,152 $14.25 $16,410 $0.00 $0.00 1 year $487.44 Month to month agreement 200-2 Norma Lambert McLeod Esq. 07/01/2008 06/30/2018 1,152 $18.13 $20,885 $0.00 $0.00 1 year $629.59 Tenant has one 5 year option to extend lease on July 1, 2012 through June 30 2017 200-3 Study Log 09/01/2015 01/31/2020 1,152 $20.99 $24,180 $0.00 $0.00 1 year $763.85 200-4 Study Log 01/01/2014 01/31/2020 1,152 $12.88 $14,841 $0.00 $0.00 1 year $0.00 Option to extend negociable Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 14 of 24
Investment Analysis
Real Estate Investment Details Analysis Analysis Date May 2017 Property Property Property Address Year Built 2002 RETAIL / OFFICE INVESTMENT Purchase Information Property Type Commercial Financial Information Down Payment $1,694,000 Purchase Price $3,388,000 Closing Costs $10,000 Tenants 11 LT Capital Gain 20.00% Total Rentable Sq. Ft. 8,680 Federal Tax Rate 28.0% State Tax Rate 10.0% Discount Rate 8.00% Loans Type Debt Term Amortization Rate Payment LO Costs Fixed $1,694,000 25 years 25 years 4.5% $9,416 $16,940 Income & Expenses Gross Operating Income $191,155 Monthly GOI $15,930 Total Annual Expenses ($64,525) Monthly Expenses ($5,377) Contact Information greg@gcohn.com BRE #00871792 Brett Barron 650-437-5223 brettbarron@capitalrealtygrp.com BRE #00893787 Mike Silva 650-515-2388 msilva@capitalrealtygrp.com BRE #01962674 The information contained herein has been obtained from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage and age are approximate. All information should be verified prior to purchase or sale. page 16 of 24
Cash Flow Analysis Description Year 1 Year 2 Year 3 Year 4 Year 5 GROSS SCHEDULED INCOME $197,067 $202,385 $208,037 $213,831 $219,799 General Vacancy ($5,912) ($6,072) ($6,241) ($6,415) ($6,594) Total Operating Expenses ($64,525) ($65,421) ($66,332) ($67,257) ($68,197) NET OPERATING INCOME $126,631 $130,892 $135,464 $140,159 $145,008 Loan Payment ($112,990) ($112,990) ($112,990) ($112,990) ($112,990) NET CASH FLOW (b/t) $13,641 $17,902 $22,474 $27,169 $32,018 Cash On Cash Return b/t 0.79% 1.04% 1.31% 1.58% 1.86% NET OPERATING INCOME $126,631 $130,892 $135,464 $140,159 $145,008 Depreciation ($83,489) ($87,125) ($87,125) ($87,125) ($83,500) Amortization ($678) ($678) ($678) ($678) ($678) Loan Interest ($75,462) ($73,738) ($71,935) ($70,049) ($68,076) TAXABLE INCOME (LOSS) ($32,998) ($30,649) ($24,274) ($17,692) ($7,246) Income Taxes $12,539 $11,647 $9,224 $6,723 $2,753 CASH FLOW (a/t) $26,180 $29,549 $31,698 $33,892 $34,772 Cash On Cash Return a/t 1.52% 1.72% 1.84% 1.97% 2.02% Footnotes: b/t = before taxes;a/t = after taxes Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 17 of 24
Financial Indicators Description Year 1 Year 2 Year 3 Year 4 Year 5 Gross Rent Multiplier 17.25 16.80 16.34 15.90 15.47 Capitalization Rate 3.74% 3.86% 4.00% 4.14% 4.28% Cash On Cash Return b/t 0.79% 1.04% 1.31% 1.58% 1.86% Cash On Cash Return a/t 1.52% 1.72% 1.84% 1.97% 2.02% Debt Coverage Ratio 1.12 1.16 1.20 1.24 1.28 Gross Income per Sq. Ft. $22.70 $23.32 $23.97 $24.63 $25.32 Expenses per Sq. Ft. ($7.43) ($7.54) ($7.64) ($7.75) ($7.86) Net Income Multiplier 26.85 25.98 25.10 24.26 23.45 Operating Expense Ratio 33.76% 33.32% 32.87% 32.43% 31.99% Loan To Value Ratio 48.72% 47.57% 46.36% 45.09% 43.77% Footnotes: b/t = before taxes; a/t = after taxes Information & calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness. page 18 of 24
Demographics
Demographic Summary Report Building Type: Class: RBA: Typical Floor: Class B Office B 1,000 SF 543 SF Bldg B 400 Old County Rd, Total Available: % Leased: Rent/SF/Mo: 0 SF 100% - Radius 1 Mile 3 Mile 5 Mile Population 2022 Projection 4,086 47,951 177,926 2017 Estimate 3,889 45,554 169,904 2010 Census 3,576 41,401 159,297 Growth 2017-2022 5.07% 5.26% 4.72% Growth 2010-2017 8.75% 10.03% 6.66% 2017 Population by Hispanic Origin 517 7,146 34,115 2017 Population 3,889 45,554 169,904 White 3,013 77.47% 28,674 62.95% 82,239 48.40% Black 48 1.23% 1,018 2.23% 4,313 2.54% Am. Indian & Alaskan 21 0.54% 345 0.76% 1,276 0.75% Asian 531 13.65% 12,116 26.60% 70,721 41.62% Hawaiian & Pacific Island 26 0.67% 549 1.21% 2,780 1.64% Other 250 6.43% 2,852 6.26% 8,576 5.05% U.S. Armed Forces 0 41 81 Households 2022 Projection 1,528 17,201 61,996 2017 Estimate 1,458 16,371 59,213 2010 Census 1,357 14,997 55,426 Growth 2017-2022 4.80% 5.07% 4.70% Growth 2010-2017 7.44% 9.16% 6.83% Owner Occupied 1,192 81.76% 11,908 72.74% 38,813 65.55% Renter Occupied 266 18.24% 4,463 27.26% 20,400 34.45% 2017 Households by HH Income 1,457 16,369 59,214 Income: <$25,000 97 6.66% 1,283 7.84% 5,957 10.06% Income: $25,000 - $50,000 137 9.40% 1,961 11.98% 7,817 13.20% Income: $50,000 - $75,000 160 10.98% 1,914 11.69% 7,900 13.34% Income: $75,000 - $100,000 121 8.30% 1,920 11.73% 8,078 13.64% Income: $100,000 - $125,000 179 12.29% 1,883 11.50% 7,360 12.43% Income: $125,000 - $150,000 268 18.39% 2,016 12.32% 6,045 10.21% Income: $150,000 - $200,000 205 14.07% 2,399 14.66% 8,051 13.60% Income: $200,000+ 290 19.90% 2,993 18.28% 8,006 13.52% 2017 Avg Household Income $143,917 $135,396 $120,469 2017 Med Household Income $128,218 $114,690 $99,550 Information deemed reliable, but, not guaranteed Copyrighted report licensed to Capital Realty Group, Inc. - 75321. 5/15/2017 Page 1
Demographic Detail Report Building Type: Class: RBA: Typical Floor: Class B Office B 1,000 SF 543 SF Bldg B 400 Old County Rd, Total Available: % Leased: Rent/SF/Mo: 0 SF 100% - Radius 1 Mile 3 Mile 5 Mile Population 2022 Projection 4,086 47,951 177,926 2017 Estimate 3,889 45,554 169,904 2010 Census 3,576 41,401 159,297 Growth 2017-2022 5.07% 5.26% 4.72% Growth 2010-2017 8.75% 10.03% 6.66% 2017 Population by Age 3,889 45,554 169,904 Age 0-4 196 5.04% 2,480 5.44% 9,936 5.85% Age 5-9 209 5.37% 2,409 5.29% 9,250 5.44% Age 10-14 223 5.73% 2,452 5.38% 8,947 5.27% Age 15-19 219 5.63% 2,403 5.28% 8,636 5.08% Age 20-24 211 5.43% 2,511 5.51% 9,389 5.53% Age 25-29 206 5.30% 2,838 6.23% 11,555 6.80% Age 30-34 199 5.12% 2,979 6.54% 12,791 7.53% Age 35-39 210 5.40% 2,929 6.43% 12,229 7.20% Age 40-44 254 6.53% 2,995 6.57% 11,461 6.75% Age 45-49 298 7.66% 3,259 7.15% 11,547 6.80% Age 50-54 340 8.74% 3,599 7.90% 12,295 7.24% Age 55-59 356 9.15% 3,705 8.13% 12,398 7.30% Age 60-64 322 8.28% 3,359 7.37% 11,251 6.62% Age 65-69 253 6.51% 2,746 6.03% 9,446 5.56% Age 70-74 155 3.99% 1,863 4.09% 6,697 3.94% Age 75-79 97 2.49% 1,257 2.76% 4,776 2.81% Age 80-84 67 1.72% 849 1.86% 3,389 1.99% Age 85+ 75 1.93% 918 2.02% 3,912 2.30% Age 65+ 647 16.64% 7,633 16.76% 28,220 16.61% Median Age 45.30 43.00 41.00 Average Age 41.90 41.30 40.60 Information deemed reliable, but, not guaranteed Copyrighted report licensed to Capital Realty Group, Inc. - 75321. 5/15/2017 Page 2
Demographic Detail Report Bldg B 400 Old County Rd, Radius 1 Mile 3 Mile 5 Mile 2017 Population By Race 3,889 45,554 169,904 White 3,013 77.47% 28,674 62.95% 82,239 48.40% Black 48 1.23% 1,018 2.23% 4,313 2.54% Am. Indian & Alaskan 21 0.54% 345 0.76% 1,276 0.75% Asian 531 13.65% 12,116 26.60% 70,721 41.62% Hawaiian & Pacific Island 26 0.67% 549 1.21% 2,780 1.64% Other 250 6.43% 2,852 6.26% 8,576 5.05% Population by Hispanic Origin 3,889 45,554 169,904 Non-Hispanic Origin 3,371 86.68% 38,408 84.31% 135,790 79.92% Hispanic Origin 518 13.32% 7,146 15.69% 34,114 20.08% 2017 Median Age, Male 43.90 41.40 39.40 2017 Average Age, Male 40.90 40.20 39.30 2017 Median Age, Female 46.30 44.50 42.60 2017 Average Age, Female 42.80 42.30 41.80 2017 Population by Occupation 3,217 37,732 140,048 Classification Civilian Employed 2,298 71.43% 25,434 67.41% 93,139 66.51% Civilian Unemployed 42 1.31% 754 2.00% 3,226 2.30% Civilian Non-Labor Force 877 27.26% 11,505 30.49% 43,606 31.14% Armed Forces 0 0.00% 39 0.10% 77 0.05% Households by Marital Status Married 828 9,110 31,366 Married No Children 468 5,303 18,311 Married w/children 360 3,807 13,055 2017 Population by Education 3,098 35,193 132,176 Some High School, No Diploma 171 5.52% 2,216 6.30% 11,784 8.92% High School Grad (Incl Equivalency) 426 13.75% 6,275 17.83% 24,000 18.16% Some College, No Degree 919 29.66% 11,479 32.62% 41,850 31.66% Associate Degree 268 8.65% 1,896 5.39% 8,431 6.38% Bachelor Degree 828 26.73% 8,926 25.36% 33,584 25.41% Advanced Degree 486 15.69% 4,401 12.51% 12,527 9.48% Information deemed reliable, but, not guaranteed Copyrighted report licensed to Capital Realty Group, Inc. - 75321. 5/15/2017 Page 3
Demographic Detail Report Bldg B 400 Old County Rd, Radius 1 Mile 3 Mile 5 Mile 2017 Population by Occupation 4,304 49,265 183,199 Real Estate & Finance 182 4.23% 1,956 3.97% 6,744 3.68% Professional & Management 1,385 32.18% 14,743 29.93% 48,735 26.60% Public Administration 140 3.25% 1,785 3.62% 5,164 2.82% Education & Health 499 11.59% 5,921 12.02% 21,766 11.88% Services 485 11.27% 4,125 8.37% 16,785 9.16% Information 58 1.35% 733 1.49% 2,521 1.38% Sales 480 11.15% 6,009 12.20% 24,823 13.55% Transportation 159 3.69% 2,040 4.14% 10,066 5.49% Retail 129 3.00% 2,654 5.39% 11,164 6.09% Wholesale 9 0.21% 671 1.36% 2,381 1.30% Manufacturing 145 3.37% 1,278 2.59% 5,448 2.97% Production 117 2.72% 1,857 3.77% 8,340 4.55% Construction 127 2.95% 2,049 4.16% 6,135 3.35% Utilities 132 3.07% 1,671 3.39% 7,664 4.18% Agriculture & Mining 13 0.30% 119 0.24% 282 0.15% Farming, Fishing, Forestry 14 0.33% 87 0.18% 159 0.09% Other Services 230 5.34% 1,567 3.18% 5,022 2.74% 2017 Worker Travel Time to Job 2,113 24,030 90,142 <30 Minutes 1,082 51.21% 12,646 52.63% 51,226 56.83% 30-60 Minutes 899 42.55% 9,361 38.96% 32,041 35.55% 60+ Minutes 132 6.25% 2,023 8.42% 6,875 7.63% 2010 Households by HH Size 1,357 14,996 55,426 1-Person Households 284 20.93% 3,093 20.63% 12,283 22.16% 2-Person Households 458 33.75% 4,906 32.72% 16,583 29.92% 3-Person Households 248 18.28% 2,786 18.58% 9,816 17.71% 4-Person Households 260 19.16% 2,547 16.98% 8,825 15.92% 5-Person Households 72 5.31% 970 6.47% 4,146 7.48% 6-Person Households 27 1.99% 405 2.70% 1,890 3.41% 7 or more Person Households 8 0.59% 289 1.93% 1,883 3.40% 2017 Average Household Size 2.60 2.70 2.80 Households 2022 Projection 1,528 17,201 61,996 2017 Estimate 1,458 16,371 59,213 2010 Census 1,357 14,997 55,426 Growth 2017-2022 4.80% 5.07% 4.70% Growth 2010-2017 7.44% 9.16% 6.83% Information deemed reliable, but, not guaranteed Copyrighted report licensed to Capital Realty Group, Inc. - 75321. 5/15/2017 Page 4
Demographic Detail Report Bldg B 400 Old County Rd, Radius 1 Mile 3 Mile 5 Mile 2017 Households by HH Income 1,457 16,369 59,214 <$25,000 97 6.66% 1,283 7.84% 5,957 10.06% $25,000 - $50,000 137 9.40% 1,961 11.98% 7,817 13.20% $50,000 - $75,000 160 10.98% 1,914 11.69% 7,900 13.34% $75,000 - $100,000 121 8.30% 1,920 11.73% 8,078 13.64% $100,000 - $125,000 179 12.29% 1,883 11.50% 7,360 12.43% $125,000 - $150,000 268 18.39% 2,016 12.32% 6,045 10.21% $150,000 - $200,000 205 14.07% 2,399 14.66% 8,051 13.60% $200,000+ 290 19.90% 2,993 18.28% 8,006 13.52% 2017 Avg Household Income $143,917 $135,396 $120,469 2017 Med Household Income $128,218 $114,690 $99,550 2017 Occupied Housing 1,458 16,371 59,213 Owner Occupied 1,192 81.76% 11,908 72.74% 38,813 65.55% Renter Occupied 266 18.24% 4,463 27.26% 20,400 34.45% 2010 Housing Units 1,491 16,780 61,018 1 Unit 1,351 90.61% 14,048 83.72% 43,144 70.71% 2-4 Units 44 2.95% 664 3.96% 3,611 5.92% 5-19 Units 61 4.09% 1,054 6.28% 5,330 8.74% 20+ Units 35 2.35% 1,014 6.04% 8,933 14.64% 2017 Housing Value 1,192 11,910 38,813 <$100,000 3 0.25% 127 1.07% 660 1.70% $100,000 - $200,000 0 0.00% 27 0.23% 799 2.06% $200,000 - $300,000 7 0.59% 55 0.46% 1,020 2.63% $300,000 - $400,000 8 0.67% 265 2.23% 1,261 3.25% $400,000 - $500,000 47 3.94% 575 4.83% 2,284 5.88% $500,000 - $1,000,000 885 74.24% 9,464 79.46% 28,258 72.81% $1,000,000+ 242 20.30% 1,397 11.73% 4,531 11.67% 2017 Median Home Value $799,999 $759,192 $736,791 2017 Housing Units by Yr Built 1,492 16,858 61,675 Built 2010+ 101 6.77% 1,363 8.09% 4,310 6.99% Built 2000-2010 76 5.09% 367 2.18% 2,710 4.39% Built 1990-1999 163 10.92% 816 4.84% 2,282 3.70% Built 1980-1989 109 7.31% 1,151 6.83% 4,291 6.96% Built 1970-1979 93 6.23% 2,519 14.94% 11,528 18.69% Built 1960-1969 211 14.14% 4,468 26.50% 13,324 21.60% Built 1950-1959 596 39.95% 4,822 28.60% 15,678 25.42% Built <1949 143 9.58% 1,352 8.02% 7,552 12.24% 2017 Median Year Built 1959 1964 1965 Information deemed reliable, but, not guaranteed Copyrighted report licensed to Capital Realty Group, Inc. - 75321. 5/15/2017 Page 5