Gateway Drive Vacant Land 1150 Gateway Drive, Melbourne FL 32901
O F F E R I N G M E M O R A N D U M Gateway Drive Vacant Land
CONTENTS
01 Executive Summary Investment Summary 4 Location Summary 5
02 Property Description Property Features 6 Aerial Map 7 Retail Competition Aerial 8 Property Aerial & AADT 9
03 Demographics Demographics 10 Demographic Charts 11
Exclusively Marketed by:
Brian Capo Managing Partner (407) 404-1846 License # FL SL3267919 [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Gateway Drive Vacant Land Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from FL Retail Advisors and it should not be made available to any other person or entity without the written consent of FL Retail Advisors.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to FL Retail Advisors. This offering memorandum has been prepared to provide summary, unverified financial and physical 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. FL Retail Advisors 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 of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or 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 offering memorandum has been obtained from sources we believe reliable; however, FL Retail Advisors has not verified, and will not verify, any of the information contained herein, nor has FL Retail Advisors 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT FL RETAIL ADVISORS FOR MORE DETAILS. Copyright © 2019 , LLC. All Rights Reserved. Gateway Drive Vacant Land Investment Summary | 04
OFFERING SUMMARY ADDRESS 1150 Gateway Drive Melbourne FL 32901 COUNTY Brevard OFFERING PRICE $19,900,000 PRICE PSF $19.66 LAND SF 1,012,334 SF OWNERSHIP TYPE Fee Simple ZONING TYPE M1 # OF PARCELS 2
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2018 Population 1,632 56,457 129,757 Subject property is comprised of two adjacent rectangular-shaped parcels 2018 Median HH Income $48,046 $43,807 $45,001 totaling 23.24±Acres with frontage to Nasa Boulevard and exposed to a combined traffic count of 53,200± vehicles per day. The Subject is located 2018 Average HH Income $66,150 $60,538 $64,165 in the heart of Melbourne's Executive District and adjacent to the Orlando- Melbourne International Airport. The subject faces Northrop Grumman's regional corporate campus to its north and Health First's 198,654±SF Immediate Area Experiencing Significant Development Urgent Care facility to it's east. Adjacent to Melbourne International Airport The parcel's are zoned M-1 commercial, which possible uses include but Strategically Located in Melbourne Executive District & are not limited to office / hotel/ retail/ restaurant/ convention center & Surrounded by Corporations such as Northrop Grumman, banking. The subject is also located within an opportunity zone, which can Embraer, Harris Corporation, Health First & GE provide investors with significant tax benefits. Located Within a Designated Opportunity Zone The Property is situated on the southeast corner of Nasa Boulevard (18,200±AADT) to the north, and bordered by Evans Road to the west Only Adjacent Property to Airport Not Owned by Airport (29,500±AADT) and Gateway Drive (5,500±) to its' east. Hard Signalized Corner & Above Average Household Income The Northrop Grumman campus directly across the site to the north now accommodates an estimated 4,000± employees, after they recently Located Adjacent to Aerion Park - $300M Campus, 675 expanded their operations at the campus to include an additional 1,900 New Jobs by 2026 jobs with an average salary of $100K+.
Alongside Northrup Grumman, the Property is also located with one-mile of four of the largest employers in Brevard County: Harris Corporation, Embraer, Health First & Rockwell Collins. Also in close proximity to the Subject is the new $300M Aerion Park, which will incorporate a new global HQ and integrated campus for research, design, production and support of the company's supersonic aircraft. The new project represents a multi-year investment that is expected to generate at least 675 jobs in Florida by 2026. Gateway Drive Vacant Land Location Summary | 05
Regional Map The City of Melbourne is the economic engine of Brevard County, capitalizing on high-tech industries, location on the Space Coast and established relationships with the region's educational and research leaders. Melbourne's historic downtown provides ever increasing entertainment options and unique retail choices. Melbourne's unparalleled natural amenities and a strong sense of community stewardship make the City one of the best places to live, work and raise a family.
The City is located on the central east coast of Florida, in Brevard County. The City currently occupies a land area of 45.1 square miles. The City of Melbourne had a population of 82,011± as of 2017.
Local Economy - Melbourne has a diverse local economy featuring cutting edge communications, electronics, aerospace, advanced security, emerging technologies, medical & service industries, as well as tourism. The City is home to major progressive companies such as Northrop Grumman, Harris Corporation, Rockwell Collins, GE Transportation, Embraer Air, and DRS Technologies. Health First Holmes Regional Medical Center, South Brevard County's major hospital, is located in Melbourne along with Wuesthoff Medical Center. Melbourne continues to be a hub for medical services as specialists and affiliated businesses are located in close proximity to the hospitals.
Facilities for higher education include Florida Institute of Locator Map Technology (FIT), Eastern Florida State College (EFSC), Barry University, Embry-Riddle Aeronautical University, Everest University, Keiser University, Warner Southern College and Webster University.
Melbourne International Airport (MLB)is located approximately 1.5 miles northwest of the City's original business district. The airport has daily flights to Atlanta and Charlotte.
Brevard County is a county in the State of Florida. As of July 1, 2016 the population was 579,130±, making it the 10th largest county in Florida. The official county seat has been located in Titusville since 1894. Brevard County compromises the Palm Bay - Melbourne - Titusville, FL metropolitan statistical area. It is located along the east Florida coast along the Atlantic Ocean. Influenced by the presence of the John F. Kennedy Space Center, Brevard County is also known as Florida's Space Coast. As such, it was designated with the telephone area code of 321. Gateway Drive Vacant Land Property Features | 06
Site Description LAND SF 1,012,334 LAND ACRES 23.24 # OF PARCELS 2 ZONING TYPE M1 COMBINED TRAFFIC COUNTS 53,200 Gateway Drive Vacant Land Aerial Map | 07 Gateway Drive Vacant Land Retail Competition Aerial | 08 Gateway Drive Vacant Land Property Aerial & AADT | 09 Aerion Supersonic and Space Florida announce Aerion Supersonic and Space Florida announce finalization of a multi-million-dollar investment finalization of a multi- million-dollar investment
This morning, Aerion Corporation announced the finalization of a multi-million-dollar Embraer hires four new investment in Aerion Supersonic from Space Florida to accelerate the hiring of Eau Gallie High School employees and development of the company’s new state-of-the-art campus – Aerion Aviation Assembly and Park – in Melbourne, Florida. Fabrication Program graduates
EDC secures health care training grant for METCA from Sutton Properties of Melbourne
RESULTS: EDC BOARD ELECTION 2020
Now Accepting Applications 2020 GrowFL Florida Companies to Watch Awards
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A new development which will be powered by clean energy, Aerion Park will incorporate a new global headquarters and integrated campus for research, design, Archives production and support of the company’s supersonic aircraft. The new project represents a multi-year investment that is expected to generate at least 675 jobs in August 2020 Florida by 2026. July 2020 To see the official press release, visit here. April 2020 Business & Industry Aerospace Company Invests $300 Million, Promises 675 New Jobs in Florida Relocation
Andy Szal May 05, 2020 Share:
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/ A developer of supersonic aircraft recently announced plans to move its headquarters to Florida’s Atlantic Coast — along with nearly 700 new jobs.
Aerion Supersonic said the $300 million Aerion Park campus in Melbourne, Florida, would include a new global headquarters as well as facilities for design, research, manufacturing, and maintenance. The project will create a minimum of 675 jobs in the state by 2026 and is also likely to bring numerous aerospace suppliers to the area.
“We are building the next generation of high-speed transportation networks that will revolutionize global mobility without leaving a carbon footprint on our world,” Aerion Chairman, President, and CEO Tom Vice said in the announcement.
Aerion, established in Reno, Nevada, in 2003, introduced a 12-passenger business jet capable of traveling more than 1,000 miles per hour, the AS2, in 2014. The company, which partnered with Boeing early last year, says the AS2 is the world’s first privately built supersonic aircraft.
The company said it selected Melbourne, just south of Cape Canaveral on Florida’s “Space Coast,” after evaluating “a number of potential locations.” Aerion expects to break ground on the campus later this year and begin producing the AS2 in 2023.
Image Credit: Courtesy of Aerion Supersonic.
/ Gateway Drive Vacant Land Airport Future Land Use Map | 04 Space Coast lands in top 10 of prestigious Milken Aerion Supersonic and Space Florida announce Index finalization of a multi- million-dollar investment
Space Coast lands in top 10 of prestigious Milken Index Embraer hires four new Eau Gallie High School SPACE COAST, Fla. (March 02, 2020) – The Palm Bay-Melbourne-Titusville Aviation Assembly and Metropolitan Statistical Area (MSA) has landed number 10 on the Milken Institute’s Best Fabrication Program Performing Cities 2020: Where America’s Jobs are Created and Sustained. This year’s graduates ranking solidifies the Space Coast in the competitive rankings of cities such as Seattle, Austin, San Francisco and more. EDC secures health care training grant for METCA “For the Space Coast to take its place in the top 10 of the Milken Institute’s Best from Sutton Properties of Performing Cities is a testament to how far this community has come since the depths Melbourne of the recession and demise of the Shuttle,” said the Economic Development Commission of Florida’s Space Coast’s (EDC) President and CEO Lynda L. RESULTS: EDC BOARD Weatherman. “Judging by the company we keep, including communities with much ELECTION 2020 larger populations, Brevard County is now considered one of the elite metropolitan economies in the nation.” Now Accepting Applications 2020 GrowFL This year’s number 10 ranking is a jump of 47 spots from the previous year for the Palm Florida Companies to Bay-Melbourne-Titusville MSA, the largest change of the top 10 performing cities. The Watch Awards report sites the metro’s “strong performance in several indicators”, including placing 5th in one-year job growth, 10th in high-tech GDP concentration, and 9th in the number of high-tech industries. In addition, the report attributes several EDC project announcements, including Blue Origin, SpaceX, Boeing, and the relocation of Lockheed View All News Martin’s Fleet Ballistic Missile Headquarters, as strong performance indicators in the high-tech sector.
The Milken Institute’s Best-Performing Cities (BPC) U.S. index measures metropolitan Archives areas’ economic performance using outcomes-based metrics such as job creation, wage gains, and technology developments to evaluate the metros’ relative growth, to August 2020 discover which metro areas offer the greatest opportunities for prosperity and innovation across the nation. Top-performing MSA’s are described to “have cohesive July 2020 strategies allowing them to weather the economic storms and leverage assets more effectively, providing important lessons that are helpful to peer regions.” April 2020 To read the full report and to learn more, visit best-cities.org March 2020 ### January 2020 About the Economic Development Commission of Florida’s Space Coast The Economic Development Commission of Florida’s Space Coast (EDC) is dedicated November 2019 to attracting new business and investment and expanding existing industry throughout the Space Coast, influencing change on government laws and regulations affecting October 2019 economic development, promoting the Space Coast to encourage new investment, supporting efforts of Space Coast military installations, and relaying new programs and September 2019 procedures to assist manufacturing and high-tech companies. The EDC is a private, not- for-profit coalition whose stakeholders are business leaders committed to the August 2019 economic growth and stability of Florida’s Space Coast. Visit www.SpaceCoastEDC.org. July 2019 Image: The Palm Bay-Melbourne-Titusville Metropolitan Statistical Area (MSA) has landed number 10 on the Milken Institute’s Best Performing Cities 2020: Where June 2019 America’s Jobs are Created and Sustained. Source: The Milken Institute April 2019
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POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE 2000 Population 1,602 45,596 107,357 2000 Total Housing 736 21,778 51,393 2010 Population 1,547 52,476 119,295 2010 Total Households 719 22,743 52,706 2018 Population 1,632 56,457 129,757 2018 Total Households 755 24,311 56,957 2023 Population 1,717 60,163 138,601 2023 Total Households 793 25,850 60,694 2018 African American 39 3,857 12,881 2018 Average Household Size 2.12 2.25 2.24 2018 American Indian 9 213 445 2000 Owner Occupied Housing 520 13,342 30,854 2018 Asian 29 2,195 4,581 2000 Renter Occupied Housing 167 6,304 15,917 2018 Hispanic 135 6,011 15,600 2018 Owner Occupied Housing 490 15,553 35,306 2018 White 1,483 46,903 103,463 2018 Renter Occupied Housing 265 8,758 21,651 2018 Other Race 43 1,175 3,488 2018 Vacant Housing 101 3,078 8,056 2018 Multiracial 29 2,087 4,818 2018 Total Housing 856 27,389 65,013 2018-2023: Population: Growth Rate 5.10 % 6.40 % 6.65 % 2023 Owner Occupied Housing 528 16,862 38,649 2023 Renter Occupied Housing 265 8,988 22,045 2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE 2023 Vacant Housing 106 3,148 8,256 less than $15,000 125 3,526 7,568 2023 Total Housing 899 28,998 68,950 $15,000-$24,999 76 3,114 7,393 2018-2023: Households: Growth Rate 4.95 % 6.20 % 6.40 % $25,000-$34,999 76 3,074 7,007 $35,000-$49,999 111 3,684 8,865 $50,000-$74,999 115 4,411 10,332 $75,000-$99,999 90 2,682 6,152 $100,000-$149,999 107 2,588 5,940 $150,000-$199,999 37 689 1,933 $200,000 or greater 17 543 1,767 Median HH Income $48,046 $43,807 $45,001
Average HH Income $66,150 $60,538 $64,165
Source: esri Gateway Drive Vacant Land Demographic Charts | 11
2018 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2018 Population by Race
1 Mile Radius 3 Mile Radius 5 Mile Radius Gateway Drive Vacant Land Demographic Charts | 12
2018 Household Occupancy - 1 Mile Radius
2018 Household Income Average and Median
Average Income Median Income Gateway Drive Vacant Land
Exclusively Marketed by:
Brian Capo Managing Partner (407) 404-1846 License # FL SL3267919 [email protected]
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