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Huntsville, Alabama Confidentiality & Disclaimer Times Plaza - Huntsville, Al TIMES PLAZA HUNTSVILLE, ALABAMA CONFIDENTIALITY & DISCLAIMER TIMES PLAZA - HUNTSVILLE, AL he information contained in the following package is proprietary and strictly confidential. It is intended to be T reviewed only by the party receiving it from Crunkleton Commercial Real Estate Group and should not be made available to any other person or entity without the written consent of Crunkleton Commercial Real Estate Group. This information has been prepared to provide a summary for the purposed refinance of the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Crunkleton Commercial Real Estate Group 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. All potential candidates must take appropriate measures to verify all of the information set forth herein. ABOUT THE PROJECT TOTAL AVAILABLE SF: 67,015 SF • 35,286 SF Of Office Space • 31,729 SF Of Retail Space TOTAL PARKING SPACES: 411 ZONING: City Of Huntsville: HI - Heavy Industry GPS COORDINATES: 34.714438, -86.590339 LOCATION: Centrally located between Huntsville’s only Whole Foods Market and bustling Downtown Huntsville. THE LOCATION 2317 S. Memorial Parkway TIMES PLAZA Huntsville, AL 35801 34.714438, -86.590339 ABOUT THE AREA • Located in the heart of Highway 231’s (Memorial Parkway) busiest retail corridor. • Over 116,200 vehicles pass by the site’s location every day. • Situated adjacent to Huntsville’s first and only Whole Foods Market and Huntsville High School, which has a student/ teacher population of over 1,924 people. • Located just down the street from the site is Parkway Place Mall, Huntsville’s largest indoor shopping mall featuring retailers such as: William Sonoma, Pottery Barn, Belk, and Brookstone. • Minutes from the thriving Downtown Huntsville area, home to an abundance of restaurants, museums, concerts, and free community events. • Adjacent retail tenants in the area currently include: Whole Foods, Farm Burger, Mountain High Outfitters, Lululemon, Maki Fresh, Local Taco, Amazing Lash Studio, Spazio, ENVY Boutique, Regions Bank, Orange Theory Fitness, Chuy’s, Ulta Beauty, and more. PROPERTY HIGHLIGHTS • Located within minutes of Huntsville’s most high- traffic areas—Downtown Huntsville, Lowe Mill ARTS & Entertainment, and the Huntsville Hospital medical district. • Easily accessible via Memorial Parkway, in addition to via Marketplace Dr. in the rear of the building. • In an area with a total daytime population of more than 205,900 people. • Spaces for boutique shopping, fitness, restaurants, and offices. CURRENT 2016 DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 5,523 63,062 119,970 Households 2,574 28,200 51,659 Avg Household Income $52,691 $60,616 $61,708 PROJECTED 2021 DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 5,751 65,211 123,982 Households 2,680 29,198 53,507 Avg Household Income $50,183 $62,941 $64,390 TRAFFIC COUNTS Avg Vehicles Per Day 116,200 ± On Highway 231 DEVELOPMENT SITE MAP VANDERBILT DR. TIMES PLAZA HIGHWAY 231 M A R K E T P L. WALK MERCHANTS BOB WALLACE AVE. BOB WALLACE AVE. BOB WALLACE AVE. HIGHWAY 231 PHOTOS OF DEVELOPMENT DEVELOPMENT SITE MAP - FIRST FLOOR FIRST - MAP SITE DEVELOPMENT 5,676 sf 5,676 1,007 sf 1,038 sf 1,021 sf 2,546 sf HIGHWAY 231 2,275 sf 2,100 sf 2,100 sf DEVELOPMENT SITE MAP - SECOND FLOOR 11,703 SF AVAILABLE DEVELOPMENT SITE MAP - THIRD FLOOR 11,703 SF FULLY LEASED DEVELOPMENT SITE MAP - FOURTH FLOOR 8,644 SF 3,059 SF LEASED AVAILABLE HUNTSVILLE QUICK FACTS Second largest MSA in the state of Alabama with over 441,700 people in the metro statistical area. Huntsville has been officially chosen as the next Gig City, with Google Fiber expanding into the Huntsville market between 2017 and 2020. Huntsville is one of the Top 30 fastest growing major metros in the country. Huntsville has had an average annual growth rate of 1.3 percent since 2000, putting it on track to become the largest city in all of Alabama within the next decade. Huntsville has one of the highest percentages of people with college degrees in the US – more than one out of every three adults has one. Most craft breweries per capita in all of Alabama. HUNTSVILLE’S MAIN ECONOMIC DRIVERS n k l DEFENSE TECHNOLOGY FED GOVERNMENT RESEARCH THE GREATER HUNTSVILLE TRADE AREA HUNTSVILLE, ALABAMA For more than 200 years, beautiful Huntsville, Alabama, nestled in the foothills of the Appalachian Mountains has attracted tourists, transfers, retirees and young professionals seeking opportunities of big city with small town hospitality. Home to NASA’s Marshall Space Flight Center, state-of-the-art medical facilities and the second largest research park in the United States, Huntsville has been nicknamed “The Rocket City”. DEMOGRAPHICS • Average household income: $76,941 (MSA) • Population: 451,749 (MSA) • Households: 180,308 (MSA) • 4th highest average salary of any MSA in the Southeast • Highest concentration of engineering degrees in the Nation • MSA = Limestone & Madison Counties COLLEGE & UNIVERSITIES Home to the University of Alabama in Huntsville, Alabama A&M University & Calhoun Community College, Huntsville has a student population of over 18,000 students. BUSINESS & INDUSTRY • Huntsville is one of the Top 30 fastest growing major metro’s in the country (US Census, March 2014) • Huntsville is among the top 10 Most promising U.S. Tech Hubs to watch in 2014 (Techie.com, January 2014) • Huntsville named one of the Best Places to Live (Livability, October 2013) • Huntsville 4th for Growth Potential (Business Facilities, August 2013) • CNN Money ranks Madison County No. 7 in the country of a great place to live and find a job (August 2013) • Huntsville named one of Forbes Top 20 Leading Metros for Business (Forbes, July 2011) REDSTONE ARSENAL Redstone Arsenal and NASA have over 7 million SF of office and research facility with 32,000 daytime employees and a budget of over $100 billion. Agencies include: U.S. Army Materiel Command, Aviation & Missile Command and Space & Missile Defense Command as well as NASA Marshall Space Flight Center. Through BRAC (Base Realignment and Closure) over 5,000 new jobs have moved to Huntsville. CUMMINGS RESEARCH PARK Encompassing 3,843 acres housing over 285 companies and more than 25,000 employees and a payroll of over $1.4 billion per year, Cummings Research Park (CRP) is the 2nd largest research park in the U.S. and the 4th largest in the world. 256.536.8809 • 513 Madison Street, Suite B Huntsville AL 35801 Wesley B. Crunkleton, CPM [email protected].
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