Offering Memorandum

126 S LIVINGSTON AVE 126 S Livingston Ave • Livingston, NJ 07039 NON - ENDORSEMENT AND DISCLAIMER NOTICE

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement Notice 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 YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

126 S LIVINGSTON AVE Livingston, NJ ACT ID Z0280440

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo

FINANCIAL ANALYSIS 02 Rent Roll Summary Rent Roll Detail Rent Roll Summary Commercial Operating Statement Notes Pricing Detail Acquisition Financing

MARKET OVERVIEW 03 Market Analysis Demographic Analysis

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INVESTMENT OVERVIEW

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OFFERING SUMMARY EXECUTIVE SUMMARY

VITAL DATA CURRENT YEAR 1 Price $750,000 CAP Rate 7.83% 7.83% MAJOR EMPLOYERS Net Operating Down Payment 25% / $187,500 $58,720 $58,720 Income # OF EMPLOYER Net Cash Flow EMPLOYEES Loan Amount $562,500 After Debt 11.31% / $21,202 11.31% / $21,202 ADP Atlantic Inc 60,000 Service Loan Type Proposed New Total Return 17.95% / $33,663 18.26% / $34,235 Briad Main Street Inc 7,000 Interest Rate / 4.50% / 25 Years Energy Capital Partners II LLC 5,701 Amortization NPS 4,600 Total Rentable SF 4,500 ADP 4,468 Price/SF $166.67 Prudential 2,245 Year Built / Renovated 1900 / 2001 UNIT MIX VA Health Care MONTHL MONTHL 2,000 UNIT CURRENT AVG. POTENTI AVG. Sys UNIT TYPE AVG. SF Y Y COUNT AVG. RENTS RENTS/SF AL RENTS RENTS/SF Investors Bancorp Mhc 1,942 INCOME INCOME 3 Bedroom Sogimex 1,375 1 1,300 $1,750 $1.35 $1,750 $1,750 $1.35 $1,750 Apartment Community Education Ctrs Inc 1,300 1 Bedroom 1 950 $1,150 $1.21 $1,150 $1,150 $1.21 $1,150 Apartment Automatic Switch Company 1,200 SUITE CURRENT MONTHLY PRO FORMA D&B 1,177 TYPE TOTAL GLA CURRENT RENT RANGE COUNT INCOME MONTHLY INCOME 3 Retail 2,250 $500 - $2,500 $4,600 $4,600 DEMOGRAPHICS

1-Miles 3-Miles 5-Miles 2017 Estimate 59,391 226,532 Pop 13,348 2017 Census Pop 13,067 57,691 220,177 2017 Estimate HH 4,554 21,093 82,716 2017 Census HH 4,440 20,337 79,957 Median HH $124,642 $100,206 Income $130,458 Per Capita Income $66,803 $65,937 $57,185 Average HH $185,028 $155,808 Income $195,365

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OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to exclusively list for sale a mixed-use offering consisting of a 3 commercial units with 2 apartments above, located in Livingston (Essex County) New Jersey. The subject property is situated on .13+/- acre lot in the heart of the city. The mixed-use offering is within walking distance to Route 10 and allows access to many national retailers. Each tenant has been in the same location for numerous years.

Livingston is a township located in Essex County, NJ that shares its borders with Roseland, West Orange, Milburn, Short Hills, Florham Park, East Hanover, and the Passaic River. Although Livingston is predominantly a residential community; Livingston houses many shopping centers, business and services. The major roads that pass through or near Livingston are Eisenhower Parkway, County Route 508, County Route 527, Interstate 280 and Route 10. The subject property is approximately 18 miles northwest of City. Public transportation is available to New York Port Authority via Community Coach #77 bus route and OurBus company; to Newark via NJ Transit Bus service on routes 70,71,73 and locally via the MCM3 and MCM8 bus routes. Rail service is also available via the NJ Transit .

Within a five-mile radius of Livingston, the average household income is $195,365 among the 226,532 individuals who resides within a five-mile radius of the subject property.

The asking price of $ 750,000 represents a 7.83 percent cap rate.

INVESTMENT HIGHLIGHTS

. Mixed-Use Offering Consisting of 2 Multi-Family Units & 3 Commercial Units . Situated on Heavy Commercial Corridor with High VPD Count . Average Household Income within 1 Mile Radius is $195,000 + . Proximity to Route 10, Route 24 & Route 280

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OFFERING SUMMARY PROPERTY OVERVIEW

Livingston is a township located in Essex County, NJ that shares its borders with Roseland, West Orange, Milburn/Short Hills, Florham Park, East Hanover, and the Passaic River. Although it is largely a bedroom community, Livingston houses many shopping centers, business and services. The inhabits the south- west side of town, and the west side of town holds the headquarters of CIT Group, Interplast Group The Briad Group and the customer service and support center of Verizon. Other major services located in the town include Saint Barnabas Medical Center and The Westminster, a four-diamond luxury hotel. The major roads that pass through or near Livingston are Eisenhower Parkway, County Route 508, County Route 527, Interstate 280 and Route 10. The subject property is approximately 18 miles northwest of . Public transportation is available to New York Port Authority via Community Coach #77 bus route and OurBus company; to Newark via NJ Transit Bus service on routes 70,71,73 and locally via the MCM3 and MCM8 bus routes. Rail service is also available via the NJ Transit Morristown Line.

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OFFERING SUMMARY PROPERTY SUMMARY

THE OFFERING PROPOSED FINANCING Property 126 S Livingston Ave First Trust Deed Price $750,000 Loan Amount $562,500 Property Address 126 S Livingston Ave, Livingston, NJ Loan Type Proposed New Assessors Parcel 10 03809-0000-00014 Interest Rate 4.50% Number Amortization 25 Years Zoning B-1 Loan Term 5 Years SITE DESCRIPTION Loan to Value 75% Number of Units 5 Debt Coverage Ratio 1.57 Number of Buildings 1 Number of Stories 2 Year Built/Renovated N/A Lot Size .13 Type of Ownership Fee Simple

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REGIONAL MAP

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LOCAL MAP

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AERIAL PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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FINANCIAL ANALYSIS

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FINANCIAL ANALYSIS RENT ROLL SUMMARY

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FINANCIAL ANALYSIS RENT ROLL SUMMARY

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FINANCIAL ANALYSIS OPERATING STATEMENT

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FINANCIAL ANALYSIS PRICING DETAIL

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ACQUISITION FINANCING

MARCUS & MILLICHAP CAPITAL CORPORATION WHY MMCC?

CAPABILITIES Optimum financing solutions to enhance value MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and Our ability to enhance terms. buyer pool by expanding finance options We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance financing options. seller control • Through buyer Our dedicated, knowledgeable experts understand the challenges of financing qualification support and work tirelessly to resolve all potential issues to the benefit of our clients. • Our ability to manage buyers finance expectations • Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings • By relying on a world class Closed 1,707 National platform $5.63 billion Access to set of debt/equity sources debt and equity operating total national more capital financings within the firm’s volume in 2017 sources than and presenting a tightly in 2017 brokerage any other firm underwritten credit file offices in the industry

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MARKET OVERVIEW

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MARKET OVERVIEW NORTHERN NEW JERSEY OVERVIEW

Northern New Jersey consists of Bergen, Hudson, Passaic, Essex, Morris and Union counties. The region contains roughly 4 million residents in more than 200 municipalities. Bergen county is home to nearly 1 million people, while Essex County, which includes the city of Newark, has approximately 805,000 citizens. The region is bordered to the east by the Hudson River and New York City, to the south by Middlesex and Somerset counties, to the west by Warren and Sussex counties, and to the north by New York state. A large portion of the area is almost fully developed and densely populated. The region is a part of the New York metro and is linked to the city by the George Washington Bridge, the Lincoln Tunnel, the Holland Tunnel, several ferries and commuter rail tunnels. METRO HIGHLIGHTS

DIVERSE INDUSTRIES Pharmaceuticals, healthcare and finance are a few of the segments that contribute to the metro’s economic base.

LARGE LABOR POOL The region’s diverse and highly skilled labor and access to workers in other nearby metros draw businesses.

UNIQUE ECONOMY Northern New Jersey has its own economic drivers and is connected to New York City’s robust economy.

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MARKET OVERVIEW

ECONOMY . Northern New Jersey is home to numerous Fortune 500 companies including Prudential Financial, Merck, PBF Energy and Honeywell International. . The airline industry accounts for a significant share of jobs in the region. United Airlines has a major presence at Newark Liberty International Airport. . Trade is a key employment sector. Vehicle imports account for a substantial amount of the Port Newark-Elizabeth Marine Terminal’s business. . Spillover from Wall Street bolsters finance jobs in Essex, Hudson and Bergen counties.

MAJOR AREA EMPLOYERS

Prudential Financial UAL (United Continental Holdings) JPMorgan Chase & Co. Hackensack University Medical Center Bank of America Englewood Hospital Association Novartis Pharmaceuticals Corp. St. Joseph’s Hospital and Medical Center Valley Health Systems * Forecast RWJBarnabas Health

SHARE OF 2017 TOTAL EMPLOYMENT

6% 17% 14% 8% 7% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

22% 4% + 16% 2% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

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MARKET OVERVIEW

DEMOGRAPHICS

. Northern New Jersey will add nearly 38,000 people and approximately 36,300 households over the next five years, generating demand for housing. SPORTS . The homeownership rate of 54 percent is below the national rate of 64 percent, maintaining a strong rental market. . Approximately 38 percent of residents hold a bachelor’s degree, including 14 percent who have also obtained a graduate or professional degree.

2017 Population by Age

6% 19% 6% 27% 27% 14% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION

2017 2017 2017 2017 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 4M 1.5M 38.4 $71,700 Growth Growth U.S. Median: U.S. Median: 2017-2022*: 2017-2022*: 0.9% 2.5% 37.8 $56,300

QUALITY OF LIFE Northern New Jersey offers a variety of amenities and cultural activities. Sports and entertainment are available in East Rutherford at the Meadowlands. The MetLife Stadium is home to the Giants and Jets of the NFL. The Prudential Center, also known as the Rock, is ARTS & ENTERTAINMENT an indoor arena in downtown Newark where the Devils (NHL) and Seton Hall University play. Downtown Newark also houses the New Jersey Performing Arts Center and Bears and Eagles Riverfront Stadium, home of the Newark Bears, a minor-league baseball team. Numerous community colleges and universities are located in the metro, including Seton Hall University, the Newark campus of Rutgers University, Stevens Institute of Technology and Bergen Community College.

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

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NORTHERN NEW JERSEY

Class C Sector Shines in Shadow of Elevated Construction Multifamily 2018 Outlook Renters relocating from Manhattan fuel apartment demand, though new construction 10,200 Construction: could encourage concessions in the Class A sector. The local job market flattened units will be The pace of development will accelerate last year, though modest improvement is expected in 2018. Fortunately for local completed again this year as apartment stock expands apartment operators, extremely high rents in Manhattan are encouraging residents to by 3.1 percent. commute. This trend is most prevalent in the Class C segment, where vacancy is in the mid-3 percent range. This performance will allow the market’s lowest tier to exercise the greatest pricing power to grow rents this year. Class C apartment 40 basis point Vacancy: demand is anticipated to ripple further away from transit locations as value seekers A significant increase in supply pushes trade commute times for lower costs. increase in vacancy vacancy to 4.8 percent at year end.

Structural demand in Class A sector will be tested as new supply pressures vacancy. An influx of new properties has lifted top-tier vacancy nearly 500 basis points above Rents: the lowest tier. Operators attempting to fill new units will define the Class A and Class 3.1% increase in Rent growth remains healthy as new stock B segments this year. Concessions will need to be sufficient to lure Class B renters effective rents from across the Hudson, while Class B managers will be careful with rent hikes to lifts the market’s overall average. Effective rents end 2018 at $1,871 per month. prevent losing renters to new construction. These dynamics will be most pronounced in Jersey City.

Investment Trends • Investors will remain focused on lower-tier properties this year as operations remain sound and rent growth potential is pronounced. Between Northern New Jersey and Manhattan, a dearth of lowest-tier properties will persist through the current expansionary cycle. As properties near commuter stations become more expensive, renter and investor demand will widen. • Class B properties in farther stretches of the market may offer investors potential upside. Regionwide, Class B apartment vacancy began the year below 5 percent and most suburban assets are largely insulated from the threat of new construction. Institutions, meanwhile, may consider 2018 as an opportune time to buy Class A properties at a discount. • The spread in cap rates is relatively narrow. Top-tier assets still garner attention at yields below 5 percent, while Class B returns average in the high-5 percent range. The high-demand Class C sector posts first-year returns in the low-6 percent area. Sources: CoStar Group, Inc.; Real Capital Analytics

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4Q17 – 12-Month Period * Forecast

EMPLOYMENT CONSTRUCTION VACANCY RENTS

increase in total units completed basis point change in increase in effective 0.9% employment Y-O-Y 8,300 Y-O-Y 0 vacancy Y-O-Y 3.1% rents Y-O-Y

• Last year, 18,000 positions were • Builders expanded inventory by • Despite elevated construction • Effective rents climbed to $1,815 created in the region. Several 2.6 percent last year as new and measured employment per month last year, supported sectors shined during 2017, construction reached a new growth, vacancy remained flat at by a 3.4 percent increase in including the education and cyclical peak. Jersey City 4.4 percent in 2017. Renters Class B rents. Operators in the health sector, which expanded by received 3,300 new units as opting out of the high-priced top tiers lifted rents a modest 2.0 10,470 spots. Financial activities several large projects came Manhattan market helped percent as competition for expanded by 3,470 jobs. online. balance vacancy in the region. renters was intense. • Declines occurred in the • At the beginning of the year, • The influx of new units put • Bergen and Monmouth counties professional and business 14,300 apartments were pressure on Class A vacancy, posted the largest rent gains last services and information sectors, underway in the metro. Jersey which was 8.0 percent at the year. Effective rents climbed 7.8 where 3,000 jobs were cut. City remains a focus for end of last year. Class C percent and 4.8 percent, developers with 3,900 units vacancy was 3.3 percent during respectively. under construction. that time.

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Submarket Trends

Lowest Vacancy Rates 4Q17

Y-O-Y Effective Y-O-Y% Submarket Vacancy BasisPoint Rate Rent Change Change

Passaic/Sussex 2.1% -10 $1,512 -1.8% Counties

Newark 2.1% -40 $1,281 -0.5% * 2017-2022 **2016 Northwest Middlesex 2.1% -50 $1,601 2.2% Sales Trends County Value-Add Options, Robust Suburban Household Growth Entice Buyers Ocean County 2.4% -10 $1,332 4.6% • Transaction velocity jumped 15 percent last year as buyers targeted Class C properties, which boasted the strongest fundamentals. Deal flow in the Class C sector Morris County 2.5% -30 $1,676 0.1% soared 21 percent. • Average prices advanced 9 percent in 2017 to $156,800 per unit. Class A properties traded at an average of more than $300,000 per unit. Union County 2.7% 20 $1,731 1.7%

Central Middlesex 3.0% 30 $1,442 3.1% County Outlook: Hudson County accounted for Bergen County 3.3% 10 $2,090 7.8% the entire increase in sales last year as investors attempted to capitalize on spillover demand from Manhattan. Lower- West Essex County 3.3% 40 $1,743 0.5% tier properties, in particular, captured investor attention. Jersey City 3.5% 30 $2,960 -1.4%

Overall Metro 4.4% 0 $1,815 2.8%

Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics

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Capital Markets

• Fed raises benchmark interest rate, plots path for additional increases. The Federal Reserve increased the federal funds rate by 25 basis points, lifting the overnight lending rate to 1.5 percent. While the Fed noted that the inflation outlook had moderated in recent months, an upgraded economic forecast factoring in recent tax cuts and a rollback in regulation strengthened growth projections for the next two years. As a result, the Fed has guided toward two additional rate hikes this year, while setting the stage for as many as four increases in 2019.

• Lending costs rise alongside Fed rate increase. As the Federal Reserve lifts interest rates, lenders will face a rising cost of capital, which may lead to higher lending rates for investors. However, in an effort to compete for loan demand, lenders may also choose to absorb a portion of the cost increases. While higher borrowing costs may prompt buyers to seek higher cap rates, the positive economic outlook should provide rent growth that outpaces inflation over the coming year. As a result, sellers remain committed to higher asking prices, which has begun to widen an expectation gap as property performance and demand trends remain positive.

• The capital markets environment continues to be highly competitive. Government agencies continue to consume the largest share, just slightly over 50 percent, of the apartment lending market. National and regional banks control approximately a quarter of the market. Global markets and foreign central banks are keeping pressure down on long-term interest rates. Pricing resides in the 4 percent realm with maximum leverage of 75 percent. Portfolio lenders will typically require loan-to-value ratios closer to 70 percent with interest rates in the high-3 to mid-4 percent range. The passage of tax reform and rising fiscal stimulus will keep the U.S. economy growing strongly and rental demand will remain high with the Include sales $2.5 million and greater Sources: CoStar Group, Inc.; Real Capital Analytics national apartment vacancy rate at 5 percent at the end of 2017.

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MARKET OVERVIEW

NORTHERN NEW JERSEY METRO AREA

Boost in Residential Growth Favors Retail Sales, Allows Investors to Diversify

New completions outpace demand. A cycle-high level of household formations fuel demand for necessity- based neighborhood retailers across Northern New Jersey. Developers are responding by constructing three major shopping centers in Morris and Union counties. These projects are benefiting from nationally recognized anchor tenants such as Whole Foods. Yet, store closures in many malls and big boxes are occurring, creating opportunity for developers to reorient the space toward services or entertainment and in some cases redevelop it for multi-tenant use. In the short term, however, shuttered stores will prompt net absorption to fall short of supply, ticking the vacancy rate up this year. As vacancy still remains low and household formations create more demand, average marketed rent will improve this year, recovering from the slight decline suffered in 2017.

Grocery and convenience retailers garner strong appeal; high yields found farther inland. Limited new construction mixed with a favorable 5 percent vacancy rate offer an appealing landscape for investors. Among the rising number of sellers in the market, some are interested in transitioning to less-management- intensive holdings such as single-tenant properties. Purveyors of necessities are especially popular tenants in such scenarios, as trades of properties that house national grocery or drugstore chains feature cap rates in the low-5 or even high-4 percent range. Assets investors have favored for long-term holds include those with stable tenants located in the denser residential areas of Bergen and Hudson counties. For investors seeking higher initial returns, multi-tenant assets situated in Morris, Union, and Passaic counties offer numerous opportunities. Buildings in those counties with locally known establishments, including bars, restaurants and hairdressers, change hands with yields 50 to 100 basis points above the market average of mid-6 percent.

* Forecast Sources: Marcus & Millichap Research Services; BLS; CoStar Group, Inc.

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MARKET OVERVIEW

NORTHERN NEW JERSEY METRO AREA

2018 Market Forecast

NRI Rank Widening vacancy causes Northern New Jersey to drop three spots in the 39, down 3 places NRI.

Employment Payrolls will expand by 10,000 positions in 2018, readily outpacing the 800 up 0.5% jobs that joined last year.

Construction Delivery volume expands by a modest 1.5 percent. Approximately 90 550,000 sq. ft. percent of completions are concentrated in Bergen, Morris and Union counties.

Vacancy With new supply exceeding demand, the regional vacancy rate rises to 5.1 up 20 bps percent. Premium locales such as Hudson County continue to feature extremely low vacancy below 2 percent.

Rent The average asking rent increases to $25.87 per square foot, reversing up 1.2% course from the 0.4 percent decline posted last year.

Investment Union and Morris counties, which have a growing number of households, provide tremendous upside potential for both new assets and older shopping centers that are updating their facilities to sign new tenants.

* Forecast Sources: Marcus & Millichap Research Services; CoStar Group, Inc.; Real Capital Analytics

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MARKETINGDEMOGRAPHICS TEAM Created on May 2018

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles . 2022 Projection . 2017 Estimate Total Population 13,447 60,310 227,814 $200,000 or More 30.04% 27.98% 22.02% . 2017 Estimate $150,000 - $199,000 13.05% 13.20% 10.63% Total Population 13,348 59,391 226,532 $100,000 - $149,000 20.30% 19.99% 17.44% . 2010 Census $75,000 - $99,999 12.10% 11.48% 10.76% Total Population 13,067 57,691 220,177 $50,000 - $74,999 8.88% 10.48% 12.46% . 2000 Census $35,000 - $49,999 5.98% 5.27% 7.26% Total Population 12,813 55,187 217,949 $25,000 - $34,999 3.71% 3.56% 6.16% . Daytime Population $15,000 - $24,999 3.95% 4.17% 6.33% 2017 Estimate 14,735 80,429 257,086 Under $15,000 1.98% 3.88% 6.96% HOUSEHOLDS 1 Miles 3 Miles 5 Miles Average Household Income $195,365 $185,028 $155,808 . 2022 Projection Median Household Income $130,458 $124,642 $100,206 Total Households 4,605 21,609 83,953 Per Capita Income $66,803 $65,937 $57,185 . 2017 Estimate POPULATION PROFILE 1 Miles 3 Miles 5 Miles Total Households 4,554 21,093 82,716 . Population By Age Average (Mean) Household Size 2.92 2.77 2.69 2017 Estimate Total Population 13,348 59,391 226,532 . 2010 Census Under 20 27.87% 25.49% 26.45% Total Households 4,440 20,337 79,957 20 to 34 Years 9.92% 11.26% 14.91% . 2000 Census 35 to 39 Years 5.35% 5.63% 6.09% Total Households 4,369 19,347 78,938 40 to 49 Years 15.89% 14.80% 14.89% Growth 2015-2020 1.12% 2.45% 1.50% 50 to 64 Years 23.04% 23.11% 21.48% HOUSING UNITS 1 Miles 3 Miles 5 Miles Age 65+ 17.95% 19.72% 16.17% . Occupied Units Median Age 44.84 45.56 41.87 2022 Projection 4,605 21,609 83,953 . Population 25+ by Education Level 2017 Estimate 4,608 21,611 85,920 2017 Estimate Population Age 25+ 9,127 41,914 154,744 Owner Occupied 4,182 18,259 56,009 Elementary (0-8) 1.66% 1.53% 2.56% Renter Occupied 373 2,834 26,707 Some High School (9-11) 2.35% 2.49% 3.79% Vacant 54 517 3,204 High School Graduate (12) 14.59% 16.61% 19.91% . Persons In Units Some College (13-15) 10.39% 11.80% 13.62% 2017 Estimate Total Occupied Units 4,554 21,093 82,716 Associate Degree Only 3.57% 4.20% 5.30% 1 Person Units 15.06% 19.01% 24.38% Bachelors Degree Only 34.94% 34.07% 29.48% 2 Person Units 30.79% 31.93% 29.17% Graduate Degree 32.28% 28.52% 24.35% 3 Person Units 18.07% 17.83% 17.34% . Population by Gender 4 Person Units 24.55% 20.37% 17.78% 2017 Estimate Total Population 13,348 59,391 226,532 5 Person Units 8.41% 7.61% 7.44% Male Population 49.15% 48.07% 47.87% 6+ Person Units 3.12% 3.25% 3.90% Female Population 50.85% 51.93% 52.13%

Source: © 2017 Experian

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MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2017, the population in your selected geography is 226,532. The The current year racial makeup of your selected area is as follows: population has changed by 3.94% since 2000. It is estimated that the 62.90% White, 20.03% Black, 0.02% Native American and 10.41% population in your area will be 227,814.00 five years from now, which Asian/Pacific Islander. Compare these to US averages which are: represents a change of 0.57% from the current year. The current 70.42% White, 12.85% Black, 0.19% Native American and 5.53% population is 47.87% male and 52.13% female. The median age of Asian/Pacific Islander. People of Hispanic origin are counted the population in your area is 41.87, compare this to the US average independently of race. which is 37.83. The population density in your area is 2,879.49 people per square mile. People of Hispanic origin make up 11.53% of the current year population in your selected area. Compare this to the US average of 17.88%.

Households Housing There are currently 82,716 households in your selected geography. The median housing value in your area was $471,399 in 2017, The number of households has changed by 4.79% since 2000. It is compare this to the US average of $193,953. In 2000, there were estimated that the number of households in your area will be 83,953 54,668 owner occupied housing units in your area and there were five years from now, which represents a change of 1.50% from the 24,269 renter occupied housing units in your area. The median rent at current year. The average household size in your area is 2.69 persons. the time was $738.

Income Employment In 2017, the median household income for your selected geography is In 2017, there are 214,016 employees in your selected area, this is $100,206, compare this to the US average which is currently $56,286. also known as the daytime population. The 2000 Census revealed The median household income for your area has changed by 35.12% that 77.17% of employees are employed in white-collar occupations since 2000. It is estimated that the median household income in your in this geography, and 22.71% are employed in blue-collar area will be $112,387 five years from now, which represents a change occupations. In 2017, unemployment in this area is 4.15%. In 2000, of 12.16% from the current year. the average time traveled to work was 35.00 minutes.

The current year per capita income in your area is $57,185, compare this to the US average, which is $30,982. The current year average household income in your area is $155,808, compare this to the US average which is $81,217.

Source: © 2017 Experian

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8 DEMOGRAPHICS

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