S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S . M U L T I - H O U S I N G R E G I O N A L T E A M HUNTSVILLE PORTFOLIO OF EIGHT EFFICIENCY UNITS 2403 Mastin Lake Rd NW Huntsville, AL 35810 3702 Penny St SW Huntsville, AL 35805 S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S . M U L T I - H O U S I N G R E G I O N A L T E A M MASTIN LAKE QUADRUPLEX 2403 Mastin Lake Rd NW Key Facts 1,837 Square Feet Huntsville, AL 35810 4 Efficiency Units Tile Flooring Throughout EXTERIORS 2403 MASTIN LAKE ROAD EXTERIORS 2403 MASTIN LAKE ROAD INTERIORS 2403 MASTIN LAKE ROAD INTERIORS 2403 MASTIN LAKE ROAD S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S . M U L T I - H O U S I N G R E G I O N A L T E A M PENNY STREET QUADRUPLEX Key Facts 3702 Penny St SW 100% Occupancy Built in 1989 Huntsville, AL 35805 1,680 Square Feet 4 Efficiency Units EXTERIORS 3702 PENNY STREET UNIT MIX SUMMARY AVG AVG MIN MAX UNIT TYPE COUNT SIZE RENT RENT/SF RENT RENT Studio/1 Bath 4 459 $358 $0.78 $350 $360 (Mastin Lake) Studio/1 Bath 4 420 $314 $0.75 $310 $325 (Penny) Total/Avg. 8 440 $336 $0.77 $330 $343 Regional Map Location Map Mastin Lake Penny Aerial View Mastin Lake Road Aerial View Penny Street Nearby retailers, Banks, & Health Services Mastin Lake Road Nearby Restaurants Mastin Lake Road Nearby retailers, Banks, & Health Services Penny Street Nearby Restaurants Penny Street S V N I N T E R N A T I O N A L S O U T H E A S T E R N U . S . M U L T I - H O U S I N G R E G I O N A L T E A M MARKET OVERVIEW HUNTSVILLE, ALABAMA HUNTSVILLE, AL HIGHLIGHTS Cummings Research Park America's #1 NASA's Marshall Space Flight Center fastest-growing Redstone Arsenal metro tech city Lowe Mill ARTS and Entertainment Bridge Street Town Centre RENTAL MARKET 33,880 multi-family 6,074 units in the past year multi-family units in 572 development in the past year multi-family units completed in 2019 AVERAGE RENT HUNTSVILLE RENT segmented by unit type HAS INCREASED BY $580 $718 STUIDO 1 BED 5.1% $894 $1,012 IN THE PAST YEAR 2 BED 3 BED MARKET OVERVIEW HUNTSVILLE, AL 3.0% 46 ECONOMY & Unemployment Fortune 500 EMPLOYMENT Rate Companies Huntsville, AL 9,000+ One of the top metros to New jobs in last 3 years power the U.S. economy -BLOOMBERG BUSINESS, 2016 Key industries Top 10 Employers Defense U.S. Army/Redstone Arsenal: 37,000 Aerospace Huntsville Hospital: 9,228 NASA/Marshall Space Flight Center: Advanced Manufacturing 6,500 Bioscience Huntsville City Schools: 3,000 Information Technology The Boeing Company: 2,900 SAIC: 2,640 Madison County Schools: 2,389 Huntsville leads the U.S. City of Huntsville: 2,206 in new construction Dynetics, Inc.: 2,030 University of Alabama in Huntsville: 1,660 growth Source: Huntsville Chamber of Commerce MARKET OVERVIEW HUNTSVILLE, AL HUNTSVILLE, AL PROFESSIONAL AND BUSINESS SERVICES SHARE OF TOTAL EMPLOYMENT #1 city for STEM workers 25% -LIVEABILITY.COM, 2018 20% 21.8% 15% Highest ratio of engineers in the U.S. 10% 12.3% 11.4% -HUNTSVILLE CHAMBER OF COMMERCE, 2016 5% 0% e a e ll g il vi o b s o o t n #3 best mid-size city to make a living n a M u tt H a h -MONEYGEEK, 2017 C COST OF DOING BUSINESS MANUFACTURING Operating expenses: SHARE OF TOTAL EMPLOYMENT 32% less than national average Rent per square foot: 25% less than national average 15% 12.8% 10% 8.5% 8.3% 5% 0% le m le il a il sv h v t g sh n in a u m N H ir B MARKET OVERVIEW HUNTSVILLE, AL TRANSPORTATION EDUCATION Roads K-12 Colleges I-565 (East-West; connection to I-65 5 public school The University of (North-South)) systems: 65,191 Alabama in Huntsville Calhoun Community US 72 (East-West) students College AL 231 & 431 (North-South) 19 private schools Alabama A&M 91% average University Air graduation rate Athens State Huntsville International Airport More than 90% of University J.F. Drake State Non-stop flights to 11 domestic students attend Community & destinations public school Technical College TOURISM & LEISURE COST OF LIVING Attractions 10% less than national Huntsville Botanical Garden average Burritt on the Mountain #1 affordable place to live Huntsville Museum of Art -LIVEABILITY.COM, 2015 U.S. Space & Rocket Center Lowe Mill ARTS and Entertainment Shopping #7 of top 10 places to live in the U.S. Bridge Street Towne Center Parkway Place Mall -CNBC, 2018 MARKET OVERVIEW HUNTSVILLE, AL Huntsville News On April 17, 2019, Governor Kay Ivey announced plans to widen Interstate 565 in Huntsville, AL. The approximately $17 million investment project is intended to ease traffic flow near the upcoming Mazda Toyota manufacturing plant. Governor Ivey also announced plans to expand the interchange on Interstate 65 at Tanner, as well as widening Browns Ferry Road to extend westward to U.S. Highway 31. This will be about a $27-28 million investment, according to the Alabama Department of Transportation. Mazda and Toyota have established a joint-venture company "Mazda Toyota Manufacturing, U.S.A., Inc." that will begin production in Huntsville, Alabama in 2021. Toyota and Mazda are investing $1.6 billion toward the new facility, and it is expected to create up to 4,000 jobs. The plant will have the capacity to produce 150,000 units of Mazda's crossover model and 150,000 units of the Toyota Corolla. MARKET OVERVIEW HUNTSVILLE, AL Huntsville News $10.4 million Investment in Huntsville Airport Upgrade $55 million investment in Madison It was announced July 29, 2019 that County School Upgrades $10.4 million will be invested in improving infrastructure at the The Madison County school system is Huntsville International Airport. The spending a total of $55 million on grant will fund rehabilitation of a upgrades of facilities and safety runway and an apron, reconstruction of systems for five of its schools. All of taxiway lighting and airfield guidance the projects are projected to be signs, and rehabilitation and completed by August 2020. construction of a taxiway. - www.al.com - www.businessalabama.com 2 Huntsville Project win 2019 Economic Development Award Trade and Industry Development awarded three Alabama projects with its 2019 economic development award, two of which are in Huntsville. These projects include Huntsville's $1.6 billion Mazda Toyota assembly plant and Facebook's $750 million data center. - www.waaytv.com MARKET OVERVIEW HUNTSVILLE, AL Huntsville News FBI Announces more than 4,000 jobs coming to Huntsville Alabama Companies hiring 7,000+ The FBI has announced that more workers than 4,000 jobs will be coming to Huntsville, AL over the next eight to Multiple manufacturing companies are 10 years. In November 2018, the FBI looking for workers in Alabama. So far in made a statement that 1,350 jobs 2019 there have been 18,788 manufacturing would be relocating from the job ads posted, and more are on the way. Washington area to Huntsville. This is In addition to the Mazda-Toyota plant, just the first wave of what is expected which is expected to add 4,000 jobs, there to be 4,000 to 5,000 FBI jobs at have been 13 announcements of large-scale Redstone Arsenal. manufacturing projects, which total up to more than 3,200 jobs. Companies looking - www.al.com to add new jobs in Alabama include: Airbus Amazon Austal Bolta U.S. Briggs & Stratton DaikyoNishikawa USA Facebook Google Toyota Vuteq YKTA - www.al.com Rendering of the FBI Operations Support Building under construction at Redstone Arsenal in Huntsville Source: www.al.com MARKET OVERVIEW HUNTSVILLE, AL Huntsville News Lockheed Martin breaks ground on plant to test hypersonics in Lockheed Martin announces $19 Alabama million expansion in Huntsville Lockheed Martin has broken ground Lockheed Martin has announced plans to on two buildings in Courtland, AL to invest at least $19.3 million at its Huntsville build and test hypersonics: faster- facility, bringing in 200 new jobs. This will than-sound weapons systems that are support the new Army contract to serve as a key part of the long-range precision the Long Range Hypersonic Weapon fire modernization effort for the Army. prototype system integrator. The new jobs The new facilities will bring 72 jobs in will provide an average salary of $90,000. Lawrence County and 200 jobs in The expansion is set to be completed by Huntsville, where the program's Dec. 31, 2025, and operations are expected management and engineering to begin in the new facilities by Feb. 28, functions will be located. 2026. - www.al.com - www.al.com Lockheed Martin in Huntsville, AL Concept art of a hypersonic weapon. Source: www.al.com Source: www.cnbc.com MARKET OVERVIEW HUNTSVILLE, AL 9,736 69 Total Countries of Colleges Enrollment origin Arts, Humanities, and Social Sciences Business 50 200+ Education states of Student Engineering origin ORganizations Nursing Professional and Continuing Studies Science Graduate School 87 100+ Honors Degrees Areas of Offered Study UAH is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) to award bachelor's, master's, specialist, and doctoral degrees MARKET OVERVIEW HUNTSVILLE, AL 9,861 34 Total Organizations Enrollment & Clubs Academic Programs 11 4 degree Degrees/ Advanced Manufacturing programs Certificates Business Administration Offered Online Child Development Computer Graphics Computer Information Systems Campuses Dental Assisting Decatur Emergency Medical Services Huntsville General Studies Alabama Center for the Arts Medical Laboratory Technician Music Industry Communications Calhoun Community College is Physical Therapist Assistant accredited by the Southern Practical Nursing Association of Colleges and Schools Registered Nursing Commission on Colleges to award Security associate degrees.
Details
-
File Typepdf
-
Upload Time-
-
Content LanguagesEnglish
-
Upload UserAnonymous/Not logged-in
-
File Pages53 Page
-
File Size-