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BEST WESTERN PLUS HOTEL LOS ANGELES HARBOR 111 S Gaffey St • San Pedro, CA 90731
Offering Memorandum
NON-ENDORSEMENT & DISCLAIMER NOTICE
CONFIDENTIALITY & DISCLAIMERThe 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 NOTICEMarcus & 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.
EXCLUSIVELY LISTED BYHK & Lee Advisors
O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A
WWW.MARCUSMILLICHAP.COM
NELSON LEESenior Associate Broker
Manhattan OfficeCell (917) 885-0894
Office (646) [email protected]
License NY 10301215040
HENRI KESSLERLicensed Real Estate Salesperson
Manhattan OfficeCell (310) 691-0775
Office (646) [email protected]
License NY 10401288939
STANLEY WANGDirector
Los Angeles OfficeCell (586) 668-1114
Office (213) [email protected]
License CA 02055241
BEST WESTERN PLUS HOTEL LOS ANGELES HARBOR1 1 1 S G A F F E Y S T • S A N P E D R O , C A 9 0 7 3 1
5 32
18 38
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COMPARABLE PROPERTIESSECTION 4 Sales Comparables • Market Competitors
MARKET OVERVIEWSECTION 5 South Bay - Long Beach Overview • Metro Highlights Economy • Local AttractionsCalifornia • Demographics
TABLE OF CONTENTS
EXCLUSIVELY LISTED BY:
BEST WESTERN PLUS HOTEL LOS ANGELES HARBOR1 1 1 S G A F F E Y S T • S A N P E D R O , C A 9 0 7 3 1
EXECUTIVE SUMMARYSECTION 1 Offering Highlights • Property Highlights Property Details • Investment Highlights Floor Plans • Regional Map • Area Intro Market Drivers • Local Map • Property Pictures
FINANCIAL ANALYSISSECTION 2 STR • Historical P & L • 5 Year Pro Forma
NEIGHBORHOOD OPPORTUNITY SECTION 3 Local Attractions • LA Waterfront Redevelopment Downtown Development Project
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EXECUTIVESUMMARY
BEST WESTERN PLUS HOTEL LA HARBOR111 S GAFFEY ST • SAN PEDRO, CA 90731
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OFFERING HIGHLIGHTS
OFFERING PRICE
$16,000,000VITAL DATA
Rooms 60
Site Size 0.77 Acres
Year Built/Renovated 1986/2013
BEST WESTERN PLUS HOTEL LA HARBOR1 1 1 S G A F F E Y S T , S A N P E D R O , C A 9 0 7 3 1
Stories 4
Price/Key $266,667
Pro Forma Cap Rate 6.0%
Total Square Footage 44,752 SF
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• HIGH BARRIER TO ENTRY LOCATION
• AMENITIES INCLUDE: 7,080 SQUARE FEET BAR & RESTAURANT, SEPARATE POOL AND WHIRLPOOL, FITNESSFACILITIES, GUEST LAUNDRY ROOM, TWO MEETING ROOMS AND ONE BALLROOM
• 30 MINUTES AWAY FROM DOWNTOWN LA , LAX, DISNEYLAND AND OTHER MAJOR LA DESTINATIONS
• WITH IN A 5-MILE RADIUS OF LOCAL ATTRACTIONS; POINT FERMIN LIGHTHOUSE, FORT MACARTHUR, CABRILLOMARINE AQUARIUM, PORT OF LOS ANGELES WATERFRONT RED CAR LINE, USS IOWA, AND WATERFRONT PARK
• POPULAR LOCAL RESTAURANTS ; THE WHALE & ALE AND RAFFAELLO RISTORANTE ARE WITHIN WALKING DISTANCES
• CLOSE PROXIMITY TO SPACEX NEW ROCKET MANUFACTURING FACILITY, ALTA SEA AND SAN PEDRO PUBLIC MARKET
PROPERTY HIGHLIGHTS
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PARKING TYPE
1st Floor 38
2nd Floor 18
Total Parking Space
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UNIT TYPEUNIT TYPE
Queen Queen (with 2 handicapped) 28
Mini-Suites 8
4Executive Suites
King (with 1 handicapped) 20
TotTotal Number of Rooal Number of Roomsms 60
Area for the Meeting Room 3,068 SF
MEETING SPACE
PROPERTY DETAILS
Outside
71
Total Area 10,148 SF
Area for Bar, Restaurant & Pool 7,080 SF
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• UNENCUMBERED BY FRANCHISE, OPPORTUNITY TO BOUTIQUE UPFLAG
• CURRENTLY OWNED BY ABSENTEE FOREIGN GROUP
• VALUE- ADD OPPORTUNITY TO INCREASE REVENUE BY OPERATING OR LEASING OUT THE CURRENTLY UNUSED RESTRAURANT AND BAR
• VALUE-ADD OPPORTUNITY WITH 4 VICTORIAN STYLE BALLROOM/MEETING ROOMS MAKE IDEAL PLACE FOR WEDDING PARTIES, BUSINESSMEETINGS AND CONFERENCES
• ACCORDING TO APPROVED GOVERNMENT PLAN, $3 BILLION IS TO BE INVESTED IN SAN PEDRO WITHIN THE NEXT 10 YEARS (MAYORGARCETTI, 2016)
• SAN PEDRO – HOME TO PORT OF LOS ANGELES. IT IS THE BUSIEST PORT IN THE U.S. AND WHEN COMBINED WITH THE NEARBY PORT OFLONG BEACH, PORT OF SAN PEDRO BAY IS THE 9 th BUSIEST PORT IN THE WORLD
INVESTMENT HIGHLIGHTS
FLOOR PLANS
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FLOOR PLANS
B A R & R E S T A U R A N T B A N Q U E T H A L L L A Y O U T
P A R K I N G L O T M A P H O T E L M A P10
SUBJECT PROPERTY NAMERegionalMap
San Pedro
Long Beach
Los Angeles
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AREA INTRO: SAN PEDRO
MARKET DRIVERS
• SAN PEDRO IS TWENTY-TWO (22) MILES FROM DOWNTOWN LOS ANGELES AND HOME TO THE PORT OF LOS ANGELES. THE HARBOR
FREEWAY ORIGINATES IN SAN PEDRO LINKING THE CITY TO ALL MAJOR FREEWAYS AND DOWNTOWN LOS ANGELES. THE PORT IS THE
LEADING TRADE GATEWAY OF NORTH AMERICA. THE PORT HAS ALWAYS BEEN AN ECONOMIC ENGINE OF SOUTHERN CALIFORNIA AND A
MAJOR CONTRIBUTOR TO THE NATIONAL ECONOMY. IT IS THE NINTH-BUSIEST HARBOR IN THE WORLD WITH $280 BILLION OF GOODS
FLOWING THROUGH IN ANY GIVEN YEAR. THE PORT MOVED MORE CARGO IN 2017 THAN IN ANY TIME IN THE PORT’S 100-YEAR HISTORY,
RACKING UP 9,343,195 TWENTY FOOT EQUIVALENT UNITS (THE 20’ STEEL BOX LOADED ONTO A TRAILER YOU ARE ALWAYS BEHIND OF ON
THE FREEWAY.) THREE HIGH-PROFILE PROJECTS WILL BENEFIT THE COMMUNITY FOR YEARS TO COME, AND SERVE AS INCUBATORS FOR
OTHER BUSINESSES TO LOCATE HERE.
• SAN PEDRO PUBLIC MARKET (SPPM)o THE 150 MILLION DOLLAR REDEVELOPMENT OF THE OLD PORTS O’ CALL VILLAGE DESIGNED BY RAPT ; INCLUDING LANDSCAPE
ARCHITECTURE BY WORLD RENOWNED HIGH LINE DESIGNER JAMES CORNER ; WILL ADD RESTAURANTS, SHOPS , AND PUBLIC
SPACES TO IMPROVE THE QUALITY OF LIFE FOR THE LOS ANGELES WATERFRONT COMMUNITIES.
• ALTASEAo GENSLER IS DEVELOPING A 35-ACRE COMPLEX THAT WILL COMBINE MARINE RESEARCH, PUBLIC EDUCATION AND SUSTAINABLE
ENERGY. $150 MILLION COMPLEX WILL REDEVELOP EXISTING WATERFRONT WAREHOUSES, REPLACING THEM WITH HIGH-TECH
RESEARCH EQUIPMENT THAT WILL BRING VISITING TOURISTS, RESEARCHES, UNIVERSITIES, DEVELOPERS, INVESTORS AND SCHOOL
CHILDREN.
• SPACEX ROCKET AND VESSELS MANUFACTURING FACILITYo SPACEX WILL BE BUILDING THE BFR AT A NEW 19-ACRE FACILITY ACROSS THE HARBOR WITH 700 EMPLOYEES. NOT ONLY WILL THIS
BRING ADDED SERVICES TO THE AREA, IT WILL BRING CONTRACTORS DOING BUSINESS WITH SPACEX TO THE SAN PEDRO AREA.
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SpaceX Rocket and Shipbuilding Factory
AltaSea35-acre ocean exploration
business incubator campus
San Pedro Public MarketThe Ratkovitch Company
550 Palos Verdes Street375-unit apartment building
completing 2020
Local Map
Best Western Plus LA Harbor
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• 7,080 SQUARE FEET BAR & RESTAURANT
• SEPARATE POOL AND WHIRLPOOL
• UNENCUMBERED BY MANAGEMENT
• BANQUET HALL
PROPERTY HIGHLIGHTS
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NEIGHBORHOOD OPPORTUNITY111 S GAFFEY ST • SAN PEDRO, CA 90731
BEST WESTERN PLUS HOTEL LA HARBOR
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LOCAL ATTRACTIONS
LOS ANGELES MUSEUM - BATTLESHIP USS IOWAA 5-minute walk away locates The USS Iowa Museum. The museum's main artifact is the USS Iowa (BB-61), lead ship of the Iowa class of battleships. The battleship was originally commissioned in 1943, and served during World War II, the Korean War, and through the Cold War. Daily tours include visits to see the largest guns (16"/50 caliber) on a U.S. Navy ship, officers ward room, President Roosevelt's cabin, armored bridge, missile decks, enlisted berthing, mess decks, helicopter deck, and other areas. The ship is located at the Los Angeles World Cruise Center and has over 2,100 parking spaces available.
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LA WATERFRONT PARK & FOUNDATIONOnly 1 mile from Best Western Plus Hotel Los Angeles Harbor, the LA Waterfront is the ideal place to be for outdoor fun and events against the stunning backdrop of the Port of Los Angeles. With several waterfront development projects located in the harbor communities of San Pedro and Wilmington, there is no shortage of treasures waiting to be discovered along the LA Waterfront.
CABRILLO BEACH & MARINA A 10-minute ride away from Best Western Plus Hotel Los Angeles Harbor, locates the Cabrillo Beach, which is the most popular for swimming, wading, and sunbathing, while the exposed outer beach attracts more surfers. Attractions such as the Cabrillo Marine Aquarium, the Carbrillo Coastal Trail, the fishing pier and the small boat launch ramp help make Cabrillo Beach a very popular destination.26
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LA WATERFRONT REDEVELOPMENTThe LA Waterfront consists of a series of waterfront development and community enhancement projects blanketing more than 400 acres of existing Port of Los Angeles property in the harbor communities of San Pedro and Wilmington. This area has changed dramatically over the last decade, and there is still more to come. The Port of Los Angeles remains committed to supporting projects that provide additional open space and encourage public access.
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NEIGHBORHOOD
OPPORTUNITY
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PORTS O’ CALL V ILLAGE REDEVELOPMENT/SAN PEDRO PUBLIC MARKETThe redevelopment Plans for San Pedro Public Market include 16 acres of restaurants, shopping, fresh markets, office space and a waterfront promenade with ample outdoor space and an open-air amphi-theater for live entertainment. Construction began in 2017 at a partial project cost of $90 million, paid by the developer, LA Waterfront Alliance (The Ratkovich Company and Jerico Development). The San Pedro Public Market is expected to open in 2020.
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The LA Waterfront consists of a series of waterfront development and community enhancement
projects blanketing more than 400 acres of existing Port of Los Angeles property in the harbor
communities of San Pedro and Wilmington. This area has changed dramatically over the last de-
cade, and there is still more to come. The Port of Los Angeles remains committed to supporting
projects that provide additional open space and encourage public access.
LA WATERFRONT REDEVELOPMENT
NEIGHBORHOOD
OPPORTUNITY
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WILMINGTON WATERFRONT PEDESTRIAN BRIDGEThe project would involve constructing a new bridge over an existing depressed rail yard, with renderings showing a new cable-stayed pedestrian bridge crossing the gap. The nine-acre Wilmington Waterfront project will be located at the end of this path abutting the harbor.
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DOWNTOWN DEVELOPMENT PROJECT
1. Nelson OneThe San Pedro water f ront revita lizat ion continues with a new
project unvei led June 16th by Los Angeles City Counci lman
Joe Buscaino. Nelson One is a 47-uni t project planned to be
bui l t at 533-537 Nelson Street near San Pedro ’s downtown
shopping and arts distr ict. The contemporary glass high-r ise
wi l l mirror the design of the 16-story Carmel Vue about a
block away at 255 W. Fi f th Street.
2. San Pedro Courthouse
Fol lowing a unanimous vote by the Los Angeles County
Board of Superv isors, Vancouver, Washington-based real
estate f i rm Hol land Partner Group is expected to bui ld a
mixed-use development on the 1.8-acre s i te that houses
the abandoned San Pedro Courthouse.
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3. Pappy’s Seafood Restaurant
The 5,000-square-foot lot at Sixth and Centre street was sold for $1.6 mil l ion late last year and plan to open Pappy’s, a seafood restaurant wi th craf t beer that a lso wi l l be a fu l l -spectrum venue for cater ing, enterta inment and specia l events.
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5. Port Town BrewerySince Fa l l 2017, Port Town Brewing Company has been operat ing a product ion brewery and tap room, as wel l as of fer ing brewery tours, beer to go and occasional specia l events. The group behind the pro ject are owners of San Pedro Brewing Company, the oldest operat ing brewery in the Ci ty of Los Angeles.
6. La Terra ApartmentsLaTerra Development plans to reposi t ion the project by re-ent i t l ing the s i te for 24 fee-simple homes under the popular Ci ty of Los Angeles Smal l Lot Ordinance. The homes are planned to have di rect access garages, and rooftop decks prov id ing valuable pr ivate outdoor open space, tak ing advantage of v iews of the harbor and the magni f icent Vincent Thomas San Pedro Br idge.
4. Palos Verde Apartment
Bever ly Hi l ls rea l estate investment f i rm Omninet Capi ta l , LLC submit ted plans for a res ident ia l- reta i l complex at 550-560 S. Palos Verdes Street. The project, which wouldspan across 2.5-acres, consists of a s ix-story structurethat would of fer 404 resident ia l uni ts above 5,200 squarefeet of ground-f loor reta i l space.
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MARKET OVERVIEW111 S GAFFEY ST • SAN PEDRO, CA 90731
BEST WESTERN PLUS HOTEL LA HARBOR
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SOUTH BAY-LONG BEACHOVERVIEW
The South Bay-Long Beach area of southwestern Los Angeles County
contains 21 miles of coastline between Long Beach and El Segundo
and includes Los Angeles International Airport, the Port of Los
Angeles and the Port of Long Beach. The region boasts a
population of approximately 1.3 million and is projected to grow
through 2022. High home values allow just half of households
to afford to own their home, generating a large rental market.
METRO HIGHLIGHTS
PORT ACTIVITY
The ports of Los Angeles and Long Beach are the two busiest
ports in the nation, underpinning employment in the trade,
transportation and utilities sector.
EDUCATED LABOR POOL
High educational attainment supports hiring in the business
services and healthcare sectors. Roughly 23 percent of
residents
STRATEGIC LOCATION
Los Angeles International Airport and two port facilities
provide an ideal location for e-commerce and logistics
companies.
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► The area’s economy historically relied on the aerospace industry and defense-related technologies, includingvices firms and corporate headquarters. Significant operations are held by American Honda Motor Co.,BP, Snapchat and Mattel.
► Widespread diversification in recent years has produced a large contingent of professional and businessservices firms and corporate headquarters.
► A growing population base and public healthcare have supported growth in the education and healthcaresector thanks to both public and private employers.
ECONOMY
1.3M2017
POPULATION:
487K2017
HOUSEHOLDS:
38.12017
MEDIAN AGE:
$70,000 2017 MEDIAN
HOUSEHOLD INCOME:
U.S. Median:
37.8U.S. Median:
$56,3002%Growth
2017-2022*:
0.5%Growth
2017-2022*:
DEMOGRAPHICS
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LOCAL ATTRACTIONS
► Crafted at the Port of LA
1.2 Miles from site
► Pappy's Seafood0.1 Miles from site
► The Whale & Ale0.01 Miles from site
► Neil's Pasta & Seafood Grill0.02 Miles from site
► Raffaello Ristorante0.5 Miles from site
► Port of LA World Cruise Center0.8 Miles from site
► Long Beach Cruise Center10.8 Miles from site
► Long Beach Convention Center10 Miles from site
► Trump National Golf Course5.7 Miles from site
► Fort MacArthur Museum2.5 Miles from site
► Catalina Express Cruise Terminal10 Miles from site
► Long Beach Aquarium9.8 Miles from site
► The LA Maritime Museum0.2 Miles from site
► USS Iowa0.8 Miles from site
RETAIL & RESTAURANTS
PARKS & RECREATION
TRANSPORTATION
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► Long Beach, Ca - Queen Mary Bus Stop
► Downtown Long Beach Station BE
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CALIFORNIASupply Wave Meets Hotel Accommodation Needs From Tourism and Business
California hotels’ occupancy, ADR and Rev-PAR continue to improve this year. Southern California drives
performance for the region, with San Diego and Orange County reporting the highest growth rates in Rev-
PAR and ADR, respectively, last year. San Diego tourism continues to benefit from profitable convention
activity. San Diego Comic-Con alone adds around 58,000 hotel room nights per year, with an estimated
economic impact of $143 million. Tourism for LA increased 2 percent in 2017, aided by 11 new nonstop
international routes into Los Angeles International Airport that make it easier for these travelers to add
Southern California entertainment venues to their schedule.
Investment landscape characterized by private investors seeking independent hotels in southern California.
Positive hotel performance fuels investor demand for Golden State hotels, evidenced by an increase in
transaction velocity last year across all chain scales. Overall, independent hospitality operations represented
43 percent of the deal pool. Regardless of classification, hotels located in the Inland Empire and in Los
Angeles continue to be the most sought after by buyers. Orange County and San Diego also reported a
higher number of trades, as region-leading increases in ADR and Rev-PAR drew investors’ attention. Non-
institutional buyers from the state are active in each of these four markets, seeking older vintage assets with
fewer than 100 rooms. Yields for such properties skew higher than the regional average of mid-7 percent,
offering greater initial first-year returns in top-tier markets.
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DEMOGRAPHICS
Population
In 2017, the population in San Pedro Area is 32,095. The
population has changed by 11.65% since 2000. It is estimated that the population in San Pedro Area will be 32,440 five years from now,
which represents a change of 1.07% from the current year. The
current population is 49.61% male and 50.39% female. The median age of the population in San Pedro Area is 33.32, compare this to the
US average which is 37.83. The population density in San Pedro Area
is 10,215.34 people per square mile.
Households
There are currently 11,061 households in San Pedro Area. The
number of households has changed by 15.68% since 2000. It is estimated that the number of households in San Pedro Area will be
11,467 five years from now, which represents a change of 3.67% from the current year. The average household size in San Pedro Area
is 2.80 persons.
Income Race and Ethnicity
The current year racial makeup of San Pedro Area is as follows:
48.08% White, 7.99% Black, 0.65% Native American and 4.64% Asian/
Pacific Islander. Compare these to US averages which are:
70.42% White, 12.85% Black, 0.19% Native American and 5.53%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race. People of Hispanic origin make up 69.80% of the current year population in San Pedro Area. Compare this to the US
average of 17.88%.
Housing
The median housing value in San Pedro Area was $426,997 in
2017, compare this to the US average of $193,953. In 2000, there were 1,956 owner occupied housing units in San Pedro
Area and there were 7,606 renter occupied housing units in
San Pedro Area. The median rent at the time was $564.
Employment
In 2017, there are 12,005 employees in San Pedro Area, this is also
known as the daytime population. The 2000 Census revealed that
44.87% of employees are employed in white-collar occupations in
this geography, and 54.73% are employed in blue-collar occupations.
In 2017, unemployment in this area is 10.32%. In 2000, the average
time traveled to work was 28.00 minutes.
In 2017, the median household income for San Pedro Area is
$32,528, compare this to the US average which is currently $56,286. The median household income for San Pedro Area has changed by
29.76% since 2000. It is estimated that the median household income in San Pedro Area will be $35,801 five years from now, which
represents a change of 10.06% from the current year.
The current year per capital income in San Pedro Area is $17,917,
compare this to the US average, which is $30,982. The current
year average household income in San Pedro Area is $50,364,
compare this to the US average which is $81,217.
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POPULATION 1 Mile 3 Miles 5 Miles§2022 Projection
Total Population 32,440 108,933 215,061§2017 Estimate
Total Population 32,095 108,298 214,504§2010 Census
Total Population 30,318 103,852 206,477§2000 Census
Total Population 28,747 103,289 203,458§Daytime Population
2017 Estimate 23,888 145,687 240,421HOUSEHOLDS 1 Mile 3 Miles 5 Miles§2022 Projection
Total Households 11,467 40,408 74,911§2017 Estimate
Total Households 11,061 39,675 73,568Average (Mean) Household Size 2.80 2.66 2.85
§2010 CensusTotal Households 10,412 37,785 70,370
§2000 CensusTotal Households 9,562 37,387 69,184
HOUSING UNITS 1 Mile 3 Miles 5 Miles§Occupied Units
2022 Projection 11,467 40,408 74,9112017 Estimate 11,653 41,141 75,658
HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles§2017 Estimate
$200,000 or More 1.84% 7.12% 7.40%$150,000 - $199,000 1.80% 6.96% 6.39%$100,000 - $149,000 6.76% 14.57% 14.30%$75,000 - $99,999 8.31% 11.53% 11.77%$50,000 - $74,999 15.78% 16.78% 17.71%$35,000 - $49,999 12.51% 10.68% 11.40%$25,000 - $34,999 13.56% 9.82% 9.81%$15,000 - $24,999 17.69% 11.13% 10.40%Under $15,000 21.75% 11.42% 10.81%
Average Household Income $50,364 $89,993 $91,433Median Household Income $32,528 $59,351 $60,173Per Capita Income $17,917 $33,438 $31,646POPULATION PROFILE 1 Mile 3 Miles 5 Miles§Population 25+ by Education Level
2017 Estimate Population Age 25+ 20,386 74,035 144,047Elementary (0-8) 16.78% 9.56% 10.35%Some High School (9-11) 15.28% 9.88% 10.50%High School Graduate (12) 25.44% 21.79% 22.40%Some College (13-15) 19.47% 22.34% 21.21%Associate Degree Only 6.81% 7.96% 7.48%Bachelors Degree Only 9.55% 16.79% 16.32%Graduate Degree 2.73% 9.41% 9.18%
Created on April 2018
DEMOGRAPHICS
44
HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles§ 2017 Estimate
$200,000 or More 1.84% 7.12% 7.40%$150,000 - $199,000 1.80% 6.96% 6.39%$100,000 - $149,000 6.76% 14.57% 14.30%$75,000 - $99,999 8.31% 11.53% 11.77%$50,000 - $74,999 15.78% 16.78% 17.71%$35,000 - $49,999 12.51% 10.68% 11.40%$25,000 - $34,999 13.56% 9.82% 9.81%$15,000 - $24,999 17.69% 11.13% 10.40%Under $15,000 21.75% 11.42% 10.81%
Average Household Income $50,364 $89,993 $91,433Median Household Income $32,528 $59,351 $60,173Per Capita Income $17,917 $33,438 $31,646POPULATION PROFILE 1 Mile 3 Miles 5 Miles§ Population 25+ by Education Level
2017 Estimate Population Age 25+ 20,386 74,035 144,047Elementary (0-8) 16.78% 9.56% 10.35%Some High School (9-11) 15.28% 9.88% 10.50%High School Graduate (12) 25.44% 21.79% 22.40%Some College (13-15) 19.47% 22.34% 21.21%Associate Degree Only 6.81% 7.96% 7.48%Bachelors Degree Only 9.55% 16.79% 16.32%Graduate Degree 2.73% 9.41% 9.18%
HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles§ 2017 Estimate
$200,000 or More 1.84% 7.12% 7.40%$150,000 - $199,000 1.80% 6.96% 6.39%$100,000 - $149,000 6.76% 14.57% 14.30%$75,000 - $99,999 8.31% 11.53% 11.77%$50,000 - $74,999 15.78% 16.78% 17.71%$35,000 - $49,999 12.51% 10.68% 11.40%$25,000 - $34,999 13.56% 9.82% 9.81%$15,000 - $24,999 17.69% 11.13% 10.40%Under $15,000 21.75% 11.42% 10.81%
Average Household Income $50,364 $89,993 $91,433Median Household Income $32,528 $59,351 $60,173Per Capita Income $17,917 $33,438 $31,646POPULATION PROFILE 1 Mile 3 Miles 5 Miles§ Population 25+ by Education Level
2017 Estimate Population Age 25+ 20,386 74,035 144,047Elementary (0-8) 16.78% 9.56% 10.35%Some High School (9-11) 15.28% 9.88% 10.50%High School Graduate (12) 25.44% 21.79% 22.40%Some College (13-15) 19.47% 22.34% 21.21%Associate Degree Only 6.81% 7.96% 7.48%Bachelors Degree Only 9.55% 16.79% 16.32%Graduate Degree 2.73% 9.41% 9.18%
POPULATION 1 Mile 3 Miles 5 Miles§ 2022 Projection
Total Population 32,440 108,933 215,061§ 2017 Estimate
Total Population 32,095 108,298 214,504§ 2010 Census
Total Population 30,318 103,852 206,477§ 2000 Census
Total Population 28,747 103,289 203,458§ Daytime Population
2017 Estimate 23,888 145,687 240,421HOUSEHOLDS 1 Mile 3 Miles 5 Miles§ 2022 Projection
Total Households 11,467 40,408 74,911§ 2017 Estimate
Total Households 11,061 39,675 73,568Average (Mean) Household Size 2.80 2.66 2.85
§ 2010 CensusTotal Households 10,412 37,785 70,370
§ 2000 CensusTotal Households 9,562 37,387 69,184
HOUSING UNITS 1 Mile 3 Miles 5 Miles§ Occupied Units
2022 Projection 11,467 40,408 74,9112017 Estimate 11,653 41,141 75,658
HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles§ 2017 Estimate
$200,000 or More 1.84% 7.12% 7.40%$150,000 - $199,000 1.80% 6.96% 6.39%$100,000 - $149,000 6.76% 14.57% 14.30%$75,000 - $99,999 8.31% 11.53% 11.77%$50,000 - $74,999 15.78% 16.78% 17.71%$35,000 - $49,999 12.51% 10.68% 11.40%$25,000 - $34,999 13.56% 9.82% 9.81%$15,000 - $24,999 17.69% 11.13% 10.40%Under $15,000 21.75% 11.42% 10.81%
Average Household Income $50,364 $89,993 $91,433Median Household Income $32,528 $59,351 $60,173Per Capita Income $17,917 $33,438 $31,646POPULATION PROFILE 1 Mile 3 Miles 5 Miles§ Population 25+ by Education Level
2017 Estimate Population Age 25+ 20,386 74,035 144,047Elementary (0-8) 16.78% 9.56% 10.35%Some High School (9-11) 15.28% 9.88% 10.50%High School Graduate (12) 25.44% 21.79% 22.40%Some College (13-15) 19.47% 22.34% 21.21%Associate Degree Only 6.81% 7.96% 7.48%Bachelors Degree Only 9.55% 16.79% 16.32%Graduate Degree 2.73% 9.41% 9.18%
Created on April 2018
DEMOGRAPHICS
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