Embed Size (px)
Citation preview
Approved PUD – 240 Apartments Brick Kiln ApartmentsSW corner of Salem Nobel rd. and County Road 403 • Charelestown, IN 47111
George Samutin
Tel: (502) 329-5923
Cel: (312) 953-7455
License: KY 218996
License: IN RB14048611
SURVEY MAP
BRICK KILN APARTMENTS
2
SURVEY MAP
BRICK KILN APARTMENTS
3
BRICK KILN APARTMENTS
Charelestown, IN
ACT ID Z0530058
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & 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.
DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has
been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References
to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
4
P R E S E N T E D B Y
George Samutin
Louisville Office
Tel: (502) 329-5923
Cel: (312) 953-7455
License: KY 218996
License: IN RB14048611
5
BRICK KILN APARTMENTS
6
INVESTMENT
OVERVIEW
PROPERTY OVERVIEW
BRICK KILN APARTMENTS
PROPERTY HIGHLIGHTS
Louisville MSA and adjacent to the Port of Indiana and Jeffersonville, approximately 64 acres approved PUD for 240 apartments. All utilities are on the site. The property is
conveniently located near major employers of River Ridge Commerce Center. The Commerce Center is a home to approximately 10 million square feet of production,
distribution and commercial space. Over a million square feet to commercial space was added in 2017. Just 10 miles north of the downtown Louisville, KY metro area, River
Ridge is conveniently situated with easy access to I-265, I-65, I-64, and I-71. Based on City of Jeffersonville Employment Forecasting and Housing Build-Out report it is
estimated that Jeffersonville will have nearly 48,000 jobs by 2022 and 71,470 by 2027. Based on existing commuter trends, the increased desirability of the Jeffersonville due to
regional patterns, it is estimated into the demand of 4,700 new housing units.
PROPERTY OVERVIEW
▪ Approved PUD - 240 apartments
▪ Utilities are on the site
▪ Land Area - 63 Acres (Approximately)
▪ Creek and hiking trails
▪ 3.2 miles - River Ridge Commerce Center
7
PRICE - $2,400,000
PROPERTY PHOTO
BRICK KILN APARTMENTS
8
AERIAL PHOTO
BRICK KILN APARTMENTS
9
#
LOCATION OVERVIEW
CLOSE PROXIMITY TO:
SW corner of Salem Nobel rd. and County Road 403, Charelestown, IN 47111
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEBRICK KILN APARTMENTS
PRICING AND VALUATION MATRIX
PROPERTY NAMEBRICK KILN APARTMENTS
LOCATION OVERVIEW
10
REGIONAL MAP
BRICK KILN APARTMENTS
11
BRICK KILN APARTMENTS
12
MARKET
OVERVIEW
MARKET OVERVIEW
OVERVIEW
LOUISVILLE
Home to the famous Kentucky Derby, the Louisville metro is composed of
Indiana’s Harrison, Washington, Clark, Floyd and Scott counties, as well
as Kentucky’s Jefferson, Spencer, Oldham, Trimble, Shelby, Bullitt and
Henry counties. Louisville in Kentucky is the region’s most populous city
with more than 618,000 citizens, followed by Jeffersonville, Indiana,
which has 47,000 residents. The Ohio River cuts through the region and
was an important player in the region’s development.
▪ Although the region’s economy has been historically dominated by the shipping and rail industries,
contemporary Louisville boasts a well-diversified economy focused on advanced manufacturing,
logistics, life sciences and healthcare, among other industry sectors.
▪ The UPS Worldport global air-freight hub at Louisville International Airport makes the region an
important player in global shipping and logistics.
▪ The metropolitan area is headquarters to three Fortune 500 companies: Humana, Yum Brands and
Kindred Healthcare.
DEMOGRAPHICS
1
ECONOMY
METRO HIGHLIGHTS
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
BRICK KILN APARTMENTS
CENTRALIZED LOCATIONApproximately 60 percent of U.S. cities are within a one-day drive of the metro,
providing access to large economic centers.
MAJOR DISTRIBUTION CENTERLouisville’s strategic geographic placement has made it a hub for the logistics
and distribution industries.
THE DERBYEvery year, attention is focused on Louisville when it hosts the Kentucky Derby,
the most acclaimed horse-racing event in the world.
1.3M
2017POPULATION:
518K
2017HOUSEHOLDS:
38.9
2017MEDIAN AGE:
$53,700
2017 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
37.8U.S. Median:
$56,3005.5%
Growth2017-2022*:
4.5%
Growth2017-2022*:
8
BRICK KILN APARTMENTS
DEMOGRAPHICS
14
PROPERTY NAME
MARKETING TEAM
BRICK KILN APARTMENTS
DEMOGRAPHICS
Source: © 2017 Experian
Created on June 2018
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Population 5,900 11,065 17,991
▪ 2017 Estimate
Total Population 5,768 10,510 16,674
▪ 2010 Census
Total Population 5,156 9,462 15,152
▪ 2000 Census
Total Population 5,030 8,480 12,638
▪ Daytime Population
2017 Estimate 4,191 7,383 11,122
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Households 2,345 4,189 6,753
▪ 2017 Estimate
Total Households 2,278 3,968 6,236
Average (Mean) Household Size 2.64 2.66 2.71
▪ 2010 Census
Total Households 2,047 3,586 5,686
▪ 2000 Census
Total Households 1,967 3,203 4,736
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2017 Estimate
$250,000 or More 1.06% 1.20% 1.80%
$200,000 - $249,999 0.97% 1.05% 1.47%
$150,000 - $199,999 2.36% 2.72% 4.57%
$125,000 - $149,999 3.09% 3.86% 5.99%
$100,000 - $124,999 7.53% 8.35% 9.94%
$75,000 - $99,999 12.86% 13.92% 14.91%
$50,000 - $74,999 20.31% 20.29% 19.93%
$35,000 - $49,999 17.48% 16.65% 14.63%
$25,000 - $34,999 9.77% 9.22% 8.25%
$15,000 - $24,999 10.69% 9.63% 7.95%
Under $15,000 13.89% 13.13% 10.54%
Average Household Income $60,755 $64,094 $75,458
Median Household Income $48,050 $51,815 $62,355
Per Capita Income $23,997 $24,196 $28,224
15
PROPERTY NAME
MARKETING TEAM
BRICK KILN APARTMENTS
DEMOGRAPHICS
Source: © 2017 Experian
Created on June 2018
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population by Age
0 to 4 Years 6.72% 6.70% 6.43%
5 to 14 Years 14.03% 14.37% 14.62%
15 to 17 Years 4.17% 4.33% 4.51%
18 to 19 Years 2.44% 2.45% 2.47%
20 to 24 Years 6.26% 6.11% 5.84%
25 to 29 Years 6.47% 6.11% 5.70%
30 to 34 Years 6.54% 6.40% 6.31%
35 to 39 Years 6.72% 6.84% 6.95%
40 to 49 Years 14.72% 14.70% 14.79%
50 to 59 Years 13.33% 13.32% 13.74%
60 to 64 Years 5.79% 5.82% 5.96%
65 to 69 Years 4.76% 4.91% 5.03%
70 to 74 Years 3.25% 3.21% 3.25%
75 to 79 Years 2.26% 2.18% 2.09%
80 to 84 Years 1.44% 1.38% 1.26%
Age 85+ 1.13% 1.15% 1.03%
Median Age 37.57 37.63 38.02
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population 25+ by Education Level
2017 Estimate Population Age 25+ 3,830 6,940 11,027
Elementary (0-8) 3.60% 3.02% 2.53%
Some High School (9-11) 9.48% 8.60% 7.79%
High School Graduate (12) 37.16% 36.72% 33.84%
Some College (13-15) 25.15% 24.96% 24.97%
Associate Degree Only 8.81% 9.18% 9.37%
Bachelors Degree Only 9.68% 10.82% 13.39%
Graduate Degree 5.15% 5.73% 7.31%
16
Income
In 2017, the median household income for your selected geography is
$48,050, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 34.39%
since 2000. It is estimated that the median household income in your
area will be $60,267 five years from now, which represents a change
of 25.43% from the current year.
The current year per capita income in your area is $23,997, compare
this to the US average, which is $30,982. The current year average
household income in your area is $60,755, compare this to the US
average which is $81,217.
Population
In 2017, the population in your selected geography is 5,768. The
population has changed by 14.67% since 2000. It is estimated that the
population in your area will be 5,900.00 five years from now, which
represents a change of 2.29% from the current year. The current
population is 48.61% male and 51.39% female. The median age of the
population in your area is 37.57, compare this to the US average
which is 37.83. The population density in your area is 1,834.06 people
per square mile.
Households
There are currently 2,278 households in your selected geography. The
number of households has changed by 15.81% since 2000. It is
estimated that the number of households in your area will be 2,345
five years from now, which represents a change of 2.94% from the
current year. The average household size in your area is 2.64
persons.
Employment
In 2017, there are 900 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
45.28% of employees are employed in white-collar occupations in this
geography, and 52.85% are employed in blue-collar occupations. In
2017, unemployment in this area is 6.38%. In 2000, the average time
traveled to work was 28.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
89.44% White, 1.96% Black, 0.01% Native American and 0.43%
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 8.47% of the current year
population in your selected area. Compare this to the US average of
17.88%.
PROPERTY NAME
MARKETING TEAM
BRICK KILN APARTMENTS
Housing
The median housing value in your area was $167,968 in 2017,
compare this to the US average of $193,953. In 2000, there were
1,272 owner occupied housing units in your area and there were 694
renter occupied housing units in your area. The median rent at the
time was $361.
Source: © 2017 Experian
DEMOGRAPHICS
17
