WHITEHALL - Basheer & Edgemoorebasheerandedgemoore.com › assets › whitehall... · Whitehall will be on the right side after 1.4 miles ... 2014. These lanes, referred to as HOT

WHITEHALLS P OT S Y LV A N I A , V A

RESIDENTIAL DEVELOPMENT FOR SALE

85 SINGLE FAMILY ESTATE LOTS

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OFFER REQUIREMENTSAll offers should include:

Seller reserves the right to accept an offer at any time during the marketing period. Seller reserves the right to remove the property from the market. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the property, to terminate discussions with any party at any time during the marketing period.

PURCHASE AND SALE AGREEMENT

A Purchase and Sale Agreement may be provided during the Best and Final process.

ADDITIONAL COMMENTS

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

• Land value in terms of a lump sum price. Pleasenote that the offer is to be based upon purchasingthe entire parcel, and all of the requireddevelopment obligations.

• Study Period – The Purchaser shall identify theduration of time required to study the Property.

• Deposit – The Deposit will be in two phases.

• Initial Deposit is due within three business daysof executing the Purchase and Sale Agreementsigning.

• Upon expiration of the Study Period, Purchasershall submit a Secondary Deposit.

• The collective Deposits will become non-refundable upon the expiration of the StudyPeriod.

• Source of funds for the development - Equity andDebt partners identified.

• Development experience in Spotsylvania County.

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TABLE OF CONTENTS

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THE PROPERTYExecutive Summary

Property Description

Property Plat

Property Aerial

AREA OVERVIEW

Area Summary

Local Amenities

MARKET OVERVIEW

Market Summary

New Home Projects

APPENDIX

Tax Map

Assessment Information

Project Boundary

Demographic Report

For Addit ional Information, Please Vis i t :www.BasheerAndEdgemoore.com

THE PROPERTYSECTION 1

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EXECUTIVE SUMMARYBasheer and Edgemoore is pleased to present

Whitehall--a 279-acre residential development

opportunity located just off the Route 3 corridor in

Spotsylvania County, Virginia. The Property is located

a short drive from I-95 and downtown Fredericksburg,

close to many dining and shopping options, with

parks, schools and recreational options nearby.

Whitehall consists of 111 lots, served by public water

and sewer. Phase I, consisting of 26 homes, was

completed and sold by the Seller. The remaining 85

lots are engineered—20 lots are ready for bonding

and construction, and 65 lots have preliminary plan

approval. Development of the lots can be phased , as

there are six remaining phases in the project. There

are no recorded covenants, and most lots back up to

almost 60 acres of perpetual open space.

Access to the Property is via Whitehall Boulevard, which

has been completed through to the Property, off of

Herndon Road. All site studies have been completed.

William A. Hazel completed a site development

proposal—costs per lot of approximately $69,280.

Homes in this private community will enjoy a tranquil

setting with pastoral views, superior schools, nearby

shopping, state and national parks, golf, fishing and

many other recreational options. While Whitehall

will enjoy open spaces in perpetuity, it is conveniently

located close to the I-95 corridor, approximately

midway between Washington, DC and Richmond.

Whitehall represents a rare opportunity to acquire a

shovel-ready large lot residential development site in a

desirable location and setting.

LOCATIONWhitehall BoulevardSpotsylvania, Virginia

SIZE279 Acres85 approved lots—minimum lot size of 2 acres

PROFFERS None (no cash proffers or offsite responsibilities)

ACCESS Whitehall Boulevard (completed to site) via Herndon Road

ZONING RU, Spotsylvania County

UTILITIES Public water and sewer, at Property boundary

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PROPERTY SIZE 279 Acres

LOCATION East of Herndon Road along Whitehall Boulevard in Spotsylvania County, Virginia

DIRECTIONS From Interstate 95 South, take Exit 130B onto VA-3 West towards Culpeper. Follow VA-3 West for 9.6 miles and turn left onto Orange Plank Road. Take Orange Plank Road for 0.2 miles and take the first left onto Herndon Road. Whitehall will be on the right side after 1.4 miles via Whitehall Boulevard.

TAX MAP Spotsylvania County Parcel ID Number 20-A-1A

ENTITLEMENT STATUS Phase II, consisting of twenty lots (1 – 8 and 74 – 85) are fully approved and ready for bonding. Final site plan for phase II is Plan # ST13-0008. This plan will need to post a surety for erosion and sediment control in the amount of $184,996.88 (as of 2015) and can be in the form of cash, insurance bond or bank letter of credit. The performance surety amounts were not provided because the County did not need this to release the plan.

The remaining 65 lots across phases III through VII have Preliminary Plan approval. It is estimated that it will take six to eight months for final approval.

ZONING Whitehall is zoned Rural (Ru) Cluster, which allows for single family detached residential at one unit per two acres, while also protecting and maintaining rural character.

UTILITIES Public Water and Public Sewer

TOPOGRAPHY Mostly flat

LAND DEVELOPMENT COSTS A Land Development Proposal, dated April 1, 2015, was completed by William A. Hazel, Inc. The proposal is for the development work associated with Phase II of Whitehall and totals $1,385,569.07 or approximately $69,278 per lot.

SITE CONDITIONS The property is accessed via Whitehall Boulevard and Phase I of the community. This phase is completely built out by Basheer & Edgemoore.

PROPERTY DESCRIPTION

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PROFFERS AND IMPACT FEES There are no proffer fees associated with Whitehall. For new single family detached homes, the water and sewer availability fees are based upon meter size.

ASSESSED VALUE AND PROPERTY TAX

Land: $1,579,300

Deferred (Land Use): (1,482,742)

Total: $96,558

Annual Tax: $820.74

METER SIZE 5/8”

WATER AVAILABILITY FEE $4,920 (2015)

WATER CONNECTION FEE $1,290 (2015)

SEWER AVAILABILITY FEE $4,920 (2015)

PROPERTY DESCRIPTIONC O N T.

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WHITEHALL BLVD

JACKSON TRAIL E

PHASE ICOMPLETED

PROPERTY PLAT MAP

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SITE

PHASE ICOMPLETED

PROPERTY AERIAL

AREA OVERVIEWSECTION 2

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Spotsylvania County is one of Virginia’s fastest-growing counties, featuring a mix of pastoral landscapes convenient to shopping, dining, parks, schools and entertainment. The County is located midway between Washington, DC and Richmond; both of which are accessible via Interstate 95.

Whitehall is well located to take advantage of all that Spotsylvania County and the neighboring City of Fredericksburg have to offer. The Greater Fredericksburg area is home to a large concentration of retail and restaurant options; all within a quick drive of Whitehall. The west side of Fredericksburg includes a number of commercial centers including Central Park, the largest unenclosed mall on the East Coast. A Wegmans grocery store is located just north of Central Park. Closer to the community is Harrison Crossing, a shopping center anchored by a Giant grocery store, Petco, Home Depot, and Walgreen’s.

Recreational opportunities in Spotsylvania attract a wide range of interests. Wilderness Presidential Resorts is located less than a four mile drive from the community. The family-oriented retreat includes over 600 acres of forest and waterways including the 65-acre Hazel Grove Lake and the 50-acre Cool Spring Lake. Outside of recreational opportunities on and around the lakes,

visitors can enjoy two outdoor pools, an indoor pool, an adventure course, indoor gym and fitness center, multiple playgrounds and golf.

Known as the “Crossroads of the Civil War,” Spotsylvania County is rich in history. This is most evident with the 8,400 acre Fredericksburg and Spotsylvania County Battlefields National Military Park. The park has been described as the place that most vividly reflects the War’s tragic cost in all its form and is commemorated with the preservation of four major battlefields and historic buildings including the home where Stonewall Jackson died. The City of Fredericksburg has its own role in American history having served as a prominent port during the colonial era and having seen its clashes during the Civil War. Today, tourism is a major draw to its historic sites, museums, and local events along the Rappahannock River. The historic district includes more than 350 buildings dating back to the 18th and 19th centuries. In addition to the history lesson, visitors can partake in a wide range of activities including shopping in Old Town among the specialty boutiques, antique stores and art galleries, taking in a show at the Riverside Center Dinner Theater, or enjoying a culinary treat one of the areas many restaurants.

AREA SUMMARY

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AREA SUMMARYC O N T.

An Arnold Palmer Golf Course and County Club is within the Fawn Lake community, of which non-residents can join and take advantage of dining options, events, and classes.

Additionally, the city is home to the University of Mary Washington, a public institution with an undergraduate enrollment of 4,383 students. Founded in 1908, the University of Mary Washington is recognized as one of the country’s premier, selective public liberal arts and sciences universities. U.S. News and World Report ranked the school as the 4th best public regional university in the South.

Mary Washington Hospital, also located within Fredericksburg, is a general medical and surgical hospital with 437 beds and a trauma center. The hospital is well recognized with high-performing rankings in regards to a multitude of specialties includes neurology and neurosurgery, pulmonology, orthopedics, geriatrics, and diabetes and endocrinology. U.S. News and World Report ranked the hospital 5th of all Washington, DC area hospitals; ahead of Inova Alexandria, George Washington University Hospital, and MedStar Georgetown University Hospital.

The I-95 Express Lanes opened in late December 2014. These lanes, referred to as HOT lanes, operate as both high-occupancy lanes (free for vehicles

following the HOV-3 rules) and toll lanes (fee based on demand with rates as low as 20 cents per mile during less busy times). The 95 Express Lanes now offer alternative access north and south along I-95; between Garrisonville Road in Stafford County to Edsall Road in Fairfax County (just south of the City of Alexandria).In addition to I-95, the area offers several commuting alternatives--the Virginia Railway Express (VRE) provides rail service up to Union Station in Washington, DC, with stops in Springfield, Alexandria, and Crystal City. An Amtrak rail station is also located in Fredericksburg along the Northeast Regional and Carolinian/Piedmont routes.

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AMENITIES MAP

WHITEHALL CHANCELLOR

HARRISON CROSSING CENTRAL PARKSPOTSYLVANIACROSSING

CHANCELOR CENTER SPOTSYLVANIA TOWNE CENTER

MARKET OVERVIEWSECTION 3

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The Greater Fredericksburg Region is located midway between Washington, DC and Richmond, providing access to two major employment hubs as well as offering a growing business base locally. The U.S. Census data show similar concentrations of industry jobs in Spotsylvania County as those of neighboring Stafford and Fredericksburg with a high percentages of healthcare and education service jobs in the area. The top employers in the region include Mary Washington Hospital, the University of Mary Washington, HCA Virginia Health System (operator of the Spotsylvania Regional Medical Center) , Medicorp Health System and the local public school systems.

The Greater Fredericksburg Region is also home to Marine Corps Base Quantico, one of the largest US Marine Corp bases in the county. In addition to its function as a marine base (with the Corps Combat Development Command and Corps Research Center), Quantico serves as the principal research and training center for the FBI and the principal training center of the DEA. The base is also home to other agencies including the Defense Intelligence Agency, the Naval Criminal Investigative Service, the Army Criminal Investigation Command and the Air Force Office of Special Investigation.

New business and expansion in Spotsylvania County has been robust. Lidl, a German global discount

grocery chain, recently broke ground on a $125 million distribution center facility in the County that is expected to generate 200 new jobs. The distribution center is expected to be completed by the middle of 2017. Commuting to work outside the County is quite common for residents in Spotsylvania. According to data from the US Census Bureau, over 56% of County residents work outside Spotsylvania with 24% having an hour or more travel time to work. Employment centers in Northern Virginia and Washington, DC are accessible via Interstate 95 and the Virginia Railway Express.

Whitehall is located within Spotsylvania’s 22553 zip code. The median household income within the 22553 zip code is one of the highest in the County--over 18% higher than that of the County median. A deeper look at the income data shows over 45% of the households had an income over $100,000.

According to the MetroStudy data, new home closings in Spotsylvania County have climbed for the past three years along with a spike in transaction values. The median new home transaction price per square foot increased by nearly 15% (from $132 to $151) year-over-year. This price per square foot value is at its highest point since 2011 according to the data. The County has also seen over 40% of new home closings surpassing the $400,000 price point, including nearly 15% above $500,000.

MARKET SUMMARY

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EXISTING HOMES SALES

Residential resale transactions in the vicinity of Whitehall provide a positive outlook for new housing in the area. According to the MRIS resale transaction data, the average price of a home, built no later than 1990 with over a one acre lot was $439,176 or $147 per square foot. The average price increases to $481,538 or $150 per square foot for homes built no later than 2000. This data shows a pricing premium placed on the newer homes in this area. Further, the data suggest that with new home per square foot pricing in line with these resales, a builder could compete directly with the resale market.

PHASE I SALES AT WHITEHALL

Sales within the first phase of Whitehall were completed by Basheer & Edgemoore, with the last closing occurring in 2013. The sale prices ranged from $500,000 to $1,100,000. A recent resale home in the community sold in September of 2014 at $680,000 for a 4,813 square foot home on a 2.18 acre lot.

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NEW HOME PROJECTS

FAWN LAKE

Fawn Lake is a gated community offering resort style living centered around a private 288 acre lake. An Arnold Palmer Golf Course and County Club is within the community.

M/I Homes emphasizes first floor living with their product offering with only one plan with a second story master. The lots (1/4 acre lots) and house plans are some of the smallest in the community. As a result, M/I has the lower base priced homes in Fawn Lake with base pricing between $371,990 to $421,990 for homes ranging in size from 2,294 square feet to 2,927 square feet. With options, pricing can reach into the high $400’s. In fact, since February 2015, sales have averaged over $477,000.

Atlantic Builders is a regional builder with new home communities throughout the Greater Fredericksburg area. The builder offers eight home types featuring an even mix of first floor and second floor master bedroom floor plans on half-acre homesites. In contrast to M/I Homes, Atlantic Builders focuses on larger plans with only one home under 2,900 base square feet. Plans range in size from 2,313 square feet to 5,300 square feet, but with three-quarters of the plans between 2,909 square feet and 4,100 square feet. Base pricing ranges from $434,900 to $559,900. Each plan offers a wide range of structural options including a 3-car garage, side entry garages, as well as rear and side extensions and rooms.

The average annual rates for Fawn Lake are 18 home starts and 21 closings, with 9 starts and 8 closings through the first two quarters of 2016.

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SAWHILL

Augustine Homes is a local home builder with communities in Fredericksburg, Stafford, Spotsylvania, Culpeper, and King George Counties.

The current Sawhill section features half-acre to one-acre lots in a cul-de-sac enclave just west of the intersection of Catharpin Road and Old Plank Road. The builder offers plans that range in size from 2,900 square feet to 3,580 square feet along with included features such as a gourmet kitchen with black appliances, 42” flat panel oak cabinets, granite countertops, hardwood flooring in the foyer, hall, and kitchen, gas fireplace, and a colonial trim package. Base pricing ranges from the low $400s to the low $500s. Sales have averaged $563,513 since February 2015 according to the MetroStudy data. Augustine is selling into the next section, Augustine at Sawhill, just south of the Sawhill enclave and adjacent to Wilderness Elementary School and Ni River Middle School. This section totals 56 lots that are up to four acres in size.

The average annual rates for Sawhill are 6 home starts and 6 closings, with 3 starts through the first two quarters of 2016.

REGENCY AT CHANCELLORSVILLE

The Regency at Chancellorsville is a gated, active-adult community by Toll Brothers located just off of VA Route 3 (Plank Road). Toll Brothers offers a package that includes a clubhouse with indoor and outdoor pools, tavern room, fitness area, meeting room, bocce court, and a putting green. The community features four home plans, all with two bedrooms (including a 1st floor master) and 2 bathrooms. The homes are on the smaller side, with the largest home at 2,026 square feet. This will not compete directly with Whitehall, but the base price per square foot at the community is impressive; ranging from $166 to over $190 per square foot. The lots are typically 6,600 square feet in size.

The average annual rates for Regency at Chancellorsville are 38 home starts and 31 closings, with 22 starts and 17 closings through the first two quarters of 2016.

NEW HOME PROJECTSC O N T.

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FAWNLAKE4.0 MILES

SAWHILL2.2 MILES

REGENCY AT CHANCELLORSVILLE4.O MILES

WHITEHALL

APPENDIXSECTION 4

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TAX MAP

Title: Parcel View Date: 9/16/2016DISCLAIMER: The geographic data you are about to access are electronic public records as defined by the Code ofVirginia,1950, Section 2.2-3704. This information is made available as a public service. Spotsylvania County assumes noresponsibilityfor any action or actions taken by users of this information. Spotsylvania County shall not be liable to the useror to any other person for the use or misuse of this data. This information is for general information only and shall not beused for thedesign, modification, or construction of improvements to real property or for flood plain determination. If youbelieve anydata provided is inaccurate, please inform the GIS Division by e-mail at [email protected]

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ASSESSMENT INFORMATION (2016)

DISCLAIMER: This data is provided without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantabilityand fitness for a particular purpose. Any person, firm or corporation which uses this map or any of the enclosed information assumes all risk for the inaccuracy thereof,

as the County of Spotsylvania expressly disclaims any liability for loss or damage arising from the use of said information by any third party.

September 16, 2016

Spotsylvania, VirginiaParcel ID Number (PIN): Property Address: Owner: Billing Address:20-A-1A 0 Whitehall BLVD Basheer/Edgemoore-Whitehall

LLC2071 Chain Bridge RD

Spotsylvania, VA Attn: Brent Lindstrom VIENNA, VA 22182

General Information

Subdivision: Basheer/Edgemore-Whitehall LLCLegal Description 1: White HallLegal Description 2: Parcel ALegal Land Area: 279.07

Voting District Information

Voting: LivingstonPrecinct: BROCKState House: 54State Senate: 28Congressional: 07Polling Place: BROCK ROAD ELEMENTARY

SCHOOLPolling Address: 10207 BROCK ROAD

This information listed above is based upon the location of the selected parcel inrelation to the voting districts and is provided for general information purposes only.

Since voting districts generally do not follow neatly along property lines, you canverify your voting location by using the map. Any specific questions about whereyou vote should be directed to the Spotsylvania County Voter Registrar’s Office at

(540) 507-7380.

Census

Magisterial: CHANCELLOR DISTRICTCensus Block: 3096Census Tract: 201.04TAZ: 1760First Due : 7

School Information

Elementary School: Brock Road ElementaryMiddle School: Ni River MiddleHigh School: Riverbend HighSchool information is based upon the location of the selected parcel in relation tothe school districts and is provided for general information purposes only. Please

verify with the Spotsylvania County School Administration Office's Bus StopInformation Website.

Land Development

Zoning: RUAgForestal District: NAirport Protection Overlay District: NHistoric Overlay District: NHighway Corridor Overlay District: NReservoir Protection Overlay District: YRiver Protection Overlay District: N

Environmental Constraints

Resource Protection Area (RPA): NFEMA 100 Year Flood Plain: NWatershed: F15SubWatershed: YO38

Assessment(2016)

Building Assessment: $Land Assessment: $1,579,300Year Built: 0Sq Footage: No DataTransfer Date: 12/15/2015Instrument Number: 201500021069Book Number: No DataPage: No Data

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PROJECT BOUNDARY

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DEMOGRAPHIC REPORTDEMOGRAPHIC COMPREHENSIVE

38.289807,-77.672029

1 Mile 3 Miles 5 Miles 10 Miles

2016 Businesses 7 106 344 4,065

2016 Employees 128 1,110 2,431 47,769

2016 Population - Current Year Estimate 196 6,813 23,889 122,964

2021 Population - Five Year Projection 203 7,225 25,567 133,517

2010 Population - Census 190 6,463 22,343 112,164

2000 Population - Census 116 4,164 16,301 78,520

2010-2016 Annual Population Growth Rate 0.50% 0.85% 1.08% 1.48%

2016-2021 Annual Population Growth Rate 0.70% 1.18% 1.37% 1.66%

2016 Population 1 9 6 6 ,813 23 ,889 122 ,964Age 0-4 12 6.1% 379 5.6% 1,372 5.7% 8,043 6.5%Age 5-9 19 9.7% 482 7.1% 1,656 6.9% 8,659 7.0%Age 10-14 19 9.7% 591 8.7% 1,942 8.1% 9,196 7.5%Age 15-19 14 7.1% 533 7.8% 1,787 7.5% 8,359 6.8%Age 20-24 9 4.6% 371 5.4% 1,359 5.7% 7,762 6.3%Age 25-29 7 3.6% 323 4.7% 1,330 5.6% 8,314 6.8%Age 30-34 11 5.6% 360 5.3% 1,341 5.6% 8,089 6.6%Age 35-39 15 7.7% 400 5.9% 1,431 6.0% 7,835 6.4%Age 40-44 17 8.7% 491 7.2% 1,637 6.9% 8,281 6.7%Age 45-49 18 9.2% 561 8.2% 1,843 7.7% 8,767 7.1%Age 50-54 12 6.1% 536 7.9% 1,929 8.1% 8,972 7.3%Age 55-59 11 5.6% 508 7.5% 1,810 7.6% 8,123 6.6%Age 60-64 10 5.1% 419 6.2% 1,471 6.2% 6,683 5.4%Age 65-69 8 4.1% 344 5.0% 1,188 5.0% 5,622 4.6%Age 70-74 7 3.6% 239 3.5% 837 3.5% 4,025 3.3%Age 75-79 4 2.0% 134 2.0% 467 2.0% 2,671 2.2%Age 80-84 3 1.5% 87 1.3% 280 1.2% 1,806 1.5%Age 85 and Older 2 1.0% 56 0.8% 207 0.9% 1,756 1.4%

2016 Median Age 37.7 39.6 39.0 37.0

2016 Population 1 9 6 6 ,813 23 ,889 122 ,964

White 158 80.6% 5,689 83.5% 18,952 79.3% 87,560 71.2%

Black or African American 27 13.8% 634 9.3% 2,739 11.5% 19,892 16.2%

Asian 4 2.0% 153 2.2% 538 2.3% 3,755 3.1%

American Indian or Alaska Native 2 1.0% 24 0.4% 82 0.3% 498 0.4%

Pacific Islander 0 0.0% 8 0.1% 39 0.2% 183 0.1%

Other Race 2 1.0% 117 1.7% 666 2.8% 5,798 4.7%

Two or More Races 3 1.5% 188 2.8% 874 3.7% 5,278 4.3%

Hispanic 8 4.1% 377 5.5% 1,791 7.5% 13,004 10.6%

White Non-Hispanic 152 77.6% 5,474 80.3% 18,072 75.6% 81,938 66.6%

©2016 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri Page 1 ProjectID:127290

PLACE OF WORK

POPULAT ION

A G E

RACE AND ETHNIC ITY

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DEMOGRAPHIC REPORTDEMOGRAPHIC COMPREHENSIVE

38.289807,-77.672029


2016 Population 25 and Over 1 2 3 4 ,456 15 ,773 80 ,945

Less than 9th Grade 4 3.3% 110 2.5% 345 2.2% 2,026 2.5%

9-12th Grade - No Diploma 7 5.7% 258 5.8% 926 5.9% 4,779 5.9%

High School Diploma 29 23.6% 877 19.7% 3,368 21.4% 20,350 25.1%

GED or Alternative Credential 6 4.9% 221 5.0% 836 5.3% 2,862 3.5%

Some College - No Degree 36 29.3% 1,057 23.7% 3,700 23.5% 18,013 22.3%

Associate`s Degree 15 12.2% 378 8.5% 1,279 8.1% 6,333 7.8%

Bachelor`s Degree 13 10.6% 920 20.6% 3,100 19.7% 16,347 20.2%

Graduate or Professional Degree 13 10.6% 635 14.3% 2,219 14.1% 10,235 12.6%

2016 Households - Current Year Estimate 69 2,236 7,759 42,574

2021 Households - Five Year Projection 71 2,370 8,295 46,102

2010 Households - Census 67 2,126 7,271 39,042

2000 Households - Census 43 1,392 5,346 27,738

2010-2016 Annual Household Growth Rate 0.47% 0.81% 1.04% 1.40%

2016-2021 Annual Household Growth Rate 0.57% 1.17% 1.34% 1.60%

2016 Average Household Size 2.84 3.05 3.08 2.88

2016 Households 6 9 2 ,236 7 ,759 42 ,574

Under $15,000 2 2.9% 95 4.2% 268 3.5% 2,552 6.0%

$15,000-$24,999 3 4.3% 44 2.0% 202 2.6% 2,292 5.4%

$25,000-$34,999 3 4.3% 92 4.1% 296 3.8% 2,310 5.4%

$35,000-$49,999 5 7.2% 188 8.4% 671 8.6% 4,745 11.1%

$50,000-$74,999 12 17.4% 373 16.7% 1,280 16.5% 7,093 16.7%

$75,000-$99,999 13 18.8% 315 14.1% 1,224 15.8% 6,496 15.3%

$100,000-$149,999 21 30.4% 612 27.4% 2,108 27.2% 9,873 23.2%

$150,000-$199,999 5 7.2% 278 12.4% 1,014 13.1% 4,349 10.2%

$200,000 and Over 6 8.7% 238 10.6% 697 9.0% 2,864 6.7%

2016 Average Household Income $104,550 $114,577 $111,255 $96,110

2021 Average Household Income $114,166 $124,376 $121,177 $103,480

2016 Median Household Income $92,717 $100,486 $98,374 $82,179

2021 Median Household Income $100,518 $106,546 $105,676 $89,853

2016 Per Capita Income $32,821 $36,826 $36,137 $33,415

2021 Per Capita Income $35,607 $39,927 $39,317 $35,860


EDUCAT ION

HOUSEHOLDS

HOUSEHOLD INCOME

C O N T.

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DEMOGRAPHIC COMPREHENSIVE

38.289807,-77.672029


2010-2014 Work Away From Home 16+ 9 2 2 ,630 10 ,067 53 ,626

Under 5 Minutes 3 3.3% 31 1.2% 59 0.6% 602 1.1%

5-9 Minutes 2 2.2% 34 1.3% 321 3.2% 3,346 6.2%

10-14 Minutes 3 3.3% 76 2.9% 480 4.8% 4,204 7.8%

15-19 Minutes 3 3.3% 200 7.6% 1,308 13.0% 8,019 15.0%

20-24 Minutes 36 39.1% 443 16.8% 1,517 15.1% 6,739 12.6%

25-29 Minutes 3 3.3% 164 6.2% 607 6.0% 3,174 5.9%

30-34 Minutes 9 9.8% 461 17.5% 1,439 14.3% 5,395 10.1%

35-39 Minutes 5 5.4% 122 4.6% 399 4.0% 1,303 2.4%

40-44 Minutes 2 2.2% 142 5.4% 368 3.7% 1,701 3.2%

45-59 Minutes 7 7.6% 275 10.5% 958 9.5% 5,380 10.0%

60-89 Minutes 6 6.5% 328 12.5% 1,401 13.9% 7,961 14.9%

Over 90 Minutes 11 12.0% 353 13.4% 1,209 12.0% 5,801 10.8%

2016 Owner Occupied Housing Units 6 1 1 ,995 6 ,787 30 ,930

Under $50,000 0 0.0% 40 2.0% 173 2.5% 750 2.4%

$50,000-$99,999 2 3.3% 55 2.8% 116 1.7% 584 1.9%

$100,000-$149,999 2 3.3% 66 3.3% 230 3.4% 1,498 4.8%

$150,000-$199,999 2 3.3% 172 8.6% 715 10.5% 3,804 12.3%

$200,000-$249,999 8 13.1% 200 10.0% 858 12.6% 4,413 14.3%

$250,000-$299,999 9 14.8% 178 8.9% 691 10.2% 4,469 14.4%

$300,000-$399,999 23 37.7% 415 20.8% 1,538 22.7% 7,779 25.2%

$400,000-$499,999 7 11.5% 220 11.0% 836 12.3% 3,363 10.9%

$500,000-$749,999 1 1.6% 340 17.0% 987 14.5% 2,838 9.2%

$750,000-$999,999 3 4.9% 226 11.3% 441 6.5% 1,005 3.2%

$1,000,000 and Over 3 4.9% 82 4.1% 201 3.0% 427 1.4%

2016 Median Value of Owner Occ. Housing Units $330,435 $368,916 $339,662 $299,407

2016 Average Value of Owner Occ. Housing Units $387,083 $448,558 $400,601 $341,425

2010-2014 Housing Units 7 1 2 ,209 7 ,585 42 ,845

1 Unit -Detached 62 87.3% 2,055 93.0% 7,303 96.3% 32,961 76.9%

1 Unit -Attached 3 4.2% 18 0.8% 28 0.4% 2,538 5.9%

2 Units 0 0.0% 0 0.0% 0 0.0% 92 0.2%

3-4 Units 0 0.0% 0 0.0% 0 0.0% 268 0.6%

5-9 Units 1 1.4% 8 0.4% 32 0.4% 881 2.1%

10-19 Units 0 0.0% 0 0.0% 0 0.0% 2,400 5.6%

20-49 Units 0 0.0% 24 1.1% 24 0.3% 1,257 2.9%

50 and Over 0 0.0% 0 0.0% 0 0.0% 1,396 3.3%

Mobile Home 5 7.0% 104 4.7% 198 2.6% 1,006 2.4%

Other Units 0 0.0% 0 0.0% 0 0.0% 47 0.1%


TRAVEL T IME

HOUS ING VALUE

HOUS ING UN ITS

DEMOGRAPHIC REPORTC O N T.

27

WHITEHALL


38.289807,-77.672029


2016 Hispanic Population 8 3 7 7 1 ,791 13 ,004

Hispanic: White 5 62.5% 215 57.0% 880 49.1% 5,622 43.2%

Hispanic: Black or African American 0 0.0% 17 4.5% 98 5.5% 566 4.4%

Hispanic: Asian 1 12.5% 5 1.3% 17 0.9% 113 0.9%

Hispanic: American Indian or Alaska Native 0 0.0% 2 0.5% 12 0.7% 110 0.8%

Hispanic: Pacific Islander 0 0.0% 0 0.0% 5 0.3% 13 0.1%

Hispanic: Other Race 2 25.0% 103 27.3% 618 34.5% 5,502 42.3%

Hispanic: Two or More Races 0 0.0% 36 9.5% 162 9.0% 1,077 8.3%

2016 Population 1 9 6 6 ,813 23 ,889 122 ,964

Males 99 50.5% 3,415 50.1% 11,850 49.6% 59,966 48.8%

Females 97 49.5% 3,398 49.9% 12,039 50.4% 62,998 51.2%

2016 Population 15+ 1 4 6 5 ,361 18 ,918 97 ,066

Never Married 34 23.3% 1,411 26.3% 5,143 27.2% 27,860 28.7%

Married 82 56.2% 3,175 59.2% 11,200 59.2% 55,731 57.4%

Widowed 5 3.4% 173 3.2% 722 3.8% 4,846 5.0%

Divorced 25 17.1% 602 11.2% 1,853 9.8% 8,629 8.9%

2016 Civi l ian Population 16+ in Labor Force 9 1 3 ,276 11 ,957 61 ,505

2016 Employed Civilian Population 16+ 84 92.3% 3,166 96.6% 11,491 96.1% 58,929 95.8%

2016 Unemployed Population 16+ 7 7.7% 110 3.4% 466 3.9% 2,576 4.2%

2016 Employed Civi l ian Population 16+ 8 4 3 ,166 11 ,491 58 ,929

White Collar 54 64.3% 1,954 61.7% 7,123 62.0% 37,699 64.0%

Services 11 13.1% 552 17.4% 2,193 19.1% 11,227 19.1%

Blue Collar 18 21.4% 661 20.9% 2,178 19.0% 10,005 17.0%


HISPANIC OR IG IN

GENDER

MAR ITAL STATUS

EMPLOYMENT STATUS

CLASS OF WORKER


28

WHITEHALL


38.289807,-77.672029



Management 11 13.1% 456 14.4% 1,485 12.9% 6,766 11.5%

Business and Financial 3 3.6% 158 5.0% 634 5.5% 3,342 5.7%

Computer and Mathematical 1 1.2% 133 4.2% 506 4.4% 3,105 5.3%

Architecture and Engineering 0 0.0% 48 1.5% 232 2.0% 1,244 2.1%

Life, Physical and Social Science 0 0.0% 6 0.2% 22 0.2% 445 0.8%

Community and Social Service 0 0.0% 29 0.9% 164 1.4% 689 1.2%

Legal 0 0.0% 1 0.0% 25 0.2% 289 0.5%

Education, Training and Library 3 3.6% 133 4.2% 539 4.7% 3,456 5.9%

Arts, Design and Entertainment, Sports and Media 1 1.2% 75 2.4% 202 1.8% 981 1.7%

Healthcare Practitioner and Technical 11 13.1% 200 6.3% 666 5.8% 3,308 5.6%

Healthcare Support 1 1.2% 58 1.8% 136 1.2% 1,329 2.3%

Protective Service 2 2.4% 111 3.5% 507 4.4% 2,641 4.5%

Food Preparation and Serving Related 7 8.3% 227 7.2% 774 6.7% 3,255 5.5%

Building and Grounds Cleaning and Maintenance 1 1.2% 85 2.7% 391 3.4% 1,979 3.4%

Personal Care and Service 0 0.0% 71 2.2% 385 3.4% 2,023 3.4%

Sales and Related 7 8.3% 307 9.7% 1,150 10.0% 6,111 10.4%

Office and Administrative Support 17 20.2% 408 12.9% 1,498 13.0% 7,963 13.5%

Farming and Fishing and Forestry 0 0.0% 1 0.0% 22 0.2% 67 0.1%

Construction and Extraction 7 8.3% 179 5.7% 537 4.7% 3,201 5.4%

Installation, Maintenance and Repair 7 8.3% 183 5.8% 450 3.9% 1,783 3.0%

Production 0 0.0% 97 3.1% 379 3.3% 1,672 2.8%

Transportation and Material Moving 4 4.8% 201 6.3% 790 6.9% 3,282 5.6%

2010-2014 Workers 16 and Older 9 5 2 ,859 10 ,714 55 ,854

Drove Alone 79 83.2% 2,266 79.3% 8,636 80.6% 43,561 78.0%

Carpooled 10 10.5% 291 10.2% 1,106 10.3% 7,294 13.1%

Bus 0 0.0% 15 0.5% 55 0.5% 509 0.9%

Streetcar 0 0.0% 0 0.0% 0 0.0% 0 0.0%

Subway 0 0.0% 2 0.1% 14 0.1% 60 0.1%

Railroad 1 1.1% 24 0.8% 107 1.0% 1,084 1.9%

Ferryboat 0 0.0% 0 0.0% 0 0.0% 0 0.0%

Taxicab 0 0.0% 0 0.0% 0 0.0% 14 0.0%

Motorcycle 0 0.0% 10 0.4% 22 0.2% 105 0.2%

Bicycle 0 0.0% 0 0.0% 0 0.0% 38 0.1%

Walked 0 0.0% 0 0.0% 7 0.1% 387 0.7%

Other Means 1 1.1% 21 0.7% 121 1.1% 574 1.0%

Work at Home 3 3.2% 229 8.0% 646 6.0% 2,228 4.0%


OCCUPAT ION

COMMUTE


29

WHITEHALL


38.289807,-77.672029



Agriculture, Forestry, Fishing, and Hunting 0 0.0% 14 0.4% 72 0.6% 172 0.3%

Mining, Quarrying, and Oil and Gas Extraction 0 0.0% 3 0.1% 11 0.1% 19 0.0%

Construction 11 13.1% 335 10.6% 997 8.7% 4,961 8.4%

Manufacturing 2 2.4% 165 5.2% 431 3.8% 2,176 3.7%

Wholesale Trade 0 0.0% 51 1.6% 197 1.7% 1,305 2.2%

Retail Trade 14 16.7% 467 14.8% 1,556 13.5% 6,744 11.4%

Transportation and Warehousing 5 6.0% 121 3.8% 463 4.0% 2,143 3.6%

Utilities 1 1.2% 51 1.6% 233 2.0% 619 1.1%

Information 1 1.2% 80 2.5% 218 1.9% 827 1.4%

Finance and Insurance 3 3.6% 128 4.0% 533 4.6% 2,492 4.2%

Real Estate and Rental and Leasing 3 3.6% 69 2.2% 317 2.8% 1,201 2.0%

Professional, Scientific, and Technical Services 7 8.3% 264 8.3% 915 8.0% 5,190 8.8%

Management of Companies and Enterprises 0 0.0% 1 0.0% 2 0.0% 16 0.0%

Admin. and Support and Waste Mgmt. Services 12 14.3% 211 6.7% 660 5.7% 2,609 4.4%

Educational Services 4 4.8% 224 7.1% 800 7.0% 5,023 8.5%

Health Care and Social Assistance 5 6.0% 304 9.6% 1,305 11.4% 7,640 13.0%

Arts, Entertainment and Recreation 4 4.8% 39 1.2% 202 1.8% 1,000 1.7%

Accommodation and Food Services 6 7.1% 219 6.9% 800 7.0% 4,568 7.8%

Other Services, Except Public Administration 1 1.2% 117 3.7% 468 4.1% 2,459 4.2%

Public Administration 5 6.0% 303 9.6% 1,310 11.4% 7,767 13.2%

2010-2014 Households 6 9 2 ,039 7 ,154 39 ,763

No Vehicles 0 0.0% 6 0.3% 113 1.6% 1,467 3.7%

1 Vehicles 7 10.1% 307 15.1% 928 13.0% 9,653 24.3%

2 Vehicles 33 47.8% 934 45.8% 3,426 47.9% 16,296 41.0%

3 Vehicles 18 26.1% 509 25.0% 1,778 24.9% 8,565 21.5%

4 Vehicles 8 11.6% 183 9.0% 553 7.7% 2,609 6.6%

Over 5 Vehicles 2 2.9% 99 4.9% 358 5.0% 1,174 3.0%


INDUSTRY

VEH ICLES


30

WHITEHALL


38.289807,-77.672029


2010-2014 Housing Units 7 1 2 ,209 7 ,585 42 ,845

Built Later than 2010 2 2.8% 25 1.1% 62 0.8% 1,023 2.4%

Built 2000-2009 30 42.3% 769 34.8% 2,015 26.6% 11,973 27.9%

Built 1990-1999 13 18.3% 739 33.5% 2,711 35.7% 11,197 26.1%

Built 1980-1989 4 5.6% 281 12.7% 1,361 17.9% 9,303 21.7%

Built 1970-1979 11 15.5% 156 7.1% 680 9.0% 5,710 13.3%

Built 1960-1969 9 12.7% 98 4.4% 242 3.2% 1,672 3.9%

Built 1950-1959 2 2.8% 92 4.2% 263 3.5% 923 2.2%

Built 1940-1949 0 0.0% 18 0.8% 76 1.0% 355 0.8%

Built Before 1939 0 0.0% 31 1.4% 175 2.3% 689 1.6%

2010-2014 Median Year Built 1997 1996 1994 1992

2016 Housing Units 7 3 2 ,364 8 ,217 45 ,779

2016 Vacant Housing Units 4 5.5% 128 5.4% 458 5.6% 3,205 7.0%

2016 Occupied Housing Units 69 94.5% 2,236 94.6% 7,759 94.4% 42,575 93.0%

2016 Owner Occupied Housing Units 61 83.6% 1,995 84.4% 6,787 82.6% 30,930 67.6%

2016 Renter Occupied Housing Units 8 11.0% 241 10.2% 972 11.8% 11,645 25.4%

2010 Households 6 7 2 ,126 7 ,271 39 ,042

1 Person Household 8 11.9% 236 11.1% 859 11.8% 7,285 18.7%

2 Person Household 19 28.4% 712 33.5% 2,427 33.4% 12,655 32.4%





7 or More Person Household 2 3.0% 53 2.5% 192 2.6% 892 2.3%



2010-2014 Pop. 5+ by Language Spoken at Home 2 2 5 6 ,126 21 ,035 109 ,722

Only English 220 97.8% 5,871 95.8% 19,737 93.8% 97,407 88.8%

Spanish 2 0.9% 133 2.2% 861 4.1% 7,462 6.8%

Other Indo-European Language 3 1.3% 103 1.7% 355 1.7% 3,000 2.7%

Asian-Pacific Island Language 0 0.0% 2 0.0% 57 0.3% 1,337 1.2%

Other Language 0 0.0% 17 0.3% 24 0.1% 513 0.5%


YEAR BU I L T

HOUS ING UN ITS

HOUSEHOLD S IZE

L A N G U A G E


31

WHITEHALL


38.289807,-77.672029

NAME LATITUDE LONGITUDE

38.289807,-77.672029 38.289807 -77.672029

©2016 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:127290


WHITEHALLS P OT S Y LV A N I A , V A

For Addit ional Information, Please Vis i t :www.BasheerAndEdgemoore.com

or Contact Melanie Green-Karol at :

[email protected]

© 2017 Basheer & Edgemoore The information contained in this document has been obtained from sources believed reliable. While Basheer & Edgemoore does not doubt its accuracy, Basheer & Edgemoore has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the Property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the Property to determine to your satisfaction the suitability of the Property for your needs. 3/1/17

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WHITEHALL - Basheer & Edgemoorebasheerandedgemoore.com › assets › whitehall... · Whitehall will be on the right side after 1.4 miles ... 2014. These lanes, referred to as HOT