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Prima Vista Commons
OFFERING MEMORANDUM
ST. LUCIE COUNTY, FL
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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.
ST. LUCIE COUNTY, FL
Prima Vista Commons
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 YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
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Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
Prima Vista Commons
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Prima Vista CommonsST. LUCIE COUNTY, FL
PRICING AND FINANCIAL ANALYSIS
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Summary
Property Prima Vista Commons
Property Address Lennard RoadSt. Lucie County, FL 34952
Price $2,000,000
Down Payment 100% / $2,000,000
Lot Size (Gross SF) 894,722
Price/SF $2.24
Lot Size (Gross Acres) 20.5400
Price/Acre $97,371
Buildable SF 1
Type of Ownership Fee Simple
PRICING AND FINANCIAL ANALYSISPrima Vista CommonsST. LUCIE COUNTY, FL
Site DescriptionAssessor's Parcel Number 3414-501-0608-150-6
Zoning RM-5
Taxes $64,966
Tax Year 2016
Financing
FIRST TRUST DEED
Loan Type All Cash
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
Parcel A - 13.83 Acres (120 Units); $13,333/Unit $1,600,000
Parcel B - 6.71 Acres; $59,613/Acre $400,000
FINANCIAL OVERVIEW
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Prima Vista CommonsST. LUCIE COUNTY, FL
PROPERTY DESCRIPTION
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Prima Vista Commons consists of approximately 20.54 acres (Parcel A and Parcel B) located at the intersection of Prima Vista Boulevard and Lennard Road in St. Lucie County, Florida. Access to the property is off Lennard Road via an ingress/egress easement that is shared with Parcels A and B.
Parcel A contains approximately 13.83 gross acres (8.81 upland acres) with approximately 1,230 linear feet of frontage on Lennard Road. Parcel A is fully entitled as a 120-unit, age-restricted senior housing community (for rent or for sale product). Parcel B contains approximately 6.71 gross acres with approximately 550 linear feet of frontage on Lennard Road. Parcel B could be re-zoned as an assisted living/memory care facility or medical office use providing "full service" senior living at this location.
The site is conveniently located to the area’s shopping, medical, transportation and entertainment facilities: • 1/4 mile from Publix Supermarket and Walgreens • 3 miles from the Port St. Lucie Civic Center • 3.5 miles from St. Lucie Medical Center • 5.5 miles from the Florida Turnpike • 6 miles from the Towne Center at St. Lucie West • 6.5 miles from Interstate 95 • 8 miles from the Port St. Lucie PGA Golf Village • 9 miles from the Lawnwood Regional Medical Center
Investment Highlights
■ One-Quarter Mile East of Publix AnchoredShopping Center at US Highway 1
■ Close to Shopping, Banking, Medical Facilities,Restaurants, Golf Clubs and Marinas
■ Easy Access to the Florida Turnpike andInterstate 95
■ Twenty Minutes to Atlantic Beaches
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PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
INVESTMENT OVERVIEW
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PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
Looking Northwest Along Lennard Road
Looking Southeast Along Lennard Road
PROPERTY PHOTOS
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PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL
Looking West
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
Looking North
Subject
PROPERTY PHOTOS
Subject
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Local Map Regional Map
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PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
AREA MAPS
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PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
AERIAL PHOTO
Parcel B
Parcel A
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PROPERTY DESCRIPTIONPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
CONCEPTUAL SENIOR HOUSING SITE PLAN
(Parcel A)
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Prima Vista CommonsST. LUCIE COUNTY, FL
DEMOGRAPHIC ANALYSIS
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DEMOGRAPHIC ANALYSISPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
DEMOGRAPHIC REPORT
POPULATION 1 Miles 3 Miles 5 Miles
2021 Projection Total Population 4,011 49,132 128,005
2016 Estimate Total Population 3,467 45,218 115,275
2010 Census Total Population 3,325 43,280 109,993
2000 Census Total Population 2,314 34,659 77,323
Daytime Population 2016 Estimate 3,596 36,326 106,892
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
2021 Projection Total Households 1,986 21,253 52,483
2016 Estimate Total Households 1,724 19,397 46,952
Average (Mean) Household Size 1.94 2.3 2.43
2010 Census Total Households 1,653 18,608 44,971
2000 Census Total Households 1,185 14,881 31,642
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
2016 Estimate $250,000 or More 0.82% 0.85% 0.89%
$200,000 - $249,999 0.65% 0.49% 0.68%
$150,000 - $199,999 1.34% 1.79% 1.83%
$125,000 - $149,999 2.26% 2.55% 2.67%
$100,000 - $124,999 4.89% 5.05% 5.95%
$75,000 - $99,999 6.21% 9.99% 10.61%
$50,000 - $74,999 17.11% 21.45% 21.31%
$35,000 - $49,999 16.36% 16.12% 16.72%
$25,000 - $34,999 14.79% 14.87% 13.97%
$15,000 - $24,999 17.93% 14.31% 13.71%
Under $15,000 17.64% 12.52% 11.66%
Average Household Income $48,260 $54,496 $56,614
Median Household Income $34,729 $42,714 $44,784
Per Capita Income $24,252 $23,504 $23,151
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
Population by Age 0 to 4 Years 3.47% 4.20% 4.66%
5 to 14 Years 7.13% 9.80% 11.06%
15 to 17 Years 1.90% 3.15% 3.51%
18 to 19 Years 1.25% 1.90% 2.00%
20 to 24 Years 4.65% 5.22% 5.29%
25 to 29 Years 5.12% 5.19% 5.30%
30 to 34 Years 4.10% 4.92% 5.24%
35 to 39 Years 4.04% 4.63% 5.10%
40 to 49 Years 8.67% 11.15% 11.88%
50 to 59 Years 11.76% 14.27% 14.03%
60 to 64 Years 8.61% 7.20% 6.73%
65 to 69 Years 9.70% 7.80% 7.25%
70 to 74 Years 7.90% 6.69% 5.98%
75 to 79 Years 7.83% 5.34% 4.70%
80 to 84 Years 6.21% 4.12% 3.51%
Age 85+ 7.66% 4.44% 3.76%
Median Age 58.45 49.88 46.81
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
Population 25+ by Education Level 2016 Estimate Population Age 25+ 2,829 34,251 84,710
Elementary (0- 8) 4.21% 3.15% 3.41%
Some High School (9- 11) 10.51% 8.85% 8.66%
High School Graduate (12) 35.53% 36.94% 36.03%
Some College (13- 15) 24.62% 25.38% 24.48%
Associate Degree Only 8.43% 9.36% 9.98%
Bachelors Degree Only 8.63% 9.09% 10.61%
Graduate Degree 6.04% 5.69% 5.35%
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DEMOGRAPHIC ANALYSISPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
SUMMARY REPORT
Population
In 2016, the population in your selected geography is 115,275. The population has changed by 49.08% since 2000. It is estimated that the population in your area will be 128,005.00 five years from now, which represents a change of 11.04% from the current year. The current population is 48.20% male and 51.80% female. The median age of the population in your area is 46.81, compare this to the US average which is 37.68. The population density in your area is 1,469.53 people per square mile.
Households
There are currently 46,952 households in your selected geography. The number of households has changed by 48.39% since 2000. It is estimated that the number of households in your area will be 52,483 five years from now, which represents a change of 11.78% from the current year. The average household size in your area is 2.43 persons.
Income
In 2016, the median household income for your selected geography is $44,784, compare this to the US average which is currently $54,505. The median household income for your area has changed by 23.32% since 2000. It is estimated that the median household income in your area will be $51,638 five years from now, which represents a change of 15.30% from the current year.
The current year per capita income in your area is $23,151, compare this to the US average, which is $29,962. The current year average household income in your area is $56,614, compare this to the US average which is $78,425.
Race and Ethnicity
The current year racial makeup of your selected area is as follows: 77.61% White, 13.43% Black, 0.07% Native American and 1.86% Asian/Pacific Islander. Compare these to US averages which are: 70.77% White, 12.80% Black, 0.19% Native American and 5.36% Asian/Pacific Islander. People of Hispanic origin are counted independently of race.
People of Hispanic origin make up 16.52% of the current year population in your selected area. Compare this to the US average of 17.65%.
Housing
The median housing value in your area was $133,242 in 2016, compare this to the US average of $187,181. In 2000, there were 25,821 owner occupied housing units in your area and there were 5,821 renter occupied housing units in your area. The median rent at the time was $592.
Employment
In 2016, there are 37,015 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 57.33% of employees are employed in white-collar occupations in this geography, and 42.54% are employed in blue-collar occupations. In 2016, unemployment in this area is 6.80%. In 2000, the average time traveled to work was 29.00 minutes.
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Two-way, average daily traffic volumes.Traffic Count data © 2010 by TrafficMetrix. All rights reserved.
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DEMOGRAPHIC ANALYSISPrima Vista CommonsST. LUCIE COUNTY, FL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250360 Marcus& Millichap. All rights reserved.
TRAFFIC COUNTS
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ST. LUCIE COUNTY, FL
OFFERING MEMORANDUM
Prima Vista Commons
Offices Throughout the U.S. and Canadawww.MarcusMillichap.com
Exclusively Listed By:
Paul BouldinVice President Investments
Senior Director, National Land GroupTampa Office
License: FL: BK236288Tel: (813) 387-4747Fax: (813) 387-4710
paul.bouldin@marcusmillichap.comwww.marcusmillichap.com/PaulBouldin
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