Westgate Technology Park · Roof Standing Seam Metal Roofing HVAC Package HVAC (Office & Lab) | Gas Space Heat (Warehouse) Electric 2,000-amp main, 208Y/120-volt, 3-phase electrical

Westgate

Technology Park

OFFERING MEMORANDUM

WestGate

Technology ParkOffice/Flex Portfolio

JOSEPH DISALVO

First Vice President Investments

Indianapolis, Indiana

Office (317) 218-5334

Cell (317) 410-8788

[email protected]

License IN: RB14051407

PRESENTED BY

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

mailto:[email protected]

http://www.marcusmillichap.com/

13 WestGate I

21 WestGate III

SECTION 2

Offering Highlights • Property Details •

Property Overview

SECTION 3


Property Overview

TABLE OF CONTENTS

PRESENTED BY

WESTGATE TECHNOLOGY PARKOFFICE/FLEX PORTFOLIO

29 WestGate IVSECTION 4


Property Overview

37 WestGate VIISECTION 5


Property Overview

45 Market OverviewSECTION 6

Crane Naval Base • WestGate Academy •

Battery Innovation Center • Demographics

07 Portfolio SummarySECTION 1

Portfolio Summary • Property Locations

Operating Statement • Tenant Summary

NON-ENDORSEMENTAND DISCLAIMER NOTICE

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. © 2017

Marcus & Millichap. All rights reserved.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed 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. Any projections, opinions, as-

sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate

Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0000000

WESTGATE TECHNOLOGY PARK

PORTFOLIO

SUMMARY


PORTFOLIO SUMMARY


Southern Indiana – Four-Property Portfolio

PORTFOLIO OFFERING PRICE

$15,000,000BLENDED CAP RATE

9.15%

VITAL DATA

Portfolio Price $15,000,000

Blended Cap Rate 9.15%

Portfolio Price/SF $110.62

Total Portfolio Area 135,597 SF

Blended Occupancy 100%

Portfolio Net Operating Income $1,372,732

PORTFOLIO SUMMARY

Westgate Technology Park is a four-building portfolio consisting of single and multi-tenant office, flex, and warehouse

properties situated just outside the west entrance into Naval Surface Warfare Center, Crane Division (or Crane Naval Base as

most call it) in southwestern Indiana. The primary use of these properties are research and development, and they contain

office, lab, light manufacturing, and industrial spaces that are 100 percent occupied by national tenants contracted by Crane

Naval Base. The portfolio is located in southwestern Indiana approximately 20 miles south of Bloomington, Indiana along the

currently expanding Interstate 69. Crane Naval Base is the third largest naval installment in the world encompassing over 108

square miles and spanning three counties, is the only Naval base not on a coast, employs over 3,200 Indiana residents on base

– which makes it one of the 20 top employers in the State, and procured $922,000,000 in products during the most recent fiscal

year as of February of 2018.

The investment offering is a combined 135,597 square-feet and features a mix of regional and national tenants, most of which

are credit-rated and incredibly strong. All of the tenants in the Subject Properties are Department of Defense contractors who

bid on contracts generated by Crane Naval Base, which among many notable facts is the world leader in night vision

technology, electro-optics and sensory devices as well as a foremost leader in battery technology innovation as emphasized by

the brand new 40,000-square foot Battery Innovation Center (BIC) recently built in the park for $14,000,000 by a joint-venture of

private and public entities.

The opportunity for the investor is to acquire four stabilized assets in a newly built and expanding research and development

park that is experiencing substantial expansion funded by private, state, and federal dollars. Recently, the expansion of

Interstate 69 from Crane to Evansville was due to the importance of getting direct highway access to Crane Naval Base. Also,

the Lily Foundation has given a grant of $42 million to southern Indiana for economic development with $18-$22 million going

directly to Westgate. Other new developments including the convention center and various facilities for hospitality, retail and

healthcare all attribute to the growth of the Westgate Technology Park.

Investment Highlights

• Portfolio of three buildings | 100% occupied

• Built for third largest naval base in the world |108-square miles | 4,000 employees

• Naval Base - largest single-site employer in southern Indiana

• Tenants are naval defense companies contracted with Crane Naval Base

• Many new tenants and developments coming to area | increase of contracts by Crane

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OPERATING STATEMENT

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TENANT SUMMARY






WESTGATE IWESTGATE TECHNOLOGY PARK

OFFERING HIGHLIGHTS

WESTGATE ITWO-TENANT OFFICE

13923 Captain W.J. Nelson Drive, Odon, Indiana 47522

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VITAL DATA

Gross Revenue $520,690

Expenses $79,829

Rentable Building Area 43,019 SF

Occupancy 100.00%

Net Operating Income $440,861

Year Built 2008/2010

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WESTGATE TECHNOLOGY PARKWESTGATE I

Two-Tenant Office

PROPERTY DETAILS

Westgate I is a 43,019 square foot, two-tenant, single-story office / warehouse building that was the first building constructed in the park

over ten years ago. Westgate I is and has historically been fully occupied since its construction ten years ago, and it currently houses

AECOM (formerly URS) and Alion, both of which have and currently growing and expanding with contracts from Crane Naval Base.

WestGate I

Property Address 13923 Captain W.J. Nelson Drive, Odon,

Indiana 47522

Number of Units Two (2)

Number of Buildings 1

Number of Stories One (1)

Year Built 2008/2010

Lot Size 4.57 Acres / 199,069 sf

Type of Ownership Fee Simple

Parking 109 Free Surface Spaces / 2.5.00/1,000 Parking Ratio

APN 41-02-33-032-053.000-026

Zoning N/A

Topography Flat

Highway Access Interstate 69 & U.S. Route 231

Foundation Concrete Slab

Framing Wood Frame Structure

Exterior Metal Siding & Thick Stone Veneer

Parking Surface Asphalt

Roof Standing Seam Metal Roofing

HVAC Package HVAC (Office & Lab) | Gas Space Heat (Warehouse)

Electric2,000-amp main, 208Y/120-volt, 3-phase electrical service

w/ backup generator

Fire Protection Hydraulic Sprinkler System

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WESTGATE TECHNOLOGY PARKWESTGATE I

Two-Tenant Office

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AECOM is an American multinational engineering firm that provides design,

consulting, construction, and management services to a wide range of clients.

AECOM has approximately 95,000 employees and is number 156 on the 2016

Fortune 500 list. Fortune named AECOM as one of 2015 World's Most Admired

Companies, and again in 2016 & 2017. Engineering News-Record ranked AECOM

as Number 1 Global Design Firm.

The company's official name from 1990 to early January 2015 was AECOM

Technology Corporation. Today, it is known simply as AECOM. The company is

listed on the New York Stock Exchange (NYSE) under the ticker symbol ACM and

on the Frankfurt Stock Exchange under the ticker symbol E6Z.

General Information

Website http://www.aecom.com/

Headquartered Los Angeles, California

Rentable Square Feet 25,757 SF

Percentage of RBA 21%

Lease Commencement 11/1/2015

Lease Expiration 6/30/2018

Alion is a technology solutions company delivering technical expertise and operational support to

the United States Department of Defense, civilian government agencies and commercial

customers. Alion was established as an employee owned company in 2002 from the purchase of

Illinois Institute of Technology Research Institute (IITRI) by the employees through direct

contribution and loans. Alion was unable to continue to service its debt load and was purchased

by private equity company Veritas Capital in August 2015.

Based in Tysons Corner, Virginia, Alion has 3300 employees at major offices, customer sites and

laboratories worldwide[citation needed]and utilizes subcontractors whenever possible to keep

their costs down.

On August 2016, Alion Science and Technology signed a potential five-year, $145 million

contract to provide various support services to the U.S. Navy’s DDG 51 shipbuilding program.

The contract covers ship production planning and engineering, systems engineering, combat

systems test engineering, post delivery planning, configuration and data management and

logistics services.

General Information

Website http://www.alion.com/

Headquartered Tysons Corner, Virginia





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WESTGATE IIIWESTGATE TECHNOLOGY PARK

OFFERING HIGHLIGHTS

WESTGATE IIISINGLE-TENANT OFFICE

14064 East Westgate Court, Crane, Indiana 47522

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VITAL DATA


Expenses $73,243


Occupancy 100.00%


Year Built 2008

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WESTGATE TECHNOLOGY PARKWESTGATE III

Single-Tenant Office

PROPERTY DETAILS

Westgate III is a 37,851 square foot, single-tenant office building that was built for Science Applications International Corp (“SAIC”)

constructed in 2008. Since the building was built ten years ago, it has been and is currently 100 percent occupied by SAIC on two to five

years lease terms. SAIC is currently one of the largest primary contractors for Crane Naval Base and is actively managing a number of

large contracts for the Base.

WestGate III

Property Address 14064 East Westgate Court, Crane, Indiana

47522

Number of Units Two (2)


Number of Stories Two (2)

Year Built 2008



Parking 164 Free Surface Spaces / 4.33/1,000 Parking Ratio

APN

Zoning N/A

Topography Flat



Framing Pre-Engineered Steel Frame

Exterior Concrete Block and Metal Wall Panels


Roof Sloped EPDM Flexible Sheet Metal Roof System

HVAC Gas‐Fired, Pad‐Mounted Package Heating and Cooling Units

Electric Multiple 200‐amp, 3‐Phase Service Panels

Fire Protection Wet Sprinkler System

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WESTGATE TECHNOLOGY PARKWESTGATE III


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SAIC

Science Applications International Corporation (SAIC) is an American company

headquartered in Tysons Corner, Virginia that provides government services and

information technology support. The original SAIC was created in 1969 by J. Robert

Beyster. Then on September 27, 2013, it spun off a $4 billion unit which retained its

name, while the parent company changed its name to Leidos. Following the split,

Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was

appointed CEO of Leidos. The primary motivation for the spinoff was the conflicts

of interest provisions in the Federal Acquisition Regulations which prevented the

company from bidding on some new contracts because of existing contracts.

On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand

their presence in the intelligence industry through classified contracts, cleared

personnel, and a robust security infrastructure. Scitor was previously owned by

Leonard Green & Partners, L.P., a private equity firm.

SAIC has adopted a matrix operating model in which different service lines

collaborate to serve a given contract.

Deborah Lee James, president of SAIC's technology and engineering sector, was

sworn in as Secretary of the Air Force on December 20, 2013 after being appointed

by President Barack Obama.

General Information

Tenant Name SAIC

Website http://www.saic.com/






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WESTGATE IVWESTGATE TECHNOLOGY PARK

OFFERING HIGHLIGHTS

WESTGATE IVMULTI-TENANT OFFICE

13980 Captain W.J. Nelson Drive, Odon, Indiana 47562

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VITAL DATA


Expenses $49,220


Occupancy 100.00%


Year Built 2009

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WESTGATE TECHNOLOGY PARKWESTGATE IV

Multi-Tenant Office

PROPERTY DETAILS

Westgate IV is a 14,727 square foot, single-story, multi-tenant office / warehouse building that was constructed in 2009 to serve the needs

of the sub-prime contractors for Crane Naval Base, meaning the contractors that are sub-contracted by the prime contractors – such as

AECOM and SAIC – to help service contracts from Crane Naval Base. These buildings are mandatory in the park as all large contracts that

come from Crane Naval Base require the prime contractors to engage the help of sub-prime contractors to complete active contracts.

Westgate IV is currently and has historically been fully or mostly occupied since it was built almost ten years ago.

WestGate IV

Property Address 13980 Captain W.J. Nelson Drive, Odon,

Indiana 47562

Number of Units Four (4)



Year Built 2009



Parking 109 Free Surface Spaces / 2.5.00/1,000 Parking Ratio

APN 14-01-01-100-004.002-008

Zoning B-2

Topography Flat



Framing Concrete Block

Exterior Cultured Stone/Brick/EIFS/Block


Roof Ballasted Rubber Membrane

HVAC Forced air furnaces w/ air conditioning for each unit

Electric Multiple 200 amp, three phase, breaker panels

Fire Protection Sprinklered

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Precise Systems

General Information

Website www.goprecise.com

Headquartered Lexington Park, MD


Percentage of RBA 20.69%

Lease Commencement Sep-2016

Lease Expiration Aug-2020

Precise Systems is a professional services company currently working for the U.S.

Navy, U.S. Marine Corps, and U.S. Air Force; competing as a Service Disabled

Veteran Owned Small Business (SDVOSB) under several NAICS codes. Their core

competencies include systems engineering, program and project management,

logistics, information technology and cyber security, and software development

services. They were founded in 1990 and since their establishment they have been

providing cutting edge solutions and support to our warfighters. They understand

and provide expert consultation on network and weapons systems acquisition

programs, maintenance/modernization programs, and sustainment programs.

Mastercraft Mechanical

General Information

Headquartered Odon, IN



Lease Commencement Jan-2017

Lease Expiration Nov-2019

Mastercraft Mechanical Contractors is a privately-held company based in Odon, IN

at the Westgate Technology Park. The company was established in 1995 and

provides contract services to the United State Military.

http://www.goprecise.com/index.php

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Tri-Star Engineering

General Information

Website www.star3.com/

Headquartered Bedford, IN



Lease Commencement Sep-2016

Lease Expiration Aug-2021

TRISTAR competencies include electronic warfare, information technologies and

cyber security, technical Services, cyber Intelligence and command/control

programs, radar system restoration, sustainment and modernization, special

operations support with customers spanning the Department of Defense including

Naval Sea Systems Command, Naval Surface Warfare Centers, Naval Air Warfare

Center Command, SPAWAR, Army, Air Force and Fleet activities. No matter which

customer we are supporting, our priority is to assure affordable readiness and

support always. TRISTAR software developers, programmers, logisticians, analysts

and engineers create innovation solutions to help our customers go above and

beyond mission requirements by transforming their programs and organizations. We

develop leading edge concept of operations (CONOPS), emerging sponsor-specific

and joint tactics, technics and procedures (TTP) and have the ability/experience to

develop responses to Combatant Command (COCOM) and higher-level data calls in

a time sensitive manner in support of the Warfighter.

CJSeto Systems

General Information

Website www.cjseto.com/

Headquartered Ventura, CA



Lease Commencement Feb-2018

Lease Expiration Jan-2021

CJS has been providing Professional Services to Private and government entities

since its founding in 1999 in the fields of Environmental, Health and Safety,

Information Technology, Engineering, Logistics and Training. CJS is a Service

Disabled Veteran Owned Small Business with ISO 9001:2015 certification. CJS has

supported various government agencies, including the Department of Veteran

Affairs, U.S. Navy, U.S. Army, U.S. Air Force, General Services Administration,

Department of Homeland Security and the Defense Logistics Agency. The corporate

office is located in Ventura, CA, with regional offices in San Diego, CA; Silverdale,

WA; Bloomfield, IN; and the Washington DC Metro Area.

https://star3.com/

http://cjseto.com/






WESTGATE VIIWESTGATE TECHNOLOGY PARK

OFFERING HIGHLIGHTS

WESTGATE VIISINGLE-TENANT OFFICE

13942 East Westgate Drive, Odon, Indiana 47562

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VITAL DATA


Expenses $67,700


Occupancy 100.00%


Year Built 2017

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WESTGATE TECHNOLOGY PARKWESTGATE VII


PROPERTY DETAILS

Westgate VII is a 40,000 square foot warehouse facility on 6.22 acres of ground that was delivered in the fourth quarter of 2017 as a build-

to-suit for Alion Science & Technology Corp and is the first pure warehouse facility built in the Westgate Technology Park. Since Westgate

VII was drawing close to completion, demand for more warehouse space in Westgate Technology Park has grown, including from the sole

Tenant of Westgate VII – Alion. Westgate VII is fully occupied on a long-term lease to Alion.

WestGate VIII

Property Address 13942 East Westgate Drive, Odon, Indiana

47562

Number of Units One (1)

Number of Buildings One (1)


Year Built 2017



Parking 40 Free Surface Spaces / 1.00/1,000 Parking Ratio

APN

Zoning N/A

Topography Flat



Framing Pre-Engineered Steel Frame

Exterior Concrete, Synthetic Stone & Insulated Metal Wall Panels


Roof Insulated Metal Roof System

HVAC Gas‐fired, pad‐mounted package heating and cooling units

Electric Multiple 200‐amp, 3‐phase service panels

Fire Protection Wet Sprinkler System

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WESTGATE TECHNOLOGY PARKWESTGATE VII


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ALION

Alion is a technology solutions company delivering technical expertise and operational support to

the United States Department of Defense, civilian government agencies and commercial

customers. Alion was established as an employee owned company in 2002 from the purchase of

Illinois Institute of Technology Research Institute (IITRI) by the employees through direct

contribution and loans. Alion was unable to continue to service its debt load and was purchased

by private equity company Veritas Capital in August 2015.

Based in Tysons Corner, Virginia, Alion has 3300 employees at major offices, customer sites and

laboratories worldwide[citation needed]and utilizes subcontractors whenever possible to keep

their costs down.

On August 2016, Alion Science and Technology signed a potential five-year, $145 million

contract to provide various support services to the U.S. Navy’s DDG 51 shipbuilding program.

The contract covers ship production planning and engineering, systems engineering, combat

systems test engineering, post delivery planning, configuration and data management and

logistics services.

General Information

Tenant Name ALION

Website http://www.alion.com/






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CRANE NAVAL SURFACE

WARFARE CENTER &



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CRANE NAVAL SURFACE WARFARE CENTER

Naval Surface Warfare Center Crane Division is the principal tenant command

located at Naval Support Activity Crane. NSA Crane is a United States Navy

installation located approximately 25 miles (40 km) southwest of Bloomington,

Indiana and predominantly located in Martin County, but small parts also extend

into Greene and Lawrence counties. It was originally established in 1941 under

the Bureau of Ordnance as the Naval Ammunition Depot for production, testing,

and storage of ordnance under the first supplemental Defense Appropriation Act.

The base is named after William M. Crane. The base is the third largest naval

installation in the world by geographic area and employs approximately 3,300

people. The closest community is the small town of Crane, which lies adjacent to

the northwest corner of the facility.

With an increasing demand in the 1990s and 2000s by the U.S. military for bases

to support multiple functions rather than being sole-purpose installations, Crane

has taken on a broad variety of development and support operations. These

include expeditionary warfare systems, fleet maintenance and modernization,

radar, power systems, strategic systems, small arms, surface and airborne

electronic warfare, night vision systems, and undersea warfare systems. Crane is

also involved in systems development for the upcoming DD(X) class of destroyer

for the U.S. Navy and the Littoral Combat Ship.

WestGate Academy Conferencing & Training Center is the crown jewel of WestGate@Crane

Technology Park. This spacious, state-of-the-art facility opened its doors in October 2012, and

since then it has been serving the needs of NSWC Crane and the surrounding communities.

WestGate Academy focuses on workforce education, government and military contract support,

technical transfer and incubation, and conferencing.

WestGate Academy first opened its doors in October 2012. The groundbreaking for the Technology Park, which is where the Academy

is located, occurred in 2006. Both the Tech Park and the Academy have seen tremendous growth over the years. In 2015 alone, at least

30,000 people attended an event at the Academy.

Since opening in 2012, WestGate Academy has easily seen over 100,000 people for events like the I-69 Ribbon Cutting, NSWC Crane

trainings, private conferences, weddings, CTE Summits, science and college fairs, Crane Tech after school STEM activities, charity

5K’s, and many more.

Due to its convenient location one mile off I-69 just outside NSWC Crane, people come from all over the state and U.S. to visit the

Academy and Technology Park.

Both Indiana University and Purdue University have a strong presence at WestGate Academy, offering courses and Management

Capabilities.

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WESTGATE ACADEMY

Address: 13598 E. WestGate Drive, Odon, Indiana 47562

Website: http://westgate-academy.com/

http://westgate-academy.com/

BATTERY INNOVATION CENTER

The Battery Innovation Center (BIC), located in the WestGate Technology Park, is a collaborative initiative designed to incorporate

leadership from renowned universities, government agencies, and commercial enterprises to focus on the rapid development, testing

and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers.

The BIC’s mission is to accelerate innovation in the field of battery technology by providing access to the entire spectrum of R&D to

commercialization, including low volume production, in a single 40,000 square foot facility. Under one roof and with virtual connections

to partners’ research and manufacturing facilities, the BIC will be capable of managing all aspects of the battery life cycle:

- Basic and applied research

- Elementary cell concept

- Cell research and development

- Cell manufacturing

- Electronic control

- Pack systems engineering, testing and certification

- Low volume manufacturing

- Field service and support

Battery Innovation Center Mission Statement

The mission of the Battery Innovation Center is to promote advanced learning and education in the energy sector as well as to promote

the rapid development, testing, and commercialization of safe, reliable, and lightweight energy storage systems for commercial,

academic, and defense customers/organizations.

Battery Innovation Center Goals

1. Provide military and national security customers with a robust and secure source of battery development and low-volume production

under one roof with linkages to an array of high-volume commercial manufacturing partners.

2. Give the commercial industry a one-stop shop for battery testing and certification along with a full spectrum of world-class support

services from R&D to manufacturing solutions.

3. Establishing a network that virtually and physically links university-led battery R&D and accelerates the transition from basic research

to battery cell and pack prototypes into commercialization.

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TE

T

EC

HN

OL

OG

Y P

AR

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MA

RK

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VE

RV

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Source: © 2017 Experian

Created on July 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 50 50 1,063

▪ 2017 Estimate


▪ 2010 Census


▪ 2000 Census

Total Population 49 49 999

▪ Daytime Population

2017 Estimate 20 20 393

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 4 418

▪ 2017 Estimate


Average (Mean) Household Size 2.53 2.54

▪ 2010 Census


▪ 2000 Census


HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$200,000 or More 0.00% 1.77% 1.24%

$150,000 - $199,000 0.00% 0.29% 2.72%

$100,000 - $149,000 0.00% 3.83% 11.39%

$75,000 - $99,999 0.00% 9.73% 15.68%

$50,000 - $74,999 0.00% 30.97% 25.22%

$35,000 - $49,999 0.00% 14.15% 13.49%

$25,000 - $34,999 0.00% 7.96% 13.37%

$15,000 - $24,999 0.00% 17.40% 10.42%

Under $15,000 0.00% 13.86% 6.46%

Average Household Income $49,136 $65,870

Median Household Income $43,249 $57,293

Per Capita Income $3,660 $25,694

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2017 Estimate Total Population 50 50 1,048

Under 20 25.95% 25.95% 25.30%

20 to 34 Years 18.29% 18.29% 15.16%

35 to 39 Years 4.95% 4.95% 5.41%

40 to 49 Years 11.74% 11.74% 12.77%

50 to 64 Years 23.69% 23.69% 23.78%

Age 65+ 15.40% 15.40% 17.59%

Median Age 40.69 40.69 43.30

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 34 34 730

Elementary (0-8) 14.99% 14.99% 5.73%

Some High School (9-11) 11.52% 11.52% 8.55%

High School Graduate (12) 46.37% 46.37% 43.30%

Some College (13-15) 15.93% 15.93% 19.57%

Associate Degree Only 4.73% 4.73% 11.50%

Bachelors Degree Only 1.58% 1.58% 6.99%

Graduate Degree 4.26% 4.26% 4.15%

▪ Time Travel to Work

Average Travel Time in Minutes 32 32 29

Income

In 2017, the median household income for your selected geography is

, compare this to the US average which is currently $56,286. The

median household income for your area has changed by NaN since

2000. It is estimated that the median household income in your area

will be five years from now, which represents a change of NaN from

the current year.

The current year per capita income in your area is , compare this to

the US average, which is $30,982. The current year average

household income in your area is , compare this to the US average

which is $81,217.

Population

In 2017, the population in your selected geography is 50. The

population has changed by 2.04% since 2000. It is estimated that the

population in your area will be 50.00 five years from now, which

represents a change of 0.00% from the current year. The current

population is 52.53% male and 47.47% female. The median age of

the population in your area is 40.69, compare this to the US average

which is 37.83. The population density in your area is 15.86 people

per square mile.

Households

There are currently households in your selected geography. The

number of households has changed by NaN since 2000. It is

estimated that the number of households in your area will be five

years from now, which represents a change of NaN from the current

year. The average household size in your area is persons.

Employment

In 2017, there are 1,101 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

30.00% of employees are employed in white-collar occupations in

this geography, and 65.00% are employed in blue-collar occupations.

In 2017, unemployment in this area is 7.71%. In 2000, the average

time traveled to work was 32.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

94.62% White, 0.00% Black, 0.00% Native American and 0.54%

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 0.32% of the current year

population in your selected area. Compare this to the US average of

17.88%.

Housing

The median housing value in your area was in 2017, compare this to

the US average of $193,953. In 2000, there were owner occupied

housing units in your area and there were renter occupied housing

units in your area. The median rent at the time was .

Source: © 2017 Experian

www.MarcusMillichap.com

Joseph DiSalvo

First Vice President Investments

Director - National Office and Industrial

Properties Group

Indianapolis Office

Tel: (317) 218-5334

Fax: (317) 218-5310

[email protected]

License: IN RB14051407

P R E S E N T E D B Y

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