39 RIDGEDALE AVEEast Hanover, NJ 07936

Offering Memorandum

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

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these

matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

39 RIDGEDALE AVE

East Hanover, NJ

ACT ID Z0281424

2

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Location Overview

FINANCIAL ANALYSIS 02Tenant Summary

Lease Expiration Chart

Operating Statement

Notes

Pricing Detail

Acquisition Financing

MARKET OVERVIEW 03Market Analysis

Demographic Analysis

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INVESTMENT

OVERVIEW

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EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER# OF

EMPLOYEES

ADP Atlantic Inc 60,000

Collabera Technologies 12,000

Briad Main Street Inc 7,000

ADP 4,725

NPS 4,600

Morristown Memorial Hospital 4,236

G C I 4,200

B&G Foods Inc 2,934

Quest Diagnostics 2,831

Prudential 2,607

Alvogen 2,300

Bioscrip Infusion Services LLC 2,000

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop

1,678 34,231 157,436

2010 Census Pop 1,654 33,650 154,465

2017 Estimate HH 557 12,579 58,074

2010 Census HH 547 12,309 56,775

Median HH Income

$143,894 $120,659 $107,239

Per Capita Income $61,046 $62,051 $57,525

Average HH Income

$184,041 $166,606 $154,635

5

MAJOR TENANTS

TENANT GLA LEASE EXPIRATION LEASE TYPE

Cresthill Academy 12,862 5/31/2024 NNN

Wazu 2,370 11/30/2023 NNN

VITAL DATA

YEAR 1 YEAR 2

Price $4,100,000 CAP Rate 7.35% 7.35%

Down Payment25% /

$1,025,000Net Operating Income

$301,283 $301,283

Loan Amount $3,075,000Net Cash Flow After Debt Service

8.61% / $88,248 8.61% / $88,248

Loan Type Proposed New Total Return 14.91% / $152,807 15.22% / $156,025

Interest Rate / Amortization

4.88% / 25 Years

Gross Leasable Area (GLA)

15,232 SF

Price/SF $269.17

Current Occupancy 100.0%

Lot Size 1.06 acre(s)

39 RIDGEDALE AVE

OFFERING SUMMARY

15,232 SF Multi-Tenant Retail Building - 100% Occupancy

Both Tenants on NNN Lease with Option & Increases

Both Tenants Have Been in Same Location Since 2014

Proximity to Route 10, Interstate 287 & Interstate 280

Cresthill Academy Operator Personally Guarantees Lease with 9 Month

Floating Guarantee

Less Than 0.25 Miles From Novartis Pharmaceutical Headquarter

Campus

Large Corporate Headquarters Offices in Nearby

INVESTMENT HIGHLIGHTS

Marcus & Millichap is pleased to present a two-tenant retail building located at 39 Ridgedale Avenue, in East Hanover (Morris

County), New Jersey. The 15,232+/- building is 100 percent occupied, with Cresthill Academy occupying 2 units which account

for 84.4% of the GLA. The tenants have 4+ years remaining on their lease with additional option periods which include rent

escalations. The tenants are responsible for 100 percent of their pro-rata share for all expenses on the property. The building is

situated right off Route 10, a major retail thoroughfare traveling to Interstate 287 and Interstate 280 with many large

pharmaceutical and corporate headquarters nearby including but not limited to Novartis Pharmaceutical, Tiffany’s & Co., Intel

Corporation and the IRS Office.

East Hanover is a city located in Morris County, New Jersey. The subject property is approximately 21 miles west of New York

City. NJ Transit provides rail service at the Union train station on the Raritan Valley Line to Newark Penn Station.

Within a five-mile radius of East Hanover, the average household income is $154,635 among the 157,436 individuals who reside

within a five-mile radius of the subject property.

The asking price of $4,100,000 represents a 7.35 percent cap rate.

INVESTMENT OVERVIEW

6

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OFFERING SUMMARY

PROPERTY OVERVIEW

East Hanover is township located in Morris County, New Jersey. The subject property is approximately 21 miles east of New York

City. The municipalities that share their borders with East Hanover are Whippany, Florham Park, Livingston, West Caldwell and

Roseland. The major roads that pass through or near East Hanover are Interstate-280, Interstate-287, Route 46, Route 10 and

Route 24. NJ Transit provides bus service to Newark on bus route 73 with local service available on route 872. Private bus service

is available to and from John F. Kennedy International Airport.

77

39 RIDGEDALE AVE

PROPERTY SUMMARY

OFFERING SUMMARY

PROPOSED FINANCING

First Trust Deed

Loan Amount $3,075,000

Loan Type Proposed New

Interest Rate 4.875%

Amortization 25 Years

Loan Term 5 Years

Loan to Value 75%

Debt Coverage Ratio 1.41

THE OFFERING

Price $4,100,000

Property Address 39 Ridgedale Ave, East Hanover, NJ

Assessors Parcel Number 10 00129-0000-00006

Zoning B-2

SITE DESCRIPTION

Number of Stories 1

Gross Leasable Area 15,232 SF

Ownership Fee Simple

Lot Size 1.06 acre(s)

8

#

LOCATION OVERVIEW

PROXIMITY TO:

39 Ridgedale Avenue, East Hanover, NJ 07936

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAME39 RIDGEDALE AVE

PRICING AND VALUATION MATRIX

PROPERTY NAME39 RIDGEDALE AVE

LOCATION OVERVIEW

9

REGIONAL MAP

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LOCAL MAP

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AERIAL PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO

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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS

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TENANT SUMMARY

FINANCIAL ANALYSIS

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OPERATING STATEMENT

17

FINANCIAL ANALYSIS

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PRICING DETAIL

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12

TENANT PROFILE

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Cresthill Academy

General Information

Tenant Name Cresthill Academy

Website www.cresthillacademy.com

Parent Company Cresthill Holdings LLC

Headquartered East Hanover

Rentable Square Feet 12,862 SF

Percentage of RBA 84.40%

Lease Commencement 6/1/2014

Lease Expiration 5/31/2024

No. of Locations 5

Founded in 2010, Cresthill Academy is the premiere child care

center in New Jersey with full time and part time programs for

infant, toddler, preschool and Kindergarten. Their services include

before school care, after school care and summer camp programs

Cresthill Aopen year round and have five child care locations in

Northern New Jersey; East Hanover, Harrison, Hoboken Uptown,

Hoboken Downton, and Lyndhurst. Cresthill is proud of their

progressive and holistic approach to education and care.

MARCUS & MILLICHAP CAPITAL CORPORATION

CAPABILITIES

MMCC—our fully integrated, dedicated financing arm—is committed to

providing superior capital market expertise, precisely managed execution, and

unparalleled access to capital sources providing the most competitive rates and

terms.

We leverage our prominent capital market relationships with commercial banks,

life insurance companies, CMBS, private and public debt/equity funds, Fannie

Mae, Freddie Mac and HUD to provide our clients with the greatest range of

financing options.

Our dedicated, knowledgeable experts understand the challenges of financing

and work tirelessly to resolve all potential issues to the benefit of our clients.

National platform

operating

within the firm’s

brokerage

offices

$5.63 billion

total national

volume in 2017

Access to

more capital

sources than

any other firm

in the industry

Optimum financing solutions

to enhance value

Our ability to enhance

buyer pool by expanding

finance options

Our ability to enhance

seller control

• Through buyer

qualification support

• Our ability to manage buyers

finance expectations

• Ability to monitor and

manage buyer/lender

progress, insuring timely,

predictable closings

• By relying on a world class

set of debt/equity sources

and presenting a tightly

underwritten credit file

WHY MMCC?

Closed 1,707

debt and equity

financings

in 2017

ACQUISITION FINANCING

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MARKET

OVERVIEW

MARKET OVERVIEW

NORTHERN NEW JERSEYOVERVIEW

1

Northern New Jersey consists of Bergen, Hudson, Passaic, Essex,

Morris and Union counties. The region contains roughly 4 million

residents in more than 200 municipalities. Bergen county is home to

nearly 1 million people, while Essex County, which includes the city of

Newark, has approximately 805,000 citizens. The region is bordered to

the east by the Hudson River and New York City, to the south by

Middlesex and Somerset counties, to the west by Warren and Sussex

counties, and to the north by New York state. A large portion of the

area is almost fully developed and densely populated. The region is a

part of the New York metro and is linked to the city by the George

Washington Bridge, the Lincoln Tunnel, the Holland Tunnel, several

ferries and commuter rail tunnels.

MARKET OVERVIEW

METRO HIGHLIGHTS

DIVERSE INDUSTRIES

Pharmaceuticals, healthcare and finance are a few

of the segments that contribute to the metro’s

economic base.

LARGE LABOR POOL

The region’s diverse and highly skilled labor and

access to workers in other nearby metros draw

businesses.

UNIQUE ECONOMY

Northern New Jersey has its own economic drivers

and is connected to New York City’s robust

economy.

39 RIDGEDALE AVE

MARKET OVERVIEW

ECONOMY Northern New Jersey is home to numerous Fortune 500 companies including Prudential

Financial, Merck, PBF Energy and Honeywell International.

The airline industry accounts for a significant share of jobs in the region. United Airlines has

a major presence at Newark Liberty International Airport.

Trade is a key employment sector. Vehicle imports account for a substantial amount of the

Port Newark-Elizabeth Marine Terminal’s business.

Spillover from Wall Street bolsters finance jobs in Essex, Hudson and Bergen counties.

SHARE OF 2017 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

Prudential Financial

UAL (United Continental Holdings)

JPMorgan Chase & Co.

Hackensack University Medical Center

Bank of America

Englewood Hospital Association

Novartis Pharmaceuticals Corp.

St. Joseph’s Hospital and Medical Center

Valley Health Systems

RWJBarnabas Health* Forecast

2

MANUFACTURING

6%GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+OTHER SERVICES

4%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

22%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

2%INFORMATION

17%

4%

14% 8% 7%

16%

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MARKET OVERVIEW

DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

Northern New Jersey will add nearly 38,000 people and approximately 36,300

households over the next five years, generating demand for housing.

The homeownership rate of 54 percent is below the national rate of 64 percent,

maintaining a strong rental market.

Approximately 38 percent of residents hold a bachelor’s degree, including 14

percent who have also obtained a graduate or professional degree.

Northern New Jersey offers a variety of amenities and cultural activities. Sports and

entertainment are available in East Rutherford at the Meadowlands. The MetLife Stadium is

home to the Giants and Jets of the NFL. The Prudential Center, also known as the Rock, is

an indoor arena in downtown Newark where the Devils (NHL) and Seton Hall University

play. Downtown Newark also houses the New Jersey Performing Arts Center and Bears

and Eagles Riverfront Stadium, home of the Newark Bears, a minor-league baseball team.

Numerous community colleges and universities are located in the metro, including Seton

Hall University, the Newark campus of Rutgers University, Stevens Institute of Technology

and Bergen Community College.

QUALITY OF LIFE

3

2017 Population by Age

0-4 YEARS

6%5-19 YEARS

19%20-24 YEARS

6%25-44 YEARS

27%45-64 YEARS

27%65+ YEARS

14%

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s

Analytics; U.S. Census Bureau

39 RIDGEDALE AVE

38.4

2017MEDIAN AGE:

U.S. Median:

37.8

$71,700

2017 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$56,300

4M

2017POPULATION:

Growth2017-2022*:

0.9%

1.5M

2017HOUSEHOLDS:

2.5%

Growth2017-2022*:

25

Select retailers fill needs of expanding consumer base. Regional retail sales will

grow at a faster pace in 2018, aided by the projected highest rate of household

formation in seven years. Retailers that provide necessities and services are well

positioned to benefit from these added homes, as made apparent by recent store

openings. Tens of thousands of square feet were leased last year by tenants like

Wegmans, Weis and Planet Fitness. Grocery and convenience stores will also anchor

2018 completions. Bergen County will host the most new space, but larger individual

construction projects are underway in Morris County and along the Route 22 East

Corridor in Union County.

Demand exceeds supply to lower vacancy. Over half of this year’s completions are

already pre-leased, helping propel absorption to a four-year high. Regional vacancy

will drop by a small amount as a result. The steepest decline is in Union County,

where retailers are readily leasing new space along the Route 22 East Corridor. As

more existing inventory is occupied, the characteristics of vacant properties currently

on the market, such as age, are changing. The average marketed rent payment is

shifting as a result, dropping below 2017’s amount. This trend is most apparent in

Hudson County, where rent is highest.

• The Hudson Waterfront remains the most sought-after section of the region

by investors. Population density and tight quarters add appeal to storefront

properties of 5,000 square feet or less, often as ground-floor retail space in

residential buildings. The premium location drives high prices, $170 a square

foot above the market average of $322. Yields are around mid-5 percent.

• Buyers acquired small storefronts situated along the Garden State Parkway

near Cranford. In contrast to riverfront property, prices here average $285

per square foot with cap rates 60 basis points above the regional average of

mid 6 percent.

• Demand intensified year over year for stand-alone, single-tenant space.

Buyers acquired these across the region, with the highest concentration of

transactions in the western suburbs of Newark as well as in the north-central

part of Bergen County.

Retail 2018 OutlookDevelopers Active on Western Side of

Market as Investors Target Riverfront

NORTHERN NEW JERSEY REGION

870,000 sq. ft.

will be completed

3.1% decrease in

asking rents

20 basis point

decrease in vacancy

Construction:

A smaller pool of vacant retail property has

shifted the average marketed rent

downward. The average asking rent for 2018

is $24.75 per square foot.

The vacancy rate will decrease to 4.4

percent, following a similar decline from last

year. Regional vacancy has not been this low

in at least a decade.

* Cap rates trailing 12 months through 1Q18; 10-Year Treasury up to March 29, 2018

Sources: CoStar Group, Inc.; Real Capital Analytics

Annual completions rise after falling the past

two years. The most new space is heading to

Bergen County, led by a new ShopRite in

Wyckoff.

Vacancy:

Rents:

Investment Trends

39 RIDGEDALE AVE

26

• Even with the unemployment rate

below 2 percent, regional

employers were still able to hire

16,600 more individuals in the

year ending March 2018.

Approximately half of those

positions are in the fields of

education, administration and

heathcare.

• Job growth slowed in late 2017

and early 2018 as some office-

using and retail-related positions

left the market.

EMPLOYMENT

• Deliveries picked up over the

course of the year ending March

2018. During the preceding 12-

month period, 551,000 square

feet of retail space was

completed.

• Developers were most active in

the town of Montvale in Bergen

County, which welcomed a new

Wegmans supermarket. New

multi-tenant shopping centers

were completed in Parsippany

and Elizabeth as well.

CONSTRUCTION

• Demand rose above supply

growth, lowering the metrowide

vacancy rate to 4.4 percent. In

the year ending March 2017,

vacancy also fell 20 basis points.

• Vacancy declined across half

the region but stayed flat in

Bergen County and rose 40

basis points in Morris County.

Out of all the counties in the

region, Union County reported

the sharpest fall of 140 basis

points.

VACANCY

• Rent growth subsided after the

marketed rate increased 9.6

percent in the year ending March

2017, when an influx of new

space pushed the average

upward.

• The average asking rent fell to

$24.82 by the end of March

2018. Rates improved the most

in Union County, up 10.9

percent, although growth also

occurred for single-tenant

properties in Essex, Morris and

Passaic counties.

RENTS

NORTHERN NEW JERSEY REGION

decrease in the

average asking rent

Y-O-Y

2.5%basis point decrease

in vacancy Y-O-Y20square feet

completed

Y-O-Y

763,000increase in total

employment Y-O-

Y

0.8%

* Forecast

1Q18 - 12-Month Trend

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Multi-tenant Prices Outclimb Single-tenant; Smaller Spaces Highly Sought-After

Outlook: Small footprints near population

centers will garner the most offers this

year. Demand also exists for larger inland

spaces well-suited for restaurants, fast-

food establishments, drug stores or auto

parts vendors.

Vacancy

Rate

Y-O-Y

BasisPoint

Change

SubmarketAsking

Rent

Y-O-Y%

Change

Submarket Trends

Lowest Vacancy Rates 1Q18

Sales Trends

NORTHERN NEW JERSEY REGION

• Multi-Tenant: The number of multi-tenant sales picked up year over year, as did the

average price per square foot. Cap rates for such space typically lie in the high-6

percent zone.

• Single-Tenant: Sale prices for single-tenant properties ticked up in 2017 even as

listings stay on the market for longer.

* Trailing 12 months through 1Q18 over previous time period

Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics

Hudson County 1.7% -40 $29.13 -12.8%

Union County 4.0% -140 $23.12 10.9%

Bergen County 4.2% 0 $27.07 -0.4%

Essex County 5.1% 20 $23.63 1.8%

Passaic County 5.8% -30 $22.37 -4.3%

Morris County 6.6% 40 $20.25 -1.5%

Overall Metro 4.4% -20 $24.82 -2.5%

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* Forecast **2017-2022

28

NORTHERN NEW JERSEY REGION

39 RIDGEDALE AVE

• Fed raises benchmark interest rate, plans additional increases. The Federal Reserve

increased the federal funds rate by 25 basis points in late March, raising the overnight lending

rate to 1.5 percent. While the Fed noted the inflation outlook moderated recently, an upgraded

economic forecast including tax cuts and a regulation rollback strengthened growth

projections through 2020. As a result, the Fed has guided toward at least two more rate hikes

this year, while setting the stage for up to four increases in 2019.

• Lending costs rise alongside Fed rate increase. As the Federal Reserve lifts interest rates,

lenders will face a rising cost of capital, which may lead to higher lending rates for investors.

However, greater competition for loan demand has prompted some lenders to absorb some

cost increases. While higher borrowing costs may prompt buyers to seek higher cap rates, the

positive economic outlook should boost rent growth above inflation over the coming year.

• The capital markets environment remains highly competitive. While the Federal Reserve

has committed to tightening policy, other major central banks have maintained easing policies.

The downward pressure on rates from foreign central banks is counteracting greater

economic growth and wider government deficits, keeping demand for fixed-income

investments stable. Loan pricing resides in the mid-4 percent range with maximum leverage of

70 percent. Portfolio lenders will require loan-to-value ratios closer to 65 percent with interest

rates, depending on term, in the high-3 to mid-4 percent range. The passage of tax reform and

rising fiscal stimulus will keep the U.S. economy growing strongly this year, while limited new

construction and steady absorption will contain office vacancy near 14 percent.

* Through May 1st

Sources: CoStar Group, Inc.; Real Capital Analytics

Capital Markets

PROPERTY NAME

MARKETING TEAM

39 RIDGEDALE AVE

DEMOGRAPHICS

Source: © 2017 Experian

Created on December 2018

POPULATION 1 Miles 3 Miles 5 Miles

2022 Projection

Total Population 1,698 35,388 161,430

2017 Estimate

Total Population 1,678 34,231 157,436

2010 Census

Total Population 1,654 33,650 154,465

2000 Census

Total Population 1,652 30,511 148,478

Current Daytime Population

2017 Estimate 4,510 72,336 263,817

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2022 Projection

Total Households 564 13,171 60,112

2017 Estimate

Total Households 557 12,579 58,074

Average (Mean) Household Size 2.97 2.70 2.63

2010 Census

Total Households 547 12,309 56,775

2000 Census

Total Households 532 10,992 54,859

Occupied Units

2022 Projection 564 13,171 60,112

2017 Estimate 566 12,888 60,363

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

2017 Estimate

$150,000 or More 47.78% 38.64% 33.11%

$100,000 - $149,000 18.49% 21.33% 20.32%

$75,000 - $99,999 11.12% 11.13% 11.70%

$50,000 - $74,999 9.95% 11.36% 13.13%

$35,000 - $49,999 4.84% 6.29% 7.54%

Under $35,000 7.80% 11.26% 14.19%

Average Household Income $184,041 $166,606 $154,635

Median Household Income $143,894 $120,659 $107,239

Per Capita Income $61,046 $62,051 $57,525

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles

Total Average Household Retail Expenditure

$93,154 $89,639 $87,185

Consumer Expenditure Top 10 Categories

Housing $26,776 $25,895 $25,647

Transportation $19,056 $17,495 $16,710

Shelter $17,003 $16,496 $16,440

Personal Insurance and Pensions $8,966 $8,574 $8,619

Food $8,174 $7,853 $7,694

Health Care $5,469 $5,300 $5,088

Utilities $5,200 $5,013 $4,886

Entertainment $3,764 $3,575 $3,453

Education $3,563 $3,302 $3,154

Cash Contributions $2,537 $2,383 $2,184

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population By Age

2017 Estimate Total Population 1,678 34,231 157,436

Under 20 22.62% 23.75% 24.01%

20 to 34 Years 13.95% 14.08% 17.26%

35 to 39 Years 4.91% 5.37% 6.26%

40 to 49 Years 14.44% 14.12% 14.16%

50 to 64 Years 22.60% 21.88% 20.88%

Age 65+ 21.48% 20.81% 17.43%

Median Age 46.39 45.27 41.92

Population 25+ by Education Level

2017 Estimate Population Age 25+ 1,206 24,111 110,089

Elementary (0-8) 1.88% 1.83% 2.09%

Some High School (9-11) 2.93% 2.38% 3.18%

High School Graduate (12) 24.83% 22.84% 20.52%

Some College (13-15) 14.76% 14.40% 12.66%

Associate Degree Only 5.36% 5.43% 5.17%

Bachelors Degree Only 25.77% 29.52% 30.65%

Graduate Degree 23.63% 23.21% 25.17%

29

Income

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

$107,239, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 39.56%

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

area will be $124,450 five years from now, which represents a change

of 16.05% from the current year.

The current year per capita income in your area is $57,525, compare

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

household income in your area is $154,635, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 157,436. The

population has changed by 6.03% since 2000. It is estimated that the

population in your area will be 161,430.00 five years from now, which

represents a change of 2.54% from the current year. The current

population is 48.52% male and 51.48% female. The median age of

the population in your area is 41.92, compare this to the US average

which is 37.83. The population density in your area is 2,001.18 people

per square mile.

Households

There are currently 58,074 households in your selected geography.

The number of households has changed by 5.86% since 2000. It is

estimated that the number of households in your area will be 60,112

five years from now, which represents a change of 3.51% from the

current year. The average household size in your area is 2.63 persons.

Employment

In 2017, there are 238,832 employees in your selected area, this is

also known as the daytime population. The 2000 Census revealed

that 76.53% of employees are employed in white-collar occupations

in this geography, and 23.45% are employed in blue-collar

occupations. In 2017, unemployment in this area is 4.72%. In 2000,

the average time traveled to work was 29.00 minutes.

Race and Ethnicity

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

71.18% White, 4.44% Black, 0.03% Native American and 18.40%

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 10.72% of the current year

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

17.88%.

PROPERTY NAME

MARKETING TEAM

39 RIDGEDALE AVE

Housing

The median housing value in your area was $493,062 in 2017,

compare this to the US average of $193,953. In 2000, there were

39,650 owner occupied housing units in your area and there were

15,209 renter occupied housing units in your area. The median rent at

the time was $837.

Source: © 2017 Experian

DEMOGRAPHICS

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