UPDA TED DEVE LOPM ENT TERM S
Corridor Center Contee Road, Laurel, Maryland 20707
a 28 acre mixed-use residential development opportunity
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968. Global Solutions. Local Expertise. While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy. All information should be independently verified prior to a purchase or lease of the property. We are not responsible for errors, omissions, misuse, or misinterpretation of information contained herein & make no warranty of any kind, express or implied, with respect to the property or any other matters.
Contact information Stephen J. Ferrandi, Principal Director of Residential Land Brokerage 6011 University Blvd Suite 350 Ellicott City MD 21043 tel 443 574 1430 fax 410 290 0723
[email protected] Offering Memorandum
OFFERING PACKAGE DISCLOSURES KLNB LAND is the exclusive agent for the sale of Corridor Center, located at the intersection of Interstate 95 and MD Route 198 in the City of Laurel. All inquiries should be addressed to: Stephen J. Ferrandi NAI/KLNB 6011 University Blvd., Suite 350 Ellicott City, Maryland 21043 443-574-1430
[email protected] The material contained herein is based in part upon information supplied or obtained by NAI/KLNB known hereinafter as KLNB LAND from sources deemed to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Prospective purchasers shall make their own investigations, projections and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the Property, including such engineering inspections and evaluation of market conditions as they deem necessary to determine the condition and value of the Property. The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of the Corridor Center described herein and is not to be used for any other purpose or made available without the expressed written consent of Stephen J. Ferrandi and NAI/KLNB.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Table of Contents
Table of Contents I.
Executive Summary
II.
Offering Terms
III.
Area Growth Impact
IV.
Property Description
V. Property Location
VI.
Aerial Photos
VII.
Site Photos
VIII. Zoning Map and Text
IX.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Demographics
Executive Summary
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Executive Summary
EXECUTIVE SUMMARY KLNB LAND is pleased to present for your consideration Corridor Center, an exceptionally well-located mixed-use community of 469 density units, conveniently positioned in the southeast corner of I-95 and Rte 198 in Laurel, Maryland. As the enclosed aerial photographs demonstrate, the property is located at the border to Konterra, a 2200-acre master planned community, and will be accessible from the InterCounty Connector (ICC), in addition to the current I-95 and Rte 198 interchange. As part of the ICC-related infrastructure upgrade, Contee Road and Van Dusen Road will be improved, providing easy additional access to the property. The Seller successfully annexed this 28-acre assemblage into the City of Laurel in order to have the property developed to its maximum capacity. Once the property was annexed, the Seller obtained a PUD Mixed-Use Overlay designation to allow for the current density. Today, the Seller has the flexibility to develop the property with a wide variety of “For Sale” and “Rental” product types on behalf of the contract purchaser. The zoning does limit any rental component to 250 units. It is expected that the property will yield approximately 200 town house lots in addition to any other mix of product. It is the goal of the Seller to work collaboratively with the Buyer to design a stellar community, featuring a mix of residential unit types. The zoning overlay allows (but does not mandate) that the property can be developed with the following product types: single family homes, town homes, villas, apartments, and/or condominiums. The Seller is making the assemblage available for purchase in its entirety or in two parcels (allowing for the possibility of two buyers). The parcels will most likely be developed in two phases. Parcel I – 24 acres, slated for a maximum of 219 town homes. Parcel 2 – 4 acres, slated for a maximum of 250 apartment units. Once a Buyer has been secured, the Seller will work to create an approved site development plan featuring the mix in terms of both quantity and product type of housing units that is acceptable to both the Buyer and Seller.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Executive Summary
The Seller is prepared to deliver the Corridor Center project under the following options. 1. Bulk sale “As-Is.” 2. Bulk sale at record ready – the Seller can obtain all approvals. Prior to the issuance of record plat and posting of bonds, the Seller will settle with the Buyer on the Property. 3. The Seller will develop the Property on behalf of the Buyer and deliver lots under a mutually agreed-upon takedown schedule. 4. The Seller will allow the Buyer or mutually agreed-upon developer to finish the lots on behalf of the Buyer and settle on the Property under a phased take down schedule by section.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Offering Terms and Conditions
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Offering Terms and Conditions
EXECUTIVE SUMMARY PRICE:
At the Seller’s direction, this property is being marketed to a limited number of potential buyers without a price. Please submit your offer on the property based on what you are prepared to pay per lot by product type. Please indicate whether you want the Seller to deliver the property to you under a bulk takedown or phased takedown schedule. Give as much detail as possible to assist the Seller in comparing offers.
TERMS:
The Seller is open to a wide variety of settlement options. Please elaborate on what you require.
DEPOSIT:
The Buyer will release to the Seller a Deposit in the amount of 7% of the contract purchase price at the completion of the due diligence period. In some scenarios, the deposit can be used by seller to achieve some of the purchase options, as referred to in points 2, 3, and 4 above.
DUE DILIGENCE PERIOD:
The buyer will have a 45-day study period from a fully executed contract of sale.
SETTLEMENT: The Seller is open to a wide variety of settlement options. Please elaborate on what you require. BROKERAGE COMMISSION: KLNB is being compensated directly by the Seller. If you are represented by a real estate brokerage, you are requested to compensate them directly.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Area Growth Impact
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Area Growth Impact
The Impact of BRAC on Fort Meade and the Surrounding Communities The Fort Meade area is bracing for astounding growth with the advent of two key programs: the Pentagon’s base realignment and closure program (known as BRAC) and the establishment of the National Security Agency’s U.S. Cyber Command headquarters (CYBERCOM).
BRAC
BRAC is bringing significant changes to the area surrounding the Fort George C. Meade military base in Maryland (located between Washington, DC, and Baltimore). Personnel from multiple federal agencies in New Jersey and Virginia are being relocated to Fort Meade as part of a streamlining program. To accommodate the massive influx of employees, the government has redeveloped a substantial portion of the military base into a secure business park. As the Pentagon continues to relocate operations from Northern Virginia to Fort Meade, the impact on the area in terms of jobs and new housing will be tremendous. According to David Bullock, a representative of the Defense Information System Agency (DISA), “We’re moving roughly 4,400 people that are either military, civilian, or contractors for whom we provide space. There’s another 4,000 to 5,000 contractors who directly support our headquarters’ operation.” It is expected that many of those transferred to Maryland from Virginia will initially commute to Fort Meade; however, experts believe that commuters will eventually purchase homes in the area. As DISA’s David Bullock explained at a recent press conference, “We expect this to be a commuting event initially, but we expect that over five years, the 75%-Virginia / 25%-Maryland demographics we started with -- we expect that to flip.” He further stated that contractors tend to move closer to the agencies they support. DISA’s move began in January of this year and will continue through the end of the summer. Some 150 to 200 DISA employees will be moved every weekend, adding up to a total of 4,372 new arrivals. Over the next few years, DISA will move 75% of its total workforce to Fort Meade.
By September 30, 2011, it is estimated that BRAC will have brought the number of people working at Fort Meade to 48,000.
In addition to DISA, thousands of additional workers from the Defense Media Activity and the co-location of the Defense Adjudication Program will be in place by this fall, resulting in a total of 5,695 jobs at Fort Meade this year. By September 30, 2011, BRAC will have brought the number of people working at Fort Meade to 48,000. Early estimates suggested that BRAC may provide jobs for as many as 60,000 military and civilian contractors.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Area Growth Impact
NSA and CYBERCOM
Apart from the other entities relocating under BRAC, the National Security Agency (NSA) is also located at Fort Meade. The scale of operations at the NSA is difficult to determine from unclassified data. Even the number of employees at the agency is considered a state secret. The best available jobs-indicator is the roughly 18,000 parking spaces visible in aerial photos of the site. It is expected that the NSA will continue to grow rapidly as the US fights the global war on terrorism, thus defining the agency an increasing provider of jobs in the area. CYBERCOM is also expected to be a significant player in the local job market. The Pentagon reported that about 1,000 people will work at Cyber Command, most shifting over from existing task forces. Rounding out the statement on the number of military personnel working at CYBERCOM, Gov. Martin O’Malley (D) said that the total command is expected to exceed 21,000 employees. “With the establishment of this Command in Maryland, we continue to strengthen our position as a global hub for cyber security,” O’Malley said. “This emerging industry not only helps protect our national security, but it provides for endless economic opportunity and job creation.”
Fort Meade Job Growth Means Housing for Its Employees
With the ramping up of BRAC, the NSA, and CYBERCOM, we are undoubtedly positioned to see extraordinary growth and market conditions, particularly for the housing industry. According to predictions, the area housing market will be characterized by two important factors: 1) a shortage of housing, and 2) an atypically prosperous local workforce. According to a BRAC study by Sage Policy Group, “there will not be enough available housing inventory to accommodate all those who would be expected to seek housing.” This predicted housing shortage will create an isolated and competitive local real estate market – one which will be made even more remarkable by the slanted demographics of the new buyers. Consider this point: although the education levels of Fort Meade job seekers will range from high school to Ph.D., the BRAC Higher Education Study indicates that the workforce will be characterized by a higher-than-average education. To understand what a higher-than-average level might mean, look to a survey by DISA, which indicates that more than 50% of its employees have a bachelor’s degree, and 32% have a master’s degree. Assuming that other local agencies also have 80+% of their employees holding post-secondary degrees, Fort Meade could be arguably one of the most educated places on earth -- making for an interesting and distinct homebuyer group.
Fulfilling the Housing Needs of a Narrowly-defined Consumer Group
If, as the saying goes, an educated consumer is also a discerning consumer, then, when it comes to housing, the new Fort Meade workforce is going to want to live in an exceptional residential community when they relocate. Because they enjoy an income level that allows them to live close to where they work, Fort Meade employees will shop within a
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Area Growth Impact
tight radius. And with the absence of significant competition, Corridor Center will be the neighborhood of choice: the exceptional community with the ideal commute. When you examine all the factors, Corridor Center is the perfect fit for the new Fort Meade workforce.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Property Description
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Plat Map
Property Description
Property Location
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Property Location
Area Map
Maryland, United States, North America
SITE
0 mi
Commercial Real Estate Services, Worldwide.
2
4
Copyright © and (P) 1988–2009 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/ A division of KLNB, founded in 1968. Certain mapping and direction data © 2009 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for
6
Property Location
Final Intercounty Connector Route
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29
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198
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Perrywood Estates
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int
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Valleybrook
ARCOLA AVE.
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Meadowood
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Fairland Gardens
Fairland Acres
Fairland Farms
Fair Knoll
Colesville Estates
650
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Oakhurst
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Wheaton Regional Park
VE
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Colesville
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RANDOLPH RD.
586
355
GLENMONT
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97
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Old Salem Village
WH NE
1
0
185
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Maydale
D.
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SAN DY
Burtonsville
Beach
OL ND E. RA
10
PRINCE GEORGE’S CO.
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LAYHILL RD.
495 95
RD. MONTROSE
Annapolis
State officials chose an alignment for an east-west highway in the Maryland suburbs yesterday that has been on planning maps for four decades. The road would stretch 18 miles from Interstate 270 to Route 1, connecting northern Montgomery and Prince George’s counties.
Northwest Branch Park
182
.
66
Connector Route Chosen
Layhill Village
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Peachwood Estates
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95
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MD. VA. FAIRFAX CO.
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Orchard Estates
Good Hope Estates
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Wilson Hills
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95 70
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198 SPENCER VIL LE
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Cloverly
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Rejected routes
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AN
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28
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355
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270
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97
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Spencerville
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650
216
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Norbeck Muncaster Mill
115
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Deerwood Station
Deerwood
R. WEST DE D GU
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LAYHILL RD. 182
Norbeck Knolls
Potential Park & Ride
Sycamore Acres
MILL RD.
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Brook Manor Estates
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MILE
29
216 SCAGG SVIL LE R D.
Ashton
182
Hollow Tree Farm
Norbeck Village
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SANDY SPRING RD.
400
ED
CRABBS BRANCH
119
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D
DOCTOR BIRD RD.
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370
Longdraft Estates
OO
Cherrywood Knolls
228
r.
R
108
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1
0
108
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Olney Estates
Oakdale
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97
Cherrywood
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North Branch Stream Valley Park
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Candlewood Park
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Olney Crossing
Cherry Valley
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oc
Cashell Estates
Lake Ne
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Cashell Manor E CASH
Mill Parkside Creek Estates South
Walnut Grove
Bowie Mill Estates
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115
k Cr.
. VE KA RIC DE
Summit Hill Farm Park
Redland
Olney Acres
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R
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Williamsburg Village
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WASHINGTON GROVE LA.
Deer Park
270
108
.
MIL LR D
Redland Estates MI DC Mill Creek OUN TY H W Towne
FRE
QUINCE ORCHARD RD.
Mineral Spring
DIAMOND AV E.
DIAMOND AVE.
124
Laytonia
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355
Gaithersburg
NC AS TE R
WOODFIELD RD.
124
Emory Grove
.
SUMMIT AVE.
124
MU
MONTGOMERY VILLAGE AVE.
RD. ELL OD
Beltsville Agricultural Research Center
SOURCES: Maryland Transportation Authority, Federal Highway Administration, State Highway Administration BY GENE THORP — THE WASHINGTON POST
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
C O U N T Y
Rocky Gorge Reservoir
. RD OR EDN
Rolling Acres
ST AB LE R
Calverton
RD. 95
BROAD BIRCH DR.
E
IA MB
VAN DU SEN RD.
G E O R G E ’ S C O U N T Y
BAL TIM ORE AVE .
OLD GUN POWD ER R
E
PIK
BR IGG SC HA NEY
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29
Springbrook
P R I N C E
PIK
LU CO
ER WD PO 212
Cross Creek
Greencastle Manor
Calverton OLD GUNPOWDER RD. RD. ALE ND ME M A 212 P OW
. RD LL MI
. RD ILL RM DE
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
M.L.K. Rec. Park
White Oak
FAIRLA ND R D.
RD. ILL
Wheaton
Br. nt
ARCOLA AVE.
E. SHIRE AV AMP WH NE
Wheaton Regional Park
Pa i
East Springbrook
Valleybrook
Tanglewood
Stonecrest
Fairview Estates
Huntington
BIA
Fairland
PH RD.
CHERRY LA.
95
D. EN R VAN DUS
Knightsbridge
Stonecrest Paint BranchNorth
Park
Fairland Recreational Park
t Br. L. Pain
Paint Branch Estates
Avonshire
SITE
D.
Beltsville
95
MAN OR RD.
Colesville Fair Estates Knoll
Springbrook Woodlawn Road Terrace Local Park Meadowood
Saddle Creek
Countryside
Fairland Fairland Heights Estates
FAIRLAND RD.
650 . RD Wolf Sherwood PH Buckley Acres OL Forest D Downs Cannon Manor RAN North
Springwood
r.
Perrywood Estates
Laurel 198
1
. RD
GLENMONT
Colesville
Paint Branch Farms
OL ND E. RA
LAYHILL RD.
Middlebridge
Sherwood Forest
Colesville Farm Estates
int
198
29
1
OL DB ALT IMO RE PIK E
182
No rth west Br.
Northwest Branch Park
Upper Paint Branch Park
Greencastle Woods
Patu x
ent R BRO . OKLY N BR IDGE RD.
RD. SPRING SANDY
EY AN S CH IGG BR
Layhill Village East
Fairland Farms
Gum Springs Farm
North Sherwood Forest
Colesville Manor South Drumeldra Hills Stonegate
Fairland Gardens
Fairland Acres
95
B
198
Highlands Oakhurst Valley Stream Estates Country Place
OLD COLUM BIA P IKE
Audoubon Woods
RD.
. RD
Layhill
Layhill Village
PE HO OD GO
BONIFANT RD.
t
Br.
C r.
.
Stratford Manor Terrace
EY AN CH
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Wilson Hills
BRIG GS
D.
ING RID
SAN DY
Burtonsville
Beach Upper Paint Orchard Maydale Branch ParkHeights
n Pai
Naples Manor
Longmead
Rusty Acres
Orchard Estates
Good Hope Estates
B
Potential Park & Ride
Fairview
CO LU M
NE W
Cloverly
Norwood Cloverly Local Park Knolls Colesville Peachwood Park Estates 650 Peachwood Stonegate Old Salem Village RD.
198 SPENCER VIL LE RD .
G RIN SP
Northwest Branch Recreational Park
T. Howard Duckett Watershed
Rejected routes
Bernhard Acres Sniders Estates
HA MP SH IRE AVE .
NO RW OO DR D.
Allanwood Gayfields
Browns Corner
Norwood Estates
Pa
Norwood Village
NEW HAMPS HIRE A VE.
Stape Estates
Spencerville Knolls
OLD CO LUM BIA PIKE
Llewellyn Fields
970
Kings Subdivision
624
Norbeck Knolls
Rocky Gorge Reservoir
T. Howard Duckett Watershed
Spencerville
454
LAYHILL RD. 182
650
760
Woodlawn Cultural Park
216
IKE IA P UMB L O C
580
RD. OOD NORW
400
D. RR NO ED
Scaggsville
H O W A R D
Ednor
& Ride
st
Cedar Knolls Farm
182 icc detail
ollow ee Farm
D. KR BEC
Property Location
NEW HAM PSH IRE AV E.
29
216 SCAGG SVI LLE RD.
ON DM ILL R D.
DOCTOR BIRD RD.
Ashton
AD RO
CON TEE RD.
L
I RA
VIRG INIA
108
f Olney
OLNEY SANDY SPRING RD.
MILE
BA LTI MO RE AV E.
Estates
NORWOOD RD.
Timberland
NEY Estates SAN DY SPR ING RD. ghlands
1
0
108
Sandy Olney Spring
MU
IRKI
RK R
RD. ELL OD
D.
Beltsville Agricultural Research Center
SOURCES: Maryland Transportation Authority, Federal Highway Administration, State Highway Administration BY GENE THORP — THE WASHINGTON POST
Aerial Photos
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
70
695
83
BALTIMORE BALTIMORE
70
695
100 29
32
270
1
95
175
695
BWI BWI INTERNATIONAL AIRPORT AIRPORT
100 INTERNATIONAL 1
295
100
32 29
95
175
LAUREL LAUREL 1 295 FORT FORT MEADE MEADE National National Security Security Agency Agency
SITE 95 495
50 50
WASHINGTON, WASHINGTON, D.C. D.C. 3
66 495 95 95
495
4 4 5 3
97
97
Aerial Photos
Regional Aerial
198
1
Corridor Center FAIRLAND FAIRLAND REIONAL REIONALPARK PARK
198
95 29
212
LAUREL PRINCE GEORGE’S COUNTY, MARYLAND
495
- Aerials Express Fall 2007 Aerial Photograph While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy.
Aerial Photos
Close-up Aerial
Aerial Photos
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Aerial Photos
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Aerial Photos
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Aerial Photos
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Aerial Photos
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Aerial Photos
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Site Photos
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Photographs
A Panoramic View of the Subject Property
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Photographs
A Panoramic View of the Subject Property
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Photographs
A Panoramic View of the Subject Property
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Photographs
View of I-95 exit ramp backing to the Subject Property
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Photographs
A Panoramic View of the Subject Property
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Zoning Map and Text
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Zoning Map and Text
Zoning Map
CORRIDOR CENTER
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Zoning Map and Text
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
Demographics
Commercial Real Estate Services, Worldwide. A division of KLNB, founded in 1968.
EXPANDED PROFILE
1990 - 2000 Census, 2009 Estimates with 2014 Projections Calculated using Proportional Block Groups Lat/Lon: 39.07765/-76.86929
Laurel, MD Population (2009)
Estimated Population Census Population (1990) Census Population (2000) Projected Population (2014) Forecasted Population (2019) Historical Annual Growth (1990 to 2000) Historical Annual Growth (2000 to 2009) Projected Annual Growth (2009 to 2014) Estimated Population Density Trade Area Size
Households (2009)
Estimated Households Census Households (1990) Census Households (2000) Projected Households (2014) Forecasted Households (2019) Households with Children Average Household Size
Average Household Income (2009)
Est. Average Household Income Proj. Average Household Income (2014)
1 Mile
11,305 9,556 9,939 12,436 13,822 383 1,365 1,132
3 Miles
0.40% 1.53% 2.00%
3,601 psm 3.14 sq mil 4,957 4,068 4,267 5,600 8,709 1,380 2.22
27.84%
65,518 56,861 62,570 63,851 64,546 5,709 2,948 -1,667
5 Miles
1.00% 0.52% -0.51%
2,318 psm 28.26 sq mil 26,695 22,803 25,125 26,702 41,517 8,332 2.42
31.21%
154,274 122,588 143,214 149,046 152,251 20,627 11,060 -5,229
1.68% 0.86% -0.68%
1,965 psm 78.49 sq mil 60,216 47,788 55,753 59,295 92,196 20,682 2.53
34.35%
$85,700 $91,860
$85,395 $89,045
$90,965 $96,447
$102,020
$100,684
$105,473
Est. Median Household Income Proj. Median Household Income (2014)
$70,903 $79,013
$72,190 $78,775
$78,298 $84,751
Median Family Income
$81,765
$85,377
$90,842
$39,226 $42,931 $3,705
9.44%
$35,447 $37,938 $2,492
7.03%
$36,069 $38,977 $2,908
8.06%
9.37%
$58,205 $62,820 $4,615
7.93%
$62,536 $67,030 $4,494
7.19%
Average Family Income
Median Household Income (2009)
Per Capita Income (2009)
Est. Per Capita Income Proj. Per Capita Income (2014) Per Capita Income Est. 5 year change
Other Income (2009)
Est. Median Disposable Income Proj. Median Disposable Income (2014) Disposable Income Est. 5 year change Est. Average Household Net Worth
Daytime Demos (2009)
Total Number of Businesses Total Number of Employees Company Headqtrs: Businesses Company Headqtrs: Employees Unemployment Rate Employee Population per Business Residential Population per Business
$57,605 $63,004 $5,399 $529,226
578 9,145 1 0.18% 168 1.84% 2.39% 15.8 to 1 19.6 to 1
$569,590 2,876 38,603 15 0.51% 1,672 4.33% 3.65% 13.4 to 1 22.8 to 1
$623,472 5,640 91,632 40 0.71% 3,649 3.98% 4.35% 16.2 to 1 27.4 to 1
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Corridor Center
EXPANDED PROFILE
1990 - 2000 Census, 2009 Estimates with 2014 Projections Calculated using Proportional Block Groups Lat/Lon: 39.07765/-76.86929
Laurel, MD Race & Ethnicity (2009)
White Black or African American American Indian & Alaska Native Asian Hawaiian & Pacific Islander Other Race Two or More Races Not Hispanic or Latino Population Hispanic or Latino Population Not of Hispanic Origin Population (1990) Hispanic Origin Population (1990) Not Hispanic or Latino Population (2000) Hispanic or Latino Population (2000) Not Hispanic or Latino Population (2014) Hispanic or Latino Population (2014) Hist. Hispanic Ann Growth (1990 to 2009) Proj. Hispanic Ann Growth (2014 to 2009)
Age Distribution (2009)
1 Mile
3 Miles
5 Miles
3,245 5,973 29 613 12 600 832
28.71% 52.83% 0.26% 5.42% 0.11% 5.31% 7.36%
23,130 30,321 182 3,890 95 3,265 4,635
35.30% 46.28% 0.28% 5.94% 0.14% 4.98% 7.07%
61,501 60,889 354 14,439 169 7,045 9,877
39.86% 39.47% 0.23% 9.36% 0.11% 4.57% 6.40%
9,980 1,325 9,198 358 9,439 500 10,343 2,094 967 769
88.28% 11.72% 96.25% 3.75% 94.97% 5.03% 83.17% 16.83% 14.22% 11.61%
57,684 7,834 55,060 1,801 59,083 3,487 53,249 10,602 6,033 2,769
88.04% 11.96% 96.83% 3.17% 94.43% 5.57% 83.40% 16.60% 17.63% 7.07%
137,995 16,279 118,334 4,253 135,217 7,997 128,172 20,874 12,026 4,595
89.45% 10.55% 96.53% 3.47% 94.42% 5.58% 86.00% 14.00% 14.88% 5.65%
894 7.90% 707 6.25% 544 4.81% 537 4.75% 803 7.10% 1,329 11.75% 1,158 10.24% 994 8.79% 905 8.01% 852 7.54% 724 6.40% 610 5.40% 430 3.80% 467 4.13% 237 2.09% 115 1.02% 32.90 yrs
4,910 7.49% 4,312 6.58% 3,752 5.73% 3,812 5.82% 4,644 7.09% 5,868 8.96% 5,472 8.35% 5,288 8.07% 5,375 8.20% 4,948 7.55% 4,265 6.51% 3,736 5.70% 3,134 4.78% 3,653 5.58% 1,760 2.69% 589 0.90% 34.42 yrs
11,315 7.33% 10,505 6.81% 9,466 6.14% 9,658 6.26% 11,422 7.40% 12,821 8.31% 11,801 7.65% 12,169 7.89% 12,947 8.39% 12,241 7.93% 10,205 6.61% 8,830 5.72% 7,341 4.76% 8,420 5.46% 3,795 2.46% 1,339 0.87% 34.60 yrs
Female Population 0 to 19 yrs 20 to 64 yrs 65 yrs plus Female Median Age
6,022 53.27% 1,402 23.28% 4,101 68.11% 519 8.62% 33 yrs
34,118 52.07% 8,412 24.66% 22,144 64.91% 3,561 10.44% 35 yrs
80,271 52.03% 20,289 25.28% 52,153 64.97% 7,828 9.75% 35 yrs
Male Population 0 to 19 yrs 20 to 64 yrs 65 yrs plus Male Median Age
5,283 46.73% 1,280 24.22% 3,703 70.10% 300 5.68% 32.53 yrs
31,400 47.93% 8,374 26.67% 20,585 65.56% 2,441 7.77% 33.49 yrs
74,004 47.97% 20,655 27.91% 47,624 64.35% 5,725 7.74% 33.66 yrs
0 to 4 yrs 5 to 9 yrs 10 to 14 yrs 15 to 19 yrs 20 to 24 yrs 25 to 29 yrs 30 to 34 yrs 35 to 39 yrs 40 to 44 yrs 45 to 49 yrs 50 to 54 yrs 55 to 59 yrs 60 to 64 yrs 65 to 74 yrs 75 to 84 yrs 85 yrs plus Median Age
Gender Age Distribution (2009)
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Corridor Center
EXPANDED PROFILE
1990 - 2000 Census, 2009 Estimates with 2014 Projections Calculated using Proportional Block Groups Lat/Lon: 39.07765/-76.86929
Laurel, MD Household Income Distribution (2009)
1 Mile
3 Miles
5 Miles
$200,000 or More $150,000 to $199,999 $100,000 to $149,999 $75,000 to $99,999 $50,000 to $74,999 $35,000 to $49,999 $25,000 to $34,999 $15,000 to $24,999 $0 to $14,999
204 237 900 952 1,140 756 385 252 130
4.12% 4.78% 18.17% 19.21% 23.00% 15.26% 7.77% 5.08% 2.62%
1,222 1,564 5,031 4,615 5,811 3,718 2,134 1,457 1,143
4.58% 5.86% 18.85% 17.29% 21.77% 13.93% 7.99% 5.46% 4.28%
3,261 4,263 12,449 10,334 13,068 7,646 4,062 2,723 2,411
5.41% 7.08% 20.67% 17.16% 21.70% 12.70% 6.74% 4.52% 4.00%
$35,000+ $75,000+
4,190 2,294
84.53% 46.27%
21,961 12,432
82.27% 46.57%
51,021 30,307
84.73% 50.33%
Housing (2009)
Total Housing Units Housing Units, Occupied Housing Units, Owner-Occupied Housing Units, Renter-Occupied Housing Units, Vacant Median Years in Residence
Marital Status (2009)
5,587 4,957 88.72% 2,625 52.96% 2,332 47.04% 630 11.28% 3 yrs
29,548 26,695 90.34% 15,427 57.79% 11,269 42.21% 2,853 9.66% 3 yrs
65,558 60,216 91.85% 37,574 62.40% 22,643 37.60% 5,341 8.15% 4 yrs
3,092 3,831 836 277 1,116
33.79% 41.86% 9.14% 3.03% 12.20%
16,568 24,298 3,808 2,265 5,598
31.54% 46.25% 7.25% 4.31% 10.66%
37,499 61,469 7,571 4,701 11,770
30.48% 49.97% 6.15% 3.82% 9.57%
Population Family Population Non-Family Population Group Qtrs
7,922 3,102 281
70.07% 27.44% 2.49%
50,067 14,589 862
76.42% 22.27% 1.32%
122,971 29,642 1,661
79.71% 19.21% 1.08%
Family Households Married Couple With Children Average Family Household Size Non-Family Households
2,452 765 3.2 2,504
49.48% 19.97%
56.96% 20.07% 43.04%
37,088 13,280 3.3 23,128
61.59% 21.60%
50.52%
15,206 4,877 3.3 11,490
2,031 1,323 659 551 251 142
40.97% 26.68% 13.30% 11.12% 5.07% 2.87%
9,309 7,160 3,987 3,626 1,641 972
34.87% 26.82% 14.94% 13.58% 6.15% 3.64%
18,273 16,823 9,726 9,104 4,036 2,254
30.35% 27.94% 16.15% 15.12% 6.70% 3.74%
8,650 214 2,263 2,480 1.7
4.32% 45.66% 50.02%
48,889 1,569 10,671 14,456 1.8
5.88% 39.97% 54.15%
114,325 3,024 21,572 35,621 1.9
5.02% 35.82% 59.16%
Never Married Now Married Separated Widowed Divorced
Household Type (2009)
Household Size (2009)
1 Person Household 2 Person Households 3 Person Households 4 Person Households 5 Person Households 6+ Person Households
Household Vehicles (2009)
Total Vehicles Available Household: 0 Vehicles Available Household: 1 Vehicles Available Household: 2+ Vehicles Available Average Vehicles Per Household
38.41%
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Corridor Center
EXPANDED PROFILE
1990 - 2000 Census, 2009 Estimates with 2014 Projections Calculated using Proportional Block Groups Lat/Lon: 39.07765/-76.86929
Laurel, MD Labor Force (2009)
Est. Labor: Population Age 16+ Est. Civilian Employed Est. Civilian Unemployed Est. in Armed Forces Est. not in Labor Force
Occupation (2000)
Occupation: Population Age 16+ Mgmt, Business, & Financial Operations Professional and Related Service Sales and Office Farming, Fishing, and Forestry Construct, Extraction, & Maintenance Production, Transp. & Material Moving Percent White Collar Workers Percent Blue Collar Workers
Consumer Expenditure (2009)
Total Household Expenditure Total Non-Retail Expenditures Total Retail Expenditures Apparel Contributions Education Entertainment Food And Beverages Furnishings And Equipment Gifts Health Care Household Operations Miscellaneous Expenses Personal Care Personal Insurance Reading Shelter Tobacco Transportation Utilities
Educational Attainment (2009)
Adult Population (25 Years or Older) Elementary (0 to 8) Some High School (9 to 11) High School Graduate (12) Some College (13 to 16) Associate Degree Only Bachelor Degree Only Graduate Degree
1 Mile
3 Miles
5 Miles
9,017 7,078 215 66 1,658
78.49% 2.39% 0.73% 18.38%
51,734 38,305 1,888 316 11,225
74.04% 3.65% 0.61% 21.70%
121,046 87,804 5,271 679 27,292
72.54% 4.35% 0.56% 22.55%
5,909 1,069 1,789 513 1,581 520 436 4,440 1,469
18.10% 30.28% 8.68% 26.76% 8.80% 7.38% 75.14% 24.86%
35,403 5,773 9,374 4,215 10,069 39 2,824 3,110 25,216 10,188
16.31% 26.48% 11.90% 28.44% 0.11% 7.98% 8.78% 71.22% 28.78%
81,114 14,134 24,796 9,224 21,335 97 5,574 5,955 60,265 20,849
17.42% 30.57% 11.37% 26.30% 0.12% 6.87% 7.34% 74.30% 25.70%
$313 M $181 M $132 M $15.0 M $11.8 M $7.83 M $17.6 M $47.2 M $14.2 M $8.49 M $18.6 M $11.5 M $5.22 M $4.54 M $3.27 M $1.04 M $60.3 M $1.91 M $63.1 M $21.5 M
57.79% 42.21% 4.78% 3.78% 2.50% 5.62% 15.08% 4.53% 2.71% 5.93% 3.68% 1.67% 1.45% 1.04% 0.33% 19.26% 0.61% 20.15% 6.86%
$1.68 B $973 M $711 M $80.7 M $64.8 M $42.9 M $94.7 M $253 M $76.3 M $46.2 M $99.4 M $62.5 M $27.9 M $24.4 M $17.8 M $5.56 M $325 M $10.1 M $337 M $115 M
57.78% 42.22% 4.79% 3.85% 2.55% 5.63% 15.05% 4.53% 2.75% 5.90% 3.71% 1.66% 1.45% 1.06% 0.33% 19.33% 0.60% 20.02% 6.80%
$3.97 B $2.30 B $1.67 B $191 M $156 M $104 M $224 M $594 M $181 M $111 M $231 M $150 M $65.2 M $57.3 M $42.8 M $13.1 M $770 M $23.1 M $792 M $266 M
57.86% 42.14% 4.80% 3.94% 2.61% 5.64% 14.96% 4.56% 2.79% 5.82% 3.78% 1.64% 1.44% 1.08% 0.33% 19.38% 0.58% 19.94% 6.71%
7,820 258 371 1,772 1,418 553 1,952 1,497
3.30% 4.74% 22.66% 18.13% 7.07% 24.96% 19.15%
44,087 1,953 2,523 11,086 8,427 2,934 9,961 7,204
4.43% 5.72% 25.14% 19.11% 6.66% 22.59% 16.34%
101,909 3,655 4,819 23,108 18,625 6,491 25,346 19,865
3.59% 4.73% 22.68% 18.28% 6.37% 24.87% 19.49%
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Corridor Center
EXPANDED PROFILE
1990 - 2000 Census, 2009 Estimates with 2014 Projections Calculated using Proportional Block Groups Lat/Lon: 39.07765/-76.86929
Laurel, MD Units In Structure (2000)
1 Detached Unit 1 Attached Unit 2 to 4 Units 5 to 9 Units 10 to 19 Units 20 to 49 Units 50 or more Units Mobile Home or Trailer Other Structure
Homes Built By Year
1999 to 2000 1995 to 1998 1990 to 1994 1980 to 1989 1970 to 1979 1960 to 1969 1950 to 1959 Built Before 1949
Home Values (2000)
$1,000,000 or More $500,000 to $999,999 $400,000 to $499,999 $300,000 to $399,999 $200,000 to $299,999 $150,000 to $199,999 $100,000 to $149,999 $70,000 to $99,999 $50,000 to $69,999 $25,000 to $49,999 $0 to $24,999 Owner Occupied Median Home Value Renter Occupied Median Rent
Transportation To Work (2000)
Drive to Work Alone Drive to Work in Carpool Travel to Work - Public Transportation Drive to Work on Motorcycle Walk or Bicycle to Work Other Means Work at Home
Travel Time (2000)
Travel to Work in 14 Minutes or Less Travel to Work in 14 to 29 Minutes Travel to Work in 30 to 59 Minutes Travel to Work in 60 Minutes or More Average Travel Time to Work
1 Mile
3 Miles
5 Miles
917 1,001 104 864 1,515 77 72 -
20.15% 22.00% 2.28% 18.99% 33.30% 1.70% 1.58% -
8,502 6,168 1,000 3,304 5,168 310 1,578 313 -
32.27% 23.41% 3.80% 12.54% 19.62% 1.18% 5.99% 1.19% -
20,381 14,435 1,537 5,186 11,881 1,154 2,695 664 -
35.18% 24.92% 2.65% 8.95% 20.51% 1.99% 4.65% 1.15% -
21 72 593 1,624 1,250 781 162 48
0.46% 1.58% 13.02% 35.69% 27.46% 17.17% 3.57% 1.06%
317 1,224 2,376 6,938 6,337 5,713 1,998 1,439
1.20% 4.65% 9.02% 26.34% 24.06% 21.69% 7.58% 5.46%
798 3,903 6,313 17,687 11,056 11,024 3,955 3,197
1.38% 6.74% 10.90% 30.53% 19.08% 19.03% 6.83% 5.52%
1 3 47 535 812 88 14 10 8 $139,060 $747
0.04% 0.20% 3.08% 35.26% 53.55% 5.81% 0.91% 0.65% 0.50%
28 4 18 149 1,285 4,009 5,347 711 89 40 37 $149,116 $733
0.24% 0.04% 0.16% 1.27% 10.97% 34.21% 45.63% 6.07% 0.76% 0.34% 0.32%
65 100 139 904 4,744 9,793 10,899 1,348 368 365 110 $161,074 $778
0.22% 0.35% 0.48% 3.13% 16.45% 33.96% 37.80% 4.68% 1.28% 1.27% 0.38%
4,822 688 301 72 158
79.83% 11.38% 4.98% 1.19% 2.62%
26,926 5,076 2,198 14 820 158 834
74.74% 14.09% 6.10% 0.04% 2.28% 0.44% 2.31%
62,029 11,071 5,303 40 1,487 341 2,024
75.37% 13.45% 6.44% 0.05% 1.81% 0.41% 2.46%
841 14.30% 1,636 27.82% 2,467 41.94% 938 15.94% 34.4 mins
5,866 16.67% 10,921 31.04% 13,038 37.05% 5,365 15.25% 32.3 mins
12,633 15.74% 24,181 30.12% 31,109 38.76% 12,346 15.38% 32.4 mins
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Corridor Center