$5,950,000 middlesex county 122 quentin avenue, new ...all sperry van ness® offices independently...

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All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901 $5,950,000 Presented By: Ian M. Grusd, CCIM, SIOR 33 Wood Avenue South, Suite 600 Iselin, NJ 08830 (732)906-0505 [email protected] Doug Richter 33 Wood Avenue South, Suite 600 Iselin, NJ 08830 (732)906-0505 [email protected] Offering Highlights Priced $2,600,000 below assessed value! Excellent loading, rail access and parking Just off Route 1 with proximity to NJ Turnpike Outside storage 08/23/2011

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Page 1: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

All Sperry Van Ness® Offices Independently Owned and Operated.

MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

$5,950,000

Presented By: Ian M. Grusd, CCIM, SIOR 33 Wood Avenue South, Suite 600 Iselin, NJ 08830 (732)906-0505 [email protected]

Doug Richter 33 Wood Avenue South, Suite 600 Iselin, NJ 08830 (732)906-0505 [email protected]

Offering Highlights

Priced $2,600,000 below assessed value!

Excellent loading, rail access and parking

Just off Route 1 with proximity to NJ Turnpike

Outside storage

08/23/2011

Page 2: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

All materials and information received or derived from Sperry Van Ness / Richter Grusd(hereinafter collectively “Sperry Van Ness”), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by Sperry Van Ness its directors, officers, agents, advisors, or affiliates as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Sperry Van Ness its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Sperry Van Ness will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Sperry Van Ness makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Sperry Van Ness does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Sperry Van Ness in compliance with all applicable fair housing and equal opportunity laws. Sperry Van Ness / Richter Grusd is independently owned and operated.

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The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Executive Summary NEW BRUNSWICK INDUSTRIAL

122 Quentin Avenue

New Brunswick, NJ 08901

List Price $5,950,000

Price per S.F. $34.59

CAP

Building S.F. 172,000

No. of Dock High Doors 11

Land Acres 6.78

Located in 3rd largest Industrial market in US

Cross Street Jersey Avenue Tax Parcel Number Block 596 Lot 3.02

Market Middlesex County Sub Market New Brunswick/Route 1

Year Built 1970 Zoning Type Industrial

No. of Buildings 1 Percent Office Space 3.00 %

Percent Air Conditioned 3.00 % Rail Access Yes

No. of Stories 1 Clear Height 18-48'

Sprinkler Type Wet Parking Spaces 125

Rentable S.F. 172,000

Property Descriptions

Area Located directly off Jersey Avenue, the main industrial thoroughfare in active New Brunswick. Tremendous skilled labor market and low property taxes.

Property FOR SALE: 172,000 SF Industrial building with 18'-48'+ ceilings, 11 Loading dock doors, rail access and 5,100+- SF office area. Heavy, well distributed power comprising 4,000+ amps. Sits on 6.78 acres mostly paved with excellent car and trailer parking. Asking price is $2,600,000 below assessed value of $8,600,000!

Parking On site parking for 125 cars plus trailer storage

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No warranty or representation, express or implied is made as to the accuracy of the information, including zoning, environmental, structural, electrical, mechanical and sprinkler systems and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the principal. Prospective purchasers/tenants are urged to conduct whatever investigation they, their attorneys and advisors deem necessary regarding the properties, including but not limited to the above items.

SPEC SHEET 122 Quentin Avenue

New Brunswick, NJ 08901 BUILDING SIZE 172,000 square feet -5,100 SF Office -166,900 SF Warehouse BLOCK/LOT Block 596 Lot 3.02 YEAR BUILT 1970 LAND AREA 6.78 acres CONSTRUCTION

• Foundation - Poured reinforced concrete slab composition. • Framing – Load bearing steel “I” beam frame system and non-load block walls. • Exterior Walls - Perimeter wall finishes consist of metal panels. Fenestration consists of thermal plate glass

in fixed metal frames. • Warehouse consists of concrete slab floors and painted/exposed metal panel walls.

OFFICE SF 5,100 SF (2.97% of RBA) Painted sheetrock partition walls and wooden trim molding, acoustic tile drop-ceilings, and a combination of ceramic tile (bathrooms), and industrial-grade vinyl or carpeted floors over the concrete slab substrate. Lighting is comprised of ceiling mounted fluorescent ceiling fixtures and/or incandescent table/floor lighting. CEILING HEIGHTS Warehouse = Varies from 18 to 48+/- feet Approximate breakdown: 21’ 60,000 SF 48’ 12,000 SF 18’ 82,000 SF *balance comprises warehouse below office area, interior loading and interior rail

Page 5: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

No warranty or representation, express or implied is made as to the accuracy of the information, including zoning, environmental, structural, electrical, mechanical and sprinkler systems and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the principal. Prospective purchasers/tenants are urged to conduct whatever investigation they, their attorneys and advisors deem necessary regarding the properties, including but not limited to the above items.

LOADING Tailboards = 11 (includes 1 interior drive in ramp) COLUMN SPACING Varies 50 x 28’; 40 x 30; 30 x 30 POWER 4,000 amps+ ROOF Flat, torched-down bitumen weather cover over a corrugated steel sub-deck CRANES One (1) Heavy Capacity Whiting Crane SPRINKLERS Full 100% fire sprinkler system. The building also contains smoke detectors and fire extinguishers throughout. LIGHTING – Warehouse Ceiling hung fluorescent fixtures. HVAC

• Office - Heating and cooling for the office areas are produced by HVAC package units and are distributed through an air duct system.

• Warehouse - The warehouse area is heated via ceiling mounted gas-fired space heaters and is not air conditioned.

SECURITY Video cameras throughout the facility Service = ADT PARKING 125 cars plus trailer storage ZONING I-2 (General Industrial)

Page 6: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

No warranty or representation, express or implied is made as to the accuracy of the information, including zoning, environmental, structural, electrical, mechanical and sprinkler systems and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the principal. Prospective purchasers/tenants are urged to conduct whatever investigation they, their attorneys and advisors deem necessary regarding the properties, including but not limited to the above items.

TAXES (2010) $175,508 ($1.02 PSF) *Tax appeal under consideration. $847,500 Land $2,552,500 Building $3,400,000 Tax Ratio: 39.5% *$3,400,000/39.5% tax ratio = $8,607,595 actual value per assessment

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SITE PLAN - BLOCK 596, LOT 3.02

122 Quentin Avenue, New Brunswick

R i c h t e r G r u s d

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, andsame is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice,and to any special listing conditions imposed by our principals.

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SUBJECT PHOTOGRAPHS

SUBJECT PHOTOGRAPHS

SUBJECT PROPERTY: 122 QUENTIN AVENUE, NEW BRUNSWICK, NEW JERSEY

SUBJECT PROPERTY: 122 QUENTIN AVENUE, NEW BRUNSWICK, NEW JERSEY

Page 9: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

SUBJECT PHOTOGRAPHS

EXTERIOR VIEW EXTERIOR VIEW

EXTERIOR VIEW EXTERIOR VIEW

PARKING LOT ENTRANCE

Page 10: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

SUBJECT PHOTOGRAPHS

OFFICE VIEW OFFICE VIEW

OFFICE VIEW WAREHOUSE VIEW

WAREHOUSE VIEW WAREHOUSE VIEW

Page 11: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

www.svn.com

All Sperry Van Ness® Offices Independently Owned and Operated.

Location Map

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Site Map

©2010 Esri 8/15/2011 Page 1 of 1

1122 Quentin Ave, New Brunswick, NJ 08901-3221Ring: 1, 15, 30 Miles

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http://www.njtaxrecords.com/...reet= 22 QUENTIN AVE&Profile=STREET&streetpointer=10&blocklist=00596&lot=00003 02&qualifier=[8/15/2011 8:52:54 PM]

Property Search> Select City> Select Street> Select Address> Select Property>

Property Details:Middlesex County, City of NEW BRUNSWICK (1213) Block: 00596 Lot: 00003 02 Qualifier: Property Address: 22 QUENTIN AVE Property Class: 4B - Industrial Land Descr: 6.7800 Bldg Descr: 9 BLDGS Calc Area: 6.78 Assessment - Land: $847,500.00 Improved: $2,552,500.00 Total: $3,400,000.00/Tax Ratio: 39.5%=$8,607,595 Estimated Taxes for 2010: $175,508.00 Total Sq. Ft.: 0 Year Built: Property Owner: INTEGRATED PACKAGING CORP. INC.

Owner Address: 122 Quentin Ave New Brunswick, NJ 08901

DisclaimerInformation provided by NJTAXRECORDS.COM is based upon local tax assessors tax records and deed filings available as a public record. NJTAXRECORDS.COM has taken reasonable care to compile this data in a complete and accurate manner.NJTAXRECORDS.COM makes no representations, guarantees or warranties of any nature whatsoever concerning the completeness and accuracy of the tax records, deeds or estimated real estate taxes paid.

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Primary UserFunctions

Ian Grusd
Highlight
Page 14: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

PROPERTY ADDRESS:122 Quentin Ave, New Brunswick, NJ

FLOODSCAPE

Map Number34023C0127F

Effective DateJuly 6, 2010

Flood Legend

High flood risk

Moderate flood risk

Low flood risk

This report makes norepresentations or warrantiesconcerning its content, accuracyor completeness.

STDBonline.com469.574.1234

Powered by FloodSource 877.77.FLOOD www.floodsource.com

© 1999-2011 SourceProse Corporation. All rights reserved. Protected by U.S. Patent Numbers 6631326, 6678615, 6842698, and 7038681.

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NEW BRUNSWICK, NJ ZONING

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(h) Signage:

Signage shall be exempt from the provisions of Subsection 22-6 of this chapter; however,all proposed signage must be approved by the Planning Board at the time of site planapproval or must be subsequently approved by the technical advisory committee.

17.04.040F Industrial Zones Development controls, limitations and regulations are herebyestablished for the following industrial zones.

17.04.040F.1 I-1 Light Industrial District

(a) Intent:

The intent and purpose of this district is to provide for the expansion and preserve theintegrity of the existing industrial uses through the redevelopment of vacant andunderutilized industrial lands and the adaptive reuse of larger, single-user industrial sites.

(b) Principal Permitted Uses:

(1) High-tech light industrial uses

(2) Assembly, finishing and packaging of products and materials;

(3) Warehouse and storage buildings;

(4) Research and development offices and laboratories;

(5) Building material sales and storage buildings;

(6) Printing and publishing houses;

(7) General business and sales offices;

(8) Public and non-profit private schools;

(9) Recording studios.

(10) Employment agencies with transportation

(c) Permitted Accessory Uses:

Ancillary uses and buildings customary and incidental to the principal use.

(d) Conditional Uses:

Subject to the additional standards and conditions as specified within Subsection17.04.070 of this chapter. None.

Ian Grusd
Highlight
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(e) Bulk and Height Regulations:

As specified in the bulk schedule at the end of this section and elsewhere withinSubsection 17.04.050 of this chapter.

(f) Design Regulations:

(1) The front yard and outdoor storage of vehicles is prohibited.

(g) Parking: As specified within Subsection 17.05 of this chapter.

(h) Signage:

As specified within Subsection 17.06 of this chapter.

(i) Other Requirements:

(1) Transitional Requirements: A buffer area shall be provided along any lot linecontiguous with any residential district or residential use. The buffer area shall be aminimum of ten (10) feet wide, plus an additional five (5) feet width for each ten (10) feetor fraction thereof of height of the principal building exceeding twenty-five (25) feet. Thebuffer area shall consist of an eight (8) feet high architecturally solid fence supplementedby evergreen trees of a minimum eight (8) feet height at planting, planted on ten (10) feetcenters;

(2) Storage: All materials, vehicles and equipment shall be stored in completely enclosedbuildings or shall be screened by architecturally solid walls or fences of a height equal tothe height of the materials, vehicles and/or equipment to be screened. Said screening shallbe supplemented by evergreen plantings of a minimum ten (10) feet height at planting,planted on fifteen (15) feet centers, and said plantings shall be located on the outsideperimeter of the screening walls and/or fences.

17.04.040F.2 I-2 General Industrial District

(a) Intent:

The intent and purpose of this district is to provide for the expansion and preserve theintegrity of the existing industrial uses through the redevelopment of vacant andunderutilized lands and the adaptive reuse of smaller properties into larger industrial sites.

(b) Principal Permitted Uses:

(1) Warehousing and distribution facilities;

(2) Manufacturing and production plants;

(3) Research and development offices and laboratories;

Ian Grusd
Highlight
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(4) High-tech electronic and industrial uses;

(5) Printing and publishing uses;

(6) Transportation and communications facilities and terminals;

(7) Fabrication, processing and assembling plants;

(8) Automotive repair and service, excluding the sale of gasoline as a principal use;

(9) Professional and general office uses;

(10) Sale sand service offices;

(11) Public and non-profit private schools;

(12) Flea markets;

(13) Building materials sales and storage;

(14) Auto body and truck repair;

(15) Breweries;

(16) Meat processing plants;

(17) Warehousing;

(18) Fish farms and similar uses;

(19) Garbage and recycling facilities;

(20) Recording studios;

(21) Gymnasiums, health clubs and other indoor recreational facilities.

(c) Permitted Accessory Uses:

(1) Uses and buildings customary and incidental to the principal use;

(2) Cafeterias developed as an integral part of a principal use

(3) Retail sales of products manufactured/produced on site, subject to compliance with allretail parking requirements, as specified in 17.05.

(d) Conditional Uses:

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Subject to the additional standards and conditions as specified within Subsection17.04.070 of this chapter.

(1) Restaurants;

a. The minimum lot size shall be no less than one (1) acre;

b. The lot shall front a street classified as other than a local street in the adopted MasterPlan of the City of New Brunswick;

c. Each such use shall comply with all other regulations of the I2 Zone;

d. Each such use shall comply with all parking, loading, signage, buffering, and designstandards as specified in this ordinance.

(2) Veterinarians and Commercial Kennels:

a. No accessory uses, specifically including outdoor dog runs, shall be located in a frontyard nor within fifty (50) feet of any residential zone boundary, or residential use;

b. The lot shall front on a street classified as other than a local access street in the adoptedMaster Plan of the City of New Brunswick;

c. Each such application shall comply with all parking, loading, signage and designstandards criteria as specified elsewhere in this ordinance;

d. A ten (10) feet wide landscaped buffer area shall be provided along any boundaryadjacent to a residential zone or residential use. Said buffer shall consist of a continuousrow of evergreen trees, minimum six (6) feet high at planting, spaced on ten (10) feetcenters, supplemented by an eight (8) feet high solid fence shall be placed along anyboundary adjacent to a residential zone or residential use.

(3) Transmission Towers and Communication Facilities:

a. Minimum lot area shall be three (3) acres;

b. Transmission and communications towers shall be set back from the property line twohundred (200) feet for every one hundred (100) feet of tower height or fraction thereof;

c. No transmission or communication tower shall be located within one thousand (1,000)feet of school or residential zone;

d. Providers shall utilize existing towers and/or structures prior to consideration of newsites, to minimize the total number of towers in the City;

e. Providers shall be required to provide for the joint use of new and existing sites forcollocation as a primary option rather than construction of additional single use towers;

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f. Each applicant for a new telecommunications tower shall prove that thetelecommunications equipment planned for the proposed tower cannot be accommodatedon an existing or approved tower or building or other structure within a one (1) mile searchradius of the proposed tower;

g. Any proposed commercial wireless telecommunications service towers shall bedesigned, structurally, electrically, and in all other respects, to accommodate both theapplicant's and comparable future collocated antennas;

h. The telecommunications towers shall meet all buffer and landscaping requirements ofthis ordinance;

1. All abandoned or unused towers and associated facilities shall be removed by theapplicant or its successors and any impacted property shall be returned to its original pre-construction state within six (6) months of cessation of operation at the site, with allremoval costs borne by the applicant;

j. Aesthetics. Applicants shall minimize the adverse visual impact and the number of suchfacilities through proper design, siting, screening, material color and finish for towers,antennas, and accessory buildings. Wherever possible, competing provides shall collocateantennas and related facilities. At locations where collocation on an existing structure isimpractical, the applicant shall use camouflage structures, such as artificial trees, subject toapplicable FAA standards and design review by the Board. Where the required height ofthe tower makes an artificial tree impractical, other camouflage techniques shall beconsidered. Artificial trees shall be designed to resemble a woody tree with a single trunkand branches on its upper part. They shall be located near existing tree masses to the extentpractical.

(e) Bulk and Height Regulations:

As specified in the bulk schedule at the end of this section and elsewhere withinSubsection 17.04.050 of this chapter.

(f) Design Regulations:

Supporting conditional uses may occupy a portion of an industrial facility or afreestanding building contingent upon adequate on-site parking being provided.

(g) Parking:

As specified within Subsection 17.05 of this chapter.

(h) Signage:

As specified within Subsection 17.06 of this chapter.

(i) Other Requirements:

(1) Transitional Requirements:

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A.buffer area shall be provided along any lot line contiguous with any residential district orresidential use. The buffer area shall be a minimum of ten (10) feet wide, plus an additionalfive (5) feet width for each ten (10) feet or fraction thereof of height of the principalbuilding exceeding twenty-five (25) feet. The buffer area shall consist of an eight (8) feethigh architecturally solid fence supplemented by evergreen trees of a minimum eight (8)feet height at planting, planted on ten (10) feet centers;

(2) Storage:

All materials, vehicles and equipment shall be stored in completely enclosed buildings orshall be screened by architecturally solid walls or fences of a height equal to the height ofthe materials, vehicles and/or equipment to be screened. Said screening shall besupplemented by evergreen plantings of a minimum ten (10) feet height at planting,planted on fifteen (15) feet centers, and said plantings shall be located on the outsideperimeter of the screening walls and/or fences.

17.04.040F.31-2E General / Entertainment Industrial District

(a) Intent: The intent and purpose of this district is to provide for the expansion andpreserve the integrity of the existing industrial uses through the redevelopment of vacantand underutilized lands. Further, this district allows for the development of certain type ofentertainment uses subject to reasonable conditions to ensure that such uses do notnegatively impact upon the public welfare of the community.

(b) Principal Permitted Uses:

(1) Warehousing and distribution facilities;

(2) Manufacturing and production plants;

(3) Research and development offices and laboratories;

(4) High-tech electronic and industrial uses;

(5) Sales and service offices;

(6) Printing and publishing uses;

(7) Transportation and communications facilities and terminals;

(8) Fabrication, processing and assembling plants;

(9) Automotive sales, repair and service, excluding the sale of gasoline as a principalbusiness operation;

(10) Professional and general office uses;

(11) Transmissions towers and communications facilities;

(12) Junkyards.

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Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 2 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Population by Sex Males 50.2% 49.1% 49.1% Females 49.8% 50.9% 50.9%2010 Population by Sex Males 50.2% 49.2% 49.2% Females 49.8% 50.8% 50.8%2015 Population by Sex Males 50.2% 49.2% 49.2% Females 49.8% 50.8% 50.8%

2010 Population by Race

Area 1 Area 2 Area 3

White Alone Black Alone Amer Indian Alone Asian/Pacific Alon Other Race Alone Two or More Races0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

55.0

60.0

3.2

6.7

18.9

0.2

13.0

57.9

3.5

9.1

19.5

0.3

16.9

50.7

5.5

25.5

3.5

0.7

29.0

35.9

Perc

ent

2010 Hispanic Origin 51.9% 20.5% 17.2% 2010 Population 25+ by Educational AttainmentTotal 17,154 155,750 511,655 Less than 9th Grade 18.7% 6.3% 5.0% 9th - 12th Grade, No Diploma 10.8% 5.7% 5.5% High School Graduate 32.9% 24.3% 27.6% Some College, No Degree 14.9% 14.5% 15.1% Associate Degree 5.2% 6.1% 6.5% Bachelor's Degree 11.9% 24.3% 24.2% Graduate/Professional Degree 5.7% 18.8% 16.2%

Data Note: Persons of Hispanic Origin may be of any race.

Sour ce: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

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Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 3 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Population by AgeTotal 26,636 228,241 727,098 0 - 4 8.4% 6.5% 6.8% 5 - 9 7.6% 6.3% 6.9% 10 - 14 6.5% 5.9% 6.6% 15 - 19 7.3% 7.6% 6.4% 20 - 24 14.2% 10.6% 6.9% 25 - 34 18.3% 16.9% 15.9% 35 - 44 13.4% 15.8% 17.5% 45 - 54 9.9% 12.5% 13.6% 55 - 64 5.6% 7.7% 8.3% 65 - 74 4.2% 5.4% 5.9% 75 - 84 3.5% 3.6% 3.9% 85+ 1.0% 1.2% 1.2% 2010 Population by AgeTotal 29,475 245,813 772,899 0 - 4 8.5% 6.4% 6.7% 5 - 9 7.4% 5.9% 6.5% 10 - 14 6.1% 5.7% 6.5% 15 - 19 7.0% 7.9% 6.9% 20 - 24 12.7% 10.7% 7.2% 25 - 34 18.7% 14.4% 13.0% 35 - 44 12.9% 14.0% 14.8% 45 - 54 10.4% 13.8% 15.5% 55 - 64 7.7% 10.2% 11.1% 65 - 74 4.1% 5.7% 6.1% 75 - 84 2.9% 3.7% 3.9% 85+ 1.4% 1.6% 1.7% 2015 Population by AgeTotal 30,136 250,671 787,692 0 - 4 8.6% 6.4% 6.5% 5 - 9 7.4% 5.9% 6.5% 10 - 14 6.4% 5.6% 6.4% 15 - 19 6.1% 7.5% 6.5% 20 - 24 13.0% 10.7% 7.4% 25 - 34 17.8% 15.0% 13.8% 35 - 44 13.3% 12.6% 13.1% 45 - 54 10.0% 13.0% 14.6% 55 - 64 8.1% 10.9% 12.0% 65 - 74 5.2% 7.1% 7.6% 75 - 84 2.8% 3.6% 3.8% 85+ 1.3% 1.7% 1.7% Median Age 2000 28.0 32.7 35.2 2010 29.2 34.3 37.2 2015 29.4 34.2 37.2

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 24: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 4 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 - 2010 Civilian Employed Population 16+ Annual Rate 0.67% 0.25% 0.14%2010 - 2015 Civilian Employed Population 16+ Annual Rate 0.98% 1.01% 1.02%

Total Civilian Employed Population 16+

Area 1

1990 2000 2010 20150100020003000400050006000700080009000

1000011000120001300014000 13826

1317112386

10652

Total Civilian Employed Population 16+

Area 2

1990 2000 2010 20150100002000030000400005000060000700008000090000

100000110000120000130000 125443

119307116571115422

Total Civilian Employed Population 16+

Area 3

1990 2000 2010 20150

50000

100000

150000

200000

250000

300000

350000

400000 395073375494370777358465

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri converted 1990 Census data into 2000 geography. Esri forecasts for 2010 and 2015.

Page 25: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 5 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Employed Population 16+ by IndustryTotal 12,385 116,572 370,776 Agriculture/Mining 0.4% 0.1% 0.1% Construction 4.4% 3.6% 4.7% Manufacturing 20.0% 13.9% 14.4% Wholesale Trade 5.1% 4.5% 4.6% Retail Trade 10.0% 10.2% 10.8% Transportation/Utilities 6.1% 5.1% 5.9% Information 3.4% 5.7% 5.8% Finance/Insurance/Real Estate 4.9% 8.7% 9.3% Services 42.0% 44.9% 41.0% Public Administration 3.6% 3.3% 3.4% 2010 Employed Population 16+ by IndustryTotal 13,172 119,307 375,492 Agriculture/Mining 0.5% 0.1% 0.2% Construction 4.2% 3.5% 4.4% Manufacturing 13.2% 9.1% 9.5% Wholesale Trade 5.1% 4.4% 4.6% Retail Trade 10.3% 10.3% 10.9% Transportation/Utilities 7.0% 5.6% 6.4% Information 2.5% 4.1% 4.2% Finance/Insurance/Real Estate 5.0% 8.9% 9.5% Services 48.3% 50.4% 46.6% Public Administration 3.9% 3.5% 3.7% 2000 Employed Population 16+ by OccupationTotal 12,388 116,570 370,778 White Collar 44.3% 69.9% 69.2% Management/Business/Financial 6.8% 14.6% 15.8% Professional 13.8% 28.4% 25.5% Sales 6.9% 9.2% 10.0% Administrative Support 16.8% 17.7% 17.8% Services 21.0% 12.1% 11.3% Blue Collar 34.7% 18.0% 19.6% Farming/Forestry/Fishing 0.5% 0.1% 0.1% Construction/Extraction 3.9% 2.8% 3.7% Installation/Maintenance/Repair 3.0% 2.8% 3.4% Production 14.5% 6.5% 6.6% Transportation/Material Moving 12.7% 5.8% 5.8% 2010 Employed Population 16+ by OccupationTotal 13,171 119,309 375,494 White Collar 45.3% 70.0% 69.6% Management/Business/Financial 7.0% 14.5% 15.8% Professional 15.8% 30.6% 27.8% Sales 7.3% 9.4% 10.3% Administrative Support 15.1% 15.5% 15.7% Services 25.7% 14.7% 13.8% Blue Collar 29.1% 15.3% 16.7% Farming/Forestry/Fishing 0.7% 0.2% 0.1% Construction/Extraction 3.9% 2.7% 3.5% Installation/Maintenance/Repair 2.8% 2.6% 3.1% Production 8.8% 4.0% 4.1% Transportation/Material Moving 12.8% 5.8% 5.8%

Data Note: Detail may not sum to totals due to rounding.

Source: U .S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 26: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 6 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2010 Employed Civilian Population 16+ by Industry

Area 1 Area 2 Area 3

Agriculture, Forestry, Fishing, and Hunting

Mining

Construction

Manufacturing

Wholesale Trade

Retail Trade

Transportation/Warehousing

Utilities

Information

Finance/Insurance

Real Estate/Rental/Leasing

Professional, Scientifi , and Technical Services

Management of Companies/Enterprises

Admin., Support, and Waste Mgmt. Services

Educational Services

Health Care/Social Assistance

Arts/Entertainment/Recreation

Accommodation/Food Services

Other Services

Public Administration

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0

3.7

4.2

4.7

1.0

12.4

10.5

3.7

0.2

10.0

1.4

8.0

4.2

0.6

5.8

10.9

4.6

9.5

4.4

0.0

0.1

3.5

3.7

5.6

1.1

12.6

13.6

3.8

0.1

9.9

1.4

7.5

4.1

0.5

5.1

10.3

4.4

9.1

3.5

0.0

0.1

3.9

3.8

9.1

0.8

12.9

9.6

8.2

0.0

3.9

1.5

3.5

2.5

0.4

6.6

10.3

5.1

13.2

4.2

0.0

0.5

Percent

Data Note: Industry descriptions based on 2000 Census of Population and Housing definitions.

Source: Esri forecasts f or 2010.

Page 27: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 7 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 - 2010 Population by Industry Annual Rate

Area 1 Area 2 Area 3

Agriculture, Forestry, Fishing, and Hunting

Mining

Construction

Manufacturing

Wholesale Trade

Retail Trade

Transportation/Warehousing

Utilities

Information

Finance/Insurance

Real Estate/Rental/Leasing

Professional, Scientifi , and Technical Services

Management of Companies/Enterprises

Admin., Support, and Waste Mgmt. Services

Educational Services

Health Care/Social Assistance

Arts/Entertainment/Recreation

Accommodation/Food Services

Other Services

Public Administration

-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00

0.86

1.25

0.94

0.03

2.90

1.69

1.13

10.97

0.50

-0.26

0.50

-3.17

-2.58

1.46

0.24

0.13

-4.27

-0.47

-0.07

3.05

1.03

1.23

0.97

0.10

2.95

1.59

1.20

10.82

0.46

-0.09

0.53

-3.20

-2.38

1.71

0.31

0.20

-4.23

-0.18

1.60

3.52

1.50

1.74

1.54

1.19

3.68

2.35

1.53

0.00

0.99

0.45

1.06

-2.42

-1.65

2.34

0.97

0.72

-3.78

0.10

0.00

2.89

Percent

Data Note: Industry descriptions based on 2000 Census of Population and Housing definitions.

Source: Esri forecasts f or 2010.

Page 28: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 8 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 - 2010 Households Annual Rate 0.59% 0.7% 0.57%2010 - 2015 Households Annual Rate 0.41% 0.39% 0.36%

Total Households

Area 1

1990 2000 2010 20150

1000

2000

3000

4000

5000

6000

7000

8000

9000 8684850980607823

Total Households

Area 2

1990 2000 2010 20150

10000

20000

30000

40000

50000

60000

70000

80000

90000 848778325978081

72203

Total Households

Area 3

1990 2000 2010 20150

50000

100000

150000

200000

250000

300000273916269071

255358229595

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri converted 1990 Census data into 2000 geography. Esri forecasts for 2010 and 2015.

Page 29: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Office/Industrial Express PackPrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 9 of 9

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2010 Household Income

Area 1 Area 2 Area 3

<$15,000

$15,000 - $19,999

$20,000 - $24,999

$25,000 - $29,999

$30,000 - $34,999

$35,000 - $39,999

$40,000 - $44,999

$45,000 - $49,999

$50,000 - $59,999

$60,000 - $74,999

$75,000 - $99,999

$100,000 - $124,999

$125,000 - $149,999

$150,000 - $199,999

$200,000 - $249,999

$250,000 - $499,999

$500,000+

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0

0.8

3.0

3.7

8.3

10.2

10.8

18.2

18.3

5.8

1.5

2.6

2.8

2.5

2.1

2.6

2.1

4.8

0.7

2.6

3.3

7.6

9.9

10.4

17.9

17.7

6.0

1.8

2.9

3.2

2.7

2.3

2.9

2.2

6.0

0.0

0.5

1.3

3.5

4.7

9.4

15.7

12.1

6.5

4.2

6.0

6.9

4.5

3.7

5.1

3.5

12.4

Percent

Median Household Income 2000 $38,126 $60,229 $63,158 2010 $55,420 $77,304 $80,237 2015 $63,046 $91,712 $96,447 2000 - 2010 Median Household Income Annual Rate 4.13% 2.74% 2.62%2010 - 2015 Median Household Income Annual Rate 2.61% 3.48% 3.75% 2010 Median Net Worth $26,723 $162,567 $196,854

Data Note: Detail may not sum to totals due to rounding. Income represents annual income for the preceding y ear. Income for 2010 and 2015 is expressed in current dollars, including an adjustment for inflation.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 30: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Market ProfilePrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 1 of 8

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Total Population 26,638 228,241 727,101 2000 Group Quarters 490 13,140 18,6022010 Total Population 29,475 245,816 772,8982015 Total Population 30,138 250,669 787,692 2010 - 2015 Annual Rate 0.45% 0.39% 0.38%

2000 Households 8,060 78,081 255,358 2000 Average Household Size 3.24 2.75 2.772010 Households 8,509 83,259 269,071 2010 Average Household Size 3.41 2.8 2.82015 Households 8,684 84,877 273,916 2015 Average Household Size 3.41 2.8 2.81 2010 - 2015 Annual Rate 0.41% 0.39% 0.36%2000 Families 5,377 52,811 183,796 2000 Average Family Size 3.65 3.25 3.252010 Families 5,578 55,745 192,210 2010 Average Family Size 3.85 3.31 3.292015 Families 5,628 56,316 194,253 2015 Average Family Size 3.88 3.32 3.31 2010 - 2015 Annual Rate 0.18% 0.2% 0.21%

2000 Housing Units 8,462 80,459 262,693 Owner Occupied Housing Units 38.0% 58.6% 64.7% Renter Occupied Housing Units 57.3% 38.5% 32.5% Vacant Housing Units 4.7% 2.9% 2.8%2010 Housing Units 9,132 87,681 282,838 Owner Occupied Housing Units 38.5% 57.5% 62.8% Renter Occupied Housing Units 54.6% 37.4% 32.3% Vacant Housing Units 6.8% 5.0% 4.9%2015 Housing Units 9,365 89,826 289,426 Owner Occupied Housing Units 37.9% 57.2% 62.5% Renter Occupied Housing Units 54.8% 37.3% 32.1% Vacant Housing Units 7.3% 5.5% 5.4%

Median Household Income 2000 $38,126 $60,229 $63,158 2010 $55,420 $77,304 $80,237 2015 $63,046 $91,712 $96,447 Median Home Value 2000 $130,799 $167,168 $168,093 2010 $240,727 $313,385 $318,371 2015 $310,839 $399,574 $406,046 Per Capita Income 2000 $14,738 $25,631 $27,345 2010 $19,111 $34,065 $36,368 2015 $21,781 $38,787 $41,410 Median Age 2000 28.0 32.7 35.2 2010 29.2 34.3 37.2 2015 29.4 34.2 37.2

Data Note: Household population includes persons not residing in group quarter s. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by total population. Detail may not sum to totals due to rounding.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

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©2010 Esri 8/15/2011 Page 2 of 8

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Households by IncomeHousehold Income Base 8,068 78,097 255,626 < $15,000 18.0% 9.4% 8.0% $15,000 - $24,999 11.9% 7.7% 7.3% $25,000 - $34,999 16.0% 10.1% 8.8% $35,000 - $49,999 16.6% 13.8% 13.6% $50,000 - $74,999 18.4% 20.9% 21.6% $75,000 - $99,999 11.4% 15.6% 16.2% $100,000 - $149,999 5.7% 14.5% 15.8% $150,000 - $199,999 1.2% 4.5% 4.9%

$200,000+ 0.7% 3.4% 3.7% Average Household Income $47,781 $73,427 $76,885

2010 Households by Income Household Income Base 8,509 83,254 269,058 < $15,000 12.4% 6.0% 4.8% $15,000 - $24,999 8.5% 5.1% 4.6% $25,000 - $34,999 8.2% 5.1% 4.6% $35,000 - $49,999 17.0% 7.9% 7.0% $50,000 - $74,999 18.6% 23.7% 24.1% $75,000 - $99,999 15.7% 17.9% 18.2% $100,000 - $149,999 14.1% 20.3% 21.0% $150,000 - $199,999 3.5% 7.6% 8.3% $200,000+ 1.8% 6.5% 7.5% Average Household Income $66,116 $97,651 $103,232

2015 Households by Income Household Income Base 8,683 84,870 273,901 < $15,000 10.5% 5.0% 3.8% $15,000 - $24,999 6.9% 4.0% 3.6% $25,000 - $34,999 6.4% 3.8% 3.4% $35,000 - $49,999 14.6% 6.2% 5.3% $50,000 - $74,999 18.5% 18.9% 19.1% $75,000 - $99,999 14.1% 16.6% 16.8% $100,000 - $149,999 21.3% 27.9% 28.5% $150,000 - $199,999 4.8% 9.1% 9.7% $200,000+ 2.7% 8.6% 10.0% Average Household Income $75,524 $111,295 $117,693

2000 Owner Occupied HUs by Value Total 3,133 47,140 170,024 <$50,000 1.7% 2.0% 1.5% $50,000 - 99,999 18.2% 8.8% 7.0% $100,000 - 149,999 48.1% 27.4% 28.1% $150,000 - 199,999 27.1% 31.4% 31.4% $200,000 - $299,999 4.3% 23.2% 21.8% $300,000 - 499,999 0.4% 6.2% 8.2% $500,000 - 999,999 0.0% 0.8% 1.7% $1,000,000+ 0.1% 0.1% 0.2% Average Home Value $134,796 $184,276 $194,701

2000 Specified Renter Occupied HUs by Contract Rent Total 4,929 30,910 85,158 With Cash Rent 97.8% 97.8% 97.7% No Cash Rent 2.2% 2.2% 2.3% Median Rent $748 $804 $777 Average Rent $719 $804 $786

Data Note: Income represents the preceding year, expressed in current dollar s. Household income includes wage and salary earnings, interest, dividends, net rents, pensions, SSI and welfare payments, child support and alimony. Specified Renter Occupied Housing Units exclude houses on 10+ acres. Average Rent excludes units paying no cash rent.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 32: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Market ProfilePrepared by Ian Grusd

©2010 Esri 8/15/2011 Page 3 of 8

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Population by Age Total 26,636 228,241 727,098 Age 0 - 4 8.4% 6.5% 6.8% Age 5 - 9 7.6% 6.3% 6.9% Age 10 - 14 6.5% 5.9% 6.6% Age 15 - 19 7.3% 7.6% 6.4% Age 20 - 24 14.2% 10.6% 6.9% Age 25 - 34 18.3% 16.9% 15.9% Age 35 - 44 13.4% 15.8% 17.5% Age 45 - 54 9.9% 12.5% 13.6% Age 55 - 64 5.6% 7.7% 8.3% Age 65 - 74 4.2% 5.4% 5.9% Age 75 - 84 3.5% 3.6% 3.9% Age 85+ 1.0% 1.2% 1.2%

Age 18+ 73.6% 77.9% 76.0% 2010 Population by Age Total 29,475 245,813 772,899 Age 0 - 4 8.5% 6.4% 6.7% Age 5 - 9 7.4% 5.9% 6.5% Age 10 - 14 6.1% 5.7% 6.5% Age 15 - 19 7.0% 7.9% 6.9% Age 20 - 24 12.7% 10.7% 7.2% Age 25 - 34 18.7% 14.4% 13.0% Age 35 - 44 12.9% 14.0% 14.8% Age 45 - 54 10.4% 13.8% 15.5% Age 55 - 64 7.7% 10.2% 11.1% Age 65 - 74 4.1% 5.7% 6.1% Age 75 - 84 2.9% 3.7% 3.9% Age 85+ 1.4% 1.6% 1.7% Age 18+ 74.1% 78.3% 76.4% 2015 Population by Age Total 30,136 250,671 787,692 Age 0 - 4 8.6% 6.4% 6.5% Age 5 - 9 7.4% 5.9% 6.5% Age 10 - 14 6.4% 5.6% 6.4% Age 15 - 19 6.1% 7.5% 6.5% Age 20 - 24 13.0% 10.7% 7.4% Age 25 - 34 17.8% 15.0% 13.8% Age 35 - 44 13.3% 12.6% 13.1% Age 45 - 54 10.0% 13.0% 14.6% Age 55 - 64 8.1% 10.9% 12.0% Age 65 - 74 5.2% 7.1% 7.6% Age 75 - 84 2.8% 3.6% 3.8% Age 85+ 1.3% 1.7% 1.7% Age 18+ 74.3% 78.7% 76.9% 2000 Population by Sex Males 50.2% 49.1% 49.1% Females 49.8% 50.9% 50.9% 2010 Population by Sex Males 50.2% 49.2% 49.2% Females 49.8% 50.8% 50.8% 2015 Population by Sex Males 50.2% 49.2% 49.2% Females 49.8% 50.8% 50.8%

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

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©2010 Esri 8/15/2011 Page 4 of 8

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Population by Race/Ethnicity Total 26,637 228,241 727,100 White Alone 41.0% 59.9% 66.7% Black Alone 31.3% 16.5% 12.5% American Indian Alone 0.5% 0.2% 0.2% Asian or Pacific Islander Alon 2.7% 14.1% 13.3% Some Other Race Alone 19.6% 6.4% 4.7% Two or More Races 4.8% 2.9% 2.6% Hispanic Origin 41.6% 14.7% 12.0% Diversity Index 86.3 69.6 62.2

2010 Population by Race/Ethnicity Total 29,475 245,816 772,897 White Alone 35.9% 50.7% 57.9% Black Alone 29.0% 16.9% 13.0% American Indian Alone 0.7% 0.3% 0.2% Asian or Pacific Islander Alon 3.5% 19.5% 18.9% Some Other Race Alone 25.5% 9.1% 6.7% Two or More Races 5.5% 3.5% 3.2% Hispanic Origin 51.9% 20.5% 17.2% Diversity Index 89.3 78.2 72.2 2015 Population by Race/Ethnicity Total 30,138 250,669 787,692 White Alone 33.9% 46.3% 53.6% Black Alone 27.8% 16.9% 12.9% American Indian Alone 0.7% 0.3% 0.3% Asian or Pacific Islander Alon 3.8% 22.3% 21.9% Some Other Race Alone 28.0% 10.4% 7.8% Two or More Races 5.8% 3.8% 3.5% Hispanic Origin 56.1% 23.2% 19.8% Diversity Index 90.2 81.2 76.0

2000 Population 3+ by School EnrollmentTotal 25,121 219,449 698,086 Enrolled in Nursery/Preschool 2.0% 2.0% 2.2% Enrolled in Kindergarten 1.8% 1.4% 1.5% Enrolled in Grade 1-8 13.0% 10.3% 11.4% Enrolled in Grade 9-12 5.2% 5.1% 5.4% Enrolled in College 8.6% 11.0% 6.3% Enrolled in Grad/Prof School 1.5% 2.4% 1.6% Not Enrolled in School 67.9% 67.7% 71.6%

2010 Population 25+ by Educational Attainment Total 17,154 155,750 511,655 Less than 9th Grade 18.7% 6.3% 5.0% 9th - 12th Grade, No Diploma 10.8% 5.7% 5.5% High School Graduate 32.9% 24.3% 27.6% Some College, No Degree 14.9% 14.5% 15.1% Associate Degree 5.2% 6.1% 6.5% Bachelor's Degree 11.9% 24.3% 24.2% Graduate/Professional Degree 5.7% 18.8% 16.2%

Data Note: Persons of Hispanic Origin may be of any race . The Diversity Index measures the probability that two people from the same area will be from different race/ethnic groups.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

Page 34: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Market ProfilePrepared by Ian Grusd

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2010 Population 15+ by Marital StatusTotal 22,966 201,396 621,106 Never Married 47.9% 36.8% 31.1% Married 39.4% 50.9% 55.7% Widowed 4.3% 4.7% 5.4% Divorced 8.4% 7.6% 7.7%

2000 Population 16+ by Employment StatusTotal 20,103 182,936 570,734 In Labor Force 65.9% 67.6% 68.2% Civilian Employed 61.6% 63.7% 65.0% Civilian Unemployed 4.2% 3.8% 3.3% In Armed Forces 0.0% 0.0% 0.0% Not in Labor Force 34.1% 32.4% 31.8%

2010 Civilian Population 16+ in Labor Force Civilian Employed 87.7% 89.8% 90.2% Civilian Unemployed 12.3% 10.2% 9.8% 2015 Civilian Population 16+ in Labor Force Civilian Employed 89.9% 91.6% 92.0% Civilian Unemployed 10.1% 8.4% 8.0% 2000 Females 16+ by Employment Status and Age of Children Total 10,158 94,295 294,832 Own Children < 6 Only 7.3% 7.9% 8.4% Employed/in Armed Forces 3.7% 4.6% 4.9% Unemployed 0.4% 0.2% 0.3% Not in Labor Force 3.2% 3.0% 3.2% Own Children < 6 and 6-17 Only 8.1% 5.2% 6.0% Employed/in Armed Forces 4.7% 3.1% 3.4% Unemployed 0.4% 0.1% 0.2% Not in Labor Force 3.1% 2.0% 2.4% Own Children 6-17 Only 14.7% 14.4% 16.8% Employed/in Armed Forces 10.1% 10.8% 12.6% Unemployed 0.6% 0.4% 0.4% Not in Labor Force 4.0% 3.1% 3.9% No Own Children < 18 69.8% 72.5% 68.8% Employed/in Armed Forces 36.1% 39.6% 37.3% Unemployed 3.1% 2.7% 2.1% Not in Labor Force 30.7% 30.2% 29.4%

2010 Employed Population 16+ by Industry Total 13,172 119,307 375,492 Agriculture/Mining 0.5% 0.1% 0.2% Construction 4.2% 3.5% 4.4% Manufacturing 13.2% 9.1% 9.5% Wholesale Trade 5.1% 4.4% 4.6% Retail Trade 10.3% 10.3% 10.9% Transportation/Utilities 7.0% 5.6% 6.4% Information 2.5% 4.1% 4.2% Finance/Insurance/Real Estate 5.0% 8.9% 9.5% Services 48.3% 50.4% 46.6% Public Administration 3.9% 3.5% 3.7%

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

©2010 Esri 8/15/2011 Page 5 of 8

Page 35: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Market ProfilePrepared by Ian Grusd

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2010 Employed Population 16+ by Occupation Total 13,171 119,309 375,494 White Collar 45.3% 70.0% 69.6% Management/Business/Financial 7.0% 14.5% 15.8% Professional 15.8% 30.6% 27.8% Sales 7.3% 9.4% 10.3% Administrative Support 15.1% 15.5% 15.7% Services 25.7% 14.7% 13.8% Blue Collar 29.1% 15.3% 16.7% Farming/Forestry/Fishing 0.7% 0.2% 0.1% Construction/Extraction 3.9% 2.7% 3.5% Installation/Maintenance/Repair 2.8% 2.6% 3.1% Production 8.8% 4.0% 4.1% Transportation/Material Moving 12.8% 5.8% 5.8%

2000 Workers 16+ by Means of Transportation to WorkTotal 12,082 114,218 363,211 Drove Alone - Car, Truck, or Van 54.5% 71.1% 75.3% Carpooled - Car, Truck, or Van 26.3% 12.5% 11.1% Public Transportation 8.7% 8.7% 7.7% Walked 6.9% 4.5% 2.7% Other Means 2.4% 1.2% 1.1% Worked at Home 1.2% 2.1% 2.1%

2000 Workers 16+ by Travel Time to Work Total 12,084 114,218 363,208 Did Not Work at Home 98.8% 97.9% 97.9% Less than 5 minutes 2.4% 2.2% 2.0% 5 to 9 minutes 11.2% 9.1% 8.5% 10 to 19 minutes 32.7% 29.6% 26.0% 20 to 24 minutes 14.0% 12.7% 12.8% 25 to 34 minutes 21.4% 17.0% 18.0% 35 to 44 minutes 4.0% 6.1% 7.2% 45 to 59 minutes 7.1% 8.2% 9.2% 60 to 89 minutes 3.9% 7.7% 8.7% 90 or more minutes 2.1% 5.3% 5.5% Worked at Home 1.2% 2.1% 2.1% Average Travel Time to Work (in min) 23.6 29.1 30.9

2000 Households by Vehicles Available Total 8,067 78,076 255,361 None 21.9% 9.8% 7.8% 1 41.7% 35.4% 33.2% 2 24.3% 39.1% 41.6% 3 8.8% 11.2% 12.6% 4 2.1% 3.3% 3.6% 5+ 1.1% 1.3% 1.1% Average Number of Vehicles Available 1.3 1.7 1.8

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.

©2010 Esri 8/15/2011 Page 6 of 8

Page 36: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Market ProfilePrepared by Ian Grusd

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

2000 Households by Type Total 8,058 78,081 255,357 Family Households 66.7% 67.6% 72.0% Married-couple Family 37.3% 52.0% 56.8% With Related Children 21.7% 26.0% 29.3% Other Family (No Spouse) 29.4% 15.6% 15.2% With Related Children 19.8% 8.6% 8.2% Nonfamily Households 33.3% 32.4% 28.0% Householder Living Alone 21.1% 23.4% 21.8% Householder Not Living Alone 12.2% 9.0% 6.2%

Households with Related Children 41.6% 34.6% 37.5% Households with Persons 65+ 22.7% 21.3% 22.3% 2000 Households by Size Total 8,060 78,081 255,358 1 Person Household 21.1% 23.4% 21.8% 2 Person Household 23.0% 30.4% 29.8% 3 Person Household 17.6% 18.1% 18.7% 4 Person Household 15.0% 15.6% 17.2% 5 Person Household 10.0% 7.0% 7.7% 6 Person Household 5.7% 3.0% 2.8% 7+ Person Household 7.5% 2.6% 1.9% 2000 Households by Year Householder Moved In Total 8,067 78,077 255,360 Moved in 1999 to March 2000 24.9% 18.8% 16.8% Moved in 1995 to 1998 29.2% 29.1% 28.4% Moved in 1990 to 1994 14.7% 15.0% 15.8% Moved in 1980 to 1989 13.3% 15.4% 16.1% Moved in 1970 to 1979 6.2% 9.2% 9.4% Moved in 1969 or Earlier 11.7% 12.5% 13.4% Median Year Householder Moved In 1996 1994 1994

2000 Housing Units by Units in StructureTotal 8,484 80,410 262,729 1, Detached 35.0% 48.5% 55.4% 1, Attached 7.7% 10.9% 10.3% 2 22.4% 8.3% 7.2% 3 or 4 10.3% 6.5% 5.7% 5 to 9 8.5% 6.7% 5.8% 10 to 19 5.1% 8.0% 7.0% 20+ 10.9% 10.1% 8.1% Mobile Home 0.1% 0.9% 0.7% Other 0.0% 0.0% 0.0%

2000 Housing Units by Year Structure Built Total 8,492 80,423 262,676 1999 to March 2000 0.3% 1.0% 1.5% 1995 to 1998 1.7% 3.2% 5.1% 1990 to 1994 1.6% 5.6% 5.7% 1980 to 1989 10.7% 19.2% 16.6% 1970 to 1979 8.2% 15.0% 13.4% 1969 or Earlier 77.5% 56.1% 57.8% Median Year Structure Built 1955 1967 1966

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing.

©2010 Esri 8/15/2011 Page 7 of 8

Page 37: $5,950,000 MIDDLESEX COUNTY 122 Quentin Avenue, New ...All Sperry Van Ness® Offices Independently Owned and Operated. MIDDLESEX COUNTY 122 Quentin Avenue, New Brunswick, NJ 08901

Market ProfilePrepared by Ian Grusd

New Brunswick Industrial Com... Latitude: 40.48425822 Quentin Ave, New Brunswick, NJ 08901-3221 Longitude: -74.466531Ring: 1, 5, 10 Miles

1 mile radius 5 miles radius 10 miles radius

Top 3 Tapestry Segments

1. International Marketpl Enterprising Professio Pleasant-Ville2. Main Street, USA Pleasant-Ville Enterprising Professio3. Old and Newcomers Wealthy Seaboard Subur Wealthy Seaboard Subur

2010 Consumer Spending shows the amount spent on a variety of goods and services by households that reside in the market area. Expenditures are shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal business revenue.Apparel & Services: Total $ $14,722,202 $203,505,375 $685,597,130 Average Spent $1,730.19 $2,444.24 $2,548.02 Spending Potential Index 72 102 106Computers & Accessories: Total $ $1,921,980 $26,530,991 $88,806,108 Average Spent $225.88 $318.66 $330.05 Spending Potential Index 103 145 150Education: Total $ $10,614,875 $154,095,867 $517,725,935 Average Spent $1,247.49 $1,850.80 $1,924.12 Spending Potential Index 102 152 158

Entertainment/Recreation: Total $ $25,724,366 $379,269,348 $1,301,966,895 Average Spent $3,023.19 $4,555.30 $4,838.75 Spending Potential Index 94 141 150 Food at Home: Total $ $38,501,113 $517,703,037 $1,738,370,508 Average Spent $4,524.75 $6,217.98 $6,460.64 Spending Potential Index 101 139 144 Food Away from Home: Total $ $27,508,998 $380,865,631 $1,279,842,406 Average Spent $3,232.93 $4,574.47 $4,756.52 Spending Potential Index 100 142 148 Health Care: Total $ $26,799,902 $395,523,862 $1,356,614,891 Average Spent $3,149.59 $4,750.52 $5,041.85 Spending Potential Index 85 127 135 HH Furnishings & Equipment: Total $ $14,347,863 $212,987,992 $733,045,293 Average Spent $1,686.20 $2,558.14 $2,724.36 Spending Potential Index 82 124 132 Investments: Total $ $12,437,935 $204,525,656 $724,952,522 Average Spent $1,461.74 $2,456.50 $2,694.28 Spending Potential Index 84 141 155 Retail Goods: Total $ $187,958,492 $2,716,428,152 $9,256,299,112 Average Spent $22,089.38 $32,626.24 $34,400.95 Spending Potential Index 89 131 138 Shelter: Total $ $139,668,996 $1,973,439,167 $6,745,351,472 Average Spent $16,414.27 $23,702.41 $25,069.04 Spending Potential Index 104 150 159 TV/Video/Audio: Total $ $10,239,171 $142,563,116 $478,529,903 Average Spent $1,203.33 $1,712.28 $1,778.45 Spending Potential Index 97 138 143 Travel: Total $ $15,095,836 $231,545,992 $809,345,616 Average Spent $1,774.10 $2,781.03 $3,007.93 Spending Potential Index 94 147 159 Vehicle Maintenance & Repairs: Total $ $7,585,451 $108,466,866 $367,864,560 Average Spent $891.46 $1,302.76 $1,367.17 Spending Potential Index 95 138 145

Data Note: The Spending Potential Index represents the amount spent in the area relative to a national avera ge of 100.

Source: Consumer Spending data are derived from the 2005 and 2006 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri.

©2010 Esri 8/15/2011 Page 8 of 8