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XSite Report

By XSite Validation LLC

Industry Type:
Self Storage

This report is especially prepared for:


John Smith
Property address:
32255 Northwestern Highway #280,
Farmington Hills, MI 48334
1/21//2008

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
TABLE OF CONTENTS

I. Overview
II. Executive Summary
III. Market Profile
IV. Maps
A. Site
B. Satellite/Aerial
V. Reports
A Demographic
B Traffic
C Competition
D Leakage / Surplus
E Building Permits
F Real Estate Comparables
G Environmental Analysis
VI. XSite Report Index (XRI) – The Score
VII. Data Sources
VIII. Legal Disclaimer

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
I.. OVERVIEW
+

A. PURPOSE

XSite Validation is a website application, which


is revolutionizing the technology banks utilize
to generate reports for new and existing loans–
and allow s banks to validate real estate
opportunities like never before. The program is
easy to use, quick to deliver, and loaded with
salient information relevant to property
evaluation.

The report is a synthesis of aggregated data,


which is combined for specific site analysis for
a specific industry type. The following data is
included within the final report:
•Demographics
•Traffic Counts
•Leakage and Surplus Analysis
•Competitive Locations (by industry type)
•Building Permits
•Comparables
•Environmental Analysis

B. XSITE REPORT INDEX (XRI)


Xsite Validation utilizes its proprietary scoring data to ascertain the viability of the subject
location. The assessment, or score, is weighted by the variables that pertain to the specific
industry type or suggested intended use of the site.

To meet the project objectives, standard report(s) were run for the <site/location(s)> being
analyzed. This report shows the distributions of the specific data and a base reference data to
develop a comparison. The report details which of the Industry Models are more or less likely to
contain households/market indicators similar to the base reference population or scorecard

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
II. EXECUTIVE SUMMARY

2007 Population
Total Population 170,728
Male Population 48.0%
Female Population 52.0%
Median Age 42.9

2007 Income
Median HH Income $92,137
Per Capita Income $54,232
Average HH Income $131,865

2007 Households
Total Households 70,167
Average Household Size 2.41
1990-2000 Annual Rate 1.19%

2007 Housing
Owner Occupied Housing Units 66.9%
Renter Occupied Housing Units 27.3%
Vacant Housing Units 5.8%

Population
1990 Population 154,019
2000 Population 168,190
2007 Population 170,728
2012 Population 172,286
1990-2000 Annual Rate 0.88%
2000-2007 Annual Rate 0.24%
2007-2012 Annual Rate 0.18%
In the identified market area, the current year population is 170,728. In 2000, the Census count
in the market area was 168,190. The rate of change since 2000 was 0.24 percent annually. The
five-year projection for the population in the market area is 172,286, representing a
change of 0.18 percent annually from 2007 to 2012. Currently, the population is 48.0 percent
male and 52.0 percent female.

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
II. EXECUTIVE SUMMARY (cont.)

Households
1990 Households 60,353
2000 Households 67,935
2007 Households 70,167
2012 Households 71,337
1990-2000 Annual Rate 1.19%
2000-2007 Annual Rate 0.52%
2007-2012 Annual Rate 0.33%
The household count in this market area has changed from 67,935 in 2000
to 70,167 in the current year, a change of 0.52 percent annually.
The five-year projection of households is 71,337, a change of 0.33 percent
annually from the current year total. Average household size is
currently 2.41, compared to 2.45 in the year 2000. The number of families
in the current year is 46,038 in the market area.

Housing
Currently, 66.9 percent of the 74,455 housing units in the market area are
owner occupied; 27.3 percent, renter occupied; and 5.8 percent are
vacant. In 2000, there were 71,008 housing units— 67.8 percent owner
occupied, 27.9 percent renter occupied and 4.3 percent vacant. The
rate of change in housing units since 2000 is 0.66 percent. Median home
value in the market area is $319,196, compared to a median home
value of $192,285 for the U.S. In five years, median home value is
projected to change by 1.92 percent annually to $350,990. From 2000 to
the current year, median home value changed by 3.52 percent annually.

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
II. Executive Summary (cont.)

Median Household Income


1990 Median HH Income $60,446
2000 Median HH Income $75,774
2007 Median HH Income $92,137
2012 Median HH Income $106,753
1990-2000 Annual Rate 2.29%
2000-2007 Annual Rate 3.18%
2007-2012 Annual Rate 2.99%

Per Capita Income


1990 Per Capita Income $32,275
2000 Per Capita Income $43,324
2007 Per Capita Income $54,232
2012 Per Capita Income $66,304
1990-2000 Annual Rate 2.99%
2000-2007 Annual Rate 3.66%
2007-2012 Annual Rate 4.1%

Average Household Income


1990 Average Household Income $82,351
2000 Average Household Income $106,732
2007 Average HH Income $131,865
2012 Average HH Income $160,030
1990-2000 Annual Rate 2.63%
2000-2007 Annual Rate 3.44%
2007-2012 Annual Rate 3.95%

Page 6 of 30 http://www.xsitevalidation.com 4/22/2008


This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
II. Executive Summary (cont.)

Households by Income
Current median household income is $92,137 in the market area, compared to $53,154 for all
U.S. households. Median household income is
projected to be $106,753 in five years. In 2000, median household income was $75,774,
compared to $60,446 in 1990.
Current average household income is $131,865 in this market area, compared to $73,126 for all
U.S. households. Average household income
is projected to be $160,030 in five years. In 2000, average household income was $106,732,
compared to $82,351 in 1990.
Current per capita income is $54,232 in the market area, compared to the U.S. per capita
income of $27,916. The per capita income is
projected to be $66,304 in five years. In 2000, the per capita income was $43,324, compared to
$32,275 in 1990.

Population by Employment
Currently, 93.9 percent of the civilian labor force in the identified market area is employed and
6.1 percent are unemployed. In comparison,
93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five
years the rate of employment in the market
area will be 93.9 percent of the civilian labor force, and unemployment will be 6.1 percent. The
percentage of the U.S. civilian labor force that
will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 64.5
percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.0 percent were in the Armed
Forces.
In the current year, the occupational distribution of the employed population is:
83.8 percent in white collar jobs (compared to 60.2 percent of U.S. employment) ·
8.0 percent in service jobs (compared to 16.5 percent of U.S. employment) ·
8.2 percent in blue collar jobs (compared to 23.3 percent of U.S. employment) ·
In 2000, 88.7 percent of the market area population drove alone to work, and 3.6 percent
worked at home. The average travel time to work in
2000 was 26.0 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by Education
In 2000, the educational attainment of the population aged 25 years or older in the market area
was distributed as follows:
7.5 percent had not earned a high school diploma (19.6 percent in the U.S.) ·
14.4 percent were high school graduates only (28.6 percent in the U.S.) ·
5.4 percent had completed an Associate degree (6.3 percent in the U.S.) ·
28.8 percent had a Bachelor’s degree (15.5 percent in the U.S.) ·
25.3 percent had earned a Master’s/Professional/Doctorate Degree (8.9 percent in the U.S.)

Page 7 of 30 http://www.xsitevalidation.com 4/22/2008


This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
III. Market Summary (cont.)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
IV. Maps (Site Map)

Prepared by XSite Validation

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
IV. Maps (Aerial Map)

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32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Demographic)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Demographic)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Traffic)

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Traffic)

Prepared by XSite Validation

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Competition)

Date: 01/25/08
Lat: 42.523067 Long: -83.347733
Current Geography Selection: 5 mile
City: Farmington Hills Pop: 82,213
radius: 32255 NORTHWESTERN HWY,
Zip: 48334 Pop: 17,309
FARMINGTN HLS, MI 48334
Current Index Base: Entire US

* Distance and Direction from the Radius/Drive Time center point.

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Leakage/Surplus)
Latitude: 32.9696
Longitude: -80.137
Radius: 5.0 miles
Site Type:
Retail Market Place Profile

Summary
Demographics
2007 Population 109,384

2007 Households 39,796

2007 Median $45,316


Disposable
Income
2007 Per Capita $25,121
Income

Industry Demand Supply Retail Leakage/S Number


Summary (Retail (Retail Gap urplus of
Potential) Sales) (Demand Factor Business
Total Retail $1,081,77 $1,151,40 - -3.1 716
Trade and Food 0,862 3,456 $69,632,5
& Drink (NAICS 94
Total Retail $943,347, $1,048,37 - -5.3 524
Trade (NAICS 937 2,152 $105,024,
Total Food & $138,422, $103,031, $35,391,6 14.7 192
Drink (NAICS 925 304 21

Industry Group Demand Supply Retail Leakage/S Number


(Retail (Retail Gap urplus of
Potential) Sales) (Demand Factor Busines
Motor Vehicle & $264,002, $346,732, - -13.5 77
Parts Dealers 307 066 $82,729,

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Leakage/Surplus)

Self Storage

Data Note:
Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded.
Demand (retail potential) estimates the expected amount spent by consumers at retail establishments.
Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of
retail opportunity. This is a measure of the relationship between supply and demand that ranges from
+100 (total leakage) to -100 (total surplus). A positive value represents ‘leakage’ of retail opportunity
outside the trade area. A negative value represents a surplus of retail sales, a market where customers
are drawn in from outside the trade area. The Retail Gap represents the difference between Retail
Potential and Retail Sales. ESRI uses the North American Industry Classification System (NAICS) to
classify businesses by their primary type of economic activity. Retail establishments are classified into 27
industry groups in the Retail Trade sector, as well as four industry groups within the Food Services &
Drinking Establishments subsector

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Building Permits)

Closest Reporting Geography

Single Two Attach Multi Total Total Net


Year Famil Fami Condo Family Units Demos Total
Total for 1987 384 0 0 384 0 384 955
Total for 1988 442 32 32 442 32 442 1428
Total for 1989 389 16 16 389 16 389 901
Total for 1990 261 0 0 261 0 261 494
Total for 1991 195 0 0 195 0 195 299
Total for 1992 291 0 0 291 0 291 383
Total for 1993 249 0 0 249 0 249 256
Total for 1994 253 2 2 253 2 253 545
Total for 1995 248 0 0 248 0 248 420
Total for 1996 282 0 0 282 0 282 320
Total for 1997 195 0 0 195 0 195 436
Total for 1998 183 4 4 183 4 183 313
Total for 1999 138 4 4 138 4 138 184
Total for 2000 124 0 0 124 0 124 156
Total for 2001 113 0 0 113 0 113 72
Total for 2002 52 24 24 52 24 52 43
Total for 2003 85 6 6 85 6 85 83
Total for 2004 79 2 2 79 2 79 151
Total for 2005 94 2 2 94 2 94 78
Total for 2006 26 0 0 26 0 26 4
Total for 2007 24 0 0 24 0 24 -2
1987 to 2007 4107 92 226 3501 7926 407 7519
totals

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32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Real Estate Comparables)

SAMPLE

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32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
V. Reports (Environmental Report)

SAMPLE

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32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
VI. XSite Report Index (XRI)

The X Site Scorecard is a synthesis of Data. The Data is Aggregated and Indexed to provide an instant assessment of a
location. The assessment, or score, is weighted by the variables that pertain to the specific Industry Type or suggested
intended use of the site. The Site <SiteName><Address> has graded as “B+” that suggest that this property is being
<high> value for <> intended use and can be recommended for loan landing.

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
VII. Data Sources Used

Environmental Data: EDR, EPA, US Government


Real Estate Comparables: COSTAR, MLS Reports
Leakage & Surplus: ESRI ArcWebServices Business Analyst Online
Traffic: Counts ESRI ArcWebServices Business Analyst Online,
Datametrix
Latest Demographic Data: ESRI ArcGIS Server Business Analyst
Building Permits: US Census: Manufacturing, Mining & Statistics.
Competition Provided By: InfoUSA®.

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
VIII. Legal Disclaimer

The ideas, concepts, and information contained in this document, and the manner in which
this information is presented, are proprietary trade secrets owned by XSite Validation, and may
not be used, disclosed, reproduced, or duplicated, in whole or in part, without the prior written
approval of XSite Validation. Any unauthorized use, disclosure, reproduction, or duplication is
expressly prohibited by law. The reading of this document constitutes an agreement with the
foregoing statement and an agreement and understanding to be bound by all terms and
conditions of this document.

WARNING! The xxclusive rights to reproduce, distribute, or prepare derivative works of this
document are protected under the federal copyrights laws, Title 17 of U.S. Code. Under the
copyright laws, unauthorized users may be subject to civil liability including an injunction,
actual damages, infringers benefits, and statutory damages of up to $100,000 per work
infringed, and criminal penalties including a fine of up to $25,000 and/or up to one years
imprisonment.

The data and other information contained within this document are the sole and exclusive
property of XSite Validation and consists of copyrighted materials of XSite Validation or third
parties having licensed XSite Validation to use such data, and may not be reproduced,
decompiled, or redistributed in any manner without the prior written consent of XSite
Validation.

XSite Validation LLC, Privacy Assured


32255 Northwestern Highway
Suite #280
Farmington Hills, MI 48334
248-741-4000 Phone
248-741-4021 Fax

www.xsitevalidation.com

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This material is confidential and is intended for the sole usage of XSite Validation, and has not been prepared for distribution, resale, or reprint.
32255 Northwestern Highway - Suite 280 | Farmington Hills, 48334 | Tel: 248.741.4000 | Fax: 248.741.4021

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