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Eastern Connecticut, Two Property Self-Storage Portfolio

POPULATION
In 2023, the population in your selected geography is 79,088. The population has changed by -0.99 since 2010. It is estimated that the population in your area will be 79,977 five years from now, which represents a change of 1.1 percent from the current year. The current population is 51.0 percent male and 49.0 percent female. The median age of the population in your area is 35.6, compared with the U.S. average, which is 38.7. The population density in your area is 1,005 people per square mile.

HOUSEHOLDS
There are currently 32,347 households in your selected geography. The number of households has changed by 3.38 since 2010. It is estimated that the number of households in your area will be 32,778 five years from now, which represents a change of 1.3 percent from the current year. The average household size in your area is 2.3 people.

INCOME
In 2023, the median household income for your selected geography is $65,136, compared with the U.S. average, which is currently
$68,480.The median household income for your area has changed by 20.90 since 2010. It is estimated that the median household income in your area will be $73,878 five years from now, which represents a change of 13.4 percent from the current year.

The current year per capita income in your area is $38,624, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $92,189, compared with the U.S. average, which is $100,106.

EMPLOYMENT
In 2023, 37,820 people in your selected area were employed. The 2010 Census revealed that 58.5 percent of employees are in white-collar occupations in this geography, and 16.1 percent are in blue-collar occupations. In 2023, unemployment in this area was 7.0 percent. In 2010, the average time traveled to work was 20.00 minutes.

HOUSING
The median housing value in your area was $300,393 in 2023, compared with the U.S. median of $268,796. In 2010, there were 16,172.00 owner-occupied housing units and 15,112.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2023 had a higher level of educational attainment when compared with the U.S averages. 14.6 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.7 percent, and 18.7 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.

The number of area residents with an associate degree was lower than the nation’s at 7.9 percent vs. 8.5 percent, respectively.

The area had more high-school graduates, 29.4 percent vs. 26.9 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 21.3 percent in the selected area compared with the 20.1 percent in the U.S.

• Eastern Connecticut, Two Property Self-Storage Portfolio
• The Facilities are Located About 3 Miles Apart
• 13,650 Combined Net Rentable Square Feet
• 175 Non-Climate Controlled Units
• Below Market Rates
• Opportunity to Place 8 Outdoor Drive-Up Pods on Site Totaling 1,600 Square Feet
• Surrounded by National Retail Brands
• Groton is a Major Hub for the U.S. Navy Shipbuilding Industry and is Home to General Dynamics Electric Boat who are the Primary Builder for the U.S. Navy Submarines; Electric Boat has Plans to Build Another 480,000 Square Feet Warehouse in the Area and is Looking to Hire Over 5,000 Employees in the Next Few Years
• Under Five Miles Away from Groton – New London Airport, Connecticut College, and Shennecossett Golf Course
• High Daily Traffic Counts at Both Locations: Gold Star Highway: ~14,000 Cars/Day | Poquonnock Road: ~13,500 Cars/Day

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