POPULATION
In 2024, the population in your selected geography is 131,448. The population has changed by 28.97 percent since 2010. It is estimated that the population in your area will be 138,168 five years from now, which represents a change of 5.1 percent from the current year. The current population is 51.2 percent male and 48.8 percent female. The median age of the population in your area is 38.0, compared with the U.S. average, which is 39.0. The population density in your area is 1,671 people per square mile.

HOUSEHOLDS
There are currently 50,049 households in your selected geography. The number of households has changed by 27.91 percent since 2010. It is estimated that the number of households in your area will be 52,726 five years from now, which represents a change of 5.3 percent from the current year. The average household size in your area is 2.6 people.

INCOME
In 2024, the median household income for your selected geography is $100,403, compared with the U.S. average, which is currently $76,141.The median household income for your area has changed by 31.49 percent since 2010. It is estimated that the median household income in your area will be $106,831 five years from now, which represents a change of 6.4 percent from the current year.

The current year per capita income in your area is $45,295, compared with the U.S. average, which is $40,471. The current year’s average household income in your area is $120,749, compared with the U.S. average, which is $101,307.

EMPLOYMENT
In 2024, 71,560 people in your selected area were employed. The 2010 Census revealed that 72.2 percent of employees are in white-collar occupations in this geography, and 11.8 percent are in blue-collar occupations. In 2024, unemployment in this area was 2.0 percent. In 2010, the average time traveled to work was 35.00 minutes.

HOUSING
The median housing value in your area was $391,305 in 2024, compared with the U.S. median of $321,016. In 2010, there were 25,366.00 owner-occupied housing units and 13,761.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2024 had a lower level of educational attainment when compared with the U.S averages. 41.1 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.5 percent, and 8.3 percent completed a bachelor’s degree, compared with the national average of 21.1 percent.

The number of area residents with an associate degree was higher than the nation’s at 11.2 percent vs. 8.8 percent, respectively.

The area had fewer high-school graduates, 1.3 percent vs. 26.2 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 28.4 percent in the selected area compared with the 19.7 percent in the U.S.

• Fully Entitled and Approved Multi-Story Self Storage Development Opportunity in the Washington D.C. MSA
• Located in the City of Frederick, Maryland | About 45 Miles West of Downtown Baltimore and 40 Miles Northwest of Downtown Washington D.C.
• Located in an Opportunity Zone | Increases Basis of Deferred Gain by 10% for Opportunity Zone Investments Held for 5 Years | Increases Basis by 15% After 7 Years -Reducing Taxable Gain | Opportunity Zone Investments Held for at Least 10 Years are Exempt from Federal Capital Gains Tax
• Strong Market Rents | Facilities in Trade Area have Achieved Over $26 Rents
• Approved for 91,575 Net Rentable Square Feet
• 1,026 Climate Controlled Self Storage Units
• Rough Graded Site | Low Construction Risk
• Conveniently Located with Easy Access to I-70, US-15, and I-270
• Excellent Visibility Along Ballenger Center Drive | Signage Visible Along I-70 West
• Rapidly Growing and Affluent Surrounding Population Base | Population Within a 5-Mile Radius has Grown by 28.97% Since 2010 and is Projected to Grow an Additional 5.1% in the Next 5 Years
• The seller Marcus & Millichap is listing the opportunity on behalf of does not currently own the land. The seller has the land under contract and plans to close and acquire the land before this sale of the fully entitled and permitted project.