±11 ACRES ZONED PUD - INDUSTRIAL MOYA BOULEVARD NEAR RED ROCK INDUSTRIAL

Transcription

1 NEAR RED ROCK INDUSTRIAL Reno, Nevada Proposed: Evans Ranch & Silver Star Ranch (7,300 Residential Units) Future Residential (Lifestyle Homes) 3,600 Ac. Proposed Industrial Park Reno Stead Airport Sage Point Bus. Park -.5MM UPS Logistics, Sherwin Williams, Genco, Tagg Logistics, Volvo, Bender, Quality Bicycle Parts, Cascade Designs, Barrier Safe Solutions Stead Industrial -4MM Urban Outfitters, Turn 4, Fosdick, Michelin, DDS, General Motors, Numark, Legend Valve, BizChair. com, Cardinal Health, Firestone, Burrows Paper JC Penney Distribution Center Red Rock Industrial - 2MM PetCo, Arrow Electronics, Pentair, Almo, NBF N. VIRGINIA STREET

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3 PROPERTY OVERVIEW + + Offering: ± acres + + Sale Price: $,300, Location: North Reno at Moya Boulevard, near the intersection of Red Rock + + Zoning: PUD - Planned Unit Development + + Level parcel adjacent to Moya Blvd. + + Public utilities available + + APN: (Washoe County) + + Flood Zone: X & AE + + Primary Access to Employment Centers + + Residential nearby RED ROCK RD. SILVERLAKE RD. US HWY 395

4 INVESTMENT SUMMARY The subject property is a ± acre site located adjacent to Moya Boulevard. The site has in excess 200 feet of frontage on Moya Blvd. The property is zoned PUD for industrial uses. The property is near residential development and newer industrial buildings occupied by companies such as Petco, Arrow Electronics, Pentair, and NBF. Moya BLVD is one of the primary access routes to the existing industrial areas and the Reno/Stead Airport which will provide future opportunities for new employment and job creation on nearly 5,000 acres. STRONG JOB GROWTH Over 5,000 new jobs projected in the North Valleys corridor within the next five years. Minutes to University of Nevada, Reno, Truckee Meadows Community College, and the Desert Research Institute.

5 FUTURE HEINZ RANCH 4,000 Units Lemmon Valleys Shopping Center Red Rock Industrial - 2MM PetCo, Arrow Electronics, Pentair, Almo, NBF NORTH VIRGINIA ST Stead Industrial 4MM Urban Outfitters, Turn 4, Fosdick, Michelin, DDS, General Motors, Numark, Legend Valve, BizChair. com, Cardinal Health, Firestone, Burrows Paper Northern Valleys Commerce Center.4MM Marys Gone Crackers SIERRA GRANDE 57 Units SIERRA VISTA VILLAGE 94 Units ARROYO CROSSING 235 Units Walmart REGENCY PARK 207 Units Reno Stead Airport MILITARY RD Sage Point Business Park -.5MM UPS Logistics, Sherwin Williams, Genco, Tagg Logistics, Volvo, Bender, Quality Bicycle Parts, Cascade Designs, Barrier Safe Solutions STONEFIELD HORIZONS 300 units LogistiCenter II -.6MM Marmot FUTURE PRADO RANCH 5000 units LEMMON DRIVE North Valleys Shopping Center North Hills Shopping Center Starbucks NORTH HILLS BLVD Three Flags Center LogistiCenter I -.2MM Lasco Valves North Hills Industrial - MM C&H Distribution, Anixter, Rite-Maid, Sullivans, Thrift Books, Radians, Legacy Transportation

6 NEW HOUSING PROJECTS AND JOB ACTIVITY MAP RESIDENTIAL PROJECTS Single Family & Multifamily (Proposed & Under Construction) Arroyo Crossing : 236 units 2 Cabernet at the Highlands : 425 units 3 Estancia : 202 units 4 Evans Ranch : 5,556 units 5 Heinz Ranch : 4,200 units 6 North Valley Estates : 252 units 7 Regency Park (Artisan Homes) : 207 units 8 Sierra Vista Village (DiLoreto Homes) : 94 units 9 Silver Hills : 680 units Silver Star Ranch :,600 units Stonefield Horizons (Lennar) : 300 units 2 Lansing : 2 units North Peak Apartments : 320 units 3 Affordable Senior Housing Project : 0 units 4 Sky Vista South : 72 units 5 Sierra Grande (DR Horton) : 57 units 6 Prado Ranch : TOTAL SUBMARKET HOUSING UNITS: 7,985 5 N VIRGINIA ST RED ROCK RD Stead Airport LEMMON DR 6 6 SHOPPING CENTERS & Key Retailers Lemmon Valley Shopping Center : 8,884 SF 2 North Hills Shopping Center : 25,306 SF 3 North Valleys Shopping Center : 3,733 SF 4 Shops at Lemmon Valley : 80,582 SF 5 Silver Lake Center :,506 SF 6 Stead Marketplace : 2,300 SF 7 Stead Plaza : 2,000 SF 8 Three Flags Center : 27,390 SF 9 Vista Hills Shopping Center : 8,630 SF Walmart : 52,230 SF EMPLOYERS* Recently Relocated and Expanded Large Internet Retailer 2 Cascade Designs 3 Exxcel Outdoors 4 Quality Bicycle Products 5 Lasco Valves 6 Mary's Gone Crackers 7 Marmot 8 PetCo 9 Urban Outfitters Tactical Air Support Prado Ranch (proposed) PREDICTED JOBS BY 209: ±4,932

7 Ê FOR SALE PORTION OF THE N /2 OF SECTION & PORTION OF THE NE /4 OF SECTION 2 T20N - R8E PORTION OF THE SW /4 OF SECTION 3 T2N - R9E PORTION OF THE NW /4 OF SECTION 6 T20N - R9E PORTION OF THE S /2 OF SECTION 36 T2N - R8E PAR. -B PM ac POR.PAR. 3 PM 5068 & POR.PAR -A PM 534 PAR. -A R.S ac ac RED City of Reno Washoe County ROCK POR.PAR. -A PM 534 & POR.PAR 3 PM 5068 PAR. -B R.S ROAD PAR. A P.M. 364 EASEMENT ac. DRAINAGE CHANNEL & PUBLIC PATH RELOCATABLE RECIPROCAL PRIVATE ACCESS EASE PAR. P.M ac. 60' PRIVATE ACCESS ac. DRAINAGE CHANNEL EASE PAR. 2A PAR. 2B PAR. C P.M P.M P.M ac ac ac. PRIVATE ACCESS EASE. PRIVATE ACCESS EASE. MOYA T. 2 N. T. 20 N SILV ER SHORES DR ac. PAR. D P.M ac. BOULEVARD PAR. 4 PM 5068 R. 8 E. R. 9 E « ac Washoe Co City of Reno ' ACCESS EASE PAR. A P.M ac (ADJ.) PAR. F R/S ac « PAR. B P.M ac. BOOK CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/ or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners

8 EXCEPTIONAL MARKET FUNDAMENTALS STRONG REGIONAL JOB GROWTH According to the Tax Foundation, Nevada ranks third in the United States for best tax climate. This business-friendly tax environment has opened up many possibilities for out-of-state companies to locate facilities here including Tesla, Panasonic, and Switch. As noted by local economic development officials from a recent study called the EPIC report ( edawn.org/epic-report), the region is forecast to create approximately 50,000 jobs and population growth of over 60,000 new residents between 205 and 202. Current employment is approximately 230,000 people with a population of approximately 450,000 in the metro area. According to the study, the area of Washoe County is seeing steady and improving demographic and employment growth. The economy is becoming increasingly diversified due to a proactive regional business recruitment and retention strategy. Northern Nevada is supported by locational/transportation advantages which include access to Interstate 80, Union Pacific Mainline Rail, inexpensive redundant power sources and superior fiber connectivity. The infrastructure supports the region s emergence as a powerhouse in worldwide technology-based commerce. The region also has a renewed focus on advanced manufacturing which is paying dividends. Reno has experienced a 4.7 percent growth in manufacturing employment over the past five years. Sectors such as healthcare and clean energy are also experiencing strong growth. Fulfillment Center at LogistiCenter 395 CONTACT US BRETT EDWARDS brett.edwards@cbre.com REX MASSEY rex.massey@cbre.com