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Trevor Richardson

EMAIL [email protected] 775.850.3031CELL 775.233.0754

OFFERING SUMMARY

PROPERTY PHOTOS

LOCATION

EMAIL [email protected] OFFICE 775.624.3964 CELL 775.220.4957

section 4 REGIONAL INFO / DEMOGRAPHICS

Patrick Riggs

0 Sky Mountain Dr., NV 89523 SECTION 1

GUIDE

Asking Price $199,000

Zoning NC

Possible Uses

● Multifamily● Trade Office● Mixed Use● Retail● Development

Location Northwest Reno

OFFERING HIGHLIGHTS

Acres 0.74

0 Sky Mountain Drive - OFFERING SUMMARYLocated in the Northwest Reno submarket this .74 acre lot sits right on the corner of Sky Mountain Dr. and Summit Ridge Dr., down the street from big box retailer Home Depot. The lot is centrally located around multi-family complexes and residential communities opening the door to a wide array of commercial possibilities. The property is easily accessible from heavily trafficked N. McCarran Blvd and close access to Hwy I-80.

Utilties Info:- 8" water main stubbed onto the property - Gas line stubbed onto the property- Electric vault with temporary meter is on the property


OFFERING

OVERHEAD

SUMMIT RIDGE DR. - PROPERTY VIEW SKY MOUNTAIN DR.- PROPERTY VIEW

ON PROPERTY LOOKING NORTHSUMMIT RIDGE AND SKY MOUNTAIN INTERSECTION -FULL FRONTAGE OF PROPERTY


PROPERTY PHOTOS

SKY MOUNTAIN STREET VIEWOVERHEAD


PROPERTY PHOTOS


DEVELOPMENT RENDERING

Disclaimer: Development rendering for conceptual purposes only.


ASSESSOR MAP

SOMERSETT GOLF COMMUNITY

UNIVERSITY OF NEVADA, RENO

LAKE TAHOE

TAHOE RENO INDUSTRIAL CENTER (TRIC)

TESLA MOTORS GIGAFACTORY

SWITCH SUPERNAP

APPLE DATA CENTER

DOWNTOWN RENO

RENO TAHOE INTERNATIONAL AIRPORT

CALI

FORN

IA

NW RENO

TRUCKEE, CA

SPARKS

MIDTOWN RENO

WINGFIELD SPRINGSNORTH VALLEYS

SOUTH RENO

INTERSTATE 80

INTERSTATE 580

SE CONNECTOR (UNDER CONST.)

0 Sky Mountain

NEVADA


REGIONAL MAP

OFFICE

RETAIL

RESIDENTIALMULTIFAMILY

MULTIFAMILY

Summit Ridge Dr.

0 Sky MountainHOME DEPOT

I-80

N M

cCar

ran

Blvd MULTIFAMILY

MULTIFAMILY

RESIDENTIAL

RESIDENTIAL


AREA MAP


AREA MAP

0 Sky Mountain

DOWNTOWN RENO

I-80 4th St

Home DepotThe Northwest Reno Home Depot is conveniently located by N. McCarran Blvd and Highway I-80. Home Depot, founded in 1978, is the world’s largest home improvement retailer. In more than 2,200 stores across North America, Home Depot offers more than one million products.

RenownThe Renown Northwest Reno urgent care is located on the corner of Sky Mountain Dr. and Summit Ridge Dr., running parallel to the 0 Sky Mountain lot. Renown Health is Reno’s only locally governed, not for profit healthcare network. Renown has an integral part in the Reno community as more than 150 community members serve on the Renown boards or in advisory capacities.


AREA BUSINESSES

RENO, NEVADAThe Greater Reno/Sparks area is starting to see and feel the unprecedented growth in the area thanks to many key factors. Near the end of 2014, Tesla Motors named Nevada the official site for the Tesla Gigafactory, a massive factory to produce batteries for it’s electric vehicles. According to the Governor’s Office of Economic Development, over 22,715 jobs could be created in Northern Nevada thanks to Tesla, as well as a substantial increase in construction and housing activity. Governor Sandoval, in his State of the State speech in January 2015, stated “Nevada’s job growth is third strongest in the country, we have cut our unemployment rate in half, and we have the second fastest growing population in the nation.”

The Economic Development Authority, or EDAWN, is projecting an increase of more than 51,000 primary and secondary jobs from 2015 to 2019 for the region. In 2014, EDAWN assisted 34 companies in moving or expanding into Nevada, which included 13 headquarters. Prior to that, the record for head-quarters was six. The 34 companies accounted for 4,179 new jobs for the area as well. EDAWN kicked off 2015 with 10 prospects visiting in just January alone. EDAWN credited high profile projects such as the Apple data center, Tesla Motors’ gigafactory and the Switch SUPERNAP data center for increasing interest in the region from outside companies and expects to see nearly 100 other announcements before end of 2015.

DOWNTOWN RENO


REGIONAL INFO

TESLA GIGAFACTORYCosting $5 billion and projected to employ 6,500 people once up and running, Tesla Motors' Gigafactory at the Tahoe Reno Industrial Center is considered one of the biggest wins in economic development history. The gigafactory is the linchpin in Tesla's plans for expansion, manufacturing an estimated 500,000 battery packs for the company's electric cars each year when operational. It will also allow the company to eventually scale up its Tesla Energy line of storage batteries for homes and businesses. Just as important as its raw numbers, however, is its impact on Reno's reputation as a place to do business for companies looking to expand. - rgj.com

Tesla’s mission is to accelerate the world’s transition to sustainable transportation. To achieve that goal, we must produce electric vehicles in sufficient volume to force change in the automobile industry. With a planned production rate of 500,000 cars per year in the latter half of this decade, Tesla alone will require today’s entire worldwide production of lithium ion batteries. The Tesla Gigafactory was born of necessity and will supply enough batteries to support our projected vehicle demand. Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada, and we expect to begin cell production in 2017. By 2020, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013. - teslamotors.com/gigafactory


REGIONAL INFO

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

POPULATION

2016 Estimated population 12,931 83,711 171,330

2021 projected population 13,642 87,767 180,802

HOUSEHOLDS

2016 Estimated households 5,812 36,195 70,222

2021 projected households 6,112 37,866 73,771

2016 Est. Median HH Income $49,868 $51,519 $41,833

2016 Est. Average HH Income $64,916 $72,372 $63,302

2016 Est. Per Capita HH Income $28,810 $32,178 $26,953

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020.


DEMOGRAPHICS INFO

The Greater Reno/Sparks area is starting to see and feel the unprecedented growth in the area thanks to many key factors. Thanks to Tesla’s new Gigafactory, an economic and technological revolution is on its way, providing 6,500 new jobs at peak production. Currently, Reno has experienced a 14.7% growth in manufacturing employment over the past five years.

Nevada's unemployment rate has gone down for five years straight after peaking at 13.1 percent in November, 2010, according to a Nevada Department of Employment report. The Reno/Sparks area currently sits at a 5.5 percent unemployment rate as of July, 2016.

The Economic Development Authority, or EDAWN, projects 50,000 new jobs will open in Reno-Sparks in the next five years, meaning 9,000 homes need to be built each year leading up to 2020. Governor Sandoval, in his State of the State speech in January 2015, stated “Nevada’s job growth is third strongest in the country, we have cut our unemployment rate in half, and we have the second fastest growing population in the nation.”

WHY MOVE TO THE RENO/SPARKS AREA? According to the Whitney Group, a leader for over 30 years in providing market research and feasibility analysis in the western United States , it’s believed that the housing demand and valuations are on the verge of accelerating over the near term to perhaps historical heights never before experienced in the greater Reno region.

It is also being noted that Nevada state taxable sales are near an all-time high thanks to the strong economic recovery & visitors, according to the Nevada Department of Taxation. Specifically, Washoe County and surrounding areas are seeing the highest taxable sales since before 2006. Washoe County alone experienced a 15-20% increase of visitors to the area in February 2015 as opposed to the same time the previous years. With the area's proximity to California, Lake Tahoe and all the Sierras have to offer, the Greater Reno-Sparks area is proving to be one of the nation’s top area’s to live, work, and play.


WHY NEVADA?

According to Livability.com’s “2016 Top 100 Best Places to live” selected from over 2,000 cities.

HOW DOES NEVADA STACK UP?

According to Chiefexecutive.net’s “2016 Top 50 Best Places to do business.”

Most Business-Friendly Tax Climate by the Tax Foundation for 2013.

The Kauffman Foundation Index ranks Nevada as #2 of 25 in “Highest Startup Activity in 2016” for Smaller States.

The Kauffman Foundation Index ranks Nevada as #8 of 25 in “Growth Entrepreneurship 2016” for Smaller States.

#47

#9

#3

#2

#8


WHY NEVADA?

Labor Force

Greater Reno/Sparks/Tahoe has an existing labor force of over 220,000 with a close proximity to metros such as Sacramento and San Francisco, and the quality of life to attract top young professionals. Area industry and business leaders consistently give the regional labor pool top marks for productivity and quality.

Employers are able to connect with students at the University of Nevada, Reno, top-ranked in business, engineering and medicine, Truckee Meadows Community College, offering customized skills training, the Desert Research Institute and other higher education facilities in the region.

Recent economic changes have created huge opportunity for employers looking to relocate or expand. Greater Reno/Sparks/Tahoe has a readily available workforce of nearly 25,000 skilled in manufacturing, logistics, software development, business, administrative services and more.

RENO IS BUSINESS FRIENDLY

Fiber Availability

Reno has a state of the art, 100 percent digitally switched telecommunication network and high-capacity fiber optic infrastructure to attract and keep companies that require quality high speed connectivity. Reno has over 550 Fiber Lit buildings and over 1,400 miles of fiber.

Reno office buildings have access to dedicated internet services, scaled to the needs of local businesses. Delivered via a direct fiber optic connection, this Ethernet-based service easily integrates with local office area networks making for a more convenient setup.


WHY NEVADA?

The University of Nevada, Reno, plays an integral role with developing and maintaining a diverse and professional business economy in the Reno/Sparks/Tahoe area. Located just north of the downtown district, the UNR campus provides 145 undergraduate and 124 graduate programs for one of the more affordable universities in the area. Current students pay 80 percent less than the average Tier 1 Institution, making UNR one of the most affordable and high-quality universities in the West.

The College of Business in particular is one of the strongest assets for the university, offering degree programs ranging from accounting and business administration to information systems and gaming management. The College of Business even offers minor degrees for cyber security and entrepreneurship, both vital assets for professional labor in today’s economy.

Beyond providing a high quality and affordable education for its students, UNR is dedicated to building a genuine sense of community in Northern Nevada. The College of Business houses the Ozmen Center for Entrepreneurship and the Nevada Small Business Development Center, giving students, faculty and local aspiring business professionals the opportunity to collaborate on entrepreneurial ideas or endeavors.

UNIVERSITY OF NEVADA, RENOThe university recently opened the InNEVation Center, Powered by Switch, in Fall 2015 to serve as a center for collaboration between local technology developers, entrepreneurs and researchers. The InNEVation Center emphasizes drone research, which has contributed to Northern Nevada’s rapidly growing reputation as a hotbed for drone research.


EDUCATION

0 Sky Mountain - Commercial Land Development Site

Real Estate

Transcript of 0 Sky Mountain - Commercial Land Development Site