±3 ACRES MIXED-USE ZONED LAND LOCATED ALONG INTERSTATE 580 VIRBEL LANE, RENO, NEVADA

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1 LOCATED ALONG INTERSTATE 580 VIRBEL LANE, < To Lake Tahoe Downtown Reno University of Nevada, Reno Firecreek Crossing (Power Center) Reno/Sparks Convention Center Atlantis Casino Resort Spa Moana Lane Peppermill Casino Resort Spa ±46 Acre Mixed Use Development (Under Construction) S. Virginia Street Kietzke Lane Airport Square: Costco, Mor Furniture for Less, REI Subject Site Alpine Vista Condominiums Peckham Lane Alder Creek Villas Apts. Neil Road Neil Road Recreation Center City of Reno Park & Police Substation, Boys & Girls Club, St. Mary s Medical Clinic Reno/Tahoe International Airport

2 PROPERTY OVERVIEW Highly visible ±3 acre site located alongside Interstate 580 in South Reno. Property is zoned Mixed Use and situated in the Convention Regional Center plan area. Previously planned for 105 condo-mapped units. Approximately ±29.40 acre feet of water rights can be included (per Truckee Meadows Water Authority). SALE DETAILS: + + Offering: ±3 acres of land located alongside I-580 at Virbel Lane in Reno + + Sale Price: $1,200, Zoning: MUCC - Mixed Use/Convention Center + + Flood Zone: X (outside of the 100-year flood zone) + + Utilities: City of Reno (sewer); TMWA (water) + + APNs: through 10; through ; through ; and through and through Uses: Ideal for a residential condo, multifamily development (105 condo mapped parcels) or self-storage project. CONTACT US AIMAN NOURSOULTANOVA, CCIM aiman.noursoultanova@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. 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. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

3 East Ninth Street Building D Reno, Nevada (775) Feet Sparks Reno created by: last updated: area previously shown on map(s) NOTE: This map was prepared for the use of the Washoe County Assessor for assessment and illustrative purposes only. It does not represent a survey of the premises. No liability is assumed as to the sufficiency or accuracy of the data delineated hereon. FOR SALE INVESTMENT HIGHLIGHTS + + Highly visible site along I-580 in South Reno + + Mixed use zoning allows for multifamily, residential or self storage uses, among others + + Centrally located near the convention center, Meadowood Mall, the Atlantis Casino Resort Spa, commercial/retail and other employment centers + + Easy access to major thoroughfares and the Reno/Tahoe International Airport Virbel Lane + + Property is condo mapped for 105 units + + ±29.40 acre feet of water rights available (per TMWA) (#1872) AMENDED PLAT OF SUMMERSNOW CONDOMINIUMS Also known as ALPINE VISTA 1/189th UNDIVIDED INTEREST IN COMMON AREA VIRBEL LANE Assessor's Map Number STATE OF NEVADA WASHOE COUNTY ASSESSOR'S OFFICE Michael E. Clark, Assessor PORTION OF THE NW 1/4 OF SECTION 30 T19N - R20E 9.31 PATIO PATIO TYPICAL TYPICAL END INTERIOR UNIT UNIT END INT. CAR CAR PORT PORT I N T E R S T A T E ac inch = 200 feet SCALE : 1" = 20' COMMON AREA EAST PLACE sf Å TWT 3/6/2015 TWT 8/24/2015 NUTMEG PECKHAM SMITHRIDGE DR. LANE

4 Submarket Map Legend: 1) Subject Site Virbel Lane 2) Alpine Vista Condominiums 3) Neil Road Recreation Center, Miguel Ribera Park, Neil Road Family Services Center with Boys and Girls Club, Community Health Alliance, Reno Police Substation, St. Mary s Medical Clinic Neil Road 4. 4) Silver Sage Senior Apartments 5) Alder Creek Villas Apartments 6) A-American Self Storage 2. Nutmeg Place Model Way Peckham Lane 5. 6.

5 SUBMARKET OVERVIEW Located in the City of Reno s Convention Center Regional Plan area, this property is well suited to capitalize on current and future development. This regional center consists of the Reno-Sparks Convention Center, the Meadowood Mall, various hotels and casinos, shopping centers, office buildings and residential properties. ZONING OVERVIEW: The property s mixed use zoning allows for flexibility in potential uses and is well suited for residential, multifamily, or self-storage development. To help encourage new development, most projects internal to the Regional Center are allowed to proceed without further discretionary review and apply for building permits. Incentives for development include lowered setbacks and landscaping standards, as well as decreased minimum parking requirements. Reno/Sparks Convention Center Boys and Girls Club, Community Services Center Neil Road Recreation Center

6 University of Nevada, Reno Downtown Reno Grand Sierra Resort Peppermill Casino Resort Spa Atlantis Casino Resort Spa ±46 Acre Mixed Use Development (Under Construction) Moana Lane Kietzke Lane Reno/Tahoe International Airport Subject Site S. Virginia Street Reno/Sparks Convention Center Peckham Lane Bed, Bath, Beyond, Cost Plus, Nordstrom Rack, TJ Maxx, Sam s Club & more Smithridge Plaza: Trader Joe s, Toys R Us, CVS, Steinmart, Big Lots

7 NORTHERN NEVADA REGIONAL OVERVIEW 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, Switch, Apple, Amazon and Google. As noted by local economic development officials from a recent study called the EPIC report, the region is forecast to create approximately 50,000 jobs and population growth of over 60,000 new residents between 2015 and Current employment is approximately 230,000 people with a population of approximately 500,000 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. Over 100 companies have relocated to the Reno-Sparks region within the last three years. As recently as August 2016, an EDAWN (Economic Development Authority of Western Nevada) reported that the region is on track to meet the projected 52,000-plus new jobs and 47,000-plus new residents by 2020.

8 RECENTLY RELOCATED AND EXPANDED EMPLOYERS Over 100 companies have relocated to the Reno- Sparks region within the last three years including big name companies such as Tesla/Panasonic, Switch, and leading technology companies such as a Cupertino, California-based iphone manufacturer and a multinational internet search engine leader based in Mountain View, CA. Some of the notable companies that have recently located or expanded to Northern Nevada include: + + Tesla/Panasonic: Tesla/Panasonic selected Northern Nevada as their location for the world s largest Gigafactory focusing on manufacturing of cutting edge technology advanced energy storage. + + Switch: Switch is the world s largest data center at 1.2 millions square feet. Switch has completed their construction for a total of 7 buildings and 6.49 million square feet of high tech data campus on 1,000 acres. + + Multinational Technology Company: A multinational technology company/notable iphone maker based in Cupertino, CA acquired 345 acres in the 2,300 acre Reno Technology Park and is currently under construction on its $1 billion itunes data center. + + Multinational International Search Engine Leader - A multinational technology company/internet search engine leader based in Mountain View, CA recently acquired 1,200 acres in the Tahoe Reno Industrial Center for a future data center. + + Clear Capital - Clear Capital with 400 finance and technology jobs recently moved its headquarters to Class A office space in Downtown Reno. + + Alchemy - Software services and solutions company. This innovative tech company works to improve software development for companies and students through the use of cloud-based optimization tools, applications, training and services. + + Breadware - Hardware development company that designs and builds custom electronics. Breadware will be located in the Innovation Center in Downtown Reno, a tech hub formed by a partnership with the University of Nevada, Reno.

9 REGIONAL EMPLOYERS MAP