SITE FOR SALE ±48.25 ACRES RESIDENTIAL DEVELOPMENT LAND CHOCOLATE DRIVE DOWNTOWN. RENO, NEVADA. McCARRAN BLVD

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1 RENO/TAHOE INTERNATIONAL AIRPORT DOWNTOWN UNIVERSITY OF NEVADA, RENO McCARRAN BLVD SITE SUN VALLEY BLVD. TRUCKEE MEADOWS COMMUNITY COLLEGE DESERT RESEARCH INSTITUTE N. VIRGINIA ST./BUSINESS 395 LADERA RANCH DR HORTON HOUSING DEVELOPMENT) NORTHSTAR RANCH (LENNAR) EAST 7TH AVENUE

2 PROPERTY HIGHLIGHTS SALE DETAILS: + + Sale Price: $750, APNs: (45.5 acres); (2.75 acres) + + Total Size: ±48.25 acres + + Zoning: MDS and GR + + Flood Zone: X (outside of the 100-year flood zone) SITE INVESTMENT HIGHLIGHTS: + + Potential for up to 150 residential lots. + + Utility services available. + + Flat to gentle upslope. + + Close proximity and easy access to major transportation routes and bus service. + + Near the Truckee Meadows Community College. + + Ideal for entry level and affordable single family housing development or manufactured housing subdivision. CONTACT US REX MASSEY rex.massey@cbre.com BRETT EDWARDS brett.edwards@cbre.com

3 NORTH VALLEYS SITE DESERT RESEARCH INSTITUTE UNIVERSITY OF NEVADA, RENO McCARRAN BLVD TRUCKEE MEADOWS COMMUNITY COLLEGE McCARRAN BLVD < DOWNTOWN RENO SPARKS

4 POTENTIAL FOR A MANUFACTURED HOME COMMUNITY OFFERS A SOLID INVESTMENT OPPORTUNITY FOR AN ENTRY-LEVEL HOUSING DEVELOPMENT INCLUDING MANUFACTURED HOUSING UNITS. WITH THE POTENTIAL FOR AS MANY AS 150 LOTS, THE COST PER UNIT IS APPROXIMATELY $5,000 FOR LAND. NEWER MANUFACTURED HOUSING UNITS IN THE AREA CAN SELL IN THE LOW $300,000S. A LEVEL SITE BACKING TO REDFIELD OPEN SPACE WITH UTILITIES NEARBY PROVIDES AN OPPORTUNITY TO MEET THE EVER INCREASING HOUSING DEMAND IN THE RENO/SPARKS AREA.

5 CONCEPTUAL PLAN

6 SPECTRUM FOR SALE PARCEL MAP CENTER SEC PAR. 1 POR. PAR. 2 P.M R/S 4086 ORD. #50 (ALL OF P.M. 3598) U.S. 395 FREEWAY ACCESS ESMT. POR. PAR. 2 P.M R/S ac ac BLVD DED. T.M Reno County SEC. & POR. OF SE 1/4 OF SEC. 23, T20N - R19E LOT LOT LAND PATENT NO LOT LOT PAR. 3 P.M RED PEAK 5455' jg ac ac CENTER SEC. 50' PRIVATE ACCESS ESMT PAR. 2 P.M ac PAR. 1 P.M N W ' ac LOT LOT WAINSCOTT LOT PAR. 4 P.M OFFERED FOR DEDICATION TO WASHOE CO ac ac W. FIFTH AVENUE DRIVE CHOCOLATE ' SUN VALLEY GID ACCESS ESMT LOT 8 DRIVE SUN VALLEY GID TANK SITE ESMT. AREA = 3.03 Ac R19E GEPFORD 19 PKWY QUID LANE MAGGIE CIRCLE W. FOURTH AVENUE FLINTSTONE CIRCLE BROWNLEE LANE LOSTER WAY W. SECOND AVENUE R20E BOOK 085 Assessor's Ma STATE OF N WASHOE C ASSESSOR' Joshua G. Wilso East Nin Building Reno, Nevada (775) inch = Feet Reno Å created by: TWT 1 last updated: area previously sho NOTE: This map was prep Washoe County Assessor f illustrative purposes only. I a survey of the premises. N as to the sufficiency or accu delineated hereon. 5

7 EXCEPTIONAL MARKET FUNDAMENTALS STRONG REGIONAL JOB GROWTH According to the Tax Foundation, Nevada ranks third in the United States for best tax climate.0 This business-friendly tax environment has opened up many possibilities for out-of-state companies to locate facilities here including Tesla, Panasonic, Switch, and Apple.0 As noted by local economic development officials from a recent study called the EPIC report ( 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. Amazon distribution warehouse at LogistiCenter 395 The region also has a renewed focus on advanced manufacturing which is paying dividends. Reno has experienced a 14.7 percent growth in manufacturing employment over the past five years.0 Sectors such as healthcare and clean energy are also experiencing strong growth.0 Some of the notable companies that have recently located or expanded to Northern Nevada include: International Game Technology (IGT) campus

8 RECENTLY RELOCATED COMPANIES Tesla/Panasonic selected Northern Nevada as their location for the world s largest Gigafactory focusing on manufacturing of cutting edge technologically advanced energy storage. The first of several buildings at 3 million square feet is currently being occupied. The project is expected to create up to 20,000 jobs. The economic impact of Tesla is so large that it will add 20% to the region s GDP. Switch has just completed construction of the world s largest data center building at 1.2 million square feet. Switch has committed to constructing a total of 7 buildings and 7.2 million square feet of high tech data campus on 1,000 acres. The company is expected to hire thousands of employees. Due to its location in Northern Nevada Switch is also constructing a fiber hyperlink which will connect Reno, Las Vegas, Los Angeles and San Francisco in under 7 milliseconds. Apple Apple acquired 350 acres in the 2,300 acre Reno Technology Park and has been under continuous construction on its $1 billion itunes data center. Additionally, Apple s Braeburn Capital, its money management division, is headquartered in south Reno investing billions in this tax free state. Ghost Systems, a cyber security data firm, recently moved its headquarters to Reno and plans to construct a larger underground data center in the Reno Technology Park. Economic Development officials anticipate this company to be a large high tech employer.

9 EXISTING NOTABLE EMPLOYERS Microsoft Licensing moved its headquarters to Reno a decade ago and now has 500 employees. The company licenses software worldwide from its 120,000 square foot campus in south Reno. International Game Technology is the world s largest gaming company. Its Reno campus at 1 million square feet houses both R&D and manufacturing groups. Microsoft Licensing headquarters Renown Health is the largest healthcare provider in the region. The company currently employs 5,600 and continues to aggressively expand in the region. Sierra Nevada Corporation is one of the nation s largest defense contractors and is headquartered in Sparks, Nevada. It has 3,000 employees, most of whom are scientists, engineers, or technical personnel with college or advanced degrees. Intuit Payroll Services has been headquartered in Reno since It now has 600 employees located in 150,000 square feet of office space. Intuit Payroll Services headquarters

10 FOR SALE REGIONAL EMPLOYERS MAP EMPLOYERS MAP - NORTHERN NEVADA Cold S Co Cold Springs p in pr ings ngs g Lemm Le Lemmon mm mon o Valley Val a lle ey 80 RReno-Stead Airport Spa Sp Spanish an nish S Springs prings 80 To Lake Tahoe Ski Resorts: Gold Go G olden lld den e Valley Val a le ey 95 SITE Sun Valley Sun V ll Va lley ey ey 445 F rn Fe Fernley nle ley ey Reno Technology Park icloud Data Center 395 Sparks 650 WALMART Distribution Center Mc M McCa McCarran cca Carr r an n 80 Distribution Center Reno Verdi Verdi 80 Mog Mo Mogul og gu ul (Software) 580 Braeburn Capital Licensing 580 N.com 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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. 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. All Rights Reserved. Sources: CBRE Location Intelligence Group (877) ; ESRI, StreetPro, Microsoft Bing /21/ CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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