±41.56 ACRES RESIDENTIAL LAND SENECA & N. VIRGINIA, RENO, NV 89506
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1 RESIDENTIAL LAND SENECA & N. VIRGINIA, STEAD BLVD. Lemmon Valleys Shopping Center North Valleys Commerce Center 1.4MM Marys Gone Crackers, Exxel Outdoors Walmart Supercenter LEMMON DR N VIRGINIA LogistiCenter I - 1.2MM Amazon, Lasco Valves North Valleys Shopping Center Starbucks
2 INVESTMENT SUMMARY This ± acre site presents an opportunity for a small residential development in the burgeoning North Valleys region. The region is home to numerous Fortune 500 companies. Since the announcement of the new Tesla/Panasonic Giga Factory in September of 2014, a multitude of additional notable companies have announced the establishment or expansion of Reno area operations including Koch Business Solutions IT (data, cloud, and cyber security); Ghost Systems and Black Ridge Technologies, both cyber security companies; Immy Inc. a 3D leader in augmented reality and virtual reality imaging; AECOM; Clear Capital; Outdoor Adventure Gear Company; Cascade Designs; Grand Rounds, manufacturer of pioneering healthcare technology; Aqua Metals the world s first clean battery recycling facility; Teleperformance Inc., among others. In total, the Economic Development Authority of Western Nevada is projecting ±50,000 new jobs to the area by 2020, and estimating the need for an additional ±50,000 housing units. + + Sale Price: $1,100,000 including 10 AF of water rights + + APN: Size: Acres + + Zoning: Low Density Suburban 1 unit per acre. + + Flood Zone: X (outside of the 100-year flood zone) + + Utilities Nearby View of site facing north, from SEC of Seneca and N. Virginia CONTACT US BRETT EDWARDS brett.edwards@cbre.com REX MASSEY rex.massey@cbre.com
3 PROPERTY FEATURES RESIDENTIAL ZONED LAND INVESTMENT HIGHLIGHTS + + A potential for ± 40 residential units + + ¼ mile to N. Virginia/US 395 Intersection (Internet retail facility) + + Zoning allows for low density residential + + Gentle topography + + Surrounded by open space, with access to Peavine Mountain LOCATION The site is located in North Reno just off US 395 at the Seneca and N. Virginia. Less than 10 minutes north of the transcontinental Interstate 80, and easy access to retail centers at Golden Valley and Lemmon Drive. US 395 goes north to Spokane and US 395 south connects to Los Angeles. Interstate 80 west terminates in San Francisco and east to the Atlantic.
4 Red Rock Industrial - 2MM PetCo, Arrow Electronics, Pentair, Almo, NBF Stead Industrial 14MM Urban Outfitters, Turn 14, Fosdick, Michelin, DDS, General Motors, Numark, Legend Valve, BizChair.com, Cardinal Health, Firestone, Burrows Paper Reno Stead Airport Sage Point Business Park - 1.5MM UPS Logistics, Sherwin Williams, Genco, Tagg Logistics, Volvo, Bender, Quality Bicycle Parts, Cascade Designs, Barrier Safe Solutions STEAD BLVD North Valleys Commerce Center 1.4MM Marys Gone Crackers, Exxel Outdoors Walmart Supercenter Lemmon Valleys Shopping Center LogistiCenter II - 1.6MM Marmot North Valleys Shopping Center N VIRGINIA LEMMON DR Starbucks North Hills Shopping Center LogistiCenter I - 1.2MM Amazon, Lasco Valves
5 NEW EMPLOYERS & RESIDENTIAL PROJECTS IN THE NORTH VALLEYS SUBMARKET 2016 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
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